Board Meeting Intimation for Consideration And Approval Of Audited Financial Results Of Sammaan Capital Limited For The Quarter And Financial Year Ended March 31 2025
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Time of India
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Power consumer complaints remain unheeded as linemen and helpers strike work
Jaipur: At least 2,000 employees of the contractors appointed by the discoms for fault rectification have been on strike for the past three days, causing difficulties for electricity consumers as their complaints for restoring power connections remain unattended. The employees of contractors, Sandha & Company and Vision Plus, said they are demanding a salary hike, which is currently meagre. While the linemen are getting a little over Rs 9,000 a month, the helpers receive Rs 6,600, according to the employees. In fact, their salary was reduced after the new contractors took over the work in 2002. Now, they are demanding hikes up to Rs 21,000 for linemen and Rs 18,000 for helpers. "With this meagre amount, we cannot run our families. We will not resume work until our demands are met," said one of the employees. TOI tried to contact the management of the two companies, but calls and text messages remained unanswered. The employees said that the state govt raised the minimum wage by Rs 27 in 2022, but they did not get the benefits. Sources said in the absence of regular employees, the company has hired temporary workers to manage the maintenance and address consumer complaints, but the temporary measure is not enough. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !


Economic Times
3 hours ago
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Sebi proposes lower entry threshold for large-value AIFs at Rs 25 crore
In a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance costs. The proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working Group. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets regulator Sebi has proposed a slew of relaxations for large value funds (LVFs) under the alternative investment funds framework , including reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working key proposal is to lower the investment threshold to Rs 25 crore, which the regulator said will attract more domestic institutional players such as insurance companies and diversify the investor present, the working groups highlighted that LVF threshold of Rs 70 crore is too high and many investors, including some institutional investors, have limitations on the has also proposed exempting LVFs from several compliance requirements, including the need to follow the standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility placed on investment committee members for approving fund NISM certification mandate for key investment team members of fund managers may also be waived for LVF-only the regulator has proposed removing the cap of 1,000 investors per AIF scheme for LVFs, citing the large ticket size and the accredited investor base as sufficient also recommended allowing existing AIF schemes, whose investors meet LVF criteria, to convert into LVFs with the consent of all investors. This would enable them to benefit from the proposed markets watchdog noted that LVFs have seen steady traction since their introduction in August 2021, but could play a bigger role in channelling long-term investments, especially into unlisted securities, if entry barriers are Securities and Exchange Board of India has invited public comments on the proposals till August 29.
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Business Standard
3 hours ago
- Business Standard
Sebi streamlines norms for converting private InvITs to public ones
Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to "initial offers" with "follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)