Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings. The board of Sebi, which met on Tuesday, also gave its nod for amending Foreign Portfolio Investor (FPI) regulations and introducing a provision for appointment or re-appointment of any person, including as a managing director or a whole time director or a manager, who was earlier rejected by the shareholders at a general meeting. Once the amended norms are in place, such appointments or re-appointments can only be done with the prior approval of the shareholders.
All the officials, suspended with immediate effect, have been charged with "failure to take adequate legal action" with regard to "assault.
Michel may prove to be the missing link in the money trail in the alleged multi-crore scam being probed by the CBI.
Will the Puneesh-Bandagi love story finally end?
The former board member of Aeromatrix, which was allegedly used to route bribe amount, denied the payments were part of kick backs to clinch the deal.
Liam Livingstone and Evin Lewis's explosive batting will meet its match in Chris Gayle's power and KL Rahul's finesse when Rajasthan Royals lock horns with Punjab Kings to improve upon their mid-table position in the Indian Premier League in Dubai on Tuesday.
In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of chairperson and managing director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently saying the regulator should hear if Indian companies have a view on the matter even as she made it clear that she was not "giving a diktat". The top-500 listed entities were required to split the roles of chairperson and managing director/chief executive officer before the April 2022 deadline.
The 10 IPL franchises have so far spent above Rs 388 crore collectively
India have time and again showed at the junior level the gulf that exists between them and other teams
The Curran-Rayudu partnership for the third wicket put the brakes on the CSK innings in the middle overs, as they could add just 27 runs from 26 balls before both fell in quick succession.
Pucovski was ruled out after suffering a concussion in the first warm-up game between Australia A and India A.
Gopalkrishna Gandhi also called up Kumar to say thanks.
Hitting back at Rahul Gandhi, the JD-U spokesperson accused him of "not being serious" in fighting corruption.
Just a day after actress-model Gauhar Khan was slapped for wearing 'skimpy' clothes, a Hindu Mahasabha leader has sparked another controversy over his demand that actresses performing item numbers in films should be branded as prostitutes.
US e-commerce giant Amazon has written to Ajay Tyagi, chairman of market regulator Securities and Exchange Board of India (Sebi), to take action as is necessary to comply with the Supreme Court Judgment, related to the $3.4-billion merger deal between Future Group and Reliance. Amazon has requested Sebi to direct the Indian stock exchanges to withdraw the Observation Letters related to this deal with immediate effect. In January this year, Sebi had given a go-ahead onto Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore ($3.4 billion) deal.
A source said that the transfer is a "tripartite agreement" between Oppo, Byju's and the BCCI and will be signed on Thursday.
Opener Yashasvi Jaiswal's 92 and left-arm spinner Siddharth Desai's four-wicket haul ensured an easy 51-run win for India against Afghanistan in an U-19 Asia Cup encounter, in Dhaka, on Tuesday.
Rajasthan Royals may need to rejig their Indian line-up slightly when they try to pull their IPL campaign out of the current rot against a supremely confident Mumbai Indians,
The 13th edition of the U-19 World Cup will be played among 16 teams, split into four groups.
Bollywood director Subhash Kapoor, who was accused of molesting actress Geetika Tyagi at her residence in suburban Versova, was arrested on Monday in the case, police said.
Royals' new Director of Cricket Kumar Sangakkara is confident that the team's young Indian fast bowlers will rise to the challenge in this year's Indian Premier League.
Party said it will take action against Sharad Yadav if he attends Lalu Yadav's August 27 rally.
Pati Patni Aur Woh cannot decide whether it wants to be the climax of a Priyadarshan comedy or give the cad a dose of his own medicine brand of cheeky payback, writes Sukanya Verma.
The move effectively makes him the second most powerful person in the party.
The smart and stylish actor reveals how she's spending time in the lockdown productively.
Team India's throwdown specialist D Raghavendra has skipped travelling to the UAE with the rest of the support staff as he has tested positive for COVID-19.
A global association for regulated funds that is leading efforts to shorten the settlement cycle for US equities has reached out to the Securities and Exchange Board of India (Sebi) with a plea to extend the T+1 implementation timeline by 18 months. The short transition period of four months does not provide foreign portfolio investors (FPIs), their services providers, and broker dealers sufficient time to make the necessary operational and compliance changes to accommodate a shorter settlement cycle, ICI Global said in its letter addressed to Sebi chairman Ajay Tyagi written a few days back. ICI Global carries out the international work of the Investment Company Institute (ICI), a global association for regulated funds, whose members manage assets of more than $42 trillion.
Images from Sunday's Indian Premier League match between Mumbai Indians and Rajasthan Royals in Abu Dhabi.
While SRH can't afford to slip up even one bit with five games remaining, RR would be hoping to continue the winning momentum and hope that their foreign recruits continue in good nick like they did in the match against CSK.
Flavour of the season Rahul Tewatia didn't prove to be third time lucky in what turned out to be an incredible death overs performance by the Delhi Capitals pace attack in their 13-run victory against Rajasthan Royals in the IPL match, in Dubai, on Wednesday.
Ganpati celebrations are on in full swing!
They were trying to board the Delhi-Agra Intercity Express from the 'non-platform side'.
Rohith's mother and brother raised the demand for enactment of Rohith Act during the ongoing Parliament session to prevent discrimination and institutional atrocities towards Dalits, tribals and marginalised sections at the educational institutions.
Two-time champions Kolkata Knight Riders would strive for a handsome win over struggling Rajasthan Royals in their last round-robin game to stay ahead in the IPL play-offs race in Sharjah on Thursday.
"My first reaction is shock... How can anybody say this, on what basis?" Tyagi told NDTV when asked whether he was involved in the VVIP chopper scam.
Terming coronavirus as a big health crisis before humanity, Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday said the only way to break the chain of transmission and contain COVID-19 cases is for people to 'close down everything' till May 15.
Several members of the group, 'Hindu Yuva Vahini', tried entering the village but were stopped by the police in view of the prohibitory orders.
A complete list of players, who failed to attract any bid in the IPL 2021
Both KXIP and the Royals would look to build a winning momentum after starting the tournament as underdogs.
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