Sebi mulls mandating additional disclosure for high-risk FPIs

Sebi mulls mandating additional disclosure for high-risk FPIs

New Delhi: To bring greater transparency in the Indian capital markets, Sebi on Wednesday came out with a proposal mandating enhanced disclosures from high-risk Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm. These proposals are aimed at preventing possible circumvention of minimum public shareholding (MPS) requirements and … Read more

Consumer assaults GESCOM engineer for asking him to pay electricity bills

Consumer assaults GESCOM engineer for asking him to pay electricity bills

An assistant engineer attached to Gulbarga Electricity Supply Company (GESCOM) was assaulted allegedly by a consumer for asking him to pay electricity dues of his residence and a dhaba at Aland town in Kalaburagi district on Wednesday. Waseem Saifan Sab, a resident of Sonargalli in Aland town, thrashed Siddaramappa Nimbalkar, an assistant engineer of GESCOM, … Read more

Adani to raise $3.5 bn from share sale in three group cos

Adani to raise $3.5 bn from share sale in three group cos

Billionaire Gautam Adani‘s conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd – the group’s flagship firm – and electricity transmission … Read more

Watch car fly off tow truck ramp on US motorway

Watch car fly off tow truck ramp on US motorway

Police bodycam footage shows the moment a driver drove up a tow truck ramp at full speed on a US highway, sending her vehicle flying through the air. While landing, the car crashed into another vehicle that was travelling in the same direction. Lowndes County Sheriff’s officers were already at the scene attending to a … Read more