Johannesburg, Dec 13: The Dalai Lama spoke on Friday of his sadness at losing his friend Nelson Mandela, whom he hailed as an affectionate and principled man. We are very much sad, the exiled Tibetan spiritual leader said in a
The Reserve Bank today restricted foreign institutional investors (FIIs) from purchasing shares in Tata Chemicals as the foreign shareholding in the company has reached the trigger limit....the foreign share holdings by Foreign Institutional Investors in Tata Chemicals Limited has reached the trigger limit. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India, the RBI said in a release.As of quarter ended September 2013, FIIs had 21.32 per cent shareholding in Tata Chemicals, as per data available on the BSE.In a separate release, the RBI allowed Magma Fincorp to raise the limit for FIIs to purchase shares in the company.RBI notified that Magma Fincorp Limited has passed resolutions...agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs through primary market and stock exchanges up to 49 per cent of the paid up capital of the company under Portfolio Investment Scheme, it said.Also, for Finkurve Financial Services Ltd., the regulator allowed the FIIs to purchase shares in the company under PIS and convertible debentures up to 100 per cent of the paid up capital.Non-Resident Indians(NRIs)/ Persons of Indian Origins (PIOs) through primary market and stock exchanges up to 24 per cent of the paid up capital of the company (Finkurve),it said.FIIs, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS).Under this scheme, FIIs/NRIs can acquire shares / debentures of Indian companies through the stock exchanges in India.FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect.
Bollywood heartthrob Hrithik Roshan Friday announced that he and his wife Sussanne have parted ways after the latter decided to annul their marriage.Sussanne has decided to separate from me and end our 17-year relationship. This is a very trying time for the entire family and I request the media and the people to grant us our privacy at this time, said the 39-year-old in a statement. The news has come just a few days before their 13th marriage anniversary. The duo tied the knot Dec 20, 2000 post the success of Hrithiks debut film Kaho Naa... Pyaar Hai. They have two sons - Hrehaan and Hridhaan.I do not wish this news to disempower my fans and the people about the institution of marriage in any way. I am a firm believer in this institution and respect and honour it at the highest level..., he said.Last month Hrithik headed to an undisclosed location abroad for his medical treatment. The Krrish star has been suffering bouts of headache. In July this year, he had undergone a brain surgery for removal of a clot at the Hinduja Hospital. And once again I thank my fans for all the concern and prayers for my health, my treatment is going well and I should be able to resume my life in every way very soon. Thank you, he said.
The National Green Tribunal has banned unregulated open burning of plastic, rubber or such other articles across the country.All the plastic waste/scrap dealers and/or recyclers including the members of the PVC and Plastic Waste Dealers Association, respondent herein, shall be restrained from carrying on their business of segregation of plastic waste and its eventual transfer to recyclers or disposal contrary to and without registration under the Plastic Waste (Management and Handling) Rules, 2011, a bench headed by NGT Chairperson Justice Swatanter Kumar said.There shall be no unregulated open burning of plastic or rubber or such other articles anywhere in India, it said.The tribunal passed the order while observing there is a need to totally ban unregulated handling and disposal of plastic waste and to issue incidental directions for its regulation and restoration of environment in some measure, if not fully.The tribunal also observed in its judgement that plastic and the waste generated from its use need not be baneful for the environment and eventually the mankind if it is handled properly and directed all municipal authorities to strictly enforce the provisions of the Plastic Waste(Management and Handling) Rules 2011.It directed all the municipal authorities to set up, operationalise and coordinate the waste management systems within their limits, work out and set up systems for use of plastic waste in road construction and/or in co-incineration plans for generation of energy in accordance with law and lastly incorporate necessary provisions in their by laws for enforcement of the said rules.The NGTs judgement came on a plea alleging illegal burning of plastic, rubber and related waste in various villages in North and North West Delhi.The matter was initially being heard by the Delhi High Court which had in 2011 transferred it to the tribunal.