<p>At meeting held on 26 May 2021</p>The Board of Capital India Finance at its meeting held on 26 May 2021 has approved the appointment of Subash Chander Kalia (DIN: 00075644) as an Additional Director in the category of Independent Director of the Company with effect from 26 May 2021. The Board also approved the appointment of Vineet Kumar Saxena as a Chief Executive Officer of the 
Company with effect from 26 May 2021. <p><b><i>Powered by</i> Capital Market - Live News</b></p>

Board of Capital India Finance approves appointment of director and CEO

Capital Market Automatic

Sebi has barred three individuals from the securities market for two years and imposed penalty totalling Rs 90 lakh on them in a case pertaining to insider trading activities in the scrip of Zee Entertainment Enterprises Ltd (ZEEL).
The three individuals banned by the regulator -- Bijal Shah, Gopal Ritolia and Jatin Chawla -- have also been directed to pay the fine within 45 days.
In addition, Ritolia and Chawla have been directed to disgorge illegal gains to the tune of Rs 7.52 crore and Rs 2.09 crore respectively along with interest, the regulator said in its 152-page final order on Friday.
The case relates to insider trading activities by certain entities in the scrip of ZEEL, while in possession of unpublished price sensitive information (UPSI) pertaining to audited financial results of the media company for the quarter ended June 30, 2020 as well as launch of ZEEPLEX by the company on September 1, 2020.
Bijal Shah, who was head of the financial planning and analysis, strategy 

Sebi

Press Trust of India

This amounts to a ten-fold increase since 2016-17, when exports were Rs 1,521 crore

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Business Standard

The National Company Law Tribunal approved the plan for the Adani Group subsidiary to pay 14.85 billion rupees ($181 million) to financial creditors, the company said in a statement Saturday

Adani

Bloomberg

India's unemployment rose to a three-month high in March to 7.8 per cent as the country's labour markets deteriorated, according to data from the Centre for Monitoring Indian Economy (CMIE).
Unemployment rate in the country surged in December 2022 to 8.30 per cent but declined in January to 7.14 per cent. It edged up again in February to 7.45 per cent, the CMIE data released on Saturday showed.
During March, the unemployment rate in urban areas was at 8.4 per cent while in the rural areas it was at 7.5 per cent.
"India's labour markets deteriorated in March 2023. The unemployment rate increased from 7.5 per cent in February to 7.8 per cent in March. The effect of this is compounded by the simultaneous fall in the labour force participation rate, which fell from 39.9 per cent to 39.8 per cent," CMIE managing director Mahesh Vyas told PTI.
This led to a fall in the employment rate from 36.9 per cent in February to 36.7 per cent in March, Vyas said, adding that employment fell from 40

employment

Amid a diplomatic row following protests by secessionist groups near the Indian mission in London, Union commerce minister Piyush Goyal on Thursday said talks on a Free Trade Agreement with the UK are continuing.
Talks are "going on very well" with the UK, Goyal said, adding, "trade stands on its own legs".
The Union minister, however, made it clear that India will take into consideration a respect for her sovereignty and territorial integrity, and will not tolerate any interference in her Indian affairs.
India's Ministry of External Affairs summoned the senior-most British diplomat in New Delhi on a Sunday evening recently, over reports of some Khalistani elements pulling down the Indian flag at the Indian high commission in London during a protest. India has also responded by proposing or undertaking several actions, like reducing security at the British mission and constructing a public toilet there.
When asked about the impact of the ongoing events on the trade agreement, Goyal

Union Minister Piyush Goyal

Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war.
According to market analysts, it was a tumultuous year for the Indian equity market.
The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted.
Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks.
With just one day of trading left in the current fiscal, the BSE smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year.
In comparison, the BSE Sensex has declined 608.42 points or 1.03 per cent.
"Many factors contributed to the underperformance of the Indian stock market in FY23. The

bse, bombay stock exchange, stock market, markets

The domestic stainless steel demand is expected to grow at a compound annual growth rate (CAGR) of 9 per cent till 2024-25 financial year, according to Crisil Ratings.
The domestic demand for stainless steel was at 4 million tonnes (MT) in fiscal 2021-2022, the ratings agency said in a report on Thursday.
"Domestic demand for stainless steel is projected to log a healthy compound annual growth rate of 9 per cent in the three fiscals through 2025, double the 4.5 per cent pace of the past five fiscals," the Crisil Ratings report said.
The demand will be driven by increasing adoption of stainless steel in railways which is a focus area for government infrastructure spending, and rising application in the automobile and construction sectors.
The demand growth, in turn, will spur capacity additions.
However, the credit profiles of players are expected to remain comfortable, given stable profit levels and healthier balance sheets.
"Adoption of stainless steel is increasing because of i

Crisil

In FY24, cotton yarn prices are projected to fall almost 15 per cent due to a high base and subdued export demand. This is expected to hurt price realisation

Textile industry,

People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities

Adani Group, Adani

A Delhi court on Friday dismissed a bail plea of former deputy chief minister Manish Sisodia in the excise policy case lodged by the CBI.
Special Judge M K Nagpal dismissed Sisodia's plea.
On March 24, the Delhi court had reserved its order.
The agency on February 26 had arrested Sisodia in connection with alleged corruption in the formulation and implementation of the now-scrapped Delhi Excise Policy 2021-22.

Manish Sisodia

Investors in start-ups are waking up to the risk posed by marital discord

jobs

Even if 'China plus One' offers new labour-intensive opportunities, India's trading success may lie more in value-added exports, and spending on R&D and innovation will pave the way, writes T N Ninan

services exports

Mehta was seen entering the SFIO office before 11 AM

Of the 47 firms that together raised Rs 551 bn through QIPs in FY18 - the highest ever in financial year - eight PSBs, which have raised a combined Rs 271 bn, are now valued 21% lower at Rs 213 bn

Fitch has a BBB-, the lowest investment grade sovereign rating on India, with a stable outlook

Citibank's new home loan will be benchmarked to the three-month treasury-bill rate

Board of Capital India Finance approves appointment of director and CEO

In this section

All

Rs 127-bn scam: PNB MD Sunil Mehta appears before SFIO to record statement

30 of 47 firms that raised funds via QIP are trading below issue prices

India pitching for sovereign rating upgrade to Fitch: FinMin official

Citibank launches home loan product linked to an external benchmark

Latest_News__Native_InThisSection

read

shared

commented

Sebi bans 3 people for 2 yrs; fines Rs 90 lakh in ZEEL insider trading case

India's defence equipment exports reach Rs 16,000 crore this year

Adani Ports and SEZ Ltd completes acquisition of Karaikkal Port

Unemployment rate rises to 3-month high of 7.8% in March, says CMIE

MostPopular_Native_Ad_Read

Board of Capital India Finance approves appointment of director and CEO

Also Read

Board of Capital India Finance approves fund raising up to Rs 1000 cr

Harith Tharang launches Seed Calendar for a greener future

Board of Firstsource Solutions appoints director

Board of Stovec Industries approves change in directorate

Board of Morepen Laboratories approves preferential issue of 10.85 lakh equity shares

Board of Capital India Finance approves fund raising up to Rs 1000 cr

Zydus seeks DCGI permission to undertake clinical trial for ZRC-3308 for treatment of mild Covid-19

Newgen Software bags Indian patent for "Online Collaborative Signing of Documents"

TCS partners with VIAVI Solutions to accelerate disaggregated 5G RAN products

Thirumalai Chemicals appoints Ramya Bharathram as MD and CFO

In this section

All

read

shared

commented