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MUMBAI: Markets regulator Sebi is working on multiple fronts to place a check on financial frauds that chip away at investor confidence. Unless the ecosystem moves beyond check-box compliance and arms investors with tools and information to hold corporate decision-makers accountable, that trust could falter, said Sebi chairman Tuhin Kanta Pandey."Circular transactions, round-tripping of funds, and diversion of shareholder money through complex multi-layered structures and misleading disclosures" are among tactics companies have used to circumvent regulation and exploit gaps in oversight, Pandey said. The result, he added, has been a serious erosion of confidence in market disclosures and governance standards. He was speaking at an ICAI event on Aug 1. Sebi's response has been to adopt a zero-tolerance stance, backed by a mix of regulatory tightening, enforcement, and investor education.
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Chennai: Chief minister M K Stalin wrote to Prime Minister Narendra Modi on Friday demanding immediate withdrawal of Union govt's decision to exempt mining of atomic, critical, and strategic minerals from public consultation."Public hearings are a mandatory safeguard for ecology, livelihoods and democracy. I urge you to roll back this memorandum and ensure that such important policy decisions are first discussed in Parliament and with the States," Stalin wrote. Voices of opposition against Union govt's move grew in TN with other parties and environmental outfits joining in.In his letter, Stali ...Read More >
Bengaluru: For millions of people, the sudden, sharp pain of tooth due to sensitivity can turn a sip of cold water into a jolt. Now, researchers at Indian Institute of Science (IISc), in collaboration with Bengaluru-based deep-tech startup Theranautilus, have engineered "CalBots" - magnetic nanobots that can seal the problem at its source.As per IISc, CalBots are 400-nanometre particles loaded with a calcium silicate-based bioceramic formula, designed to travel 500 micrometres deep inside dentinal tubules, the tiny tunnels in the tooth that lead to nerve endings. Guided by an external magnetic ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Chennai: Tamil Nadu Chief Minister M K Stalin on Friday wrote to Prime Minister Narendra Modi objecting to exemption from public consultation for atomic mining projects. He cited an Office Memorandum issued by the Impact Assessment Division of the Ministry of Environment, whereby all mining projects of atomic minerals notified in Part B and critical and strategic minerals notified in Part D of the First Schedule of the Mines and Minerals (Development and Regulation) Act have been exempted from the requirement of public consultation. The memorandum directed that all such projects shall be appr ...Read More >
Chennai, Sep 12 (PTI) Tamil Nadu Chief Minister M K Stalin on Friday urged the Centre to immediately withdraw the September 8 Office Memorandum exempting the requirement of public consultation for all mining projects of atomic minerals. Also, he reiterated Tamil Nadu's commitment to contributing to the nation's strategic and defence requirements, as has always been done in the past. The Office Memorandum (internal communication) was issued by the Environment Impact Assessment Division of the Ministry of Environment, Forest and Climate Change, dispensing with the requirement of public consult ...Read More >
Navi Mumbai: Raigad police beefed up security along the coastline after the Indian Coast Guard (ICG) Delhi informed the ICG at Murud in Raigad district that a suspicious 'Pakistani' fishing boat has been spotted in the Arabian Sea about 3 nautical miles near Korlai Fort in Murud taluka on Sunday around 9pm. However, after a police probe, it was learnt that it was not a boat but a fishing net buoy or floater, which is attached to a fishing boat to keep the net afloat. The buoy had accidentally detached from some fishing boat and drifted away about five months ago, said Raigad superintendent of ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax offices and submit proper documentation explaining their turnover and eligibility. It clarified that ...Read More >
Jaipur: The govt imposed a two-month ban on sand mining in rivers in the state, effective until the end of Aug. As in previous years, this seasonal restriction was implemented during the monsoon to protect riverbeds and aquatic ecosystems from erosion and long-term environmental damage caused by mining during heavy rains. During monsoon, rivers swell and become particularly vulnerable to disruption. Experts warn that mining during this period could lead to severe flooding, riverbank collapse, and permanent ecological degradation.As a result of the ban, sand prices are expected to surge. Trader ...Read More >
Tamil Nadu Chief Minister M.K. Stalin on Friday opposed the exemption of atomic mineral mining from public consultation and urged Prime Minister Narendra Modi to withdraw the office memorandum issued by the Union Ministry of Environment, Forest and Climate Change. Tamil Nadu's coastal districts are endowed with deposits of Rare Earth Elements embedded in beach sand systems, and these coasts are ecologically fragile and highly vulnerable, he said. "Policy changes of such significance must be del ...Read More >