(PTI) In a relief to FPIs, markets regulator Sebi today extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel. The regulator, in April, had asked Category II and III foreign portfolio investors (FPIs) to provide list of their beneficial owner (BO) in a prescribed format within six months. Now, in a circular issued today, Securities and Exchange Board of India (Sebi) said it has extended the deadline to provide such list to December 31, 2018. The decision comes after Sebi received…
Author: Aruna Sharma
(ET) Talks between India and Iran over the rights to develop a gas field in the Islamic Republic have stalled in the wake of fresh US sanctions, people familiar with the matter said. A consortium of Indian state-owned oil companies, led by Oil & Natural Gas Corp, has been negotiating with Iran for two years for the development rights of Farzad B gas field it discovered in Iran a decade ago. The resurrection of sanctions prompted Indian companies to freeze the matter. Sanctions are a huge project execution risk because it would be hard to obtain finance and rope in oilfield…
(PTI) Prime Minister Narendra Modi on September 1 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said. “The launch of India Post Payments Bank has been rescheduled for September 1. The Prime Minister will launch,” a senior government official told PTI. The launch of India Post Payments Bank (IPPB) was recently rescheduled in the wake of seven-day national mourning declared after the demise of former Prime Minister Atal Bihari Vajpayee. Prime Minister Narendra Modi was to launch IPPB on August 21.…
Central assistance of Rs.500 crore, as announced by the Prime Minister Shri Narendra Modi, and Rs.100 crore, announced by the Union Home Minister Shri Rajnath Singh, for flood affected Kerala has been released to the Government of Kerala today. The National Crisis Management Committee (NCMC) met for the sixth time in a row today to review the rescue & relief operations in the state. Cabinet Secretary Shri PK Sinha, chaired the meeting. The Chief Secretary of Kerala participated in the meeting via video conference and informed that the situation is now improving by and large though there are some isolated…
(PTI) Bihar Governor Satya Pal Malik has been transferred to Jammu and Kashmir and he will replace N N Vohra, according to a Rashtrapati Bhavan communique today. Senior BJP leader Lal Ji Tandon has been appointed as the Governor of Bihar replacing Malik, and Satyadev Narayan Arya will be the new Governor of Haryana, it said. Baby Rani Maurya will be the new Governor of Uttarakhand, it said. Kaptan Singh Solanki, the Governor of Haryana, has been transferred to Tripura. Tripura Governor Tathagata Roy has been transferred to Meghalaya, it said. Ganga Prasad, the Governor of Meghalaya, has been transferred to Sikkim, it said.
(LiveMint) Delhi high court has agreed to hear a plea seeking damages from the operator of world’s largest biometric database for alleged failure to adopt adequate security measures that led to data leaks. A two-judge bench headed by Justice S. Ravindra Bhat of Delhi High Court has asked the Unique Identification Authority of India (UIDAI), which is providing digital ID to over a billion Indians based on their biometrics, to submit a written response to the petition filed by a law professor. The body has six weeks to reply and the court will hear the case next on 19 November. The government has…
(Hindustan) ई-कॉमर्स क्षेत्र में पैर पसारने की सोच रही रिलायंस ने दुनिया की दिग्गज ऑनलाइन रिटेल कंपनी अलीबाबा के साथ गठजोड़ का संकेत दिया है। फ्लिपकार्ट और वॉलमार्ट का सौदा पूरा होने के ठीक दो दिन बाद अगर यह सौदा होता है तो भारत के ऑनलाइन शॉपिंग बाजार में प्रतिस्पर्धा और तेज होगी और छोटे खिलाड़ियों का टिके रह पाना मुश्किल होगा। रिपोर्ट के मुताबिक, अलीबाबा रिलायंस रिटेल में 5-6 अरब डॉलर के निवेश के साथ करीब 50 प्रतिशत हिस्सेदारी पर बातचीत कर रही है, ताकि फ्लिपकार्ट और अमेजन को टक्कर दी जा सके। अलीबाबा के कार्यकारी प्रमुख जैक मा…
(BS) With industrial and infrastructure projects worth almost Rs 1.10 trillion in the pipeline, the Yogi Adityanath government is negotiating with multilateral finance agency Asian Development Bank (ADB) for a soft loan of Rs 13 billion to upgrade the state’s skill development infrastructure. On July 29, Prime Minster Narendra Modi had laid the foundation of projects worth over Rs 600 billion across different sectors in a high ticket event in Lucknow. Additional projects worth Rs 500 billion are in the pipeline and would soon witness a similar ‘ground breaking’ ceremony, Chief Minister Adityanath had announced. The state government wants to prepare a large pool of trained manpower for…
(TIE) With state-run oil marketing companies (OMCs) refusing to buy perpetually sick Biecco Lawrie Ltd, the Petroleum Ministry has decided to shut down the British-era company as it sees “no possibility” of its revival. This is in line with consultant KPMG’s report which ruled out revival or part revival as a feasible option, but said that “the option of sale should be explored first and subsequent to this evaluation, closure option may be looked at”. Ahead of the proposed closure, the ministry is seeking the approval of the Cabinet Committee of Economic Affairs for a budgetary support of Rs 153.26 crore…
(Tribune) A major portion of Lower Mall Road in Nainital caved in and slid into the Naini lake, disrupting traffic in the popular hill station in Uttarakhand.SDM Abhishek Ruhela said a 25-metre-long and two-metre-wide portion of the road collapsed into the lake on Saturday. However, it caused no harm to any vehicle or passerby, he added.Rain over the past few days in Nainital could be the cause for the cave in, officials said.The incident occurred at 5.30 pm prompting Ruhela, Tehsil Magistrate K K Arya and Circle Officer Vijay Thapa to rush to the site. Now Upper Mall Road is bearing all…