'Trading holidays in times of current uncertainty created by Coronavirus are going to add fuel to the fire of volatility, impacting the market volume and turnover,' an expert says.
The move to tighten disclosure norms will ensure better transparency, says the market regulator.
Following reports of whistleblower allegations on Monday, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices.
The regulator may also summon the company's top management and others.
'Paan Ki Dukaan has apparently done well and continues to do well; it is financially sound; it is well run and managed by a competent set of managers.' Indigo Airways promoter and co-founder Rahul Bhatia said in a statement.
The differences within India's largest airline have been brewing from the past one year but they took a nasty turn after promoter Rakesh Gangwal has reached out to market regulator Sebi to intervene and settle the matter.
On Friday, passing an order, the Securities and Exchange Board of India (Sebi) had barred NDTV Ltd's three promoters from the capital markets for two years.
The order comes after the regulator examined multiple disclosure lapses by NDTV, and noted non-compliance with the Substantial Acquisition of Shares and Takeover (SAST) Regulations.
Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling by a massive 52 per cent. At 1.41 p.m, Jet's stocks were trading at Rs 38.05 per share, down Rs 30.25 or 44.29 per cent.
SEBI has bared NDTV’s three key promoters -- Prannoy Roy, Radhika Roy and their holding firm -- from the capital markets for two years.
Also, Prannoy Roy and Radhika Roy have been prevented from holding any management posts in the organisation for a period of two years.
Sebi said a detailed investigation of the entire scheme employed is necessary to find out the role of each entity in the alleged routing of funds.
The Reserve Bank's statement has come after domestic bourses witnessed sudden mid-session plunge last Friday.
The group had on on April 19 told the court that they would sell a parcel of the Aamby Valley properties and deposit the amount in the account by May 15 since auctioning would not fetch the desired price.
Sebi imposed penalty of Rs 10 lakh on NDTV and Rs 3 lakh each on Prannoy Roy, Radhika Roy, Vikramaditya Chandra (group CEO at that time) and Anoop Singh Juneja (compliance officer).
Sebi noted that the order would not impact audit assignments relating to the financial year 2017-18 undertaken by the firms forming part of the PW network.
Currently, bitcoins and any such crypto currencies, are not an approved product by the Reserve Bank or any other regulator.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.