Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.
Around 2,500 personnel from police and paramilitary have been deployed in the district this year a day before the yatra, police said.
He also said that there is improvement in the law and order situation in the country.
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or Key Managerial Personnel (KMP) in any listed company, or any intermediary registered with the market regulator, for a period of 5 years.
Payouts to key management personnel in non-banking financial companies (NBFCs) are under the banking regulator's scrutiny. Top industry officials said this is a follow-through on the Reserve Bank of India's (RBI's) circular of April 29, 2022, which asked NBFCs in the "middle" and "upper" layer of its four-tiered scale-based regulatory (SBR) framework to put in place a board-approved compensation policy.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.
The Securities and Exchange Board of India (Sebi) is mulling changes to the 'fit & proper' criteria for market infrastructure institutions (MIIs), such as stock exchanges, in a bid to segregate the role of an individual from the entity, said sources. Under the current framework, wrongdoing by senior personnel could lead to a debarment of the MIIs such as stock exchanges, depository participants and clearing members-with quite a few such instances in the past. Additionally, Sebi is also mulling to introduce a clause through which any order passed against an MII will not affect their operations, unless it is specifically mentioned so in the order.
"Raj Kumar alias Bittu Bajrangi, who is said to be a Bajrang Dal worker, has never had any relation with Bajrang Dal. The Vishva Hindu Parishad also does not consider the content of the video allegedly released by him to be appropriate," the right-wing outfit said in a statement.
The Bharatiya Janata Party's Gurgaon MP also met the family members of one of the home guards killed in the violence and paid tributes to him.
Farmers protesting the Centre's three farm laws on Saturday blocked the six-lane Kundli-Manesar-Palwal (KMP) Expressway at some places in Haryana to mark the completion of 100 days of their agitation at the Delhi borders.
At the 'Sarva Jatiye Mahapanchayat', participants from Palwal, Gurugram and other nearby places took part, and it was decided that the yatra will resume from Nalhar in Nuh and then pass through Firozpur Jhirka's Jhir and Singar temples in the district.
The expressway will decongest the road traffic from Delhi, especially reducing the number of trucks entering the national capital, helping reduce the pollution.
Officials said security personnel, including those from paramilitary forces, have been deployed to keep a strict vigil. Security at inter-state and inter-district borders has also been tightened, they said.
"It was a rehearsal for the proposed January 26 tractor parade," Bharti Kisan Union (Ekta Ugrahan) leader Shingara Singh Mann told PTI over the phone.
The government announced the decision apprehending spread of rumours through social media by anti-social elements ahead or during the rally called to be held on Monday.
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.
Farmer leaders on Saturday said the protesting unions stand firm on their demand of a complete repeal of the three agri laws and asserted that they are ready for talks with the government, but that should be held without any condition.
Tractors from Punjab, Haryana, and Rajasthan have also reached on Tikri border between Delhi-Haryana as the farmers sit in for protest for nearly two months. The move comes as Delhi Police formally granted permission for the rally on January 26, assigning them routes for the same.
Farmer leaders also announced their plans to block the Kundli-Manesar-Palwal expressway for 24 hours on April 10.
The decision was taken at a meeting of Sanyukt Kisan Morcha, an umbrella body of 40 farmer unions protesting at various Delhi border points against three farm laws.
Farmer unions opposing the Centre's new agri laws on Wednesday rejected a suggestion by police officers to hold their proposed January 26 tractor rally on the Kundli-Manesar-Palwal Expressway instead of Delhi's busy Outer Ring Road, sources said.
Protesting farmers owing allegiance to different farmers' bodies blocked state and national highways at several places on Saturday, causing inconvenience to commuters.
Delhi Police on Sunday claimed that over 300 Twitter handles have been generated from Pakistan to disrupt the tractor rally proposed by protesting farmers on Republic Day.
Yogendra Yadav said the decision to defer the march was taken over a forecast of bad weather conditions on Wednesday.
Addressing a press conference at the Singhu border protest site, farmer leaders warned of multiple actions if their main demands are not met. They said that only five per cent of the issues raised by them have so far been discussed in meetings with the government.
The Enforcement Directorate (ED) on Tuesday arrested the former CFO and internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
If eight states could join the VAT system much after the rollout date and after seeing how it works, why can't the same apply to states opposed to the farm laws, asks A K Bhattacharya.
'This government will end after five years, but farmers will not end after five years.' 'This is the source of our confidence.'
There is no specific requirement for a private company under the new legal framework to appoint a company secretary.
Hardik Pandya had a dream debut picking three crucial wickets in the first ODI against New Zealand in Dharamsala on Sunday. The 23-year old allrounder, who received the India cap from legendary allrounder Kapil Dev ahead of the game, also bagged the Man-of-the-Match award for his bowling effort. Opening the bowling for the first time in his international career, Pandya struck in his first over dismissing the dangerous Martin Guptill. "The ball was doing a lot; it was swinging. I knew if I put it in the right spots, something would happen. Two balls went for fours, but I had backed myself that something will happen. The captain was always supporting me.
A good fast bowler needs a good captain and India speedster Umesh Yadav is thankful to Virat Kohli for letting him be his own man while devising strategy to get batsmen out.
The 27-year-old came into spotlight when he bowled the famous last over during that 2008 U-19 World Cup final against South Africa in Kuala Lumpur where Virat Kohli was leading the side.
Besides the car's price, fuel efficiency is of utmost importance for buyers as it's a long time recurring expense.
It was an individual complainant, seeking action against Rs 34 crore (Rs 340 million) he was allegedly duped, and "sham transactions" involving three 'housewives' that has led to regulator Sebi coming hard on the country's biggest real estate developer DLF and its top executives.
DLFknowingly suppressed material facts: Sebi
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