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Sebi tightens disclosures for top officials
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Sebi tightens disclosures for top officials


Sebi tightens disclosures for top officials

MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the high-level committee (HLC) on conflict of interest of the senior officials and board members of Sebi.The market regulator’s board also approved changes to some of the rules governing foreign portfolio investors (FPIs) that would allow these investors to net out their trades in the equity cash segment of the market. Under the new disclosure norms, the Sebi WTMs will be categorised as ‘insiders’, the regulator said in a release. All these officials will have uniform application of restrictions on investments and trading (in equity and equity-related instruments, other than permitted investments in mutual funds etc.) as currently applicable to employees, the release said. Also, they could invest in any pooled vehicle, provided the scheme is professionally managed by a regulated market intermediary.The new rules also mandated that when an official joins Sebi as its chairman or a WTM, the official will have four options to choose from for existing equity investments. The official could liquidate all the investments, freeze them, sell the investments according to a trading plan or sell them without a trading plan with prior approval.“Investments in equity and equity-related instruments in commercial ventures (including unlisted companies) must be fully liquidated or kept frozen” during the tenure of the official. “Vested options, if any, must be exercised before joining Sebi,” the release said.The HLC was formed in April 2025, soon after Tuhin Kanta Pandey, then a top bureaucrat in the finance ministry, took over as top markets regulator. A panel on the issue was necessitated after there were allegations of conflict of interest with the previous Sebi chief, which were denied by the official.



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Independent directors must act responsibly: Sebi chief
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Independent directors must act responsibly: Sebi chief


Independent directors must act responsibly: Sebi chief

MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets regulator will be looking at all the aspects of the matter to bring out the facts leading to the resignation of the non-executive chairperson. Chakraborty, in the letter of resignation that came more than a year ahead of the scheduled end of his term at the bank, said that he was leaving because “certain happenings and practices within the bank” were “not in congruence” with his personal values and ethics. Chakraborty didn’t elaborate on the details of the ‘practices’ and ‘happenings’ in the bank that he did not agree with.Following the resignation of the chairman that came when the stock market was grappling with the impact of the war in West Asia, the HDFC Bank stock took a tumble. Since March 18, the night Chakraborty’s resignation was announced by the bank, to its March 23 close at Rs 744 on BSE, the stock has lost 11.3%. In comparison, BSE’s banking index has lost 7.3% while the PSU bank index has lost 5.2%.The Sebi chief said that as per listing and disclosure rules of the stock exchanges, in case there are issues and ethical concerns, the same should have been in the minutes of the meeting. Independent directors hold very important positions and they have explicit powers to question the management, he said.“No one is expected to make insinuations without proper evidence and recordings,” the Sebi chief told reporters at the media meeting after the regulator had a board meeting earlier in the day. He said there are codes of conduct for independent directors and there are processes under the rules which such directors should follow. “We can’t keep things vague,” he said.Pandey reminded that as per statutes, independent directors should act as the protectors of the interests of minority shareholders and should act ‘responsibly’.Since Chakraborty’s resignation, the bank’s market capitalisation has dipped by a little over Rs 1.5 lakh crore with its current value at Rs 11.4 lakh crore on BSE.



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‘Vaibhav Sooryavanshi is not professional’: RCB star’s stunning remark goes viral | Cricket News
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‘Vaibhav Sooryavanshi is not professional’: RCB star’s stunning remark goes viral | Cricket News


Rajasthan Royals’ Vaibhav Sooryavanshi (PTI Photo)

With the Indian Premier League 2026 set to begin in just six days, all eyes are once again on Vaibhav Sooryavanshi. The Rajasthan Royals prodigy, who turns 15 this Friday, returns after a spectacular debut last year when he smashed a 35-ball century against Gujarat Giants, leaving fans and bowlers stunned. That innings made him the youngest centurion in IPL history and the fastest Indian to reach three figures, surpassing Yusuf Pathan’s record.Sooryavanshi’s rise has been meteoric. During the IPL mega auction for the 2025 season, he secured a deal worth Rs 1.1 crore with Rajasthan Royals, making him the youngest player ever to be signed. Over the past year, he has dominated across continents, scoring centuries in Australia, South Africa, and England. His crowning moment came in the Under-19 World Cup final against England, where he scored a match-winning 175 off just 80 balls, including 15 fours and six sixes each. His 55-ball century is among the fastest in Under-19 World Cup history, helping India lift the trophy for a sixth time.

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A Father’s Pride: How RR, Dravid & Vikram Shaped Vaibhav Suryavanshi

But as IPL 2026 approaches, Sooryavanshi faces new challenges. Bowlers are believed to have studied his game and will look to expose weaknesses. His talent is unquestionable, and many see him as a potential trailblazer and future legend. Yet, not everyone is convinced about his professional approach.On AB de Villiers’ YouTube channel, Jitesh Sharma, who captained Sooryavanshi during India A’s Asia Cup campaign last year, praised the youngster’s skill but expressed doubts about his off-field habits. “Right now, Vaibhav Sooryavanshi. I feel he can dominate world cricket. He has gear No. 6 and a very good set of skills,” Sharma said when asked which youngster he would invest in.De Villiers, who watched Sooryavanshi’s 175-run masterclass in the Under-19 World Cup final, was full of admiration. “He’s a great player. I watched him in the Under-19s. It’s not always easy when you get the taste of IPL and big cricket, and still show the same kind of standard. I was very impressed with the way he played in that World Cup. Very professional. He’s very mature for his age,” said the former South African captain.De Villiers added that Sooryavanshi stayed true to his game plan, replicating the approach he used in the IPL, without arrogance or trying to be someone else. “But he will get professional,” he said.Sharma, however, was more sceptical. “He’s not professional. I can tell you that. Everyone is trying to get him to be professional, but I don’t think he will ever get professional. He may be on the field, but off the field, he won’t. I’m trying my best. I ask him not to have ice-cream in the night,” he added.

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Companies Act seeks to allow new exec compensation tools
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Companies Act seeks to allow new exec compensation tools


Companies Act seeks to allow new exec compensation tools

NEW DELHI: Finance and corporate affairs minister Nirmala Sitharaman on Monday introduced fresh amendments to the Companies Act, which seeks to decriminalise several procedural defaults, provide flexibility in buyback of shares and recognise new instruments for executive compensation.The bill, which has been referred to a joint Parliamentary committee for examination, provides for allowing restricted stock units and stock appreciation rights, in addition to Employee Stock Option Plans (ESOPs), with approval of shareholders. Stock appreciation rights can help employees get cash equivalents in case stock prices rise.Govt has also proposed setting up special benches of the National Company Law Tribunal to deal with cases under the Companies Act and the Insolvency & Bankruptcy Code. Further, simplification of procedures relating to mergers and amalgamations through rationalisation of approval thresholds for fast-track mergers has been suggested.On buybacks, the rules are proposed to be changed once Parliament approves the amendments to the law to allow certain companies, especially those that are debt free, to make up to two offers within a year, with the second one to be undertaken six months after the closure of the first buyback.There are several provisions of the Limited Liability Partnership Act, relating to procedural lapses that are sought to be decriminalised. Similarly in the case of the Companies Act, some of the offences related to issue of prospectus, buyback, AGM, minor violations on maintenance of accounts, certain offences of directors, among others are also proposed to be decriminalised.Relaxation for small companies from some CSR requirements is part of the amendments moved by FM. The net profit criteria is sought to be raised to Rs 10 crore and the number of days for transferring the unspent CSR funds to a separate account is being increased from 30 days to 90 days.Revised eligibility threshold for the constitution of CSR committees by companies has also been proposed. The bill has clarified that compromise or arrangements under the Companies Act will not be permitted where liquidation has begun under IBC.“From an audit and assurance standpoint, the amendments mark a clear shift toward stronger regulatory oversight, driven by enhanced powers of NFRA, including wider disciplinary mechanisms and more streamlined inquiry and penalty processes,” said Amit Maheshwari, managing partner at consulting firm AKM Global.



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3 players who are DC’s biggest burden in IPL 2026
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3 players who are DC’s biggest burden in IPL 2026


The DC squad looks stunning on the teamsheet, but they have several weak points in the team. Skipper Axar Patel will be troubled mainly by these three players.

Delhi Capitals qualified for the playoffs several seasons back under Shreyas Iyer. However, the Axar Patel-led side was very close to the qualification round last season and missed out on the knockouts by just one spot.

They would not have the likes of players like Faf du Plessis and Jake Fraser-McGurk, who were the openers for the side in the previous edition. Delhi Capitals would promote KL Rahul in the new role of an opener.

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3 players who are DC’s biggest burden in IPL 2026

Mitchell Starc

Former Australian T20 pacer Mitchell Starc has performed to the best of his abilities in the last two seasons. He was KKR’s star in the 2024 season and then picked several crucial wickets in the following season for the 2025 season.

However, Mitchell Starc’s availability has been a major concern. He left the DC unit midway through the last season, while on the other hand, this season, his availability has been pushed back. Starc has not been issued an NOC by Cricket Australia, citing workload.

Starc has been in sheer form, and he would be a massive positive to the DC unit; however, his availability is a massive concern for the franchise.

T. Natarajan

Another pacer in the Delhi Capitals lineup, Natrajan, missed out on the majority of the 2026 season after being bought for a massive amount of money. The Capitals found him playing only on a couple of occasions, and the death overs specialist received a massive thrashing.

Natarajan’s poor form in the game has been a concern. The left-armer will have to be available for the entire season, but DC’s headache surrounding him will be Natarajan’s frequent injuries. The left arm pacer might be troubled with a reduced pace.

In Starc’s absence, the death overs will be a major concern because slower balls are not always effective in the death overs in the IPL. Lungi Ngidi has mastered slower balls, but yorkers are what win you the death overs, and hence, Natarajan’s lack of form will be a concern.

Abhishek Porel

Lastly, Abhishek Porel, the Bengal wicket-keeper batter, surfaced as their main wicket-keeper in the side. Though KL Rahul can take up the gloves, Porel would still be an essential player in the top order.

Karun Nair had also played in the top order the last time. However, Porel remains a constant help in the DC batting order. The Bengal boy’s form has not been a concern, but he has not been ideal for the shortest format of the game.

Also, they would not be able to pick other overseas batters like Pathum Nissanka and Ben Duckett, since the overseas slot for the Capitals is filled. Porel would be crucial to their top order, and a lack of form will be concerning to the AxarPatel-led side.

ALSO READ: 3 players who are RR’s biggest burden in IPL 2026 – ft Jofra Archer



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Doc on run for 6 mths arrested for 70L fraud | Mumbai News
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Doc on run for 6 mths arrested for 70L fraud | Mumbai News


Kalyan: A doctor accused of duping several people of nearly Rs 70 lakh under the pretext of a running pharmacy was arrested on Monday after evading police for six months. His wife, a co-accused in the case, is still absconding, officials said.The accused, Dr Prasad Yadavrao Sali, was nabbed by a team led by assistant police inspector Vijay Gaikwad from Khadakpada police station. He was produced before a Kalyan court, which remanded him in police custody till Friday. According to Khadakpada police, Sali and his wife, Vaishali Prasad Sali, allegedly lured victims by promising them returns through a pharmacy venture and collected large sums of money before going incommunicado. A complaint in the matter was filed on Sept 13 last year by Pragya Kamble and Dr Rahul Dubey, who claimed to have been cheated. During the course of the investigation, police found that several others were similarly cheated. Police officials said the couple had been absconding since their anticipatory bail plea was rejected. “After sustained efforts, we have arrested the main accused. A special team has been formed to trace his wife and she will be apprehended soon,” said investigating officer Vijay Gaikwad. Police are probing the case further to ascertain the full extent of the fraud and identify additional victims.



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Upside risk to prices as West Asia simmers: RBI
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Upside risk to prices as West Asia simmers: RBI


Upside risk to prices as West Asia simmers: RBI

MUMBAI: Reserve Bank of India said the outlook for prices has shifted due to upside risks, even as data shows sustained resilience of the Indian economy, and warned that a prolonged war would be detrimental to the broader global outlook.According to the State of the Economy report, there was a “drastic deterioration” in the global environment towards the end of Feb. It said geopolitical tensions in West Asia intensified into a major conflict causing disruption to key oil infrastructure and energy corridors due to the closure of Strait of Hormuz. It quoted the International Energy Agency as calling it “the largest supply disruption in the history of the global oil market”.The report said global commodity markets came under pressure due to disruptions across crude oil, natural gas, and fertilisers. “Brent crude oil prices exhibited volatility with prices moving from $78 per barrel to $112.2 per barrel in March.” It added that aluminium prices, which were already elevated, surged further amidst supply concerns, due to smelter closures and force majeure declarations by affected parties.The report pointed out that the conflict triggered a transmission of shocks from energy markets to financial systems. It said, “Equity markets came under selling pressures in March with the decline more pronounced in energy-importing economies, particularly in Europe and Asia.” It observed that the conflict has triggered a broad-based sell-off across sectors, which led to a ‘massive jump in the India Volatility Index in March’.It said, “Emerging market currencies came under pressure amidst heightened risk aversion while the US dollar strengthened on safe-haven demand. The rupee has come under renewed pressures in March amidst FPI outflows. The West Asia conflict led to the firming up of yields on dated government securities.”



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Parl panel calls for comprehensive ‘gender-sensitive’ law to combat cybercrime | India News
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Parl panel calls for comprehensive ‘gender-sensitive’ law to combat cybercrime | India News


Parl panel calls for comprehensive 'gender-sensitive' law to combat cybercrime

NE DELHI: Reflecting on the sharp increase in cybercrime against women and children over the years, a parliamentary committee has recommended that the govt should initiate structured and time-bound examination for formulation of a “comprehensive and gender-sensitive cybercrime legislation”.In its report on “Cyber Crimes and Cyber safety of Women” presented in Parliament on Monday, the Committee on the Empowerment of Women also recommended introducing age-appropriate regulations and calibrated usage limits on social media platforms to safeguard children and adolescents from adverse psychological impact and safety-by-design standards to ensure responsible digital engagement.It highlighted that NCRB data reflects a nearly 239% increase in cybercrime against women and multi-fold rise in cases involving children between 2017 and 2022, which underscores the seriousness of the situation.A significant rise in such crimes during COVID-19 pandemic reflected higher digital dependence. National Cybercrime Reporting Portal (NCRP) has reported more than 2.48 lakh complaints related to women and children between 2019 and April 2025.The committee chaired by BJP Lok Sabha MP Dr D Purandeswari said that the exponential surge in complaints recorded on NCRP indicates growing awareness as well as institutional action. However, it also noted the phenomenon of under-reporting, driven by fear, stigma and limited digital literacy, particularly among young girls, rural women and socio-economically vulnerable groups.The report is based on inputs received from the ministry of home affairs, ministry of electronics and information technology (MeitY), Cyber Peace Foundation, an NGO, cyber experts from CDAC and social media intermediaries (Google & Meta).The committee highlighted that cyber offences impacting women and children are presently addressed through multiple statutes, including Information Technology Act, 2000; Bharatiya Nyaya Sanhita, 2023; POCSO Act, 2012; and Indecent Representation of Women (Prohibition) Act, 1986. “These provisions collectively cover a wide spectrum of offences. However, their dispersed nature often results in overlapping mandates, interpretational ambiguities, uneven enforcement and procedural delays,” it said.Against this backdrop, it emphasised the need for a comprehensive cybercrime law, complementing and harmonising existing statutes rather than abruptly replacing them.The committee also called for digital platforms, particularly social media, messaging, and hosting services being held to higher accountability standards. In addition, it strongly recommended that mandatory KYC-based verification be introduced across all social media, dating and gaming platforms to curb the menace of fake profiles, impersonation and anonymous harassment.“Platforms must carry out periodic re-verification and maintain high-risk flags for accounts repeatedly reported for abuse. Strict licensing norms and age-verification protocols must be established for dating and gaming apps, with penalties for platforms that fail to protect women and minors from fraudulent or coercive practices,” it recommended.



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‘No security concerns’: Bangladesh Cricket Board allows players to join PSL | Cricket News
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‘No security concerns’: Bangladesh Cricket Board allows players to join PSL | Cricket News


'No security concerns': Bangladesh Cricket Board allows players to join PSL

NEW DELHI: The Bangladesh Cricket Board (BCB) on Monday cleared its players to take part in the Pakistan Super League (PSL) 2026 after consultations with government authorities.In a statement issued on Monday, the board said it had been in touch with the Ministry of Youth & Sports and the Ministry of Foreign Affairs before taking a decision.“Bangladesh Cricket Board (BCB) wishes to inform that it has maintained close coordination with the Ministry of Youth & Sports and the Ministry of Foreign Affairs of the Government of Bangladesh regarding the participation of Bangladeshi cricketers in the Pakistan Super League (PSL) T20 tournament”, the statement said.“Following consultations, it has been confirmed that there are no prevailing security or safety concerns for the players selected to represent various franchises in the competition. This conclusion has been reached based on assurances received from the Bangladesh Mission in Islamabad”, it added, as cited by news agency ANI.“With these assurances in place, the players have travelled to Pakistan for the tournament”, the statement said.“The BCB reiterates that the well-being of its players remains its foremost priority. The Board will continue to remain in close contact with all concerned parties”, it added.The tournament is scheduled to run from March 26 to May 3. It will be held without spectators due to the ongoing West Asia situation and a fuel crisis in Pakistan.Mohsin Naqvi, chairman of the Pakistan Cricket Board, said Prime Minister Shehbaz Sharif has asked people to “restrict their movements because of the fuel crisis.”The number of venues has also been reduced from six to two, with matches set to be played in Lahore and Karachi. The opening ceremony in Lahore has also been cancelled.Earlier, players including Mustafizur Rahman and Parvez Hossain Emon (Lahore Qalandars), Shoriful Islam, Nahid Rana and Tanzid Hasan Tamim (Peshawar Zalmi), and Rishad Hossain (Rawalpindi PindiZ) had been granted No Objection Certificates by the BCB after being picked by franchises.

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