Mumbai: The Securities and Exchange Board of India (Sebi) today approved a slew of proposals, including revised framework for settlement of cases and new know-your-customer (KYC) norms for foreign portfolio investors (FPIs). The proposals were cleared by the Sebi board at its meeting in Mumbai.

Sebi chairman Ajay Tyagi said the board has approved new KYC norms for FPIs and fresh guidelines would be issued soon. The market regulator has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities, as well as common application form for the registration of FPIs in the domestic markets, Tyagi told reporters after the board meeting.

The board has given its nod for amending delisting regulations. Further, interoperability of clearing houses for commodities and new methodology to calculate the total expenses ratio for fund managers have been cleared.

NEW DELHI: Delhi Chief Minister Arvind Kejriwal concluded his three-day visit to South Korea on Friday by signing a twin city agreement between Seoul and Delhi for collaboration on waste management and reviving natural water sources in the National Capital

“Let this MoU between the governments of Delhi and Seoul not merely be another piece of an official document. Let us try and convert it into a living document Air pollution is a major issue faced by Delhi, and our government is very serious in tackling this menace,” he said, after signing the MoU.

“Delhi faces an acute water crisis in summer months. The only river passing through Delhi - Yamuna, faces serious water pollution problems, which we are trying to fix.”

Kejriwal, who shares a personal equation with the mayor of Seoul metropolitan government Park Won-Soon, was accompanied by Urban Development Minister Satyendra Jain.

The upgraded Akash Weapon System is operationally critical equipment which will provide protection to vital assets. The DAC also accorded approval for progressing Design and Development of Individual Under Water Breathing Apparatus (IUWBA) for T 90 Tanks. Developed by DRDO Lab DEBEL, the IUWBA is used by the crew of Tanks as a safety gear and is required by the Tank crew for emergency escape when negotiating water obstacles while deep fording. The DAC also accorded approval for Design and Development of Test Equipment for Guided Weapons System of T 90 Tank. The equipment is being developed by DRDO and will give an indigenous solution to the Test Equipment used for checking the Guided Weapon System of Tank T 90. The equipment earlier procured from foreign OEMs, has been developed indigenously and is in pursuit of the Government's 'Make in India' initiative.

The 70th annual Emmy awards are taking place in Los Angeles, with usual favorites Game of Thrones, Saturday Night Live and The Handmaid's Tale leading the hunt for trophies, at least when it comes for nominations.

The awards were hosted by SNL cast members Michael Che and Colin Jost, who began the ceremony with a musical number, celebrating Hollywood's (lack of) diversity.

New Delhi: Popular painkiller Saridon will be available in medical stores across the country, with the Supreme Court on Monday allowing the sale of the drug and three other banned fixed dose combinations (FDCs).

A bench of Justices R F Nariman and Indu Malhotra issued notice to the Centre and sought its reply on a plea filed by some drug makers and pharma associations. The medicines whose sale was allowed were Piramal Healthcare’s Saridon, GlaxoSmithKline’s Piriton, Juggat Pharma’s Dart and another drug, the details of which could not be immediately known.

The top court, however, did not grant any relief to the other medicines falling in the list of 328 FDC drugs, which were banned by the Health Ministry through a September 7 notification.

FDCs are two or more drugs combined in a fixed ratio into a single dosage.

The Delhi High Court had earlier allowed Indian pharma major Wockhardt to sell its Ace Proxyvon tablets, which is a mixture of three salts -- aceclofenac, paracetamol and rabeprazol -- a combination that is banned. The pharma company, which claimed to have been manufacturing and selling the drug for over 11 years, had contended that it had not been provided with the Drugs Technical Advisory Board (DTAB) report, based on which the decision was taken.

The central government has announced the proposal to merge three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank.

The combined lending entity will be India's third largest globally competitive bank, said Rajeev Kumar, Secretary - Department of Financial Services, Ministry of Finance in a media address on September 17.

According to the government's estimates, Net non-performing asset (NNPA) ratio of the

New Delhi: PayU India has received Reserve Bank of India’s (RBI) approval to operate its own non-banking financial company (NBFC), the digital payments firm owned by South Africa’s Naspers Ltd said today. The move will help PayU promote inclusive growth in the country by catering to the diverse financial needs of various segments of the society, fintech startup claims.

The approval from the central bank is subject to “certain pending RBI compliance”, PayU said in a statement. “We realized the potential in consumer credit space and have already introduced innovative credit products in order to tap the market. We have already served more than 500,000 consumers during last 12 months,” said PayU India managing director

Cisco, a U.S.-based firm, that makes networking telecommunications equipment, has signed two agreements with the NITI Aayog and Bharat Sanchar Nigam Limited (BSNL) to speed up its Country Digital Acceleration programme in India. “The current set of investments will focus on fostering innovation and entrepreneurship through the Atal Innovation Mission and in developing use cases to showcase the possibilities of 5G in citizen services and application of innovative digital technologies in transportation modernisation,” according to a statement from Cisco.

Cisco has made over 25 strategic investments in growth stage companies in India. To further support the start-up ecosystem in India, Cisco signed an agreement with NITI Aayog to boost connectivity and collaboration across all 100 Atal Incubation Centers in the country. These solutions converge voice, chat, video meetings, group messaging, file sharing, and whiteboarding securely, all in one platform.

Cisco Webex Teams and Cisco Sparkboard will facilitate information exchange and collaboration among all Atal Incubation Centres in India and Cisco’s other incubation and innovation centers across the world enabling entrepreneurs to build businesses, innovate and go global with digital solutions. To facilitate new citizen services, especially in government and public sector, Cisco signed an

State Bank of India on Monday said Prashant Kumar has taken charge as the Chief Financial Officer (CFO) of the Bank.

Before Kumar, Anshula Kant, who has been promoted as Managing Director of SBI, was the CFO.

Prior to this appointment, Kumar was designated as Deputy Managing Director (HR) & Corporate Development Officer of India's largest bank.

Kumar has earlier worked as DMD and Chief Operating Officer (COO) of the Bank.

Union Home Minister Rajnath Singh is slated to inaugurate the first ‘smart fence’ pilot project of the country along the India-Pakistan international border in Jammu and Kashmir on Monday. The pilot project will be inaugurated by the Home Minister during his one-day visit to the state.

According to news agency ANI, the Home Minister will reach Border Security Force (BSF) headquarters at Paloura on Monday morning and formally launch the initiative taken by the force.

The BSF had taken up the initiative as part of the comprehensive integrated border management system.