Srikant

He will take over from Bhargav Dasgupta, who will be officiating his duties until the close of business hours on 30 November 2023

National Centre for Financial Education (NCFE), promoted by capital markets watchdog Sebi and other regulators, has invited applications for the post of chief executive officer.
The CEO is expected to provide administrative, operational and strategic leadership to NCFE under the overall guidance of its board of directors, according to a public notice issued by the Securities and Exchange Board of India (Sebi).
The appointment would be on contract basis for a period of three years initially, which can be extended up to a maximum of two years or till the age of 65, whichever is earlier.
Applicants are required to have the vision and ability to transform NCFE into an institution of national importance. The selected candidate will exercise general supervision and control over the day-to-day affairs of the institute and implement the decisions of its governing board, the notice said.
Also, the selected candidate needs to develop new partnerships with multiple agencies and stakeholders -

Gold sales, Gold sales in India

Tune in to the podcast, to know on the subject of separation of the CMD post at listed companies

Appointment of a lead independent director might be a better option than mandating separation of the positions of chairperson and MD/CEO

How companies performed and rewarded their leaders: Explained in six charts

Challenges of succeeding a CEO with a long tenure

technology, big data, jobs, employment, work

More than a third of big companies around the world had three or more CEOs between 2007 and 2017

Indovative Products, a Delhi-based start-up that manufactures currency packaging products, submitted its bids but was rejected on the technical ground that it lacked "past experience"

Bank Note Paper Mill

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

He pointed out that the year-on-year growth in September appeared somewhat "muted", primarily attributed to the substantial base effect

Auto sales continue to slide in Dec, likely to remain subdued for some time

Stock market holiday: After Mahatma Gandhi Jayanti on October 2, the market will be closed on October 24, Tuesday, for Dussehra

Stock market, NSE

Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week

Bitcoin, cryptocurrency

Pakistan has witnessed several severe terrorist attacks in the recent past. The presence of al-Qaeda and Taliban terrorists constitutes an existential threat to Pakistan's stability

Pakistan blast

Amid a row over Ramesh Bidhuri's derogatory remarks in the Lok Sabha against him, BSP MP Danish Ali on Friday urged Prime Minister Narendra Modi to make a public statement condemning Bidhuri's behaviour and ensure "suitable punishment" to the BJP MP.
In a letter to the prime minister, Ali also demanded that he be provided enhanced security in view of an "escalation of threats" against him.
The recent incident during the special session of Parliament was not just an attack on him as an individual but an attack on the "very essence of democracy", Ali said.
Expressing grave concern as a Member of Parliament over the "recent shameful events" that occurred on the floor of the House, the BSP leader called on the prime minister, as the Leader of the House, to take note of the incident.
"As you must be aware, the situation has significantly worsened since September 21, 2023, and it has cast a shadow over the parliamentary decorum and democratic functioning of our esteemed House of which I

Kunwar Danish Ali

Delhi Chief Minister Arvind Kejriwal on Friday said pollution levels declined in the national capital due to government initiatives as he announced a 15-point winter action plan to curb pollution.
The number of days witnessing severe pollution levels declined in the last eight years due to several initiatives of the city government, such as the introduction of electric buses and the EV Policy, closure of thermal power plants, 24X7 electricity and the tree transplantation programme, among others, he said at a press conference.
Kejriwal also thanked the people of Delhi for their support in helping the government reduce pollution levels.
Announcing the winter action plan, Kejriwal said the Pusa biodecomposer that prevents stubble burning will be sprayed on 5,000 hectares of farmland this year against 4,400 hectares last year.
The Pusa biodecomposer, developed by the Indian Agricultural Research Institute (IARI), is a microbial solution that can turn paddy straw into manure in 15-20 ..

Arvind Kejriwal

The Law Commission has advised the government not to tinker with the existing age of consent under the POCSO Act and suggested introducing guided judicial discretion in the matter of sentencing in cases involving tacit approval of children in the 16-18 age bracket.
The Law Commission has submitted its report on the age of consent under the Protection of Children from Sexual Offences (POCSO) Act to the Law Ministry in which it has suggested that amendments are needed in the legislation to remedy the situation in cases involving tacit approval, though not consent in law, on the part of children aged between 16 and 18.
The current age of consent in India is 18.
The panel said that reducing the age of consent will have direct and negative bearing on the fight against child marriage and child trafficking and also advised courts to tread with caution even in cases where it is observed that adolescent love cannot be controlled and criminal intention may be missing.

gavel

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of managing director (MD) and chairperson, three joint MDs and one whole time director

Just a few days before Invesco’s notice, proxy advisory firm Institutional Investors Advisory Services (IIAS) had asked Zee shareholders to vote against Kurien and Chokhani.

Corporate governance, Shareholders

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents

Vedanta, minning, manufacturing

Multi-sector investment firm IQuest Enterprises will acquire the active pharmaceutical ingredients (API) business of Viatris in India for an undisclosed amount.
The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday.
IQuest emerged as the preferred investor following a global competitive bid, it added.
As part of the deal, the company will acquire six API manufacturing facilities, three each in Vizag and Hyderabad, an R&D facility in Hyderabad, and third-party API sales.
"We are excited about our largest investment in the pharmaceutical sector till date. Our investment comes at an opportune time when India is drawing significant attention amongst the global pharma industry," IQuest Enterprises Executive Director Gunupati Swathi Reddy noted.
IQuest Enterprises is a multi-sector investment company. It has invested in various entities like AIG ...

pharma, medicine, drugs

Vedanta group firm Hindustan Zinc Ltd on Monday said its production of mined metal dropped marginally by one per cent to 2,52,000 tonnes in the second quarter of the ongoing fiscal.
Hindustan Zinc Ltd's (HZL) mined metal production was 2,55,000 tonnes in the second quarter of the previous fiscal.
"Mined metal production in the second quarter at 252kt, marginally down YoY and two per cent down sequentially mainly due to lower ore production at Rampura Agucha & Kayad mine partly offset by better overall metal grades," HZL said in a filing to BSE.
The company's refined metal output in the second quarter at 2,41,000 tonnes, dropped by two per cent over the corresponding quarter of previous fiscal.
"Integrated zinc production at 185kt, down 2 per cent as compared to 2QFY23 and down 12 per cent sequentially.
"Refined lead production at 57kt, flat as compared to 2QFY23 and up 12 per cent sequentially on account of pyro plant operations on Lead mode during this quarter," the filing ...

Hindustan Zinc, Udaipur

A passenger was arrested for allegedly attempting to open the emergency exit door of an Indigo flight from Nagpur to Bengaluru prior to take-off, police said on Monday.
The man identified as Swapnil Holey had boarded Bengaluru-bound Indigo flight 6E 6803 from Nagpur at around 10 pm on September 30, they said.
According to police, the passenger was seated next to the emergency exit door of the aircraft. Before takeoff, while the crew members were briefing passengers, the man allegedly attempted to open the door.
After the flight landed at the Kempegowda International Airport here at 11.55 pm, Holey was escorted by the airline's staff to the police station, a senior police officer said.
He was scheduled to take a flight to Bangkok on October 1, police said.
Based on the complaint filed by the airline staff, an FIR under section 336 (Act endangering life or personal safety of others) of the Indian Penal Code was registered and the accused passenger was arrested in connection with the

CEO jobs

ICICI Lombard General Insurance appoints Sanjeev Mantri as MD & CEO

National Centre for Financial Education invites application for CEO post

Separation of the CMD post at listed companies: All you need to know

Split CMD position: Medicine without ailment?

Passing the baton... smoothly

Most new CEOs are overwhelmed, say job is harder than expected