'In the next one-and-a-half, two months you'll get decent amount of opportunities in the mid-cap and small-cap sector at lower levels.'
IOC urges IOA to appoint CEO quickly, asks it to settle wrestling issue by following UWW rules and directives
Capital markets regulator Sebi on Tuesday decided to gradually phase out buyback of shares by companies through the stock exchange route to address the drawbacks associated with the existing mechanism. Sebi chairperson Madhabi Puri Buch said the regulator has chosen the tender offer route for share buyback as the present mode is vulnerable to favouritism. "This is a glide path and will lead to the phasing out of the present buyback mode (through stock exchange route)," she told reporters after its board meeting in Mumbai.
Lucknow Super Giants will don Mohun Bagan's colours when they take on Kolkata Knight Riders during their final league game on Saturday.
A lucrative media deal could be in trouble if a solution isn't found to break the deadlock between India and Pakistan on the Asia Cup issue.
"In principle, India should get more, there is no doubt about that but ... how is this table being developed?" Sethi said.
HDFC chairman Deepak Parekh on Friday exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group following the reverse merger likely to be effective from Saturday. As chairman of HDFC Ltd, Parekh in the last message to the shareholders said home loans will now be complemented with HDFC Bank's core strengths -- its sales engine, execution capabilities at scale and deep insights on consumer behaviour. The reverse merger of parent HDFC Ltd with HDFC Bank is expected to be effective from July 1.
The government views dropout as a barrier to achieving the new National Education Policy's aim of 100 per cent gross enrolment rate at the school level by 2030, according to officials.
Maruti Suzuki India (MSIL) will issue equity shares on a preferential basis to parent Suzuki Motor Corporation (SMC) to acquire 100 per cent stake in the latter's Gujarat plant. This deal is expected to increase the share base of MSIL by about 4 per cent. And consequently, it will raise SMC's shareholding in Maruti by around 1.8 percentage point. "Whether it is in terms of PAT (profit after tax) or earnings per share (EPS) or dividend per share (DPS) of MSIL, the share-swap option will give shareholders a better deal than any other option such as cash payment," MSIL chairman RC Bhargava told reporters during a press conference.
The board, whose size was doubled with the induction of three members on Thursday, is likely to elect a new chairman to steer the company out of the financial mess that its founder Ramalinga Raju led it into.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
The Kalakshetra Foundation on Tuesday said it had constituted a committee of inquiry led by a retired judge to investigate the sexual harassment allegations made by students against an assistant professor of dance and three repertory artists. The teacher has been suspended and the services of the repertory artists have been "dispensed with" pending inquiry.
The board of GSM service provider Vodafone-Essar is expected to discuss the income tax issue at its meeting to be held on Friday.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures. "One working group has been set up which is going to review... One of the suggestions is that if any scheme or fund is performing well above the benchmark, it (fee) can be linked to its performance.
Soured political relations between India and Pakistan have complicated matters
The RBI raked in a massive net income gain from foreign exchange currency sales as a buffer for the rupee during tumultuous geopolitical upheavals last year owing to Russia's invasion of Ukraine.
'No one knows if PCB chief Mr Najam Sethi has had any informal discussion with his Bangladeshi counterpart Najmul Hasan Papon, but this can be said with a degree of certainty that no such discussions happened officially that Pakistan will play in Bangladesh.'
Against the backdrop of Kerala's appetite for commonsense, it was assumed that this controversy would pass. Respect for rationalism and scientific outlook is strong in the state despite political forces gnawing at it for their own goals, observes Shyam G Menon.
Former BCCI president Narayanswami Srinivasan who has been at the centre of attention following Supreme Court's decision to allow modifications relating to the age-cap of 70 years for representation to the International Cricket Council.
Pakistan Cricket Board chairman Najam Sethi is exploring all options as far as this year's Asia Cup in Pakistan and ODI World Cup in India are concerned, saying it's time to "take a clear position".
Leading stock exchange NSE's board has given its approval to the Central Bureau of Investigation (CBI) to prosecute its former MD and CEO Chitra Ramkrishna in the co-location scam case, sources said on Monday. The CBI was awaiting the go-ahead of the board of National Stock Exchange of India (NSE) to prosecute Ramkrishna following her arrest in March last year. She was arrested in the co-location scam nearly four years after an FIR was registered by the agency in May 2018.
The six-nation Asia Cup, which will be played in a 50-over format in the first part of September this year, has grouped India and Pakistan together with a qualifier. Sri Lanka, Bangladesh and Afghanistan are part of the other group.
Oscar Pistorius, known as "Blade Runner" for his carbon-fibre prosthetic legs, went from public hero to convicted murderer in a trial that drew worldwide interest.
The PCB clarified that the concept of a 'hybrid model' of tournament was strictly pertaining to Asia Cup since India will not travel to Pakistan.
Ashwin suggested that the Asia Cup 2023 should be shifted to Sri Lanka instead of being held in Pakistan.
The Board of Mahindra Satyam will meet on July 10 to clear the proposal of Tech Mahindra seeking a second round of preferential share allotment to hike its stake in the newly acquired company to about 43 per cent after an open offer evoked a weak response.
The government-appointed board of Satyam Computer Services will meet on Friday to scrutinise the bids for a 51 per cent stake in the company and decide a schedule for completing the selection process.
Satyam's short-term requirements include funds for paying salaries to employees in India and abroad, rentals, arrears to vendors and provident fund dues. The Hyderabad IT-major has already secured loans worth Rs 600 crore from IDBI Bank and Bank of Baroda. It is now understood to have plans to seek more loans from other state-owned banks as well.
Shah will have the responsibility of heading ICC's most important committee. Al the major financial policy decisions are taken by the F&CA committee before it is ratified by the ICC board
The last date for filing the nominations for the ICC top job is October 20. The ICC Board will meet from November 11-13 in Melbourne.
Tightening Initial Public Offering (IPO) norms, capital markets regulator Sebi on Friday cleared the proposal mandating the issuers to disclose the offer price based on past transactions and fund raising activities. In addition, the board of Sebi approved a proposal introducing an alternative mechanism by permitting "pre-filing" of offer documents for companies contemplating IPOs. Under this, an issuer should make "pre-filing" of offer documents with Sebi and stock exchanges without making it available to the public for an initial scrutiny period only.
'We are going to write the BCCI president to take a call on Srinivasan's continuing as the president of the Tamil Nadu Cricket Association despite the apex court's order'
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
Akhtar who is currently playing in the Legends League Masters in Qatar, also wants that India and Pakistan to play in the finals of the Asia Cup and World Cup.
Australia's men's team has withdrawn from their one-day international (ODI) series against Afghanistan in March following further restrictions on women's and girls' rights imposed by the Taliban.
Internet major Yahoo's board of directors met on Friday to discuss Microsoft's takeover offer and to consider the option of a deal with Time Warner's AOL.The meeting follows a series of developments this week, which saw software major Microsoft threatening the internet giant with hostile takeover unless it accepts the deal within three weeks and Yahoo once again declining the offer.
The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
United Arab Emirates is the favourite to host the ODI tournament in March.
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