MUMBAI: Sebi is proposing to issue all shares in demat mode in case a company splits or consolidates the face value of its shares. The regulator is also proposing to issue demat shares in case of corporate restructuring.The inherent benefits of demated shares, mainly elimination of risks associated with physical certificates that is loss, theft, …
NEW DELHI: In a move to spur innovation, pharma and med-tech sectors have sought a 10% allocation of the National Research Fund and reinstatement of 200% weighted deductions for R&D expenditure in the Budget, even as it awaits implementation of Rs 5,000 crore research scheme.The National Research Fund or Anusandhan National Research Foundation with a …
US House passes bill barring transgender athletes from women’s sports teams (Picture credit: AP) The US House of Representatives on Tuesday approved legislation that would prohibit federal funding for K-12 schools that allow transgender students to participate in women’s sports teams. The bill, which passed largely along party lines with a vote of 218-206, faces …
MUMBAI: RBI has redistributed portfolios among its deputy governors following the retirement of Michael Patra on Tuesday. Govt is interviewing economists as candidates for Patra’s successor, with RBI executive director Rajiv Ranjan reportedly in contention. Patra, who joined RBI in 1985, was named deputy governor on Jan 14, 2020, for a three-year term, succeeding Viral …
Joe Biden (Picture credit: AP) US President Joe Biden has informed Congress of his plan to remove Cuba from the US list of state sponsors of terrorism. The White House announced that this decision was part of a deal brokered by the Catholic Church to release political prisoners in Cuba.Senior US administration officials, speaking anonymously, …
John Michael Murdoch and Oregon Health & Science University (Picture credit: NYP) An Oregon cancer patient’s wife has filed a lawsuit against the hospital and doctor, alleging her ‘awake’ husband’s face caught on fire, leaving him permanently disfigured while undergoing a surgery at Oregon Health & Science University as part of his treatment.In December 2022, …
Negotiators met in Qatar on Tuesday hoping to hammer out final details of a ceasefire in Gaza, with mediators and the warring sides all describing a deal as closer than ever. More than six hours after talks began there was still no word on an outcome.Qatar’s foreign ministry spokesperson told a news conference that talks …
The British minister responsible for financial services and fighting corruption resigned on Tuesday after weeks of questions over her financial ties to her aunt Sheikh Hasina, ousted last year as PM of Bangladesh. Tulip Siddiq, 42, had repeatedly denied any wrongdoing and PM Keir Starmer said last week he had full confidence in her.The resignation …
Hegseth was grilled by Tim Kaine over his past relationships. Democrat Senator Tim Kaine refused to budge and kept on grilling Pete Hegseth, the defense secretary pick of the incoming administration — at the confirmation hearing. As Kaine pressed him about ‘cheating on’ his second wife and then asked him whether he physically assaulted any …
US President-elect Donald Trump’s interest in acquiring Greenland, an autonomous territory of Denmark, has raised questions about the island’s value. According to David Barker, a real estate developer and former economist at the New York Federal Reserve, the potential price for Greenland could range from $12.5 billion to as high as $77 billion. This estimate, …