Continuing efforts to boost the capital market, Sebi on Wednesday decided to tweak the 25 per cent minimum public shareholding requirement for companies undergoing insolvency process, segregate assets as well as liabilities of mutual funds, and ease norms governing promoter participation in follow-on public offers. For the mutual fund segment, the watchdog also relaxed the profitability criteria and mandated minimum Rs 100 crore net worth requirement for entities to become sponsors of mutual funds. The board of Sebi, at its meeting on Wednesday, also cleared amendment regulations pertaining to market intermediaries to avoid duplication of proceedings before the designated authority and the designated member.
After every corporate announcement, check your demat and bank accounts for necessary credits.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.
A consumer wins a case against a financial company for selling him a car online, but not transferring the ownership in his name.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
St Stephen's college principal Valson Thampu, who is embroiled in a controversy over shielding the accused in a molestation row, on Sunday claimed "the victim is being used against him" and a forensic investigation of the "purported" recordings will clear the air.
India Inc needs to tighten norms against sexual harassment at work.
The EC said 'there are several scenes depicting a major opposition party as corrupt and showing them in poor light. Their leaders have been depicted in such a manner that their identification is clear and obvious to the viewers'.
Dismissing as baseless Kitex group chairman Sabu Jacob's allegation that the atmosphere in Kerala is not industry-friendly, state Industries Minister P Rajeev on Wednesday said his government stands for "responsible investment" and the southern state would be made a destination of such investments in few years. In an exclusive interview to PTI, Rajeev said the focus of the government is to attract green industries and IT-based industries in Kerala as land scarcity and environmental issues associated with it have been a problem in the state. "We are always taking a stand in favour of investment, in favour of industries. But our need is that--investment should be responsible. We stand for responsible investment," said Rajeev, who represents Kalamassery-an industrial hub in Kerala--in the state Assembly. Elaborating on responsible investment, the minister said it is a strategy and practice to incorporate environmental, social and governance (ESG) factors in investment decisions.
'There is corruption at various levels'.
The civic body said the artist had flouted norms not only in his Versova office building but also in his apartment in suburban Goregaon.
The polling body said any such film that subserves purpose of any political entity or individual should not be displayed in the electronic media.
After being closed for over five months due to the COVID-19 pandemic, metro services will be resumed in three stages from September 7-12, but stations located in containment zones will remain closed.
Party leaders are being forced to bite the tongue while answering queries on cut money and alleged arrogance of local TMC leaders.
It neither mentions timelines for refund or compensation, nor talks about penal provisions for airlines.
Kumar reportedly accused the financier of charging exorbitant interest on some loans obtained by him, and harassing him over the same.
Amchem said that Amway is a direct selling FMCG company that uses multilevel marketing to sell its daily use products through independent distributors, instead of from a shop or a mall.
If not for Palaniswami, it is hard to guess if the AIADMK would have been able to garner 33.3 per cent vote share as against the DMK's 37.7 per cent. AIADMK won 66 seats, its allies Pattali Makkal Katchi and Bharatiya Janata Party five and four seats respectively and proved yet again that the western region was its fortress.
A year ago, India's #MeToo movement witnessed women across India speak up against sexual harassment. Nikita Puri assesses what, if anything, has changed.
The apex consumer court on Monday issued notice to Nestle India Limited on a Rs 640-crore or Rs 6.40 billion suit against it by the Centre.
The national capital woke up to a cool 26 degree Celsius Monday morning, but for office goers it was all downhill from there as the waterlogged roads brought the traffic to an almost standstill.
Twitter on Friday temporarily blocked IT Minister Ravi Shankar Prasad's account for alleged violation of the US Copyright Act, a move that the minister slammed as being arbitrary and gross violation of IT rules.
Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
Rejecting allegations of conflict of interest against Sushil Kumar, the Sports Ministry on Thursday defended the star grappler's appointment as a national observer for wrestling.
The Supreme Court on Tuesday ruled out making "wholesale changes" in the collegium system of appointment of judges for higher judciary.
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
'We have done what we needed to do on behalf of the consumers'.
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
The guidelines, which have made service charge "totally voluntary and not mandatory", will be sent to states for necessary action
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The South West District Consumer Disputes Redressal Forum said that Tara Chand, a Delhi-based businessman, was entitled to three domestic trips instead of one as contended by Airtel since he had bought the connections in the names of three directors of his firm.
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
The micro-blogging platform hopes its new emphasis on governance would help differentiate it from Facebook and Instagram.
Ronaldo lawyers to sue Der Spiegel over 'illegal' report
Hospitals empanelled for Modicare may give preference to poor patients over the middle class for fear of strict government action, says Harsh Roongta.
Pending consumer dispute cases are at an all-time high.
Did you know that employers have to pay equal remuneration to its male and female employees who are carrying out the same or similar work?
The development is significant for Nestle since arguments in the Bombay High Court over testing and sampling went in the company's favour, too.
The complaint is against Nestle's 'unfair trade practices'.
Social activist from Uttar Pradesh Gayarul Hasan will be the NCM chairperson, while activist and BJP leader from from Kerala George Kurian, former Maharashtra minister Sulekha Kumbhare, Jain representative from Gujarat Sunil Singhi, and Vada Dasturji Khurshed, chief priest of the Udvada Athornan Anjuman, are its other members.
