Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
'Our policy is pro-Sri Lanka.' 'Burma is not the only girl on the beach in South Asia.''
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
Google has announced a slew of new features including new privacy settings, AI tools and release of the first beta of Android 12 that will become part of its products over the course of the year. Kicking off Google I/O 2021 in a virtual format from the Mountain View campus, Google CEO Sundar Pichai also announced additions to Google Workspace that will enable richer collaboration, especially in view of the pandemic that has driven enterprises across the globe to embrace remote working solutions. Pichai said that COVID-19 has deeply affected every community over the past year, and "places like Brazil, and my home country of India, are now going through their most difficult moments yet".
'India and China are at new inflection points, domestically and internationally. India needs to throw up a new leader whose vision is clear, experience laden with wisdom and articulation brimming with restraint and tolerance,' says Ambassador K C Singh.
BSE proposes two models for making gold trading and investment transparent
'Whatever else may or may not happen, China and its people are likely to pay a very heavy price for the lack of transparency of its Communist regime,' predicts Colonel Anil A Athale (retd).
In a strong message to China, India and ASEAN on Thursday called for a "full and effective" implementation of the understanding between the parties involved in the South China Sea dispute, while stressing on maritime security and freedom of navigation in the critical sea lanes.
Experts of both the countries will meet by mid-September 2016 to further discuss the modalities for the reciprocal bilateral implementation of AEOI between India and Switzerland with a view to reaching an agreement at the earliest, possibly by the end of the year
Observing that the final NRC list, which validates bona fide Indian citizens of Assam, has excluded 19 lakh residents, the US Commission on International Religious Freedom on Friday said that a number of domestic and international organisations have expressed concern that the NRC is a "targeted mechanism to disenfranchise Assam's Bengali Muslim community, implicitly establishing a religious requirement for citizenship and potentially rendering large numbers of Muslims stateless."
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chadrachud did not consider the plea of BJP leader Subramanian Swamy that the ongoing tendering process for awarding media rights for the IPL events be stayed and e-auctioning directed.
Hubei province, the epicentre of the outbreak, reported 5,806 confirmed cases, including 204 deaths, official media reported.
It is watching e-commerce policy fineprint before spelling out India plan
Recently listed companies scored 54, compared to 58 for the BSE100 firms and 61 for entities in the Sensex pack. The report noted that issues remain in IPO companies in which there seems to be a need to institutionalise governance practices.
The aspirations, energy, enterprise and skills of the youth will be the force for India's economic transformation
Months after making history by winning America's Got Talent, Mumbai's V Unbeatable dancing crew is crumbling under the lockdown.
Dispute over IPR was a bone of contention in bilateral ties till a couple of months ago.
The Summit for Democracy seems to have done more harm than good, notes Ambassador T P Sreenivasan.
On the index, India has a score of 4.52 while that of Switzerland is 5.81
Former CAG Rajiv Mehrishi says Centre has held back a report he submitted to the President, to end what he called "a nightmare of accounts that militates against good governance".
Here is the full text of the joint statement issued by India and the US.
China criticised the forthcoming meeting of the Foreign Ministers of India, Australia, Japan and the United States in Tokyo, saying it is opposed to the formation of "exclusive clique" harming third party's interests.
TMC MP writes to Mark Zuckerberg, raises issue of Facebook's alleged bias towards the BJP.
Indian businesses in the US have created about 91000 jobs in the US.
"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
Former India pacer Ajit Agarkar on Friday entered the race for the national selector's job and is a frontrunner for the chairman's post. Agarkar, who is a former chairman of Mumbai senior selection committee, is in contention for the chairman's post as the new constitution doesn't have provisions for zonal system.
The Central Information Commission has directed the sports body and the Ministry of Youth Affairs and Sports to explain.
The committee will also be suggesting measures for making the code acceptable to all the stakeholders so that a balance is struck between autonomy of National Sports Federations.
The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month
India hit out at China for its remarks that there was no consensus over the United States' proposal to ban Pathankot attack mastermind and Jaish-e-Mohammed is chief Masood Azhar at the United Nations
Modi tells global investors to invest in India.
The US is intensifying pressure on China, piling on visa bans, sanctions and other restrictions that are battering the already unsettled ties between the world's two largest economies.
Coal accounts for more than 60 per cent of India's electricity capacity, and the government plans to nearly double annual coal output by 2020, opening a new mine nearly every month
Demonetisation was not a good idea and the time should have been utilised instead to fine-tune the Goods and Services Tax before it was introduced, said Gita Gopinath, John Zwaanstra Professor of International Studies and of Economics at Harvard University, in an interview with Advait Rao Palepu.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
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