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Sebi for overhaul of board governance at listed firms

Monday, 27 Feb 2017 | PTI | New Delhi

Regulator Sebi is in favour of a major overhaul of the way boards of listed firms discharge their duties, including for appointment and removal of directors, and also wants their audit committee to be empowered to identify future risks. There is also a need for “greater tolerance” and enhanced transparency...

5 major telcos optimum for Indian mkt: Telecom Secretary

Monday, 27 Feb 2017 | PTI | Barcelona

The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring “enough competition but not fragmentation of spectrum”, Telecom Secretary JS Deepak said. His comments assume significance as India -- the world’s second largest mobile services market after China -- is in the...

COAI exececutive committee to discuss industry’s financial fortunes

Monday, 27 Feb 2017 | PTI | Barcelona

The executive committee meeting of the cellular operators association (COAI), scheduled for March 17, is likely to discuss the issue of the deteriorating financial health of the industry. The industry body is also planning to commission a third-party analysis on the financial health of the Indian telecom industry, which is facing...

Democracy liberal enough in UK for defaulters to stay, says Arun Jaitley

Monday, 27 Feb 2017 | PTI | London

Finance Minister Arun Jaitley has said democracy is liberal enough in the UK to permit defaulters to stay here and that “normal” needs to be cracked, in an apparent reference to liquor baron Vijay Mallya, who is wanted in India for loan default and other cases. Referring to loan default as...

Vishvaraj Infrastructure Ltd pitching for reuse of sewage water in NTPCs

Monday, 27 Feb 2017 | MADHUSUDAN SAHOO | NAGPUR

Anticipating prospective tenders for water supply, sewerage treatment and urban solid waste following the upcoming Smart Citiesprojects in the country, Nagpur-based infrastructure major Vishvaraj Infrastructure Ltd, is pitching for reuse of sewage water in most of the State-owned National Thermal Power Corporations (NTPCs) in India. However, the company said, the...

HSBC discloses tax evasion probes in India, other countries

Monday, 27 Feb 2017 | PTI | London/New Delhi

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families. Besides, the bank has been approached by the regulatory and law enforcement agencies of various countries...

RBI to frame standard procedure for FDI approvals post FIPB

Monday, 27 Feb 2017 | PTI | NEW DELHI:

The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out FIPB. The proposal for setting up norms for foreign direct investment (FDI) approvals in sensitive sectors, which are currently under Government approval of the FDI...

Odisha Govt withdraws tax sops to IOC’s Paradip refinery

Monday, 27 Feb 2017 | PTI | New Delhi

In a big jolt to Indian Oil, the Odisha Government has withdrawn tax incentives given to the Rs 34,555-crore Paradip refinery, making the company reconsider its plans to invest another Rs 52,000 crore in the state. Less than two months after serving the first show-cause notice, the Odisha Government on February...

BJP good show in polls behind Odisha taking back IOC sops: Pradhan

Monday, 27 Feb 2017 | PTI | Bhubaneswar

Union Petroleum Minister Dharmendra Pradhan on Sunay said BJD’s anger against BJP for its surge in the Panchayat elections was the reason behind Odisha government’s roll back of tax sops to IOCL’s Paradip refinery. “The BJD Government should not harm the state’s interest by withdrawing interest-free credit for 11 years to...

HSBC’s India headcount rises by 4,000 despite global drop

Monday, 27 Feb 2017 | PTI | London/New Delhi

UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons. India figures as the second-biggest among HSBC’s “main centres of employment” after the UK where the banking giant had approximately 45,000 employees at...

Sunday Edition

Trump's card for India

26 Feb 2017 | Gopalan Balachandran

There is no hurry to form a judgement on Trump right away. Both President Trump and PM Modi share some traits — not all are complimentary...

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STATE EDITIONS

High time Block Grant replaced with GIA

27 Feb 2017 | SRIKANTA K TRIPATHY | Bhubaneswar

The Block Grant teachers have threatened to take to streets once again in March and are planning to intensify their agitation by various means, including boycott of evaluation of answer scripts. The Block Grant teachers in the high schools had boycotted the PRI election over the Government’s apathy towards their demand for suitable salary...

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SOUNDBITE

She (Mayawati) can enter into an understanding with the BJP anytime. Actually she is helping the BJP. One must be careful.

Uttar Pradesh CM | Akhilesh Yadav

Look at the vast range of roles portrayed by Julia Roberts, Meryl Streep or Halley Berry. Their works are my inspiration.

Bengali actor | Rituparna Sengupta

You look at what's happening in Germany, you look at what happened in Sweden. They took in large numbers (immigrants).

US President | Donald Trump
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