SEBI KEY MANAGEMENT PERSONNEL APPOINTMENT PROCESS

28 stranded people, 20 army personnel airlifted from landslide-hit Chaten in north Sikkim

Due to heavy rain and multiple landslides in north Sikkim, 28 civilians and 20 army personnel were airlifted from Chaten after road connectivity was severed. The state government arranged a helicopter to evacuate those affected and transport essential supplies. All evacuees safely landed at Pakyong Greenfield Airport as part of ongoing relief efforts.

Sebi issues correction in IndusInd Bank insider trading case

Sebi has issued a corrigendum in the IndusInd Bank insider trading case, clarifying that a key document referred to as a “board note” in its interim order should have been called an “engagement note.” The case involves allegations of UPSI-based share sales by top executives before disclosing Rs 1,572 crore in derivative losses, helping them avoid nearly Rs 20 crore in losses.

Speed of doing business for ease of doing business: Streamlining India’s corporate restructuring

Corporate restructuring in India is still hampered by NCLT delays, despite reforms aimed at simplifying the process. With over 15,000 cases pending and no statutory deadlines for merger approvals, even uncontroversial schemes face long waits. A dedicated Corporate Restructuring Authority under the MCA could streamline processes and ease India’s regulatory burden, unlocking faster deal execution and greater investor confidence.

Explained: How is Specialised Investment Fund different from mutual funds, PMS, and AIF

SIF aims to provide sophisticated investors with more flexible investment opportunities while ensuring regulatory oversight.

Inside the Musk-Trump feud: This adviser is said to have triggered the most talked-about split in politics

Elon Musk’s choice for NASA chief, Jared Isaacman, was abruptly rejected by President Donald Trump—despite Senate support. The shocking move came after Trump’s top aide, Sergio Gor, flagged Isaacman’s past donations to Democrats. This stirred a rare public feud between Trump and Musk. The clash has rattled NASA’s leadership plans and raised concerns about politics overruling expertise in space policy. With tensions rising and billions in contracts on the line, this dramatic fallout between two powerful figures could reshape the future of U.S. space exploration and private-government partnerships.

DOGE finally delivers what Elon Musk promised earlier, changing a 'mid-20th century' US govt tradition

The Department of Government Efficiency has introduced online digital retirement. This initiative aims to expedite retirement benefit delivery. The old paper-based system, located in a limestone mine, caused delays. The new system promises to reduce processing time significantly. Elon Musk praised the digital transformation. The goal is to issue the first payments faster. The department expects to report progress soon.

Sebi issues new ESG debt framework to regulate social, sustainability, and linked bonds

Sebi has introduced a new framework for ESG debt securities—excluding green bonds—to boost transparency, curb purpose-washing, and align with global standards. Categories include social, sustainability, and sustainability-linked bonds, with strict disclosure and reporting requirements for issuers.

Centre hikes central deputation allowance for certain category of officers

The central government has increased the central deputation allowance. This is for specific officer categories. The Department of Personnel and Training issued an order. The Central Secretariat (Deputation on Tenure) Allowance rates are revised. All India services and Group A central services officers are eligible. They must be appointed as Under Secretary, Deputy Secretary, or Director.

TVS Motor promotes MD Sudarshan Venu as Chairman effective August 25

TVS Motor Company has appointed Sudarshan Venu as the new Chairman and Managing Director. He will assume the role on August 25. Sir Ralf Speth will step down as Chairman after the AGM in 2025. Speth will then become Chief Mentor for three years. Venu Srinivasan thanked Speth for his leadership.

Why is nomination important in mutual fund investment? Sebi simplifies process

Phoenix Suns hire Jordan Ott as head coach ahead of key offseason moves

The Phoenix Suns have hired Cleveland Cavaliers assistant Jordan Ott as their new head coach. Ott replaces Mike Budenholzer after a 36-46 season. With a background in player development and game strategy, Ott becomes the team’s fourth coach in four seasons. Devin Booker reportedly endorsed the decision during the final stages

Delays across categories: Wait for US visa now extends to over a year

US visa seekers, including tourists and business travelers, are encountering significant obstacles with appointment wait times exceeding a year in some regions. Rescheduling has become more difficult, and interviews are more detailed. Applicants who miss appointments face a 120-day booking ban, and rescheduling is limited to once from January 2025, leading some to seek appointments in other countries.

Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million

Aequs, an Indian contract manufacturer for aerospace and consumer goods, has confidentially filed draft papers with SEBI to raise approximately USD 200 million through an IPO. The offering includes both fresh equity shares and an Offer For Sale component. Kotak Mahindra Capital, JM Financial, and IIFL Capital will manage the IPO.

Sebi introduces new guidelines for MF nomination process: What investors need to know

To streamline and secure mutual fund nominations, SEBI has introduced updated operational guidelines. These changes, effective from June 1st, require investors to provide detailed nominee information, including contact details and identity proof. While existing nominations remain valid, investors can now nominate up to 10 individuals per folio from September 1, 2025, simplifying asset transmission for heirs.

India’s listed digital firms’ market in early days as ‘reverse flipping’ gains steam: Bay Capital

The white paper noted that publicly listed digital-first companies in India are now valued at over $90 billion. As more businesses turn profitable and scale up, the overall value of India’s digital sector is expected to rise steadily, it added.

Sebi automates process of invocation, sale of pledged securities

To facilitate ease of doing business and safeguard the investors' interest, markets regulator Sebi on Tuesday decided to automate the process of invocation and sale of pledged securities.

Nestle India's permanent employee count down 3.8% in FY25

Nestle India's permanent workforce saw a 3.8% decrease in FY25, despite increased capital expenditure and investments in new capabilities. While on-roll employees totaled 8,419, the median employee remuneration rose by 4.9%. Manish Tiwary was appointed as Managing Director, receiving a substantial remuneration package, while outgoing Chairman Suresh Narayanan's total compensation reached Rs 23.47 crore.

Trump admin implements controversial hiring process for new federal employees. Here's what you need to know

The Trump administration is set to resume civil service hiring with a new "Merit Hiring Plan" requiring applicants to write essays demonstrating their commitment to the Constitution and support for the President's policies. This initiative aims to prioritize efficiency and align the workforce with American values, while streamlining the hiring process and discontinuing diversity programs.

What are the major challenges facing NSE's long-awaited IPO?

The NSE's long-awaited IPO faces continued delays due to unresolved regulatory concerns raised by Sebi, including the co-location case and technology infrastructure issues. Despite NSE's efforts to address these concerns and seek resolution through settlements, the IPO's future remains uncertain, pending Sebi's approval and the outcome of ongoing investigations. NSE is actively traded in the unlisted market.

“I didn’t know the US had a hurricane season”: FEMA chief David Richardson’s offhand remark fuels alarm over readiness as storm season begins

FEMA faces turmoil as acting Administrator David Richardson, lacking disaster response experience, raises concerns with an apparent joke about hurricane season ignorance. This comes amidst staffing shortages, reduced training, and delayed disaster response plan, fueling worries about the agency's readiness for a predicted above-average hurricane season. Cuts to NOAA further complicate the situation, impacting forecasting capabilities.

Sebi prescribes appointment process of senior executives at MIIs

To bolster governance, Sebi mandated a structured process for appointing key management personnel (KMPs) at market infrastructure institutions (MIIs). Independent agencies will identify candidates for roles like compliance officer and CTO. The nomination and remuneration committee (NRC) will evaluate recommendations before the governing board makes the final decision, ensuring appropriate stature and independence.

Sebi comes out with appointment process of senior officials at MIIs

Markets regulator Sebi on Monday came out with a process to appoint specific key officials of stock exchanges and other market institutions.

Looking into 'egregious violations' by IndusInd Bank officials: Sebi chief

Sebi Chairman Tuhin Kanta Pandey on Thursday said the market regulator is looking into any "egregious violations" by senior management of IndusInd Bank, hit hard by accounting frauds, which according to estimates involve a staggering about Rs 3,400 crore.