Government cuts tenure of Sebi's chairman-designate Ajay Tyagi
The government curtailed tenure of Ajay Tyagi as next chief of capital market regulator Sebi by two years, barely a week after his name was cleared to succeed incumbent U K Sinha with a five-year term. Tyagi will now join as the Securities and Exchange Board of India (Sebi) Chairman for an initial period of three years.
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