Sebi Enforces Cooling-Off Rule for Directors at MIIs
Markets regulator Sebi has tightened governance norms for market infrastructure institutions (MIIs)—including stock exchanges, clearing corporations, and depositories—by introducing a mandatory cooling-off period for directors before they can move to a competing entity.The new rules are part of amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, and the Depositories and Participants Regulations, 2018, as per Sebi notifications dated April 30.Under the revised framework, non-independent directors serving on the board of an MII w..
Commercial Operations Begin at Logistics Park in Nagpur
The Multi Modal Logistics Park (MMLP) at Sindi near Wardha in Nagpur has officially commenced commercial operations, receiving its first cargo consignment of 123 Maruti cars from Farukhnagar on April 28. Developed by National Highway Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA), the park spans 150 acres and is being built at a total cost of Rs 6.73 Bn.The project is being executed under a public-private partnership model in three phases, with Phase I requiring an investment of Rs 1.37 Bn. A special purpose vehicle, Maharashtra MMLP Pvt Ltd, has been formed by..
PM Modi Launches Rs 580 Bn Infra Drive in Andhra
Prime Minister Narendra Modi inaugurated and laid the foundation stone for development projects worth over Rs 580 Bn in Amaravati, Andhra Pradesh. The initiatives span highways, railways, capital infrastructure, flood mitigation, and defence, with a focus on improving logistics, connectivity, and regional development.Seven National Highway projects were launched, including widening and construction of roads over bridges and subways. These aim to enhance connectivity to key destinations like Tirupati, Srikalahasti, Malakonda, and Udayagiri Fort. Six additional highway projects and a railways pr..
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