i. SEBI came out with detailed corporate governance norms for listed companies providing for stricter disclosures and protection of investor rights, including equitable treatment for minority and foreign shareholders.
ii. The new rules, which would be effective from 1st October, require companies to get shareholders’ approval for related party transactions, establish whistle blower mechanism, elaborate disclosures on pay packages and have at least a woman director on their boards.
iii. Sebi’s norms issued on Thursday are aligned with the new Companies Act and is aimed to encourage companies to “adopt best practices on corporate governance”.
iii. “All existing material related party contracts or arrangements as on the date of this circular which are likely to continue beyond March 31, 2015 shall be placed for approval of the shareholders in the first general meeting subsequent to October 1, 2014,” SEBI said in the circular on Thursday.
iii. The proposed facility will have a production capacity of up to 1.6 million tonnes of urea and 7,60,000 tonnes of diesel diesel exhaust fluid (DEF), it said.
iv. The estimated project cost of $ 1.6 billion is based on the most recent feasibility study.
v. In January 2013, IFFCO’s Canadian subsidiary acquired the land for the plant. The site is at Bncour Port and Industrial Park, which provides access via land, rail and water to markets across North America.
ii. HSBC Bank Oman is an indirect 51 per cent owned subsidiary of HSBC Holdings plc.
iii. Chairman of the Board of Directors of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, said that all staff of this operation (the business) will be transferred to Doha Bank as a part of the purchase.
iv. Doha Bank was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.
i. At the Monte Carlo Masters tennis tournament, David Ferrer of Spain produced a major upset by defeating eight-time champion Rafael Nadal in the quarterfinals.