(PTI) To deepen the bond markets, regulator Sebi today proposed a uniform methodology to determine pricing of non-traded and thinly traded non-convertible debt securities. The requirement of such a framework also assumes significance as large number of such investors belong to categories such as mutual funds, insurance companies and pension funds, which have a mandate of daily net asset value (NAV) with an exit facility at any point of time for their investors. This requires a reliable and accurate price of the outstanding securities on a daily basis. As per Sebi, the current practice of pricing of corporate bonds varies for different…
Author: Aruna Sharma
(LiveMint) After a four-hour long, post-midnight hearing on a Congress-JD(S) petition, the Supreme Court refused to stay BJP leader B.S. Yeddyurppa’s swearing-in as Karnataka chief minister at 9am today. The Supreme Court made it clear that the swearing-in and the government formation would be subject to its final order on the Congress-JD(S) petition before it. A three-judge bench, comprising justices A.K. Sikri, S.A. Bobde and Ashok Bhushan, directed that the letter sent by the Bharatiya Janata Party (BJP) to Karnataka governor Vajubhai Vala for forming the state government be placed before it. The bench posted the matter for further hearing at…
(PTI) India’s energy mix will be substantially complemented by renewable energy and the country is going to generate around 175 Gigawatt of energy from such sources, Minister of Petroleum and Natural Gas, Dharmendra Pradhan has said. He said India was a leading player in the renewable energy movement and has positioned itself in this arena in a short span of time. “We are going to generate around 175 Gigawatt of renewable energy on solar, wind, bio-CNG, bio-fuel to small hydro projects ie all the verticals and in the near future, India’s energy mix will be substantially complemented by renewable energy,” .Concluding…
(Tribune) Recent Kasauli shootout was a blot on the functioning of state police and efforts should be made to ensure that such incidences do not occur in the future, said Chief Minister Jai Ram Thakur while presiding over a review meeting of Home Department here on Tuesday.The Chief Minister said the state police should launch special awareness campaign regarding drug abuse, violations of Motor Vehicle Act and safety of women, helmets for two wheelers etc and come down heavily on drunken driving.He said black spots should be identified and rectified at the earliest. Effective working of women police stations should…
(ET) Indian Railways has lined up several projects worth at least Rs 40,000 crore to connect capital cities of five North Eastern states and areas bordering China, Myanmar and Bangladesh with the rest of the country. The national transporter is planning to construct the rail links to the capital cities of Manipur, Mizoram, Meghalaya, Sikkim and Nagaland in the next two years. The projects include laying over 1,500 km of rail lines and several engineering marvels such as India’s longest double decker rail-cum-road bridge, one of the longest tunnels in the country and the world’s tallest pillar-based rail bridge. India…
(Hindustan) ओएनजीसी के कई महत्वपूर्ण विभागों को दिल्ली शिफ्ट करने के विरोध में मंगलवार को ओएनजीसी कर्मचारियों ने प्रबंधन के खिलाफ जोरदार प्रदर्शन किया। इस दौरान इंटक के प्रदेश अध्यक्ष और पूर्व मंत्री हीरा सिंह बिष्ट ने आंदोलन की अगुवाई की। साथ ही प्रबंधन को चेतावनी दी कि यदि इस मुद्दे का जल्द हल नहीं ढूंढा जाता है तो इसके गंभीर परिणाम निकलेंगे। ओएनजीसी तेल भवन में मंगलवार दोपहर एक बजे के करीब बड़ी संख्या में ओएनजीसी कर्मचारी मुख्य गेट पर एकत्रित हुए। यहां प्रबंधन के खिलाफ नारेबाजी कर अपना रोष व्यक्त किया। इस दौरान ओएनजीसी स्टाफ यूनियन और ओएनजीसी…
(LiveMint) The board of state-owned Allahabad Bank on Tuesday divested its MD and CEO Usha Ananthasubramanian of all powers with immediate effect, following a directive from the finance ministry after she was named in the CBI’s chargesheet in PNB fraud case. Ananthasubramanian was the CMD of Punjab National Bank till May 2017. On Monday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB. The PNB had on Monday divested its two executive directors of all powers. “…the Board of Directors of the Bank in its meeting…
(Hindustan) राजधानी दिल्ली और एनसीआर में एक बार फिर मौसम में बदलाव देखने को मिला। बीती रात यानी मंगलवार-बुधवार रात करीब 3 बजे दिल्ली-एनसीआर में एक बार फिर तूफान आया। तेज तूफान की वजह से कई इलाकों में बिजली गुल हो गई। वहीं कई इलाकों में बारिश भी शुरू हुई। तेज आंधी तूफान के कारण कई जगह पेड़ टूटकर सड़क पर गिर पड़े। हालांकि, अभी तक किसी प्रकार के जानमाल के नुकसान की खबर नहीं है। मौसम विभाग ने अगले कुछ घंटे में दिल्ली के अधिकांश क्षेत्रों सहित राष्ट्रीय राजधानी क्षेत्र रोहतक, झज्जर, मानेसर, गुरूग्राम, नूह, बागपत, बड़ौत, मेरठ, सोनीपत, फरीदाबाद…
(ET) NITI Aayog, the government’s premier think tank, plans to hold the fourth meeting of its governing council next month to discuss the agenda for ‘New India 2022’ to expedite economic growth over the next four years. Prime Minister Narendra Modi, the chairman of the Aayog, is likely to chair the meeting, which is expected to be attended by key Union ministers and senior bureaucrats, people aware of the matter said. The Aayog has been working on the strategy document or development agenda for ‘New India 2022’ for a while. Earlier, it had planned to come out with three documents –…
Celebrations At BJP HQ After Victory In Karnataka Elections 2018