Air India Sale: Employees to be given 3% shares under ESOP : Bulletin: Business Today
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Air India Sale: Employees to be given 3% shares under ESOP

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January 28, 2020

Ace investor Rakesh Jhunjhunwala summoned by Sebi over 'insider trading' charges
Securities and Exchange Board of India (Sebi) is probing "insider trading" charges against billionaire investor Rakesh Jhunjhunwala regarding shares of a family-owned education firm, Aptech Ltd. Apart from the ace investor and Aptech Chairman Rakesh Jhunjhunwala, the market regulator is also investigating the role of his family members, including his brother Rajesh Kumar Jhunjhunwala and wife Rekha Jhunjhunwala, Mint reported.

ED arrests DHFL boss Kapil Wadhawan in Iqbal Mirchi money laundering case

The Enforcement Directorate (ED) on Monday arrested Kapil Wadhawan, the CMD of crisis-hit Dewan Housing Finance Ltd (DHFL), in connection with its money laundering probe against the late underworld gangster and Dawood aide Iqbal Mirchi. Wadhawan has been arrested under the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe, officials said.

Air India Sale: Employees to be given 3% shares under ESOP
Air India Sale: The government, while inviting bids for Air India for the second time after two years, has said the selected bidder will have to ensure that 3 per cent of the equity shares of the acquired company are offered to its permanent employees as per terms of employee stock options or ESOP.

Four months after 'Howdy, Modi!', some Indians abroad protest over citizenship law

Prime Minister Narendra Modi got a thunderous reception when he addressed a crowd of more than 50,000 Indian-Americans in a stadium in the U.S. city of Houston last September. But four months after the event dubbed "Howdy Modi!," intended to deepen relations with the wealthy Indian-American minority which has influence in India, some members of the diaspora have been protesting against a new citizenship law. According to a Reuters report, in the past month, small demonstrations from Harvard to San Francisco have underlined criticism of what detractors say are Modi's divisive identity politics.

Coronavirus infects Asia stocks with exposure to China
Shares of companies highly exposed to China's economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a new virus outbreak, and even as some stocks involved in preventative health spiked. After the United States and Canada warned against travel to China where the new coronavirus is thought to have originated, Australian stocks resumed trading sharply lower after a public holiday the previous day. Shares of airlines and travel agents were sharply lower amid freezes on travel into and out of the world's second largest economy.

Maruti Suzuki launches BS-6 compliant S-CNG Alto; price starts at Rs 4.32 lakh
Homegrown automobile manufacturer Maruti Suzuki launched BS-6 compliant S-CNG variant of Alto on Monday. The new variant claims to offer a mileage of 31.59 km per kg. The new Maruti Alto CNG is available in two different models. The launch of Maruti Suzuki's Alto BS6 S-CNG is aligned with the government's vision of reducing import of oil and enhancing the share of natural gas in the country's energy consumption to 15 per cent by 2030 from 6.2 per cent currently.
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