Wednesday, May 15
Slamming the Western media over the "negative" coverage of Indian elections, External Affairs Minister S Jaishankar said that the countries which "have to go to court for deciding election results" are giving "gyan" on conducting polls.Taking a swipe, he said the Western countries "feel" they have influenced the world for the last 200 years, so they are not able to give up their "old habits so easily."The EAM was speaking at an interaction after the launch of the Bangla edition of his book 'Why Bharat Matters' in Kolkata on Tuesday. "They (Western countries) do want to influence us because many of these countries feel that they have influenced this world for the last 70-80 years...Western countries actually feel that they influenced the world for the last 200 years. How do you expect for s
Mumbai: Sixteen domestic mutual funds, which held shares of ICICI Securities, voted in favour of parent ICICI Bank's proposal to delist the broking arm, according to data compiled by primeinfobase.com. Seven fund houses opposed the plan in the voting process held on March 27, the data showed.The terms of the proposal were controversial with a section of the shareholders opposing it. However, a majority of ICICI Securities' public shareholders favoured the delisting in the voting process.Mutual funds, including Kotak, Mahindra Manulife, Samco, Quantum, ITI, LIC and Baroda BNP, voted against the resolution. Asset management companies which voted in favour, were UTI, Axis, Aditya Birla, HDFC, ICICI Prudential, Nippon, Mirae Asset, DSP, SBI, Sundaram, Bandhan, and NJ, among others.110131385The
The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max crashes that killed 346 people approximately five years ago.Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas.Boeing told AFP "we believe that we have honored the terms of that agreement" and said that it plans to defend itself.US officials said in their letter that Boeing breached its obligations under a deferred prosecution agreement (DFA) by "failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of the US fraud laws throughout its operations."Such a breach would mean Boeing can be prosecuted for any violation of fed
Mumbai: Finance minister Nirmala Sitharaman on Tuesday said unchecked trading by individuals in the futures & options (F&O) segment could trigger challenges for the market. "Any unchecked explosion in retail trading of futures and options can create future challenges, not just for the markets, but for investor sentiment and household finances," Sitharaman said at an event organised by BSE. She appealed to stock exchanges to work closely with market regulator Sebi to ensure stringent compliance and robust regulatory standards so that investor confidence grows further. "Household finances have made a generational shift... We want to ensure that's not going to be shattered," Sitharaman said addressing the 'Viksit Bharat 2047' event here. Both the BSE and NSE should ensure market stabi
