Free Press Journal
  • Sebi notifies revised listing regulations

    New Delhi: Capital market regulator Sebi has notified amended listing regulations that allow listed companies to seek shareholders’ approval for related party deals through ordinary resolutions. Besides, Sebi’s provisions for listed entities have been aligned with those of the Companies Act, 2013. The latest listing norms, finalised after consultations, will consolidate and streamline the provisions of existing listing agreements for different segments of the capital market. “The regulations have thus been structured

  • Serena Williams labours to victory

    New York: Serena Williams struggled but advanced toward the first calendar Grand Slam since 1988 by defeating Dutch qualifier Kiki Bertens 7-6 (7/5), 6-3, at the US Open. World number one Williams, a three-time defending champion seeking her seventh US Open title overall, was outplayed early by her 110th-ranked rival at Arthur Ashe Stadium. But the 33-year-old American overcame 34 unforced errors and 10 double faults, improving to 50-2 on the year

  • CBDT asks officials not to pursue pending MAT cases

    New Delhi: Seeking to calm the nerves of global investors, the tax department today asked its field officers to keep in abeyance pending assessments of MAT on foreign institutional and portfolio investors prior to April 1 this year and not to recover any outstanding dues. The Central Board of Direct Taxes (CBDT) has issued a circular following a decision taken by Finance Minister Arun Jaitley on Tuesday to accept the recommendations of

  • Investment products should have no upfront commissions: Panel

    New Delhi: A government appointed panel has suggested complete phase out of upfront commissions on investment products like insurance, mutual funds and pensions. “The spirit behind the recommendations is the idea that customers must be treated fairly,” said the report of the nine – member Committee headed by former Finance Secretary Sumit Bose.  The report, which has been put on the website of Finance Ministry, said a recurring complaint about the three

  • JCHAC to buy 72% of Hitachi Home and Life Solution

    New Delhi: A promoter group firm of Hitachi Home and Life Solution (India) will acquire 72.41 per cent stake in the company for over Rs 1,616 crore to facilitate Hitachi Appliances’ deal with Johnson Controls. JCHAC India Holdco, a wholly-owned subsidiary of Japanese giant Hitachi Appliances, would acquire the said stake.  “The shares are proposed to be transferred at the value of Rs 821 per share and settled in JPY (Japanese Yen)

  • Novak Djokovic does ‘Gangnam Style’ on court with fan

    New York: Serbian tennis star and World No.1 Novak Djokovic showed off his dance moves on court with a fan while celebrating his comfortable straight sets triumph over Austria’s Andreas Haider Maurer in the US Open men’s singles second round. The Serb took his time to find his rhythm against Haider-Maurer before shifting through the gears to claim a 6-4, 6-1, 6-2 win at the end of Day Three at the Flushing

  • Blackmoney window: Govt assures total confidentiality

    New Delhi: With fears apparently continuing to nag potential declarants, the government once again promised total confidentiality of information furnished under the one-time compliance window for unearthing blackmoney stashed abroad. In a second set of clarifications in question-answer format, the government also relaxed conditions for those who cannot get bank statements of their foreign accounts by saying it would accept their “best estimate” declarations with a rider that penalty would follow if disclosures were

  • Veteran Leander Paes, Rohan Bopanna advance

    New York: Indian tennis stars enjoyed a successful start in the US Open as veteran Leander Paes entered the mixed doubles second round while Rohan Bopanna also won his opening tie in the men’s doubles competition. Paes, alongwith Martina Hingis, eased past the local pair of Taylor Harry Fritz and C Lui 6-2, 6-2 in the first round encounter on Court 4. The fourth-seeded Indo-Swiss duo took just about 46 minutes to

  • Rafael Nadal: No plans to split with coach

    New York: Rafael Nadal insists he has no intention of severing his coaching bond with uncle Toni and assured fans that there is no need to panic over his rollercoaster form. The 29-year-old Spaniard, a 14-time Grand Slam title winner, is enduring the worst year of his career, a season which has seen him lose his cherished French Open title and slump to his lowest ranking in a decade. On Wednesday, he

  • Marin Cilic finds his groove

    New York: Marin Cilic powered his way into the third round of the US Open at Arthur Ashe Stadium on Wednesday. Cilic hit home 19 aces to sweep past Russian Evgeny Donskoy 6-2, 6-3, 7-5. The Croatian said returning to the blue court at Arthur Ashe was a moving experience, and after a first-round victory at Louis Armstrong Stadium he was back at his favorite place.

  • Shane Warne’s warning to Nick Kyrgios

    Sydney: Australian cricket great Shane Warne told tennis bad boy Nick Kyrgios respect was more important than being liked and warned him “you’re testing our patience mate”. Showman Kyrgios has been making headlines for all the wrong reasons, with his sex slur at Stan Wawrinka last month sparking stinging criticism from fellow players. He lost at the US Open Tuesday to Andy Murray before jousting with the media over his reputation and

  • Tainted trio must prove character before playing

    Karachi: Salman Butt, Muhammad Aamir and Muhammad Asif may have spent the first day after their five-year spot fixing ban on a cricket field but Pakistan chief selector Haroon Rasheed has said that the tainted trio must prove strength of character to get back into the team. “How they play cricket is important but what is more important is how they convince everyone they have changed and redeemed themselves as honest and

  • Will discuss my future with selectors: Saeed Ajmal

    Lahore: Pakistan off-spinner Saeed Ajmal on Thursday squashed reports of retirement and said he would sit with the selectors to discuss his future. The 38-year-old’s career took a nosedive ever since he was banned from bowling in international cricket in September last year. He is now bowling with a remodelled action that was cleared by the International Cricket Council (ICC) but his deliveries have lacked its earlier venom. “I never wanted to

  • Marvan Atapattu resigns as Lanka coach after India defeat

    Colombo: Former Sri Lankan captain Marvan Atapattu today resigned from the post of head coach of the national cricket team following its recent 1-2 Test series defeat against India, the country’s cricket board announced. Atapattu’s resignation comes after the island nation lost back-to-back Test series against continental neighbours Pakistan and India in the last three months. Atapattu’s resignation has been accepted by Sri Lanka Cricket’s interim chief Sidath Wettimuny. “We would like