NEW DELHI: Finance and corporate affairs minister Nirmala Sitharaman on Monday introduced fresh amendments to the Companies Act, which seeks to decriminalise several procedural defaults, provide flexibility in buyback of shares and recognise new instruments for executive compensation.The bill, which has been referred to a joint Parliamentary committee for examination, provides for allowing restricted stock…
MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets…
MUMBAI: Reserve Bank of India turned a net buyer of dollars in Jan, with net purchases of $2.5 billion, marking a sharp reversal from its heavy intervention as a seller in the previous month, according to the RBI Bulletin March 2026.Gross dollar sales declined to $25.5 billion in Jan from $28.4 billion in Dec, while…
MUMBAI: Reserve Bank of India said the outlook for prices has shifted due to upside risks, even as data shows sustained resilience of the Indian economy, and warned that a prolonged war would be detrimental to the broader global outlook.According to the State of the Economy report, there was a “drastic deterioration” in the global…
NE DELHI: Reflecting on the sharp increase in cybercrime against women and children over the years, a parliamentary committee has recommended that the govt should initiate structured and time-bound examination for formulation of a “comprehensive and gender-sensitive cybercrime legislation”.In its report on “Cyber Crimes and Cyber safety of Women” presented in Parliament on Monday, the…
ANAKAPLLI: Billionaire steel magnate Lakshmi Mittal on Monday launched his most ambitious greenfield project in India, breaking ground on a new steel plant in Andhra Pradesh. ArcelorMittal, where Mittal serves as chairman, will invest over Rs 70,000 crore to build an 8.2 million-tonne steel facility in Anakapalli.The move signals a renewed push into India, where…
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The Solana Foundation is making a new pitch to large institutions: privacy as a customizable feature, not a trade-off. In a report released on Monday by the foundation, “Privacy on Solana: A Full-Spectrum Approach for the Modern Enterprise,” the organization argued that the next phase of crypto adoption will depend less on transparency alone and…
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JAMMU: A committee of experts constituted by the University of Jammu to review the syllabus of MA Political Science course has recommended the dropping of Mohammad Ali Jinnah, Sir Syed Ahmad Khan and Mohammad Iqbal from the chapter on ‘Modern Indian Political Thought-Minorities and the Nation’.J&K minister Jal for Shakti, Javed Ahmed Rana, and a…
