Latest news with #Regulation
Business Upturn
15 minutes ago
- Business
- Business Upturn
Mahamaya Steel reports sales of 14,518.230 MT for May 2025
By Aditya Bhagchandani Published on June 2, 2025, 17:49 IST Mahamaya Steel Industries Limited announced its sales figures for May 2025, reporting a total sales volume of 14,518.230 metric tonnes. The company shared the update through an official filing with the stock exchanges on June 2, 2025. As per the disclosure, the data pertains to unit-wise sales for the month and is part of Mahamaya Steel's regular monthly business updates to shareholders and the public. The company manufactures various steel products, including joists, channels, angles, flats, rounds, and billets, and supplies to prominent clients such as BSP, BHEL, NTPC, ONGC, and more. This update was shared in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
an hour ago
- Business
- Hans India
COAI welcomes govt's move to stop illegal signal boosters on e-commerce platforms
New Delhi: The Cellular Operators Association of India (COAI) on Monday welcomed the government's new guidelines aimed at stopping the online sale of illegal mobile signal boosters and wireless jammers. The guidelines, issued by the Central Consumer Protection Authority (CCPA) on May 27, are seen as a major step to improve network quality and protect consumers from the harmful effects of unauthorised radio equipment. The new rules, officially titled 'Guidelines for the Prevention and Regulation of Illegal Listing and Sale of Radio Equipment including Walkie Talkies on E-Commerce Platforms, 2025', clearly ban the listing and sale of mobile signal boosters and jammers on online shopping platforms. This is outlined in Clause 4(i)(b), which directly addresses these devices, citing their role in causing network disruptions and customer complaints. The COAI has long raised concerns about the unchecked sale and use of these illegal devices. According to the industry body, these signal boosters are often installed without permission in homes and commercial buildings, leading to serious problems in mobile network performance for licensed telecom operators. COAI Director General, Lt Gen Dr. S.P. Kochhar (retd), thanked both the Department of Consumer Affairs and the Department of Telecommunications for taking strong action on this issue. "Clause 4(i)(b) of the guidelines is a strong validation of our concerns and advocacy. We believe this proactive step will go a long way in ensuring quality of service and upholding consumer rights," he said. The COAI urged all e-commerce companies to fully follow the new rules and called for strict enforcement to ensure compliance. The association also expressed its commitment to working with the government and other stakeholders to protect the country's digital communications infrastructure. The move is expected to improve mobile network services and reduce interference caused by illegal radio equipment, benefiting both telecom providers and millions of mobile users across India.
Yahoo
4 hours ago
- Business
- Yahoo
Sydbank A/S share buyback programme: transactions in week 22
Company Announcement No 25/2025 Peberlyk 46200 AabenraaDenmarkTel +45 74 37 37 37Fax +45 74 37 35 36Sydbank A/SCVR No DK 12626509, 1 June 2025 Dear Sirs Sydbank A/S share buyback programme: transactions in week 22On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026. The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules. The following transactions have been made under the share buyback programme: Number of shares VWAP Gross value (DKK) Accumulated, most recent Announcement 895,000 374,860,860.00 26 May 202527 May 202528 May 202529 May 2025 (public holiday)30 May 2025 (bankholiday) 14,00012,00012,000-- 445.69442.08440.24-- 6,239,660.005,304,960.005,282,880.00-- Total over week 22 38,000 16,827,500.00 Total accumulated during theshare buyback programme 933,000 391,688,360.00 All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the the above transactions, Sydbank A/S holds a total of 938,074 own shares, equal to 1.83% of the Bank's share capital. Yours sincerely Mark Luscombe Jørn Adam MøllerCEO Deputy Group Chief Executive Attachment SM 25 UK incl. enc
The Star
11 hours ago
- Politics
- The Star
Unique rotating monarchy
IN a world where monarchs are typically born into power, Malaysia stands out with a unique rotation system where its King is elected from among nine Malay Rulers. Malaysia is one of over 40 nations with a constitutional monarchy, but it is the only one in the world that practises a five-year rotation system. Under this unique system, the Yang di-Pertuan Agong is elected from among nine Malay Rulers under the Conference of Rulers through a detailed election process that takes place every five years. Only nine Malay Rulers are eligible to take part in the process, namely the Yang di-Pertuan Besar of Negri Sembilan, Sultan of Selangor, Raja of Perlis, Sultan of Terengganu, Sultan of Kedah, Sultan of Kelantan, Sultan of Pahang, Sultan of Johor and Sultan of Perak. Several other eligibility criteria that must be met for a Ruler to be appointed as the Yang di-Pertuan Agong are also outlined on the official website of the Keeper of the Rulers' Seal Office. The first is that the Ruler must consent to be elected, and only the nine Malay Rulers may vote. If a Ruler is unable to attend the Election Meeting, he may appoint another Ruler as a proxy to vote on his behalf. Previously, the selection of the Yang di-Pertuan Agong was based on seniority, whereby the Ruler who had reigned the longest was considered the most senior. However, that rule no longer applies since all nine Malay Rulers have taken their turns as the Yang di-Pertuan Agong. Sultan of Perak Almarhum Sultan Azlan Muhibbuddin Shah, who was the ninth Yang di-Pertuan Agong, was the last Ruler to be selected under the original rotation system. After that, the Rulers collectively agreed on a rotation list, which is still used today, based on the order of states whose Rulers had previously served as Yang di-Pertuan Agong. Besides that, Schedule Three of the Federal Constitution and the Regulation of the Conference of Rulers states that a Ruler is not eligible for election if he is a minor or has formally informed the Keeper of the Rulers' Seal that he does not wish to be elected. It adds that a Ruler is also disqualified if the Conference of Rulers, through a secret ballot, determines that he is unfit due to infirmity of mind or body, or for any other reason that would prevent him from fulfilling the role. However, such a resolution must be supported by at least five members of the Conference of Rulers. Schedule Three of the Federal Constitution also provides detailed steps to be taken before the election of the Yang di-Pertuan Agong, including for the nine Rulers to agree on the date of the Election Meeting. If both the Yang di-Pertuan Agong and the Deputy Yang di-Pertuan Agong positions become vacant, the election must be held within four weeks from the date the vacancies occur. The Keeper of the Rulers' Seal will then seek the consent of each Ruler to be nominated as either the Yang di-Pertuan Agong or Deputy Yang di-Pertuan Agong. Any Ruler who does not wish to be nominated must submit a written notice to the Keeper of the Rulers' Seal, and the state will be moved to the end of the nomination list. When the Conference of Rulers convenes to vote, only the Malay Rulers, the Keeper of the Rulers' Seal and the assistant secretary to the Conference of Rulers are involved in the process. The four Yang di-Pertua Negeri do not attend despite being members of the Conference of Rulers. The election is conducted through a secret ballot using unnumbered papers, all marked with the same pen and ink. The completed ballots are placed into a ballot box and once the result is announced, the papers are destroyed (either burned or shredded) in the presence of the Rulers. The Ruler with the shortest reign, who is not nominated as a candidate for the Yang di-Pertuan Agong or Deputy Yang di-Pertuan Agong, is appointed to assist the Keeper of the Rulers' Seal in counting the ballots. During the election, each Ruler receives a ballot bearing the name of one candidate and is asked to indicate whether that candidate is suitable to serve as Yang di-Pertuan Agong. The nominee must secure at least five votes before being offered the post by the presiding Ruler. If the nominee declines or fails to secure enough votes, the process continues with the next most senior Ruler on the list. The election concludes only after a nominee accepts the appointment. The Conference of Rulers then formally declares the Ruler as the Yang di-Pertuan Agong, who will serve for a five-year term. His Majesty Sultan Ibrahim, the current King of Malaysia, was sworn in as the 17th Yang di-Pertuan Agong on Jan 31, 2024, following the 263rd (Special) Meeting of the Conference of Rulers in October 2023. His Majesty's installation ceremony took place on July 20, 2024. This marks the second time a Johor Ruler has been installed as the Yang di-Pertuan Agong. Sultan Ibrahim's father, Almarhum Sultan Iskandar Sultan Ismail, had reigned as the eighth Yang di-Pertuan Agong from 1984 to 1989.
The Hindu
2 days ago
- Politics
- The Hindu
Faculty in private engineering colleges in Coimbatore contend with stagnant salaries
Left with limited options, faculty in even leading private engineering colleges in Coimbatore region contend with salaries that have been stagnant for years, due to which the attrition rate is also limited, it is learnt. The maximum salary offered for a faculty in Computer Science department does not exceed ₹60,000 a month. Those in Mechanical and core branches receive monthly salary between ₹20,000 and ₹30,000. The scenario is more worrisome in colleges of average standing, a faculty member pointed out requesting anonymity. The AICTE, according Anna University sources, specifies payment of faculty salary as per its norms, but the implementation remains a far cry, a functionary of a college management acknowledged. The Anna University does determine compliance of the affiliated colleges to AICTE norms in terms of teacher-student ratio, but has no authority in enforcing salary payment, university sources said. 'Exploitation' of teaching staff in the private engineering colleges does not augur well for meeting quality parameters in higher education, M. Chidambaram, former Director of National Institute of Technology - Tiruchi, said. Prof. Chidambaram, who had filed a Public Interest Litigation in Delhi High Court on the issue last year, said a substantial proportion of faculty members were exploited and were not paid even the basic minimum prescribed salary (AICTE Pay Scale), got no salary slips, had prolonged working hours, and faced forceful retention of the original documents. Prof. Chidambaram had referred to a report of the V.V. Giri National Labour Institute on the condition of faculty in private engineering colleges in his PIL. It was unfortunate that the AICTE had refused to take desired measures. The AICTE had formulated the All India Council for Technical Education Pay Scales, Service Conditions and Minimum Qualifications for Appointment of Teachers and Other Academic Staff-(Degree) Regulation, 2019, for granting 7th Pay Scale to the faculty members in the technical institutions along with other benefits, i.e., increment, promotion, health insurance, pension, leave, training and incentives, Prof. Chidambaram said. The onus was on the AICTE to strictly enforce the AICTE (Grant of Approvals for Technical Institutions) Regulations, 2020, he said. The PIL, Prof. Chidambaram said, also sought directions for increasing investment upon technical educations to meet the requirement of the vast country like India, including measures such as increasing the number of engineering seats, appointment of sufficient faculty, infrastructure, research and development in the engineering colleges.
