The Securities and Exchange Board of India (SEBI) on November 20 approved a proposal to reduce the time taken to complete a rights issue to nearly T+31 days from the existing period of T+55 to 58 days.The markets regulator has also introduced dematerialised rights entitlements (RE) and trading of REs on stock exchanges."Shareholders holding shares in physical form will be required to provide details of demat account for credit of REs," SEBI said in a release after the conclusion of its board meeting.Close ASBA facility has also been made mandatory for all investors applying for rights issue, it added. related news Essel Group to sell up to 16.5% stake in Zee Entertainment to financial investors: Report Chhattisgarh govt assures NMDC of extension lease Also Read | SEBI may revamp norms to cut rights issue process time to 31 days at next board meetA rights issue process through the fast track route under the existing framework, typically takes about 55 to 58 … [Read more...] about SEBI revamps rights issue process, cuts timeline to 31 days
Heclo issue networks and the executive establishment
The first thing you notice about Jeff Bezos is how he strides into a room. advertisement advertisement A surprisingly diminutive figure, clad in blue jeans and a blue pinstripe button-down, Bezos flings open the door with an audible whoosh and instantly commands the space with his explosive voice, boisterous manner, and a look of total confidence. “How are you?” he booms, in a way that makes it sound like both a question and a high-decibel announcement. Each of the dozen buildings on Amazon’s Seattle campus is named for a milestone in the company’s history–Wainwright, for instance, honors its first customer. Bezos and I meet in a six-floor structure known as Day One North. The name means far more than the fact that Amazon, like every company in the universe, opened on a certain date (in this case, it’s July 16, 1995). No, Day One is a central motivating idea for Bezos, who has been reminding the public since his first letter to shareholders … [Read more...] about AmazonFresh Is Jeff Bezos’ Last Mile Quest For Total Retail Domination
Fintech startup Aye Finance on Wednesday said it has raised Rs 125 crore from Dutch entrepreneurial development bank FMO through issuance of non-convertible debentures.With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement."While we have women as co-applicants for over 95 per cent of our loans, we believe we can do more in enabling the women micro enterprises of India bring about a more transformative impact on the economy," Aye Finance MD and founder Sanjay Sharma said.Close Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme. related news Company continuously working on a resolution plan: Suzlon Green shoots in the telecom sector? Rivals Suzuki, Honda lose interest in Royal Enfield style of bikes "We expanded our branch network this year to Bihar, Jharkhand, Gujarat and … [Read more...] about Aye Finance raises Rs 125cr from Dutch Bank FMO
On a typically drizzly Seattle night this past May, a crowd shuffled through metal detectors to pack the plaza outside CenturyLink Field, the downtown stadium where the Seahawks play football. Beneath a small white party tent sat Paul Allen—music nerd, lead guitarist of blues-based rockers The Underthinkers, philanthropic Renaissance Man, and a Microsoft cofounder. It’s not unusual to see him at the stadium during football games (he owns the team, along with the Portland Trailblazers), but tonight he was there to watch the first headline show at Seattle’s newest music event, the Upstream Music Festival and Summit, which he also founded. advertisement advertisement As a cloud of vape vapor descended over the audience, Allen and his companion reclined in lounge chairs and the producer DJ and MC Flying Lotus (real name Steven Ellison) took the stage. Ellison often performs in a special contraption: a traditional DJ booth surrounded by projection screens, … [Read more...] about A Tech Billionaire Wants To Reboot The “Best Music Scene In The World”
Each year, food companies and supermarkets donate millions of meals to hunger relief nonprofits like the Greater Boston Food Bank, a massive warehouse with two-story-tall refrigerators. Around the country, a sophisticated network of food banks and pantries helps feed people every day. But despite the billions invested in the system, it’s designed to mitigate hunger, not fix the underlying problems that cause it: millions of people in the country still rely on donated food—even if they have full-time work. advertisement advertisement “We have the most-efficient emergency food system, and we have historically low unemployment,” says Noreen Springstead, the executive director of the nonprofit WhyHunger. “And still 40 million Americans are hungry.” Hunger is less a problem of food scarcity than of poverty, she argues. And that means that the country’s system of hunger relief, and the philanthropy supporting it, needs to continue to … [Read more...] about Can food banks put an end to hunger if their biggest donors are the cause of the hunger?