PADANIYA - The time is always right to do what is right

Nokia Oyj , the world’s largest maker of mobile phones, will cut about 4,000 jobs in its factories in Hungary,  Mexico  and Finland to speed up the delivery of devices and get closer to suppliers.

Market regulator  Sebi  has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its  Collective Investment Scheme  (CIS) rules. Sebi would also give the names of the directors of such entities to the MCA, so that necessary actions can be taken to prevent these companies and persons from being associated with any new company, a senior official said.

The Securities and Exchange Board of India (Sebi) may not relax the ‘know your customer’ (KYC) norms for qualified foreign investors (QFIs) for investing in domestic mutual fund industry. Last month, industry chief executives had requested for a relaxation after witnessing no inflows even after five months of the measures taken in August last year. http://www.business-standard.com/india/news/sebi-may-not-relax-norms-for-foreign-investors-in-mutual-funds/462730/