Sunday, September 13
Former India all-rounder Roger Binny turned 70 last month but with National Sports Bill getting passed in parliament on Tuesday, the 1983 World Cup hero would continue as the the BCCI president at least till the parent body's Annual General Meeting in September.Binny, if BCCI state unit members agree, can continue till 75 which is now the cut-off age for office bearers of National Sports Federations, whose global bodies don't have any specifically mentioned age clause, in this case the International Cricket Council."Roger will continue till board meeting in September. Whether he will get a fresh term depends on what members and other powerful people associated with the BCCI decide," a board source told PTI on conditions of anonymity.The BCCI will come under the purview of National Sports B
Securities and Exchange Board of India (Sebi) will further simplify regulations for foreign investors to encourage long-term capital flows into the country, the market regulator said in its annual report published on Tuesday.Last week, market regulator Sebi had proposed a single-window clearance and access to India's securities markets for overseas investors such as government-owned foreign investment firms, sovereign wealth funds and firms that pool funds from retail investors, who belong to the low-risk category.That could encourage greater foreign participation, the Sebi had said. The regulator will also undertake a comprehensive exercise to rationalise and optimise existing regulations this year, the annual report added.To ease the compliance burden, focus will be on identifying and re
Mumbai: PG Electroplast, an electronic manufacturing service provider, has been caught in a downward spiral of late in Mumbai trading as weaker-than-expected revenue guidance and first-quarter earnings have taken the shine off this once-favourite stock.The stock, owned by institutional investors, including the Government of Singapore, Norway's Sovereign Fund and Motilal Oswal Mutual Fund among others, plunged as much as 19% on Monday, before closing 12% lower at ₹514, taking its five-day loss tally to 35%.Brokerage Nuvama slashed its target price to ₹710 from ₹1,100 while retaining its rating at buy, following the June quarter results. JM Financial too reduced its target price to ₹790 from ₹960."Given significant RAC ( room air conditioner) inventories, PGEL would witness a very
“There are some who question the relevance of space activities in a developing nation. To us, there is no ambiguity of purpose.”When Dr Vikram Sarabhai uttered those words, India was yet to become the thriving contender for space that it is today. But words hold power. More so when one envisions a future many think is too far-fetched. That visionary, and India's father of space research, Dr Sarabhai, dared to imagine rockets launching from Indian soil not as a luxury, but as a necessity. A means to lift millions through technology, education, and communication.What started as a simple prototype, built within the humble confinements of a tiny outhouse in his Ahmedabad home, would soon take flight, inching India closer to a future once thought unimaginable.This is the story of how one dr
