The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.
Three prisoners, including a member of Bahujan Samaj Party MLA Mukhtar Ansari's gang, were shot dead inside the Chitrakoot district jail on Friday after which the Uttar Pradesh government suspended two jail officials, police said.
Thanks to the breach, Gandhi remained without state government security for more than an hour. Special Protection Group personnel faced some tense moments as the Congress general secretary was surrounded by students of Chandrashekhar Azad Agriculture University
Puran Krishan was attacked near his residence in the Chowdhary Gund area of south Kashmir district, they said, adding that doctors declared Krishan brought dead after he was shifted to Shopian hospital.
Buying term insurance is not a one-size-fits-all purchase. It requires some level of deliberation to ensure that the policy aligns with your needs, life stage as well as future circumstances, says Casparus Kromhout, MD & CEO Shriram Life Insurance Company
In a major security lapse, a 'depressed' BSF jawan posted outside the residence of Jammu and Kashmir Chief Minister Omar Abdullah in Srinagar fired around 12 rounds in the air on Monday morning, triggering panic in the high security area.
As per the FTC complaint, hackers gained administrative control of Twitter twice between January and May, 2009.
The Supreme Court on Wednesday granted the Securities and Exchange Board of India time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group. A bench headed by Chief Justice D Y Chandrachud directed the SEBI to file an updated status report of the investigation.
The details of the attackers and their relatives linked to the bombings was released by the police on Wednesday.
A group of armed men in police uniform on Sunday attacked the Nabha Jail in Patiala and fled with five prisoners, including Khalistan Liberation Front chief Harminder Mintoo.
Claiming that a specific alert was issued to the Bihar government about Narendra Modi's rally in Patna, the Bharatiya Janata Party on accused the Nitish Kumar government of lapses that led to serial blasts and charged it was soft on terror due to vote-bank politics.
Kavita Karkare, widow of Maharashtra Anti-Terror Squad chief Hemant Karkare who was killed during the 26/11 attacks in Mumbai, has died.
Ajanta Manufacturing Limited (Oreva Group) was responsible for the operation and maintenance of the British-era suspension bridge on the Machchhu river in Morbi that collapsed on October 30 last year, days after its repairs.
Daniel Wager, who helped investigate HSBC for the federal agency, joined the HSBC's anti-money laundering team last November as a senior vice-president.
Bihar Chief Minister Nitish Kumar on Wednesday lamented that a section of people start "chanting" 'Jungle Raj' after every incident of crime in the state and said the government has decided to set up a battalion for safeguarding banks and other such establishments.
The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
'The Centre and state need to take a unified approach and take concerted action before this matter assumes menacing proportions because unemployment, the drug trade and the levels of frustration among the youth make them vulnerable to any maverick who promises something better.'
Sebi has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange, its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the 'dark fibre' case.
Patel, whose company was responsible for the operation and maintenance of the bridge, surrendered before the court on January 31 after it issued an arrest warrant against him. He was later arrested by the police.
According to the recent report, IAF's Air Officer Commander at one of the stations was approached by the Reliance Infocomm for installation of a booster antenna within the station complex in May 2004 and the permission was granted by the concerned authorities. The company was asked to pay Rs 5,000 as rent and allied charges to the government, which was subsequently reduced to Rs 1,000 in September 2005.
Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.
"Commission maintains the position that they would not like to keep on being put in the dock for alleged proximity to any political entity," Deputy Election Commissioner in charge of West Bengal Sudeep Jain wrote to Banerjee.
The airline said it has filed a police complaint about the incident, but did not specify when the 30-day ban came into effect.
Protesting wrestlers, including Vinesh Phogat, Sakshi Malik and Bajrang Punia, were detained by Delhi Police on Sunday after they breached the security cordon while trying to move towards the new Parliament building, where a women's Mahapanchayat was planned for the day.
Haryana Deputy Chief Minister Dushyant Chautala on Tuesday indicated that there were shortcomings by the administration in assessing the situation in Nuh, where a communal violence erupted on July 31 during a religious procession.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
BJP workers were chased and thrashed by the police and it was only when all of them gathered and staged a sit-in outside the local police station that top officers reached the spot.
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Singh said he had worked as prime minister for 10 years and had always preferred that his work should speak for itself.
Mounting an all out attack against the Nitish Kumar government, senior Bharatiya Janata Party leader Sushil Kumar Modi on Monday began a 24-hour fast in Patna to protest against the police firing in Bagaha and the serial blasts in Bodh Gaya "due to security lapses".
Security forces took out flag marches at several places including Ferozepur, Bathinda, Rupnagar, Faridkot, Batala, Fazilka, Hoshiarpur, Gurdaspur, Moga and Jalandhar in a show of strength.
Investigations are on to find out how a person who is not a regular police employee was entrusted with driving the pilot car in the motorcade.
In a major development in the Morbi bridge collapse case in Gujarat, the additional public prosecutor in the case disclosed that one of the accused managers of Oreva, the company responsible for the bridge's maintenance, cited "act of god" in court as a reason for the tragic mishap.
According to sources familiar with the development, Sebi has decided to make references to the Ministry of Corporate Affairs and the Department of Revenue, citing violations of the Acts these bodies govern.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
The Congress sought her intervention in helping bring normalcy in violence-hit Manipur, and called for the constitution of a high-level inquiry commission headed by a serving or retired Supreme Court judge to probe the incident.
In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
Defence Minister Manohar Parrikar on Monday appeared to give credit to "RSS teaching" for the decision to launch cross-Line of Control surgical strikes even as he slammed those seeking proof for the Indian Army's anti-terror operation in the Pakistan-occupied Kashmir.
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