Language Settings
Select Website Language
newshunt
newshunt

Filters

Channels
Topics
Other Filters

Sebi tightens disclosures for top officials

Sebi's board has greenlit significant disclosure rule changes for its top brass, including public asset declarations for chairmen and whole-time members, aligning with conflict-of-interest committee recommendations. These officials will now be classified as 'insiders' with investment restrictions similar to employees. The regulator also approved netting benefits for foreign portfolio investors in equity trades.

Independent directors must act responsibly: Sebi chief

Sebi Chairman Tuhin Kanta Pandey emphasized that independent directors must act responsibly and avoid vague insinuations, following Atanu Chakraborty's resignation from HDFC Bank. Chakraborty cited "happenings and practices" not aligning with his values, leading to a significant drop in the bank's stock value. Pandey stressed the need for clear documentation of ethical concerns in meeting minutes.

Companies Act seeks to allow new exec compensation tools

Finance Minister Nirmala Sitharaman has introduced significant amendments to the Companies Act, aiming to decriminalize procedural defaults and boost flexibility in share buybacks. The proposed changes also introduce new executive compensation instruments and streamline merger processes. Special benches for the National Company Law Tribunal are planned, alongside relaxations for small companies regarding CSR requirements.

Upside risk to prices as West Asia simmers: RBI

India's economy shows resilience, but the Reserve Bank of India notes rising price risks. A severe global conflict in West Asia has disrupted oil and commodity markets, causing price surges and volatility. This geopolitical shock is impacting financial systems, leading to equity market sell-offs and pressure on emerging market currencies, including the Indian Rupee.