The Securities and Exchange Board of India (Sebi) has proposed to put a stop to the practice of certain directors occupying permanent board seats at listed companies. The regulator has suggested that the directorship of any individual serving on the board should be subject to periodic approval from shareholders, at least once in five years. In a discussion paper issued on Tuesday, Sebi said a few promoters enjoyed permanency on the board, giving them an undue advantage, prejudicial to the interests of public shareholders.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
India is expected to ramp up its purchase of crude oil from the United Arab Emirates (UAE) in the coming months following discussions between the two countries on the sidelines of the ongoing COP28 summit in Dubai, multiple sources in the know said. The UAE has historically been India's third-largest source of crude. It has suffered the largest drop in shipments since Indian refiners began to binge on Russian crude in 2022.
The heartburn is over six sensitive issues
'The people of Pakistan and India will begin to understand what the bottom lines are. What India can accept maximum is known to Pakistan. What Pakistan can accept minimum is known to India.' 'In the absence of atmosphere you can't even talk, you can't think of writing agreements and frameworks. You have to have the right atmosphere. With the previous BJP government it had started and I hope the new BJP government will continue with that.'
Australian Deputy PM Marles to watch India-Australia World Cup cricket final in Ahmedabad
Indian fintechs and associated entities are hoping that the Union Budget 2024 will provide a boost and empower firms to extend their reach beyond Tier-II regions, with an emphasis on supporting enterprises led by women. The fintech industry, which has witnessed regulatory reforms over the last year, expects the Budget, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, will further encourage financial inclusion, empower micro-small-medium enterprises (MSMEs) with lending solutions, and push for upskilling initiatives for the country's young workforce.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The memorandum of understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco.
Indian policymakers must realise that in buying small quantities of equipment, it becomes hard to start manufacturing them in India, explains Ajai Shukla.
'Chief Minister Rio is holding the Naga Peace Accord hostage with his tacit support to the NSCN-IM, egging them to refuse to accept a solution within the Constitution.'
The defence ministry on Thursday accorded its approval to procure 30 MQ-9B Predator drones from the US to crank up the surveillance apparatus of the armed forces, especially along the frontier with China, people familiar with the development said.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Biden would also travel to Jordan for a summit meeting with the heads of States of Jordan, Egypt and the president of Palestinian Authority.
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
The law firms will provide legal opinion on matters related to interpretation of various statutes, such as the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, among other things.
The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. The hearing on the market regulator's plea and PILs could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm. A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and J B Pardiwala on May 12 had said it would consider granting three more months to Sebi for concluding its probe into the allegations of stock price manipulation and lapses in regulatory disclosure.
'All the hard work of 23 years of Indo-Naga political talks having passed through six successive prime ministers is coming to a nauseating end because of the mischief that keeps boiling in the hands of this interlocutor who has become more a liability than anything,' the NSCN IM said.
The new interlocutor, AK Mishra, held talks with NSCN-IM chief negotiator Thuingaleng Muivah at Dimapur in Nagaland.
The Indian and Chinese troops are locked in an over three-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks.
The situation along the Line of Actual Control (LAC)in eastern Ladakh remained 'very fragile' and is 'quite dangerous' in military assessment because of close deployments of troops of both sides in some pockets though substantial progress has been made in the disengagement process in many areas, External Affairs Minister S Jaishankar said on Saturday.
Amid some Indian National Developmental Inclusive Alliance (INDIA) constituents switching sides to the National Democratic Alliance, Congress leader Sachin Pilot on Sunday said the opposition alliance is 'strong' and the Bharatiya Janata Party is attempting a 'frantic rejig' of the political landscape as it is worried over the collective strength of the coalition.
The Centre on Monday extended the ceasefire agreements with three insurgent groups of Nagaland for one more year till April next year.
The Niti Aayog has finalised the first draft of a new national energy policy.
It was a combination of Prime Minister Narendra Modi's 'guarantee and magic', the sources said while referring to total unanimity among member nations on the entire New Delhi G20 leaders' declaration.
External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.
Mohan said bilaterally also, India is working with countries like the United States.
The two sides are expected to ink an agreement on interim sharing of water of the Kushiyara river during Hasina's visit.
"One nation, one law can be understood. But we will never accept one nation, one party plan of the BJP", Thackeray said.
Chinese Foreign Minister Qin Gang reiterated that the situation at the India-China border is generally stable and both sides should consolidate the present achievements and strictly abide by the relevant agreements while pushing for further cooling and easing of the conditions for sustainable peace and tranquillity at the frontier.
Prime Minister Narendra Modi on Friday conveyed to Sri Lankan President Ranil Wickremesinghe India's expectations from Colombo to fulfill the aspirations of the Tamil community in the island nation and ensure a life of respect and dignity for it.
Coupled with the fact that arms were recovered at the instance of Jamir, there is also evidence showing running of parallel government which was never acknowledged under any peace accord, the judge said.
The Centre's new interlocutor for Naga peace talks, A K Mishra, has held an 'informal' meeting with the Working Committee of the Naga National Political Groups (NNPGs), the bloc said on Thursday.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt. Investment in infrastructure projects with high multiplier effect has been the Centre's main plank to revive the economy, create employment and boost consumption.
A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.
In Amman, Biden will meet with King Abdullah of Jordan, Egyptian President Abdel Fattah El-Sisi, and Palestinian Authority President Mahmoud Abbas.
Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added.
Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".
UEFA opens investigation into Barca payments to ex-refereeing official
