March 12, 2016 in news: Sebi on ‘wilful defaulters’; Modi in Bihar

  • HT Correspondent, Hindustan Times, New Delhi
  • Updated: Mar 12, 2016 19:53 IST

From the market regulator deciding to block ‘wilful defaulters’ from markets, company boards to bonhomie between Prime Minister Narendra Modi and Bihar chief minister Nitish Kumar, here a is a quick rundown of the day’s top stories. Click ‘full story’ links for more.

Sebi bars wilful defaulters from markets, posts at listed firms

(Reuters Photo)

Market regulator Sebi said on Saturday it would ban “wilful defaulters” from standing on boards of listed companies or raising fresh funds by issuing securities to the public, as part of a crackdown on bad bank loans.

Wayward borrowers would also be barred from registering with the Securities and Exchange Board of India, its chairman UK Sinha told reporters after a meeting of its board in the capital.

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Sometimes in politics: Modi and Nitish share stage, smiles in Bihar

(AP Dube/HT Photo)

Narendra Modi and Nitish Kumar last year attacked and criticised each during Bihar elections. Saturday was different: they appeared to go out of their way to be nice to each other.

The Prime Minister and Bihar chief minister’s show of warmth for each other became a talking point during Modi’s visit to the state on Saturday, belying the acrimony that marked their relations during the assembly polls campaign.

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Ayush minister rejects RTI response of no-Muslim hire policy

(Ajay Aggarwal/HT File Photo)

The BJP-led government at the Centre does not recruit Muslims in the Ayush ministry as a policy, a news report said quoting an official RTI reply.

The report by the Milli Gazette, an influential fortnightly newspaper highlighting issues of the minority community, could give the Opposition more ammo to target the Narendra Modi-led government which it accuses of running an agenda of turning India into a “Hindu rashtra”.

Sripad Naik, the minister in charge of Ayush, condemned the report as being “false”, and said that it was “an attempt to defame us.”

The admission by the ministry – formed to promote ayurveda, yoga, naturopathy, unani, siddha and homeopathy – came in response to a series of RTI applications by journalist Pushp Sharma who had sought the number of Muslim yoga teachers and trainers hired for foreign assignments during the first World Yoga Day on June 21, 2015.

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‘Media became our enemy overnight’: Sri Sri Ravi Shankar’s PR disaster

(Parveen Kumar/HT Photo)

Art of Living founder, Sri Sri Ravi Shankar aka Ravi Shankar Ratnam is not accustomed to hostility from the media.

In fact, his highly efficient team of PR professionals dealing with bad press for the first time in 30 years thanks to the controversy surrounding the World Culture Festival organised by AoL on the banks of the Yamuna river in Delhi.

Such is the magnitude of the controversy this time that even a leading English newspaper, whose owners are known devotees of Ravi Shankar, carried front page stories on the culture festival that were less than congratulatory.

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Mallya ‘son of soil’, ‘mistakes’ happen in business: Ex-PM Deve Gowda

(AP File Photo)

Former prime minister HD Deve Gowda on Saturday tried to downplay the controversy surrounding business tycoon Vijay Mallya, describing him as a “son of soil” and said that “mistakes” happen in business.

Appearing to defend the beleagured liquor baron, Deve Gowda also said that mistakes happen in business.

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US, S Korea stage assault drill; North threatens to wipe out enemies

(AP Photo)

United States and South Korean troops staged a big amphibious landing exercise on Saturday, storming simulated North Korean beach defences amid heightened tension and threats by the North to annihilate its enemies.

The landing and assault drills on South Korea’s east coast were part of eight weeks of joint exercises between the allies which the South has said are the largest ever. The North has denounced the exercises as “nuclear war moves” and threatened to respond with an all-out offensive.

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Israeli Holocaust survivor officially named world’s oldest man

(AFP File Photo)

Yisrael Kristal survived two World Wars and the Holocaust but doesn’t consider himself particularly remarkable, despite being named the world’s oldest living man Friday at age 112.

The Israeli was born in what is now Poland on September 15, 1903, three months before the Wright brothers’ first powered and controlled aeroplane flight.

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Obscene buffoon or political genius? Top 10 Trump-isms

(AP Photo)

The ongoing primaries in the United States have largely been a dull affair for those of us who reside outside the “Land of the Free”, save for one of the contenders, who has evoked terror, fear and horror in equal measure: Donald Trump.

The real-estate tycoon has constantly made headlines with frequent, offensive comments directed at minorities, fellow candidates, journalists and just about anyone under the sun.

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Maruti Suzuki Vitara Brezza Review: An SUV that ticks all the boxes

(Mohd Zakir/HT Photo)

Maruti may be king in the small car space, but what India’s largest carmaker lacked was a compact SUV model. Enter the all-new Suzuki Vitara Brezza that plugs a vital gap in the company’s model range.

The Brezza is important for yet another reason – it is a car made for India, in India; the 98% localisation of its parts has been repeatedly reiterated by Maruti officials. Let’s take a step back from all the hype and see the Vitara Brezza for what it really is.

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Force shutting an iPhone app does not extend battery life, says Apple

(Reuters Photo)

Apple has finally dispelled a long-held myth that closing apps running in the background has any positive impact on your iPhone’s battery life. The company’s senior vice president, Craig Federighi, responded to a customer’s email with a ‘No and no’, when asked if closing apps running in the background improves battery life.

Apple users have long believed that closing all background apps helps extend their iPhone’s battery life and improves performance. Though Federighi’s response has finally dismissed the myth, according to 9to5Mac.

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One point to Louis van Gaal: Giving Manchester United’s young a chance

(Reuters Photo)

Managers come in a variety of forms. There are the Jose Mourninhos -- his achievements with Porto aside---who take an already capable squad and get the best out of them, youth development being secondary. Then there are the Pep Guardiolas and Alex Fergusons who would rather bring in youth, nurture them and assemble homegrown stars to blend in with the multi-millionaires they already have and challenge for top honours.

The likes of Claudio Ranieri and David Moyes go another way. They bring in lesser known players and forge a squad which can be the favourites’ bogey team if not challenge for the first prize.

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Malaika Arora Khan files for divorce from husband Arbaaz Khan: Reports

The rumours may just be true on this one. Looks like Malaika Arora Khan has indeed filed for divorce from her husband of 17 years, producer-actor Arbaaz Khan.

Malaika is not ready to reconsider her decision even on brother-in-law and superstar Salman Khan’s request, suggests a report in Mumbai Mirror.

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No one noticed Amitabh Bachchan walk the crowded streets of Delhi

Amitabh Bachchan, who is shooting in the capital for Shoojit Sircar’s new production, went incognito and walked on the streets of the national capital without being recognised. The megastar is glad for the “masked wonders” and appreciates the “oblivion” state.

The 73-year-old star took to his official blog to share his experience, and shared a string of photographs in which he is seen wearing khaki trousers, loose fitted shirt and a training mask, which is covering half of his face.

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