#Ajay Tyagi Tumblr posts

  • survesanika60
    26.11.2021 - 1 week ago

    Future Retail guilty of financial irregularities, says Amazon

    Amazon is fighting a legal battle with FRL to stop the Kishore Biyani-led retailer's $3.4 billion deal with Reliance Industries Limited (RIL)

    US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal, and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency.

    Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator’s conditional approval granted to FRL related to the merger deal between the Future group and Reliance. The letter has also been sent to top officials of the stock exchanges.

    Amazon’s letter to the FRL independent directors, dated November 24, which Business Standard has accessed, states: “Given the nature of disclosure and findings, a careful and detailed examination must be made by statutory authorities/regulators/enforcement agencies also to enquire and investigate into the financial statements, and records, including related-party transactions and discussions in board, and audit committee meetings, in the interest of public shareholders, banks, creditors, and third party suppliers.”

    #Amazon#FRL#Future Group #Future Retail independent directors #Future Retail#CCI #Competition Commission of India #financial irregularities#sebi#ajay tyagi
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  • thenations
    26.11.2021 - 1 week ago

    Amazon's letter is nothing however an afterthought, says Future group

    Amazon’s letter is nothing however an afterthought, says Future group

      Amazon shouldn’t be a shareholder or creditor of Future Retail (FRL) and therefore has no locus standi to ship the letter, a spokesperson for the Future group stated in response to a question. “Amazon’s letter is nothing but an afterthought and a counterblast to the show-cause notice by the Competition Commission of India against Amazon in pursuance of the complaint by Future Coupons Pvt Ltd…

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  • thenations
    26.11.2021 - 1 week ago

    Future Retail responsible of monetary irregularities, says Amazon

    Future Retail responsible of monetary irregularities, says Amazon

    US e-commerce big Amazon has written to the unbiased administrators of Future Retail Restricted (FRL), together with Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, offering information and alleging that there have been vital monetary irregularities to the bias of public shareholders, banks, collectors, and third-party suppliers. Amazon has stated this warrants an…

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    #Ajay Tyagi#Amazon#cci #Competition Commission of india #financial irregularities#FRL#Future group#Future Retail #Future Retail independent directors #Sebi
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  • survesanika60
    05.10.2021 - 1 mont ago

    Cybersecurity management is a continuous process: Sebi chairman Ajay Tyagi

    "Clearly, cybersecurity management is not a one-time event but a continuous process - it is not a project but a journey," he added

    Cybersecurity management is not a one-time event but a continuous process, Ajay Tyagi, chairman, Securities, and Exchange Board of India (Sebi), said on Monday.

    While speaking at the inauguration of joint certification course in Cybersecurity Foundation by NISM, CERT-In and C-DAC, Tyagi said Sebi has been constantly stepping up its cyber security efforts both internally as well as externally.

    He also highlighted the Sebi’s cyber security efforts related to market infrastructure institutions, intermediaries, mutual funds, and its internal measures.

    “Clearly, cybersecurity management is not a one-time event but a continuous process — it is not a project but a journey,” he added.

    The cyber security certification course will help in understanding Cyber Security Framework based on the pillars — identify, build, detect, respond, and recover.

    “This course with features like self-paced e-learning, proctored test and affordable fee structure will encourage stakeholders in securities markets to learn and be aware of cyber security issues,” Tyagi said.

    Since Sebi receives and deals with a lot of sensitive and important data, we have implemented a robust cyber security framework internally, he said.

    #sebi#Ajay Tyagi#Cybersecurity management #Securities and Exchange Board of India #Cyber Security Framework
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  • survesanika60
    05.08.2021 - 3 monts ago

    Framing investor charter for securities mkt: Sebi chairman Ajay Tyagi

    Capital markets regulator Sebi is working on framing a charter for investors in the securities market, which is aimed at bringing more transparency in the investment process

    Capital markets regulator Sebi is working on framing a charter for investors in the securities market, which is aimed at bringing more transparency in the investment process.

    The charter will focus on the rights and responsibilities of investors and also the investor grievance redressal mechanism. "Efforts are on to frame the investor charter, as announced in the Union Budget 2021-22," Sebi chairman Ajay Tyagi said in the regulator's annual report 2020-21.

    It has been proposed to have a charter for Sebi and separate charters for entities regulated by the markets regulator, the report noted.

    Also, it has been proposed to prescribe timelines for various investor-related activities in the charter, it added.

    The investor charter will not only help to bring in more transparency in the investment process but also encourage investors in the market to invest with better knowledge, the report noted.

    With an objective to provide protection to investors, Finance Minister Nirmala Sitharaman in the Union Budget 2021-22 had proposed to introduce an investor charter as a right of all financial investors across all financial products.

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  • indiaupdatesblog
    23.07.2021 - 4 monts ago

    SEBI chief says IPOs like Zomato show maturity of Indian market https://dlvr.it/S4GrJh via - India Updates News

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  • survesanika60
    25.02.2021 - 9 monts ago

    Unifying bond markets will allow use of common infra: Sebi's Ajay Tyagi

    "Unification of government bond and corporate bond markets is an idea whose time has come," Tyagi said while speaking at CRISIL's 6th bond market seminar

    Unification of government bond and corporate bond markets will enable the trading of such securities on the same platform, thereby utilising common infrastructure for trading, clearing, settlement and holding of securities, said Sebi chairman Ajay Tyagi.

    "Unification of government bond and corporate bond markets is an idea whose time has come," Tyagi said while speaking at CRISIL's 6th bond market seminar.

    He further added that this would lead to seamless transmission of pricing information between G-Secs and corporate bonds.

    Corporate bonds, which are generally priced on the basis of G-Secs of comparable maturity, would therefore be priced more appropriately. The proposal would lead to economy of scope and scale, and increased liquidity for both G-Secs as well as corporate bonds and also facilitate greater participation by retail and non-institutional investors.

    Tyagi, in his speech, laid out several other steps that are needed for further development of corporate bond market.

    Emphasising on credit enhancement mechanism, he said the issuances by infrastructure projects do not typically fall in the category of top-rated corporate bonds.

    Thus, a credible credit enhancement mechanism is required to improve the rating category of infrastructure special purpose vehicles (SPVs), which, in turn, would facilitate these SPVs to raise funds from the corporate bond market.

    "This would be crucial to meet infrastructure financing targets as per the National Infrastructure Pipeline," he said. He also noted that expanding the investor base with preference for lower rated corporate bonds is required for further deepening of the corporate bond market.

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  • asr24news
    05.01.2021 - 10 monts ago

    गाजियाबाद कांड : 25 मौतों का जिम्मेदार अजय त्यागी गिरफ्तार

    गाजियाबाद कांड : 25 मौतों का जिम्मेदार अजय त्यागी गिरफ्तार

    सीएम ने दिए मुख्य आरोपी के खिलाफ रासुका लगाने के निर्देश लखनऊ। उत्तर प्रदेश के गाजियाबाद में 3 जनवरी 2021 रविवार को श्मशान में हुई घटना के मुख्य आरोपी ठेकेदार अजय त्यागी को सोमवार की देर रात पुलिस ने गिरफ्तार कर लिया। अजय त्यागी पर पुलिस ने 25 हजार रुपए का इनाम रखा था। पुलिस के अनुसार अजय त्यागी को गाजियाबाद के बाहर से सोमवार की देर रात गिरफ्तार किया गया। उधर मुख्यमंत्री योगी आदित्यनाथ ने सख्त…

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  • everythingshouldbereality
    05.01.2021 - 10 monts ago

    Ghaziabad: Absconding contractor accused in cemetery mishap case arrested from Muradnagar

    Ghaziabad: Absconding contractor accused in cemetery mishap case arrested from Muradnagar

    Image Source : GOOGLE Ghaziabad: Absconding contractor Ajay Tyagi, accused in cemetery mishap case, arrested  The Ghaziabad police have arrested Ajay Tyagi, the main contractor of the cemetery in Muradnagar where 25 people lost their lives after the roof of the structure collapsed. Tyagi was arrested after a day-long search operation at all anticipated places of his hiding. He was found hiding…

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    #contractor Ajay Tyagi #Ghaziabad cemetery case #ghaziabad police#Muradnagar cemetery #Muradnagar cemetery case
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  • satarknews
    04.01.2021 - 10 monts ago

    मुरादनगर हादसे का मामला मानवाधिकार आयोग पहुंचा, कॉन्ट्रैक्टर अजय त्यागी पर इनाम घोषित

    मुरादनगर हादसे का मामला मानवाधिकार आयोग पहुंचा, कॉन्ट्रैक्टर अजय त्यागी पर इनाम घोषित

    गाजियाबाद:  गाजियाबाद के मुरादनगर में श्मशान घाट में लेंटर गिरने का मामला राष्ट्रीय मानवाधिकार आयोग पहुंच गया है. मानवाधिकार कार्यकर्ता और अधिवक्ता विष्णु कुमार गुप्ता ने आयोग में याचिका दायर की है.  इसमें उन्होंने मामले की जांच जल्द पूरी करने और दोषियों के खिलाफ कार्रवाई करने की मांग की है. इसके अलावा भवन का निर्माण करने वाले कॉन्ट्रैक्टर अजय त्यागी पर 25000 का नाम भी घोषित कर दिया गया है. उत्तर…

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    #17 people buried #Contractor Ajay Tyagi #FIR In Ghaziabad Muradnagar #Ghaziabad #Ghaziabad Crematorium Accident #Ghaziabad Muradnagar accident case reached Human Rights Commission #Muradnagar #roof of crematorium fell #Shamshan Ghat accident #Shamshan Ghat Roof Fell #terrace of cremation collapsed
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