Author: Sarita Jena

  • SEBI Revamps IPO Rules and Investment Banking for Better Protection

    SEBI Revamps IPO Rules and Investment Banking for Better Protection

    The Securities and Exchange Board of India (SEBI) has announced some important changes to help small and medium businesses get listed on the stock market. Here’s what you need to know:

    – New Rules for IPOs: Now, companies must show they are profitable before they can offer their shares to the public. There will also be limits on how much existing shareholders can sell at once.

    – Lock-In Period: Company owners (promoters) will have to keep their shares locked up for a certain period, which helps keep the stock stable.

    – Merchant Bankers: These are the banks that help companies go public. They cannot manage a company’s IPO if the key staff owns too much of its shares, helping avoid conflicts of interest.

    – Streamlined Fund Process: SEBI will set specific timelines for when new funds need to be used and make it easier for Asset Management Companies (AMCs) employees to comply with rules.

    – New Agency for Risk Verification: There will be a new body created to check and confirm risk-return metrics for investment advisors and traders to ensure they are acting responsibly.

    – Electronic Payments: To make buying and selling shares faster, SEBI will require everyone with a demat account to use electronic payments.

    – Investment Banking Changes: SEBI is separating investment banks into two categories based on their size. Bigger banks need to meet higher revenue goals to keep their licenses.

    – Expanded Definition of UPSI: The term “Unpublished Price Sensitive Information” (UPSI) has been broadened to include more important news that could affect stock prices.

    – Improved Governance for Debt Issuers: New standard rules will help protect investors in debt instruments.

    – Mandatory Reporting for ESG: Companies will need to share their Environmental, Social, and Governance (ESG) reports with both their investors and the public.

    – High-Value Companies Defined: The threshold to be classified as a High-Value Debt Listed Entity has increased from ₹500 crore to ₹1,000 crore, which means only larger companies will be categorized this way.

    – New Guidelines for Special Purpose Entities: There will be stricter rules around who can manage Special Purpose Distinct Entities for better accountability.

    – AI Responsibility: Lastly, businesses using artificial intelligence tools must ensure they handle data responsibly and follow the rules to keep the market fair.

    These new measures aim to build a safer and more trustworthy financial market for everyone.

  • Concerns Rise Over NREGA: Job Card Issues & Delayed Payments

    Concerns Rise Over NREGA: Job Card Issues & Delayed Payments

    During a recent meeting in New Delhi, the Union Minister for Rural Development, Shivraj Singh Chouhan, gathered important voices to discuss problems facing the National Rural Employment Guarantee Act (NREGA) in India. The meeting included suggestions from civil society groups, workers, and officials from different states.

    One big issue raised was the deletion of job cards. The participants explained that when job cards get deleted, it should follow proper procedures. Many deletions happen without enough checks, which shakes people’s trust in the system. After a new system called ABPS was made necessary, the number of deleted job cards increased dramatically.

    In 2022-23 and 2023-24, around 2.25 crore and 1.02 crore job cards were removed, respectively. Delayed payments to workers were also a major concern. The participants mentioned that these delays and low wages discourage people from working, leading them to quit or even leave their homes in search of better jobs.

    Chouhan emphasized the need for better coordination in implementing NREGA to prevent fraud and ensure fairness. He believed that if the system works correctly, the government can provide jobs more easily.

    Another topic of discussion was the situation in West Bengal. The central government has stopped sending NREGA funds to the state since December 27, 2021, citing concerns over possible misuse of money. It was suggested to form a committee with members from both ruling and opposition parties, along with civil society members, to look into these concerns.

  • Passenger Sparks Outrage After Bringing Huge Great Dane on Flight

    Passenger Sparks Outrage After Bringing Huge Great Dane on Flight

    A man with a huge Great Dane on a plane has caused a lot of people to complain online. Recently, a content creator named Rob posted a video on Instagram showing this man bringing his Great Dane as an “emotional support animal” (ESA) onto a commercial flight.

    In the video, the flight attendant seemed surprised when the massive dog stepped on her foot, crying out in pain, “Ow!” The dog owner quickly apologized. Rob asked in his post, “Have we taken this support animal thing too far?”

    Many people on social media reacted negatively, agreeing that a dog this big shouldn’t be on a plane. One person wrote, “Emotional support for one person, emotional stress for everyone else! This is ridiculous.” Another person noted that this dog didn’t look like a trained therapy animal.

    Support animals, especially in the U.S., have become a big topic. While some believe they help people, others feel that not every pet deserves the same privileges as trained service animals. The video gathered about 3.6 million views, with some people even saying the flight attendant was overreacting.

    Great Danes are one of the largest types of dogs. They can weigh between 110 to 180 pounds (50 to 82 kg) and stand 30 to 34 inches tall. They originally came from Germany and were bred to hunt large animals like wild boar.

  • Mamta Kulkarni’s Emotional Return to Mumbai After 25 Years

    Mamta Kulkarni’s Emotional Return to Mumbai After 25 Years

    Famous actress Mamta Kulkarni recently came back to Mumbai after being away for 25 years. In an interview with ANI, she shared that she didn’t return for Bollywood and has no plans to act again.

    She talked about her relationship with Vicky Goswami, saying, “I don’t know anyone in the drug world because I never met those people. I started my spiritual journey in 1996 when a guru entered my life.” Mamta recalled that Vicky contacted her while he was in jail in Dubai, and they spent time together for 12 years.

    During that time, she focused on meditation and worship, saying, “I got busy with meditation, penance, and worship.” She felt her desires for love and marriage disappeared. Vicky came out of jail in 2012, but by then, she had decided not to return to India until he was released. After a visit to the Kumbh Mela in 2012-2013, she came back to Dubai.

    In 2017, there was a non-bailable warrant for Mamta and Vicky due to a drug case, which was linked to a 2014 sting operation. Vicky went back to Kenya while Mamta continued her penance, saying, “I did penance for myself.” The last time she spoke to him was in 2016, and now, they are no longer in touch.

    Recently, Mamta shared a video on Instagram expressing her feelings of nostalgia as she re-entered Mumbai, feeling emotional about returning to her homeland after 23 years. “I got emotional when I saw my country from the plane for the first time in so long,” she said. In her post, she wrote, “BACK TO MY MOTHERLAND AFTER 25 YEARS.”

    Mamta Kulkarni was popular in the 90s and starred in hit movies like Karan Arjun and Baazi, working alongside big stars like Shah Rukh Khan and Salman Khan. However, in the early 2000s, she stepped away from Bollywood and chose to live outside of the spotlight.

  • Young Voters Shockingly Support CEO Killer Luigi Mangione

    Young Voters Shockingly Support CEO Killer Luigi Mangione

    A surprising number of young people think that Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, did the right thing. According to a recent Emerson College poll, 41% of U.S. voters aged 18-29 say Mangione’s actions were “acceptable.” Among these young voters, 24% said it was somewhat acceptable, and 17% said it was completely acceptable.

    The poll also showed differences between political parties. Only 22% of Democrats think Mangione’s actions were okay, but only 2% of Republicans and 16% of independents agree.

    Mangione, a 26-year-old Ivy League graduate, was charged with murder after Thompson was killed outside a hotel in Midtown on December 4. Recently, he was hit with even more serious charges.

    Since Thompson’s death, some people have disturbingly celebrated it. At a party in Boston with a Disney theme, pictures of Mangione were shown while music played. The DJ displayed a slideshow that praised the alleged killer.

    After hearing about the murder, former journalist Taylor Lorenz shared her thoughts online, saying, “And people wonder why we want these executives dead.” She explained that if someone has seen a loved one suffer because of insurance companies denying medical treatments, it makes sense to feel angry about those in charge.

    A professor from the University of Pennsylvania, where Mangione studied, called him an “icon.” Julia Alekseyeva said she’s proud to be a teacher there.

    In Washington Square Park, there was even a contest for people who looked like Mangione, with a $50 prize. Many people on social media are showing support for him, with some calling him “Gen-Z’s Ted Bundy.”

  • 13 Killed in Navy-Ferry Crash in Mumbai: Investigation Underway

    13 Killed in Navy-Ferry Crash in Mumbai: Investigation Underway

    On Wednesday afternoon, a terrible accident happened between a Navy speedboat and a passenger ferry called Neel Kamal. The crash occurred about 8.25 kilometers from the Gateway of India, as the Navy boat was testing its engine. Sadly, thirteen people lost their lives, including a Navy officer and two naval workers. The ferry had over 100 passengers, many of whom were visiting the city for the first time.

    The ferry had set off at 3:15 PM, and the crash took place around 3:55 PM. After the accident, rescue operations began quickly. A nearby pilot vessel from the Jawaharlal Nehru Port Authority managed to save 56 passengers. Other boats, including the Navy and Coast Guard, joined the effort, leading to a total of 98 rescues. Most passengers were taken to hospitals, while ten bodies were sent to a hospital in Navi Mumbai.

    The Navy released a statement saying that their speedboat lost control because of engine trouble. They promised to investigate if the engines were of poor quality. Both the Chief Minister, Devendra Fadnavis, and the Indian Navy ordered separate investigations into the accident.

    Shortly after the incident, police registered a case against the driver of the Navy boat. The FIR was based on complaints from one of the ferry passengers and a relative who recorded the crash. Currently, four rescued people are in critical condition at different hospitals.

    CM Fadnavis said that a new engine was put into the Navy speedboat right before the test. He announced a compensation of ₹5 lakh (about $6,600) for the families of those who died and assured a thorough investigation. Prime Minister Narendra Modi also announced a financial aid package of ₹2 lakh for the families of the deceased and ₹50,000 for the injured.

    There is a disagreement about how many people were on the ferry. The owner of Neel Kamal claims that there were about 80 passengers and that the boat had enough life jackets. However, some survivors said the boat was very crowded, with over 100 people and that there were not enough life jackets for everyone.

    An officer from the local police said that the boat was overcrowded and lacked enough safety equipment. The Maharashtra Maritime Board is investigating the exact number of passengers on the ferry.

  • Your Daily Love Horoscope: Simple Tips for Each Zodiac Sign

    Your Daily Love Horoscope: Simple Tips for Each Zodiac Sign

    Aries: Today, your kindness is important in your relationships. If you’re with someone, your caring nature will make them feel loved, and they might return that love unexpectedly. If you’re single, people will be attracted to your nice personality.

    Taurus: Working together with others is key today. If you have a partner, share your hopes and dreams with them. They will likely support you. If you are single, lean on your friends for help.

    Gemini: Your energy attracts lively friends today! Reach out and connect with them. Whether it’s for fun or love, these friendly chats can bring you closer. If you’re in a relationship, focus on good communication and add some fun.

    Cancer: It’s a great day to show love creatively. Surprise your partner with something romantic to make your bond stronger. If you’re single, express yourself through art, music, or words to find someone who connects with you.

    Leo: Today, you have many chances for romance! Your partner might notice your sweet actions, making both of you feel happy. If you’re single, be flirty and friendly with someone special.

    Virgo: Spend some time thinking about what makes you happy. Talk openly with your partner about your relationship and what you want. This honesty could lead to positive changes. If you’re single, embrace the growth process.

    Libra: Today is about being there for the ones you love. Listen carefully to your partner and celebrate their successes, even the small ones. Sharing laughter and support can strengthen your connections.

    Scorpio: Today feels magical! You and your partner are in sync, but remember that nobody is perfect. Embrace the good while accepting each other’s flaws. Singles should enjoy new friendships but keep it realistic.

    Sagittarius: This is a romantic day, and someone special might catch your attention. Enjoy getting to know this person and step away from your daily routine to let this new relationship blossom.

    Capricorn: If you’re feeling uncertain about your relationship, show your love in simple ways. Be gentle with your partner and avoid overthinking things. For singles, small gestures like smiling or helping someone can mean a lot.

    Aquarius: Real love allows you to be yourself. If past relationships made you feel lost, focus on finding someone who appreciates you as you are. It’s time to be true to yourself and your partner.

    Pisces: You are loyal and reliable, which helps others feel safe with you. Today, share your feelings to strengthen your relationships. Show care through words and actions, but avoid being overly possessive.

  • Diddy’s Slimmer Look: Court Appearance Shocks Fans and Media Alike!

    Diddy’s Slimmer Look: Court Appearance Shocks Fans and Media Alike!

    Sean “Diddy” Combs surprised everyone during his court appearance on Wednesday. He looked much thinner and had more gray hair than usual. Diddy has been spending time in a detention center as he gets ready for his trial next year. He is facing serious charges related to racketeering and sex crimes.

    A judge named Arun Subramanian decided not to believe Diddy’s claims that the government leaked a 2016 video. This video allegedly showed him hurting his ex-girlfriend, Cassie Ventura. The judge said there wasn’t enough proof to support Diddy’s accusation.

    Journalist Elizabeth Millner, who saw Diddy in court, described his change in appearance as “astonishing.” She noted that he looked much different from his previous lavish lifestyle. Before being locked up, he was seen enjoying time in Central Park, but now he seems to be affected by his time in detention. Millner pointed out that he looked “thinner” and “grayer.”

    Diddy has given up trying to get out on bail before his trial, which is set for May. His lawyers have made several requests, but all have been denied. Diddy has pleaded not guilty to all charges, which could mean many years in prison if he is found guilty.

    On Monday, a federal judge also declined Diddy’s request to look into claims that the government shared the video of him and Cassie Ventura. She was the first to sue him last November, but they quickly settled the case. Diddy argued that sharing the video was intended to hurt his reputation, but the judge ruled there was not enough proof to back up this claim.

  • Va Tech Wabag Shares Plummet Over 11% After Project Cancellation

    Va Tech Wabag Shares Plummet Over 11% After Project Cancellation

    Mumbai: Shares of Va Tech Wabag dropped over 11% on Wednesday after the company revealed they lost a major ₹2,700 crore deal for a large seawater desalination plant in Saudi Arabia. The stock price even fell by 20% during the day, closing at ₹1,672.95 on the BSE.

    However, some analysts believe this drop could be a good chance for investors to buy the stock. They point out that Va Tech Wabag still has a solid order book worth ₹11,900 crore and good prospects for growth in the future.

    For companies like Va Tech Wabag, the first year of a desalination project usually brings in 10-12% of its expected annual earnings. The cancelled project would have had a net profit margin of 10-11%. Due to the cancellation, it’s estimated that the company’s profits for FY26 could decrease by 8.1%, according to analyst Dheeraj Ram from Ashika Institutional Equity Research.

    Currently, the stock is valued at 35 times its predicted earnings for FY26, and this price drop makes it a potentially smart investment. In the last six months, Va Tech Wabag shares have risen by 49%, performing much better than the Nifty index, which only went up by 3%.

    In their official announcement on Tuesday, the company mentioned that they were informed on December 16, 2024, that the desalination project has been cancelled due to the client’s internal processes. Va Tech Wabag is now talking to the client to understand why the deal was cancelled and expects a new tender to be issued soon. They plan to participate in the re-bidding process.

  • India’s Tourism Industry to Surge Over 24% in the Next Five Years

    India’s Tourism Industry to Surge Over 24% in the Next Five Years

    India’s tourism business is set to grow by more than 24% each year for the next five years! This boost will come from the country’s strong economy, a growing middle class, and government efforts to make traveling better for everyone, both local and international, according to Tourism Minister Gajendra Singh Shekhawat. In 2025, we expect the sector to grow between 12% and 13%.

    The government is working on lots of projects to improve popular tourist spots and create new ones. Many famous vacation destinations are packed with visitors every weekend, showing a big demand that isn’t fully met yet!

    A new report says that India’s tourism and hospitality sectors could create 6.1 million new jobs by 2036-37. Foreign tourist arrivals are also increasing as we approach the end of the year, getting closer to numbers we saw before COVID. Domestic tourism is booming, making it important to solve the problem of too many visitors and not enough places to stay, which is causing prices to rise.

    Good hotels at popular locations can cost between $200-400 a night. Because of this, many upper middle-class Indian families are choosing to travel abroad. Meanwhile, international tourists prefer hotels costing $100-125 per night, which is why they also look at other countries.

    Shekhawat added that the government is encouraging states to build more affordable, quality hotels, sharing smart policies that have worked in states like Rajasthan. The finance ministry has backed 40 tourism projects across 23 states, allocating around Rs 3,300 crore to support this. For instance, Goa is launching campaigns to promote attractions beyond its famous beaches.

    To help tourists discover more about Kashmir, new sites are being developed with help from the World Bank. From January to August, over 6.19 million foreign tourists visited India, which is a slight 3.7% increase from last year but 10.4% lower than in 2019.

    In good news, foreign exchange earnings have hit $20.5 billion this year so far, up from $18 billion last year and $19.7 billion in 2019. This is exciting because it means that even though fewer tourists are arriving, the money they’re spending is more than before!

    The e-visa is now available for travelers from 168 countries and covers seven types of visits. We even offer multiple entry visas and are discussing visa-on-arrival options with some countries. Prime Minister Narendra Modi is asking Indian citizens living abroad to invite more people to visit India. People referred by them will not have to pay visa fees. We plan to provide 100,000 free visas to these travelers to help grow tourism even more!