The US House of Representatives passed a symbolic resolution on December 6 backing a two-state solution to the conflict between Israel and the Palestinians, following initiatives from President Donald Trump seen as heavily favouring the Jewish state.The Democratic-led House voted 226 to 188, largely along party lines, for a non-binding resolution saying that only a two-state solution can both ensure Israel's survival as a Jewish state and fulfil the Palestinians' "legitimate aspirations" for their own state.Since he became president in January 2017, the Republican Trump has been condemned by Palestinian and some Arab states' leaders for reversing long-held US policies to recognise Jerusalem as Israel's capital in 2017, move the US embassy to the city in 2018 and cut US aid to Palestinians.Close In March 2019, Trump recognised Israel's annexation of the Golan Heights, captured from Syria in 1967. And last month, Secretary of State Mike Pompeo said Washington would no longer … [Read more...] about US House passes resolution breaking with Trump on Israel policy
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Securities and Exchange Board of India (SEBI), in an order dated December 6, 2019, revealed charging a show-cause notice on stakeholders of UTI Asset Management Company (AMC) - State Bank of India, Life Insurance Corporation, and Bank of Baroda on July 19, 2019, towards regulatory action.The market regulator directed three public sector financial institutions -- LIC, SBI, and Bank of Baroda -- to dilute their stakes to below 10 percent in by December next year.In the case of non-compliance with directions, the shareholding and voting rights of these entities in UTI AMC and UTI Trustee in excess of 9.99 percent and corporate benefits will be frozen till the time they comply with the orders.Close The stakeholding of SBI, BoB, and LIC in UTI AMC is in contravention of an amendment to SEBI MF Regulations on March 13, 2018, requiring an asset management company (AMC) to be a sponsor and stakeholder holding 10 percent or more, of only one mutual fund, thereby reducing cross-holding in any … [Read more...] about UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?
The Sensex and the Nifty closed the week with losses of about 1 percent. The Nifty, which hit a record high of 12,158 last week, failed to hold onto the momentum and closed with losses of 1.1 percent for the week ended December 6.Experts are of the view that selling was largely seen in the rate-sensitive pack after the RBI policy outcome. The consolidation may continue in the coming week as well, but 11,700-11,800 is likely to act as crucial support for the Nifty, they say.Below are the top 10 stocks which moved the most this week:Close Whirlpool, up 9% related news D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating Andhra Bank share price falls 3% after RBI imposes Rs 25 lakh penalty The share price of Whirlpool gained over 9 percent for the week on consistently strong financial performance. A sharp gain in the market price has seen the company enter the list of top 100 companies with the … [Read more...] about Top gainers & losers: Top 10 stocks which moved the most this week, YES Bank tanks 18%
Chelsea manager Frank Lampard admitted the club will be on the lookout for new faces in the January window after a FIFA-imposed transfer ban was reduced on appeal by the Court of Arbitration for Sport (CAS) on Friday. The ban, imposed following violations in the recruitment of minors, was reduced from two transfer windows to one, which Chelsea already served in the summer.A fine was also reduced from 600,000 Swiss francs ($607,000; ?462,000) to half that amount by the Lausanne-based court.Close Lampard insisted he had not yet had any conversations with Chelsea's board about transfer plans, but will start them now in earnest. related news EPL: Tottenham Hotspur must fix leaky defence and stop cheap goals says Mourinho EPL: Watford name Pearson as head coach until end of season EPL: Manchester City flex financial muscle to leave neighbours United lagging behind "It's a positive outcome for us. It allows us the potential to look at the market going forward," Lampard said at a … [Read more...] about EPL: Chelsea set to look for new signings in January after transfer ban cut