Saturday, October 17
Jan Suraaj Party founder Prashant Kishor on Monday announced that former BJP MP Uday Singh has been unanimously chosen as its first national president. Addressing a press conference here, Kishor said he will now concentrate on public outreach, delegating the responsibility of running the organisation to the likes of Uday Singh, and RCP Singh, who had joined the party on Sunday. "I can now resume my 'padayatra' in Bihar from tomorrow," he said. Kishor also asserted that Uday Singh, known to be providing logistical support to the party, was "chosen, not by a mere majority, but unanimously" by a committee set up for the purpose. Floated on October 2 last year, Jan Suraaj Party had since been functioning without a full fledged president. While Kishor has made it clear that he would not keep an
Mumbai: Investment firm Aequitas has flagged growing concerns around stretched equity valuations in India. The asset manager, run by Siddhartha Bhaiya, pointed out that the earnings yield - often used by institutional investors to measure equities' risk-reward versus bonds - on the Nifty has fallen below the post-tax return on 10-year government securities."Today, from a 10-year perspective, at current yields, equities are yielding lower than fixed income," said Aequitas in a note. "With key indicators flashing red - slowing earnings, softening demand, and promoter exits - the risks of capital erosion have grown significantly."Earnings yield is the inverse of the price-to-earnings (P/E) ratio - a popular measure to evaluate valuations of an index or stock. Earnings Yield shows whether equi
Mumbai: Shikha Gupta, whose name was cleared by the board of the Securities and Exchange Board of India (Sebi) for the post of executive director during former chairperson Madhabi Puri Buch's tenure, has decided against joining the regulator in a rare instance of an approved candidate opting out of the senior role.After accepting Sebi's offer and indicating to the regulator that she would join the organisation in March, Gupta, a former tax director at Hindustan Unilever, conveyed her inability to take up the assignment, said sources. The regulator is likely to start the search process again for the post of executive director, sources said. Queries sent to Sebi and Gupta remained unanswered.Her appointment was controversial as she was associated with Hindustan Unilever (HUL), where the form
