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CROSSHOLDING RULE
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entriesRajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company fac...- MIB revamps decade-old TV ratings system, expands scope, tightens normsIndia's TV audience measurement system is set for a major overhaul. New rules mandate tracking viewership across all screens, including OTT...
- MIB proposes overhaul of TV rating guidelines to attract more playersThe Ministry of Information and Broadcasting is set to overhaul television rating agency norms, proposing the removal of restrictions on bo...
- Sebi lens on Fairfax for alleged breach of crossholding normsFairfax has more than 10% shareholding and voting rights indirectly in two MFs - IIFL and Quantum. Fairfax said it's in the process of pari...
- T Rowe Price to hike stake in UTI Trustee Company to 51%T Rowe Price, already the biggest shareholder in UTI Mutual Fund, will acquire a portion of the shareholding of Life Insurance Corporation ...
- Cut stake to below 10% immediately, Sebi tells three UTI AMC investorsSebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.
- Shareholders of UTI AMC to pare stake via IPOUTI AMC, have decided to sell part of their holdings to the public through a share sale.
- Sebi defers decision on loan default disclosure by listed companiesSebi approved a series of stricter measures for credit rating agencies, including a 10% crossholding cap along with tighter net worth and p...
- Trai recommends easier licensing norms for DTH companiesTrai suggested that the adjusted gross revenue should be calculated excluding service tax, entertainment tax and sales tax or value-added t...
- Telecom Regulatory Authority of India recommends extension of licence period for DTH operatorsOn the tenure of DTH licence, TRAI suggested that it to be increased from 10 years to 20 years, renewable by 10 years at a time.
- Kapil Sibal questions telecom secretary on crossholding rulesKapil Sibal has asked telecom secretary MF Farooqui to check the crossholding rules in the existing Unified Access Service Licence system
- Reliance Communications and Reliance Telecom may merge to comply with new licensing normsThe Anil Ambani-led Reliance Group is considering merging the operations of Reliance Communications and Reliance Telecom, into one entity.
- Cross-holding rules in telecom to be abolishedPresent norms allow mobile phone companies to hold up to 10% equity in another operator in the same circle.
- To protect stake in Bharti Airtel, Vodafone urges Kapil Sibal to ensure liberal normsA DoT committee tasked with working out M&A norms has proposed that a telecom operator should be barred from holding any equity in a 'compe...
- Unified licensing regime likely in a month: Telecom secretaryThe telecom department is likely to finalise the unified licensing regime within a month, telecom secretary MF Farooqui said.
- CBI gets AG's opinion on spectrum allocation to Essar-LoopCBI has received an opinion of Attorney General G E Vahanvati on the Essar-Loop controversy of cross-holding of shares during the allocatio...
- 2G scam case: CBI to soon file another charge sheetCBI may soon file a charge sheet against some officials of Loop Telecom and Department of Telecom for alleged misrepresentation of facts ab...
- 2G case: CBI may file charge sheet against some Essar officialsThe CBI may file a charge sheet against some officials of Ruias-led multinational conglomerate Essar in the 2G spectrum case.
- RCom contests CAG claim of excess shareholding in Swan TelecomAnil Ambani group questioned report that Swan Telecom was a "front company" for RCom, saying it had no shareholding in the firm that got li...
- Telcos may take multiple callsThe controversial cross-holding cap, which prevents a telecom company from holding more than 10% stake in two operators in the same circle,...
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