Narayana Murthy to head panel on startup funding platform
Posted on 23rd May 2015 |
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| Capital markets regulator Securities and Exchange Board of India (Sebi) named Infosys founder N R Narayana Murthy to head a panel to devise rules on a new funding platform for homegrown start-ups, it said on its website. In March, Sebi had announced an alternative investment platform targeted at the country's start-ups, relaxing requirements to encourage them to list at home. Murthy's alternative investment policy advisory panel will devise policy and rules for the platform, and is modelled after other panels that advise Sebi. The regulator released the details on its site. Rules have made start-up listings difficult in India, where rules restrict, for example, early exits of original shareholders. Reuters reported this year that Sebi has been working to change the rules to make listing on Indian exchanges easier for homegrown start-ups, at a time when large e-commerce players such as Flipkart are said to be considering an Initial Public Offering on US exchanges. The 18-member panel includes some of India's best-known private equity and venture capitalists, including KKR India chief executive Sanjay Nayar, Piramal Group Chairman Ajay Piramal and Devinjit Singh, managing director of the Carlyle Group India. Others include Saurabh Srivastava, who founded start-up incubator Indian Angel Network, and Sebi, RBI and the finance ministry representatives. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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