PUBLIC ENTERPRISES SELECTION BOARD
Senior CPSE executives may get up to 100% hike
The government is considering a proposal to double the compensation of senior executives at central public sector enterprises (CPSEs) with a turnover exceeding Rs 100 crore. This aims to bridge the gap with the private sector and retain top talent. The increase, potentially up to 100%, would be performance-linked, focusing on asset monetisation, project speed, profit, and other benchmarks. The proposal may be presented to the Cabinet Committee of Economic Affairs before the upcoming budget presentation.
Ambuja Cements board approves merger of Adani Cementation with company
ACL has acquired land to set up 2.5 MTPA (million tonnes per annum) along with captive jetty at Amba River, Raigad (Maharashtra). Besides, it has commissioned 1.30 MTPA cement grinding capacity at Dahej, Gujarat in July 2023, where expansion is in progress for another 1.20 MTPA.
ED gets 7-day remand of 'kingpin' in 2022 JKSSB SI paper leak case
Yatin Yadav, the alleged kingpin in the 2022 JKSSB sub-inspector recruitment exam paper leak case, was remanded to seven-day Enforcement Directorate custody by a special court in Jammu. The case involves the cancellation of a selected list of candidates due to paper leak and malpractice. The ED is now investigating Yadav's alleged involvement in a scheme to access leaked papers for payments ranging from Rs 15 lakh to Rs 30 lakh.
FSIB to hold interview for SBI chairman's position on June 29
FSIB to conduct interviews for SBI Chairman selection. Three out of four MDs eligible. Khara's replacement to be chosen before his retirement.
IBBI proposes amendments to insolvency rules; seeks public comments
IBBI proposes amendments to enhance efficiency and reduce costs in the Insolvency Resolution Process for Corporates, seeking stakeholder inputs by July 10.
Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group
The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last year, triggering the so-called open offer requirement that allows them to buy more shares from public shareholders.
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Government seeks candidates for new chief at Indian Oil
The petroleum ministry recommended a tenure extension for SM Vaidya, but the prime minister's office rejected it. Speculation arises about Vaidya's future as his term nears an end.
Sebi asks Religare to file Burmans’ open offer plan
Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
Religare Board Seat Offered to Ex-Dabur Chairman Many Times, says chairperson Rashmi Saluja
Rashmi Saluja, a doctor by training, who joined Religare as an independent director in 2018 and became its chairperson next year, said that "Anand Burman along with Arjun Lamba met me but never discussed the open offer (proposal for the financial services company's shareholders). If they had any intention of informing me then they should have done it with a proper protocol by writing to the board."
Adani Enterprises approves Rs 16,600-cr QIP
On Monday, the board of group firm Adani Energy Solutions also approved raising up to Rs 12,500 crore through a QIP. The two companies will raise a total of Rs 29,100 crore or around $3.5 billion.
Adani Enterprises board approves Rs 16,600 crore fundraise via QIP
Following the Hindenburg crisis, the Adani Group is regaining momentum and transitioning back to a growth trajectory. Today, the board of Adani Enterprises has given the green light for a fundraising endeavor totaling Rs 16,600 crore through the Qualified Institutional Placement (QIP) route.
Adani Enterprises, Adani Energy Solutions to consider fund raising next week
Adani Enterprises and Adani Energy Solutions are planning to raise funds via equity through board meetings next week. Adani Enterprises previously raised Rs 12,500 crore through a QIP in May 2023.
Dabur's Burmans fire fresh salvo at Religare's Saluja
This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.
Colorbar looks to go public in three years
Speaking to ET, managing director Samir K Modi said Colorbar will touch Rs 1,000-crore revenue next fiscal and expand in international markets. The company currently owns and operates Colorbar, 24Seven, and Modicare brands.
Sebi plans tighter rules for listing of small businesses: Report
India's markets regulator and exchanges will tighten rules for public offers of small and medium enterprises (SMEs), according to two sources, after complaints of misuse of a separate listing platform introduced in 2012 to enable small businesses access the capital markets.
Google Wallet launched in India: Step-by-step guide on how to use it; how it is different from Google Pay explained
Google Wallet: This article is about how to use Google Wallet and how different is it from Google Pay. As per Google, this wallet can be used for various utility functions like storing Air India, Indigo Airlines flight boarding pass, PVR and INOX cinema tickets. Read here to know more.
Bet on PSUs only if bullish on India growth story; never in the short-term: Anand Sharma
Anand Sharma discusses the extensive impact of public sector enterprises in various sectors under government control, emphasizing the wide theme of PSU equity with a focus on power, oil, financials, logistics, metals, and mining. Sharma says , PSU equity fund is a thematic fund and should be a smaller part of any investors investable corpus.
Houses of those who tampered with recruitment exams raided, their properties seized: CM Adityanath
CM Adityanath said the overall perception of the state changes when the government works with honesty. "You must have seen that those who faced an identity crisis in the state earlier, proudly say today that they belong to Uttar Pradesh. The transformation has been facilitated by the government's decision-making process," he said.
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