Tyagi said Sebi is looking to resolve the NSE co-location matter “as quickly as possible. We are examining various issues and an inquiry is going on.”
The exchange said that it might take similar action against more such companies.
Bharti Telemedia had about 14 mn subscribers and nearly $550 mn in revenues during the 12-month period ended September 30.
Its latest stance marks a departure from its commitment in the Nairobi ministerial, where all WTO members had agreed to work towards finding a lasting solution to the issue by December 2017.
Analysts said the qualified institutional placement, combined with the capital the bank has raised through selling its stake in PNB Housing Finance earlier this month, will strengthen the bank’s capital adequacy ratio.
While the government’s target is to grow the share of manufacturing in GDP from around 15 per cent now to 25 per cent, the sector hasn’t picked up in recent years.
The announcement comes after the closure of the Rs 86,000 crore deal involving the sale of EOL by EEHL and OBML to Rosneft and a consortium led by Trafigura and UCP.
The court was hearing an appeal filed by Unitech Ltd challenging the NCLT order allowing the Center to take over the firm's management.
Realty, power and banking came under selling pressure.
Consumer food price index rises to 4.42%; manufacturing, consumer durables witness a slump.
Kionect is currently being piloted with over 1,000 micro-businesses in three of Nairobi’s informal settlements — Kibera, Kawangware and Kariobangi — in partnership with Kaskazi, a for-profit wholesaler and distributor.
The 10-year yield closed eight basis points (bps) higher on Monday compared with Friday’s closing level — recording the highest single-day surge since September.
Narrow banking, or safe banking, would restrict banks to holding liquid and safe government bonds. Loans would be made by other financial intermediaries.
Optimism surrounding blue-chip stocks was tempered by the fact that industrial production and retail inflation data are due later this week.
Speaking at the plenary session in Buenos Aires, commerce minister Suresh Prabhu sought a special safeguard mechanism (SSM) to protect farmers from unusual shocks delivered by cheaper imports.
It will also alert the concerned parties in case it detects any malicious activity. NIC helps government agencies build their digital presence.
Issuers of prepaid payment instruments (PPIs) are unhappy as they are treated as merchants liable to pay MDR.
Seek cut in corporate tax to 20%, levying long-term capital gains tax on equity, reduction in MAT.
Former SBI chairman Arundhati Bhattacharya said if promoters were allowed to regularise their accounts and bid, it would make them wilful defaulters.
As of September, retail AUM stood at Rs 4.68 lakh crore or 23% of the industry AUM.
Ben Gomes Google’s VP for Engineering and Search, explains how the depth of universal search and the context from Knowledge Graphs have helped to provide answers to people’s queries.
India will seek concrete work plans on a special safeguard mechanism (SSM) for developing countries to protect their farmers from a spurt in imports.
The seized mutual funds—of total worth of Rs 10.35 crore—belong to M/S Whitefield Chemtech Pvt Ltd, a company controlled by former IPL Chairman Chirayu Amin.
Kotak Mahindra Bank MD Uday Kotak wins Lifetime Achievement Award; Former SBI Chairman Arundhati Bhattacharya is Banker of the Year
FE's Best Banks Awards, the winners were picked by a high-powered jury chaired by S Ramadorai, helping them with the number work was the team from EY.
On a weekly basis, the Sensex gains 1.27%, while the Nifty advances 1.42%
Sources said the BJP-ruled states are unlikely to participate in the meeting because “there is a feeling that certain groups in the Committee were trying to create a block and to put the central government in a dock.”
The new policy is particularly aimed at facilitating ease of doing business, besides employment generation, as also establishing a new ‘Make in UP’ department to derive benefits from the ‘Make in India’ scheme.
Sebi said as per norms, while Tata Steel was required to make the disclosures in two working days, the firm did it belatedly only on July 2, 2012.
Sebi said commodity derivatives provide a new asset class to the investors, thereby may benefit them with effective portfolio diversification.
On Wednesday, the RBI fixed the MDR charges for small merchants with an annual turnover of up to Rs 20 lakh at 0.40 per cent with a cap of Rs 200 per transaction by debit cards through PoS machines or online transactions.
The FRDI Bill 2017 was tabled in the Lok Sabha in August, following which it was referred to the joint parliamentary committee.
Speaking at the fifth Express IT Awards, Amitabh Kant noted that robots and artificial intelligence were bringing benefits by improving productivity and lowering costs.
Power minister RK Singh said that most states participating in the conference agreed that electricity subsidies to needy consumers should only be passed on through the direct benefit transfer mechanism.
Currently, for private jet operators flying Indian registered aircraft outside the country, a precondition exists where obtaining DGCA's permission, called as “YA number”, is mandatory before each flight to ensure that the aircraft is suitable for operations.
FY18 inflow till Nov at Rs 110,791 crore; industry AUM at all-time high Rs 22.79L crore.