Budget 2020

ACT Grants eyes fund to solve societal issues

ACT Grants, a non-profit alliance of more than 100 volunteers from start-ups and VCs, is raising ₹500 crore to back ideas that can help utilise the ‘start-up energy’ to solve issues related to healthcare, environment, education, and women empowerment. The alliance had come together last year to set up a ₹100-crore fund to combat the […]

Budget 2020

Reserve Bank issues rules for HFCs

The RBI on Wednesday issued directives to housing finance companies (HFCs) on maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio. It said the directions, took immediate effect and were aimed at protecting the interests of investors and depositors. “All non-deposit taking HFCs with asset size of ₹100 crore and above and […]

Sports

BCCI Ethics Officer issues notice to Rajeev Shukla on ‘conflict of interest’ complaint

BCCI Ethics officer D K Jain on Thursday sent out a notice to newly-elected vice president of the board, Rajeev Shukla after a “conflict of interest” complaint was made against the veteran cricket administrator. Jain has given Shukla and the BCCI two weeks time to file their response in the matter. “A complaint has been […]

Budget 2020

CBDT issues protocols in case of treaty-exchanged data breach

The Central Board of Direct Taxes has issued protocols to be followed by the income tax department in case of breach of data exchanged under tax treaties. A breach management task force constituted under the Information Security Committee will identify the source, contain the immediate impact by removing the attackers’ access to the system. The […]

Sports

‘Maybe it is the stress…’: Former teammates shocked about ‘fit’ Sourav Ganguly’s heart issues

On the evening of December 30, Sourav Ganguly walked into the Eden Gardens, where the Bengal team’s practice session was underway. The BCCI president had just walked out of the state cricket board’s annual meeting and decided to drop in at the ground that had made him. Saurasish Lahiri, Ganguly’s one-time Bengal teammate and the […]

Sports

BCCI ethics officer issues notice to N Srinivasan’s daughter Rupa Gurunath

By: Express News Service | Updated: December 11, 2020 8:03:07 am Rupa Gurunath is currently holding the Tamil Nadu Cricket Association (TNCA) president post. (FILE) The BCCI ethics officer Justice (Retd) DK Jain has served a notice to Tamil Nadu Cricket Association (TNCA) president Rupa Gurunath on alleged ‘conflict of interest’. The notice has been […]

Budget 2020

SEBI moots easier dilution norms for large IPO issues

Markets regulator SEBI on Friday proposed to reduce the minimum offer size in an initial share sale, whereby companies with a post-issue capital of above ₹10,000 crore would be required to offer at least 5% stake in IPO. At present, all companies with a post-issue capital above ₹4,000 crore are compulsorily required to dilute at […]