News18 (India)
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Z-Plus Security Cover Of Lalu, Rabri Withdrawn; RJD Alleges Political Vendetta
The development comes days after the Bihar government directed Rabri Devi to vacate the official bungalow at 10 Circular Road.
๐ฎ๐ณ ์ธ๋ ยท "CIRCULAR" ยท ์ด 16๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 5,111๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 5,111๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 11.6(์ค๋ ๊ท ํ)์ ๋๋ค.
The development comes days after the Bihar government directed Rabri Devi to vacate the official bungalow at 10 Circular Road.
Judges say they cannot entertain the petition without there being any challenge to the Union Home Ministryโs circular regarding the playing of the national song and national anthem during events attended by the President/Governors
Justice M. Dhandapani rejects the plea for interim stay and says, he would instead take up the main case for final disposal after two weeks
Police had earlier issued a lookout circular against Bajaj and his wife before launching a search operation to trace them.
Delhi Police prepares Look Out Circular against Flourish Stay owner Lokesh Bajaj after Malviya Nagar fire kills 21.
Samrat Choudhary says government bungalows are not personal property as Bihar orders Rabri Devi to vacate 10 Circular Road, sparking political tensions.
Shares of renewable energy player Suzlon Energy fall 2.2% to Rs 55.87 on the BSE on Monday after capital markets regulator Sebi levied penalties totalling nearly Rs 29 crore on Suzlon Energy and several former executives. Sebi concluded that the company misrepresented its financial position through transactions involving subsidiaries, inflated profits and inadequate disclosures.In a 96-page order issued on May 29, Sebi said Suzlon and certain former executives violated provisions of the Sebi Act, PFUTP Regulations, listing regulations and disclosure requirements. The order replaces an earlier adjudication order issued in June 2025 and confirms multiple violations by the company and its executives.Among the penalised individuals, former executive Vinod R. Tanti was fined Rs 5.75 crore, while Girish R. Tanti was directed to pay Rs 5.45 crore. Former Group CFO Kirti J. Vagadia was fined Rs 1.5 crore and former CFO Amit Agarwal was fined Rs 30 lakh.The matter stemmed from an anonymous complaint received by Sebi in December 2019 alleging irregularities in transactions involving Suzlon's subsidiaries and associate entities. A subsequent forensic audit and investigation covering FY15 to FY20 and the first nine months of FY21 examined several issues, including dealings with subsidiaries, impairment reversals, contingent liabilities and financial statement disclosures.Sensex, Nifty today: Catch all the LIVE stock market action hereOne key observation related to the transfer of Suzlon's operations and maintenance services business to its subsidiary, Suzlon Global Services Ltd, in March 2014. Sebi noted that the business, valued at around Rs 77 crore, was transferred for Rs 2,000 crore, resulting in Suzlon recording an accounting gain of Rs 1,922.92 crore.According to the regulator, the subsidiary lacked the financial capacity to fund the transaction. Sebi found that a significant portion of the consideration was subsequently reflected as paid through circular movement of funds between the two entities. The regulator said the arrangement created artificial profits and inflated the company's net worth. It observed that Suzlon's FY14 net worth would have been Rs 741 crore without the transaction, compared with the reported figure of Rs 2,664 crore.Sebi further noted that Suzlon later booked an additional gain of Rs 829.78 crore by transferring its stake in the subsidiary to another wholly owned entity, effectively recognising profit a second time on the same underlying assets. According to the regulator, these transactions helped the company portray a stronger financial position and supported subsequent fund-raising and restructuring efforts.The order also addressed a standby letter of credit connected to loans taken by a foreign subsidiary. Sebi said a contingent liability of about $569 million, or roughly Rs 4,050 crore, which had been disclosed in FY17, was not reflected in FY18 contingent liability disclosures after being reclassified under an accounting standard related to insurance contracts. The regulator held that the treatment was inappropriate and materially reduced the visibility of the company's financial exposure.In addition, Sebi reviewed investments and loans involving subsidiaries SE Forge Ltd and Suzlon Gujarat Wind Park. It found that several transactions involved circular routing of funds, conversion of loans into equity and later impairment of investments. According to the regulator, these transactions resulted in financial statements that did not accurately represent the underlying economic substance.Sebi concluded that the company's financial statements and disclosures failed to present a true and fair view of its financial position. The regulator said financial statements and disclosures form the basis on which investors and other market participants assess a listed company's financial health and prospects.While Sebi noted that disproportionate gains and investor losses could not be quantified with precision, it said the violations were serious because they related to financial information disseminated to investors and relied upon by the market.Sebi imposed the penalties under provisions relating to fraudulent and unfair trade practices, disclosure lapses and violations of listing obligations. The notices must pay the penalties within 45 days of receiving the order.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Rabri Devi refuses to vacate 10 Circular Road bungalow allotted to minister Nand Kishor Ram, sparking BJP RJD row as govt pushes eviction and RJD alleges political vendetta
10, Circular Road is one of those addresses in Bihar, which holds prominence in state politics. The house is adjacent to the chief minister's residence in Patna
India's primary market is set for an active week in the mainboard segment, with two public issues scheduled to open for subscription even as investor sentiment remains selective amid volatile equity markets and heightened global uncertainty. The spotlight will be on the IPOs of CMR Green Technologies and Hexagon Nutrition, which together aim to raise nearly Rs 770 crore.The offerings come at a time when the IPO market has seen a lull for a few weeks in a tepid 2026. While several companies have secured regulatory approvals in recent weeks, many have put off their IPO plans due to market volatility.The first issue to hit the market next week will be CMR Green Technologies. The company's IPO will open on June 3 and close on June 5. The issue is priced in the range of Rs 182-192 per share and aims to raise Rs 630.9 crore. Equirus Capital is managing the offering.CMR Green Technologies operates in the metal recycling and circular economy segment, manufacturing recycled aluminium and zinc products for automotive and industrial applications. The company counts several leading automotive manufacturers among its customers and is positioned to benefit from increasing adoption of recycled metals and sustainability-focused manufacturing practices.The company is expected to attract investor interest given the growing focus on resource efficiency, electric vehicles and environmental regulations that are encouraging the use of recycled materials.The second mainboard issue scheduled for next week is Hexagon Nutrition.The IPO will open on June 5 and close on June 9. The company has fixed a price band of Rs 42-45 per share and plans to raise Rs 138.9 crore through an offer for sale of 3.09 crore shares. Since the issue is entirely an OFS, the company will not receive any proceeds from the public offering.Hexagon Nutrition is a research-driven nutrition company engaged in manufacturing micronutrient premixes, wellness and clinical nutrition products, therapeutic formulations and ready-to-use nutritional foods.Founded in 1993, the company operates manufacturing facilities in Maharashtra, Tamil Nadu and Uzbekistan and exports products to more than 75 countries. Its products are sold through both business-to-consumer and business-to-business channels and include brands such as Pentasure, Obesigo, Pediagold and Nutrone.The company has reported steady financial growth in recent years. Profit after tax rose to Rs 24.4 crore in FY25 from Rs 12.2 crore in FY24 and Rs 5.8 crore in FY23, while total income increased to Rs 331 crore.At the upper end of the price band, Hexagon Nutrition is valued at around 15 times post-issue earnings.Market participants will closely watch subscription trends in both issues as they could provide a signal on investor appetite for new listings after months of fluctuating market sentiment.The broader market environment remains mixed. Indian equities have faced pressure this year from elevated crude oil prices, geopolitical tensions in West Asia and foreign institutional investor outflows. However, strong domestic liquidity and continued retail participation have helped support primary market activity.SME segmentApart from the mainboard issues, the SME segment is also expected to remain active next week.Genxai Analytics plans to raise about Rs 55 crore through its NSE SME IPO, which opens on June 5 and closes on June 9. The issue is priced at Rs 110-116 per share. Vahh Chemicals will launch a fixed-price SME issue worth Rs 13.5 crore between June 4 and June 8 on the BSE SME platform.Merritronix will also tap the SME market with a Rs 70 crore issue opening on June 1 and closing on June 3.While SME offerings continue to attract investor interest, listing performance has remained mixed in recent months, making subscription quality and valuation discipline increasingly important factors for investors.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The 10, Circular Road Patna bungalow has been the proverbial residence of the RJD family ever since the previous Nitish Kumar government's allotment
The RJD leader reacted sharply when reporters questioned her about a recent order issued by the state's building construction department allotting the 10, Circular Road residence in Patna to Dairy and Fisheries Minister Nand Kishor Ram. "Yes, I can see that Samrat Choudhary, who has become the chief minister only recently, is quite excited. Let him get me evicted by force. I am not going to vacate the premises", said the indignant wife of RJD president Lalu Prasad.
The National Stock Exchange (NSE) has extended trading hours for the equity derivatives segment by 10 minutes, with the normal market closing time revised to 3:40 pm from the current 3:30 pm. The change will come into effect from August 3, 2026.According to an NSE circular, the pre-open session timings in the derivatives segment will remain unchanged, with trading beginning at 9:00 am and the pre-open session ending at 9:08 am through a system-driven random closure in the final minute. The normal market session will continue to open at 9:15 am.The trade modification window will also remain unchanged and will continue until 4:15 pm.There will be no change in the methodology used for computing closing prices of derivative contracts. NSE said the volume-weighted average price used for close price calculation will continue to be based on trades executed during the last half hour of trading, which will now be from 3:10 pm to 3:40 pm.The exchange added that the functional changes arising from the implementation will be made available for testing during mock trading sessions. A separate circular detailing the mock sessions will be issued later.The exchange will also broadcast a message on NEAT trading terminals at the start of the Closing Auction Session in the equity segment when the operating price range for stock futures is reset. As part of the process, outstanding orders lying outside the revised price range will be cancelled by the exchange in accordance with existing rules.
Capital markets regulator Sebi has relaxed nomination norms for demat accounts and mutual fund folios, making the process simpler for investors while continuing its push to reduce the buildup of unclaimed financial assets.In a circular issued on Friday, the regulator said investors opening single-holder demat accounts or mutual fund folios after September 1, 2026, will be required to either nominate a beneficiary or formally opt out through a declaration.The move modifies rules introduced last year after market participants flagged operational challenges in implementing the earlier framework.Sebi said the revised norms are aimed at improving ease of investing and simplifying the nomination process.Under the new framework, nomination will remain mandatory for single-holder accounts unless the investor explicitly chooses to opt out. For jointly held accounts and folios, however, nomination will be optional.Investors will be allowed to appoint up to three nominees.In a significant simplification, Sebi has removed the requirement for a witness signature when investors submit nomination forms with a regular signature. A witness will now be required only when an investor uses a thumb impression instead of a signature.The regulator has also reduced the amount of information investors must provide while filing nominations.Only the nominee's name and relationship with the investor will be mandatory. In the case of minor nominees, the date of birth will also be required.Details such as mobile number, email address, percentage share, Aadhaar, PAN, passport or other identification documents will remain optional.Where multiple nominees are appointed but percentage allocation is not specified, the assets will be distributed equally among the nominees.Sebi has also expanded digital options for filing nominations. Investors will be able to submit nominations online using a digital signature certificate, Aadhaar-based e-sign, any recognised e-sign facility, or through two-factor authentication using a one-time password sent to their registered mobile number and email address.The regulator has directed depositories, depository participants, mutual fund registrars and asset management companies to provide both online and offline nomination facilities. The revised framework also allows investors to modify or cancel nominations any number of times.For jointly held accounts, all account holders must consent to any nomination or nomination change regardless of the mode of operation.Sebi has also introduced measures to encourage investors who have not provided nominations. Depository participants and mutual fund registrars will be required to send biannual SMS and email reminders to investors who have neither nominated a beneficiary nor formally opted out.In addition, online platforms will have to display pop-up messages highlighting the benefits of nomination whenever such investors log in to their accounts. The regulator said these nudges are intended to reduce the risk of securities and mutual fund units remaining unclaimed after the death of an investor.Sebi also wants greater transparency in account statements. Going forward, account and holding statements will either display the names of nominees or indicate whether a nomination exists, depending on the investor's preference.The market regulator has repeatedly expressed concerns over growing unclaimed financial assets and has been encouraging investors to update nominations across investment products.Under existing rules, securities that remain unclaimed for prolonged periods can eventually be transferred to the Investor Education and Protection Fund Authority (IEPF) under applicable regulations.Sebi said the revised norms supersede all previous circulars relating to nominations for demat accounts and mutual fund folios. The new framework will come into effect from September 1, 2026, giving market intermediaries time to upgrade their systems and implement the revised procedures.The changes are expected to make account opening and nomination management easier while ensuring smoother transmission of securities and mutual fund holdings to legal heirs and nominees.
A Congress insider says AICC seems resolved to prevent current jockeying for KPCC chiefโs post from backsliding into a self-destructive circular firing squad at a crucial time when โTeam-UDFโ seeks to cast LDF, still smarting from its historic defeat, as the alliance in disarray
The circular stated that all dignitaries entitled to convoys must further cut non-essential vehicles