Mumbai: SEBI on Friday notified new takeover rule under which an entity buying 25 per cent stake in a listed firm will have to mandatorily make an open offer to buy an additional 26 per cent shares from public. The new norms will be applicable 30 days from notification. The new norms mark an increase in the open offer size for public shareholders from 20 per cent currently. Also the...
08:11 PM, Sep 23, 2011
New Delhi: Country's largest bank SBI has breached RBI's credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries (RIL). The public sector lender, which also has significant exposures to troubled Air India besides certain telecom firms being probed in relation to the 2G scam, has now disclosed that its credit to RIL was in excess of the limits prescribed under the...
04:00 PM, Jun 10, 2011
New Delhi: From ordering the demolition of the Adarsh society for flouting coastal laws to stopping the controversial Vedanta project in Orissa, Environment Minister Jairam Ramesh has been hailed for his pro-active role in stopping projects. But it seems in recent times the Environment Minister has had a change of heart. Some of the projects cleared by him in last six months include, Rs 54,000 crore Posco project in Orissa,...
10:00 PM, May 06, 2011
Current rules do not allow one company to hold 10 per cent or more in two competing operators. ...
01:57 PM, Apr 11, 2011
New Delhi: Merger and acquisition guidelines in India's crowded telecoms sector need to be liberal, Telecoms Minister Kapil Sibal said on Monday. India is overhauling its decade-old telecoms policy in a bid to make the world's second-largest market for mobile phone services more transparent after the sector was hit by a multi-billion-dollar telecoms licensing scandal. Current rules do not allow one company to hold 10 per cent or more in...
01:09 PM, Apr 11, 2011
New Delhi: Sources have told CNN-IBN that visa norms will be relaxed for Pakistani fans for the semi final match with India at Mohali. 5,000 visas have already been issued for various matches. After Thursday's thrilling win over Australia, Indian fans are looking forward to the semi-final clash with Pakistan in Mohali. Not to be left behind fans in Pakistan too want to watch that semi-final from the stands. The...
11:02 AM, Mar 25, 2011
New Delhi: Nira Radia phone calls, recorded for a Government probe, were leaked to the media, which led to uproar and loads of embarrassment. Even Amar Singh's phone calls were tapped based on a document with a lot of errors. Questions were also raised about safety of manual phone monitoring by service providers. If a new proposal from the Cabinet Committee on Security is implemented, things will change, and your...
05:55 PM, Feb 18, 2011
Mumbai: The Adarsh society scam has now become a symbol for all that is wrong with the implementation of Coastal Regulatory Zone laws in Mumbai, and while activists have welcomed all the action on Adarsh-related corruption, they hope it won't end there. Environmentalist Debi Goenka said, "It is an example that should have been set years ago, because there are many such buildings, some of which are even worse, where...
09:39 AM, Jan 22, 2011
Watch the discussion on what action can be taken against buildings violating CRZ norms, like Adarsh society. ...
10:58 PM, Jan 19, 2011
New Delhi: Vedanta Resources' bauxite mining project in Orissa's Niyamgiri hills will not be allowed unless the local tribal communities give their consent and village councils agree to the use of forest land for the project, a government panel said on Monday. The panel, investigating violations of the Forest Rights Act and environmental norms by the company in Kalahandi district, said that allowing mining in the area would shake the...
09:22 AM, Aug 17, 2010
Pakistanis, including Hindus, Sikhs and other minorities who have come to the country seeking Indian citizenship. ...
07:47 PM, Jun 10, 2010
The Ministry's move could solve Mumbai's fishermen housing crisis. ...
10:52 AM, Mar 14, 2010
With under-equipped fire stations, residents are left to their own devices if tragedy strikes. ...
04:31 PM, Mar 02, 2010
The state is now increasingly counting on public awareness and public donations. ...
01:58 PM, Mar 01, 2010
Krishna discouraged him from going public with his dissenting views. ...
12:48 AM, Dec 31, 2009
External Affairs Minister S M Krishna and the Home Ministry are not amused. ...
11:13 PM, Dec 28, 2009
Under KYC norms, banks required to verify customer's antecedents. ...
12:20 AM, Nov 14, 2009
Lights from jeeps were used to light up the runway. ...
10:31 PM, Oct 20, 2009
Watch: Tharoor tweets himself into trouble again ... 
