NDTV 29.18% Stake Takeover By Adani's Halted Due To This Reason
The reported takeover of NDTV Media House by Adani's has been halted under the SEBI Act. On August 25, New Delhi Television Ltd., issued a letter to the Adani Group, saying, the takeover is not possible as Radhika and Prannoy Roy, owners of RRPR Holding Pvt. Ltd., are prohibited from engaging in any securities transactions, by India's markets… read-more
Tags: NDTV Take over, Adani Group, RRPR, SEBI Guidelines, Prohibited
Courtesy: The Free Press Journal
RBI Expressed Concern Over Cryptocurrency In India: FM Sitharaman
The FM Nirmala Sitharaman said the RBI has expressed concerns over cryptocurrencies. On July 18, Nirmala Sitharaman said, they should be prohibited as they can have a destabilising effect on monetary and fiscal stability. FM said, "In view of the concerns expressed by the RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, the RBI has recommended for framing of legislation".
Tags: FM Nirmala Sitharaman, Cryptocurrency, RBI Policy, Prohibited, Union Govt
Courtesy: Press Trust of India