This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.
The BJP MLC, who had switched his loyalty from the Janat Dal-Secular to the BJP two years ago, alleged that the "entire state" including ministers, had been talking about Vijayendra's interference in the administration.
A 10-hour RBI central board meeting, on November 19, decides to set up a panel on the economic capital framework for the central bank and directs it to give forbearances to small businesses.
Chartered accountants are readying themselves for a higher onus on individuals to report violations that they come across as part of their work. There has been a scramble to understand the implications as the non-compliance with laws and regulations (NOCLAR) comes into effect in less than six months. It is applicable from April 1, 2022 after being deferred earlier because of the Covid-19 pandemic.
The report comes after two members of the Ugandan Olympic delegation tested positive for the coronavirus last month upon arrival in Japan. One tested positive at Narita airport near Tokyo, but the remainder of the team was allowed to travel to a training site.
ICC decided at its board meeting to shift the women's Twenty20 World Cup
While heaping praises on Cook for his contribution in the American commerce and industry sectors, Trump referred to the 58-year-old executive as "Tim Apple."
While Wipro will announce its fourth quarter (Q4) results along with annual financial statements on April 15, market leader TCS will hold its board meet the next day (April 16) for approval of its financial statements. Infosys is yet to inform investors the date it will announce its Q4 earnings.
Media reports have said England and Australia are set to join India in opposing the new ICC tournaments, which would cut into the windows of opportunity for cricket's 'Big Three' to hold lucrative bilateral series.
The move comes in the wake of the unsanctioned conduct of the Bihar Cricket League.
Taking to Twitter, the South African-born Pietersen wrote, "Goodness me! What's happening to cricket in SA is catastrophic."
Adani group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group. The group last August had announced that it would acquire GVK Group's stake in Mumbai airport. Adani group will have 74 per cent stake in Mumbai's Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.
A majority of the ICC board members believe that India is trying to bide time
Independent directors
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
'Beyond the 'sir' and the 'salute', there was a man who cared about his soldiers and that's what made him a great leader.' Field Marshal Sam Manekshaw's grandson Jehan remembers the man who was the soldier's soldier.
Choudhary was barred by the CoA from attending ICC meeting but participated in the policy-decision voting on the invitation of Shashank Manohar-led global body.
The IT services giant is also slated to hold a board meeting on April 13 and 14, to approve of and take on record the consolidated financial results of the company for the quarter and year ended March 31, 2021. Indian IT majors will be announcing their fourth quarter (Q4) and 2020-21 results starting April 12. At the end of the Q3 FY21 Infosys had cash and investment of $4.5 billion.
An LJP parliamentary board meeting chaired by its president Chirag Paswan instead passed a resolution in favour of an alliance with the Bharatiya Janata Party and said its MLAs will work to strengthen the hand of Prime Minister Narendra Modi.
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
BCCI feels that the ICC's 'delaying tactic' could severely hurt IPL preparations.
The senior state association member said there is also a tax rebate issue which is still an ongoing process.
IOC President Thomas Bach has said the Games would have to be scrapped if the event cannot be held next year but Takahashi said cancelling them would have major financial implications.
Over-communicate, but don't micromanage: Ritwik Sharma's tips for our new work ways.
Seeking to boost listing of start-ups, markets watchdog Sebi on Thursday decided a slew of relaxations to norms, including reducing holding period for pre-issue capital and allowing discretionary allotment to eligible investors. The changes have been approved to the framework for listing on the Innovators Growth Platform, Sebi said in a statement after the board meeting. Other proposals approved include easing delisting requirements and relaxation in guidelines for migrating to main board.
Suitors for Punjab and Maharashtra Co-operative Bank (PMC Bank) may have to infuse additional capital of nearly Rs 750 crore so that the payout per depositor is more than the Rs 5 lakh sum assured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The Reserve Bank of India (RBI) has also slotted its board meeting on March 19 in Mumbai - a fortnight short of the current deadline to find a resolution for the beleaguered bank and the moratorium placed on it comes to an end. Sources close to the PMC Bank transaction said that the central bank wants the suitors "to go the extra mile so that depositors can get more than the Rs 5 lakh insured by the DICGC". This is also to ensure that the new owners of the bank - who are to be issued a small finance bank (SFB) licence - are serious and have deep pockets.
'The ICC have also expressed some concerns (about the running of CSA) and we believe our decision is warranted, and that it will be embraced by the ICC.'
If appointed interim head, Vishwanathan would head the central board meeting scheduled this Friday
Last week, the International Cricket Council (ICC), after a board meeting, said a decision regarding the tournament will be made next month.
Sebi on Wednesday barred Kishore Biyani and certain other promoters of Future Retail Ltd from the securities market for one year for indulging in insider trading in the shares of the company. Apart from Kishore Biyani, who was the CMD and promoter of Future Retail Ltd (FRL), others facing ban are Future Corporate Resources Pvt Ltd, Anil Biyani and FCRL Employee Welfare Trust. In addition, the regulator has imposed a fine of Rs 1 crore each on Kishore Biyani, Anil Biyani and Future Corporate Resources. Besides, they have been asked to disgorge Rs 17.78 crore for the wrongful gains made by them.
Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.
The ICC Board, however, decided to put an end, at least till December this year, the tug of war over tax exemptions with the BCCI.
Uncertainty surrounding this year's Twenty20 World Cup in Australia due to the COVID-19 pandemic has created a scheduling headache and a decision should be made as quickly as possible, a top BCCI official said. Cricket Australia chief Kevin Roberts has said the tournament's October-November schedule is under "very high risk" and the International Cricket Council is set to discuss contingency plans at its board meeting on Wednesday.
International Cricket Council Chief Executive Manu Sawhney has been sent on 'leave' after his conduct came under the scanner during an internal investigation by audit firm PricewaterhouseCoopers and may resign before his term ends.
Cricket Australia's revenue pool was originally forecast at around A$400 million ($276 million) in the 2020/21 season but had been slashed due to COVID-19's impact on the schedule.
A draft proposal by the sub-committee of the insolvency law committee has recommended that the corporate debtor (CD) may initiate the prepack since it may prove difficult to implement if creditors are allowed to do so without the willingness of the promoter.
43 McDonald's outlets in New Delhi-National Capital Region were forced to down shutters following lapse of their eating-out or health licences in June.
Maximum promoter holding to be eligible for reclassification to be raised from 10% to 15%; waiting time to be brought down to one month from three.
Barcelona are taking measures to cut the wages of their players and staff to reduce the economic effects of the coronavirus crisis, the La Liga club said on Thursday. All professional players at Barcelona, including six-times world player of the year Lionel Messi, as well as non-playing staff, will face a compulsory wage reduction during the period of lockdown, the club's directors decided at a board meeting held via video conference.
The NCLAT, in its December 18, 2019 order, had restrained the company, its board of directors and shareholders from exercising the power under the article against minority members except in exceptional circumstances and in the interest of company. A bench headed by Chief Justice S A Bobde dealt with this issue in its 282-page verdict which set aside the NCLAT's order that had restored Cyrus Mistry as the executive chairman of the USD 100 billion salt-to-software conglomerate.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances