New Delhi, Mar 30 (PTI) Seeking to put in place a stricter regulatory framework for collective investment schemes, markets watchdog Sebi has decided to enhance the net worth criteria and track record requirements for entities managing such schemes.The regulator has also approved changes to listing obligations and disclosure requirement regulations for simplification of procedure for [...]
The commerce ministry is studying the work of its three undertakings - MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said. On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all [...]
Bhubaneswar, Mar 29 (PTI) Despite the adverse impact of COVID-19 and natural disasters, Odisha is expected to grow by over 10 per cent in the current fiscal, but the Russia-Ukraine conflict could hit the state's economy, according to a survey report tabled in the assembly on Tuesday.The Odisha Economy Survey Report 2021-22 said the state [...]
Islamabad, Mar 29 (PTI) Pakistan Prime Minister Imran Khan spoke to Ukraine President Volodymyr Zelenskyy and underlined the need for a permanent end to the "military conflict" between Russia and Ukraine and finding a diplomatic solution to the issue that has adversely impacted the global economy. Prime Minister Khan received a phone call from Zelenskyy, [...]
New Delhi, Mar 29 (PTI) Union minister Rajeev Chandrasekhar on Tuesday urged women not to ignore any incident of online harassment but report the event either to the cyber police or to the platform where such an incident occurs. He said that the government has made strict laws to make intermediaries or the social media [...]
Bengaluru, Mar 29 (PTI) Karnataka Chief Minister Basavaraj Bommai on Tuesday said he wanted genuine investors from a spectrum of industries during the Global Investors' Meet scheduled from November 2 to 4. He said he wants action before the GIM starts where Karnataka should be able to showcase cleared projects to the investors so it [...]
New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said it has [...]
New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August 2021, the regulator had specified the manner of recording of charges by issuers and manner of monitoring by Debenture Trustees (DTs) and Credit Rating Agencies, among others. As the [...]
Mumbai, Mar 29 (PTI) Three-and-a-half years after the government asked banker Uday Kotak to head a new board to salvage the largest non-banking infra lender IL&FS that went belly up in October 2018, the management has announced the resolution of Rs 61,000 crore or 62 per cent of the Rs 99,355 crore the group with [...]
Mumbai, Mar 29 (PTI) Veteran banker Aditya Puri on Tuesday raised questions about Paytm's business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks. Puri, who led HDFC Bank from inception and made it into the largest in the private sector space by the [...]
