Search Results for: regulator

derc-hints-at-revision-of-power-tariff-congress-reacts

DERC hints at revision of power tariff, congress reacts

New Delhi, June 21 (ANI): The Delhi Electricity Regulatory Commission has hinted that it will revise electricity tariff in the city, which is still grappling with unprecedented power outages. DERC said that the electricity tariff could be increased in the city due to increase in the coal prices, which in turn had increased the cost of electricity production. Due to persistent pressure by the power distribution companies on the power regulator to increase the tariff, the hike could affect people across all the slabs. Jun 21, 2014
wildlife-regulator-africa-surpasses-asia-in-ivory-seizures

Wildlife regulator: Africa surpasses Asia in ivory seizures

Several African countries have made great strides in clamping down on ivory smuggling, with large seizures for the first time exceeding those made in prime destination Asia, UN wildlife regulator CITES said Friday. Duration: 00:51 Jun 14, 2014
bjp-leaders-rejoice-over-thumping-majority-humbled-by-voters-generosity

RBI, finance ministry talk contingency plan for May 16

Shimla, May 16 (ANI): RBI Chief Raghuram Rajan has stated that it is prepared to deal with any excessive volatility from election results to be unveiled on Friday. The RBI will also be ready to deal with any volatility in the rupee, Rajan said this during a news briefing in Shimla after discussing the contingency plans with the finance ministry and the stock market regulator. On inflation, Rajan said food prices were still a concern. May 16, 2014
A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
Sensex

SEBI 'Keeping Close Watch' after Shares Surge - Source

The Securities and Exchange Board of India (SEBI) is keeping a close watch on markets after shares rallied to record highs on speculation that exit polls would show the opposition Bharatiya Janata Party and its allies winning a majority in the election, a senior official with direct knowledge of the matter told Reuters. May 13, 2014
sc-rejects-sahara-chief-subrata-roys-bail-plea

SC rejects Sahara Chief Subrata Roy's bail plea

New Delhi, Mar 13 (ANI): The Supreme Court on Thursday refused interim bail to Sahara chief Subrata Roy and said the matter would next be heard on March 26. Sahara Chairman Subrata Roy, 65, was arrested on February 28 after failing to appear at a contempt hearing in the long-running legal battle between the unlisted group and the Indian securities regulator over repayment of billions of dollars to investors in outlawed bonds. Lawyers of Roy, argued that they had submitted a bail application demanding an answer on how could a person be sent to jail without his complete hearing. He also said that Roy was the chief of Sahara group but that didn’t mean that he had committed any crime. Mar 13, 2014
capt-gopinath-on-dgca-guidelines-about-giving-mps-vip-treatment

Capt Gopinath on DGCA guidelines about giving MPs VIP treatment

Bangalore, Jan 30 (ANI): Aviation regulator Directorate General of Civil Aviation has asked all airlines and airports to treat MPs as VIPs and adhere to the guidelines on protocol norms. DGCA has asked private airlines to offer special privileges to MPs including advance notice of flight delays, escorts, priority check-in, security, immigration clearances, lounge access and complimentary refreshments. Reacting over this Captain Gopinath, the founder of Air Deccan and AAP member said that it is an ill advised circular and DGCA should withdraw this. Jan 30, 2014
subrata-roy-challenges-indian-regulators-to-prove-legal-lapses-against-group

Subrata Roy challenges Indian regulators to prove legal lapses against group

Kolkata, Nov 30 (ANI): Chief of Sahara conglomerate, Subrata Roy has said that he is ready to face challenges posed by the entire country to come clean on the valuation of its properties or liabilities to government regulatory bodies. Addressing a conference in Kolkata, Roy said that he is ready to be hanged if anyone can prove the charges against his group. Often dubbed as a billionaire by the Indian media, the Sahara chief had earlier been locked in a battle with the market regulator, Securities and Exchange Board of India (SEBI), over a bond scheme that the apex court deemed to be illegal, and was ordered by the regulator to provide details of his personal assets and two Sahara companies. Earlier this week, the apex court had barred Roy from leaving the country. His group had also been forbidden from selling any of its properties till the time the group would provide necessary documents to SEBI. Nov 30, 2013
sebi-to-formulate-rules-for-disclosures-to-curb-errant-trading-uk-sinha

SEBI to formulate rules for disclosures to curb errant trading: UK Sinha

New Delhi, Oct 10 (ANI): The country's capital markets regulator, Securities and Exchange Board of India (SEBI) is all set to formulate a new set of rules vis-a-vis disclosures by listed companies to curb errant trading of scripts such as insider trading and over or under rated deals. SEBI Chairman UK Sinha stated this in New Delhi on Thursday. He was speaking to the mediapersons on the sidelines of an event hosted by the PHD Chamber of Commerce and Industry. India, at present does not have any formal rules meant for dealing with the annulment of trades. Instead, stock exchanges across the country have devised their own guidelines. Recently, the SEBI took several measures to protect the interest of the investors. Oct 10, 2013
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