Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of mutual funds are specifically excluded from the definition of securities under the rules.
Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. "It turns out that there was over a billion dollars of deposits of Indian start-ups in SVB. "The existential, solvency crisis that was there six-seven days ago has become much more manageable, even the short-term liquidity crisis is being addressed as the bank allows access to deposits," the minister said while speaking at Lenovo's Tech World India Edition event.
Tourism is badly affected. Entire apple orchards have been washed away. 2 million people are threatened with loss of livelihood.
Vedanta group chairman, Anil Agarwal, 69, is well known for his business journey from a scrap dealer from Bihar to a London-based globe-girdling metal and oil and gas conglomerate with revenues of $19 billion. Now his abilities to keep his group from over-leveraging itself will be put to the test. Over the years, Agarwal, now based in London, set up the conglomerate via acquiring iron ore producer Sesa Goa, Cairn's oil producing assets in India, and Electrosteel Steel.
Justice Farooq said the PTI should submit a fresh plea to the Islamabad administration seeking permission for its long march, demanding early general election.
The matter pertains to the Rs 173.8 million severance offer given to former CFO Rajiv Bansal in October 2015 when he was allegedly forced to step down due to differences with then chief executive Vishal Sikka over the acquisition of Israeli technology firm Panaya for $200 million.
The argument between the two leaders in the virtual space began after Kejriwal had on Wednesday tweeted that a closure of schools is not a solution and there is a need to open more schools across the country, and shared a link to a news report claiming a "closure" of some schools in Assam.
The water level at the Old Railway Bridge crossed the 208-metre mark Wednesday night and rose to 208.48 metres by 8 am on Thursday. It is expected to rise further, according to the Central Water Commission, which has termed it an "extreme situation".
North East were 65 for 2, 475 runs in arrears, when bad light and rain forced an early closure to their first dig on Thursday.
Rising prices of cereals and concerns over rice production in the 2023-2024 crop year due to insufficient rains followed by floods could be the possible causes.
The cases reported on Wednesday include a couple and their two-year-old daughter in Rajasthan who had recently returned from Italy. The patients belong to Rajasthan's Jhunjhunu and had returned from Italy on March 8.
Students of the Rukmini Devi College of Fine Arts, being run by the Kalakshetra on its campus, resorted to the protest at the "tapovan", the prayer space at the entrance of the college on Thursday demanding justice. They alleged harassment by a senior faculty and sought appropriate action against him.
The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.
The Nokia plant near Chennai started operations in 2006.
'I had to just hold my lips for 30 seconds. But Jad got carried away.'
The visuals on social media also showed huge traffic on the National Highway-24 and Sarai Kale Khan where vehicles were crawling. Water from the overflowing Yamuna river reached ITO, a key route to commute from east Delhi to central Delhi and Connaught Place.
The southern Italian city of Naples exploded into what was shaping up to be a long night of celebrations on Thursday as local team Napoli secured their first Serie A soccer title in more than three decades, sweeping away years of disappointment. The late Maradona is also still revered, celebrated on fans' t-shirts, banners or tattoos, and on a giant mural in Naples' Miracles Square that has become a major attraction in the countdown to the Scudetto.
Mercury hovered around 40 degrees Celsius in large parts of the country on Monday as the Indian meteorological department predicted heat wave conditions in parts of east India over the next four days and the northwest region over the next two days.
A Hinduja Group firm on Wednesday emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by IndusInd International Holdings Ltd (IIHL) is higher than Rs 8,640 crore offer made by Torrent Investments in the first round of auction held in December last year. The other two suitors -- Torrent Investments and Oaktree -- did not participate in the second round of auction, sources said.
A spoked copper wheel of the Kushana era, an arrowhead of Rajput period and coins dating from the Mughal reign are among a range of ancient artefacts unearthed in the latest excavation currently underway at the Purana Qila site in Delhi, a top official of the Archaeological Survey of India said on Tuesday.
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