Business

SEBI to Establish High-Level Committee to Evaluate Conflict of Interest Regulations for Board Members

Published

1 year ago

March 25, 2025

On Monday, the Securities and Exchange Board of India (SEBI) announced the establishment of a high-level committee aimed at reviewing regulations related to conflict of interest, disclosures, and other pertinent issues concerning its board members and officials, including the Chairperson. This decision was made during SEBI’s inaugural board meeting under the leadership of the new chairperson, Tuhin Kanta Pandey.

The committee is tasked with conducting a thorough examination of current regulations on conflict of interest, including the properties, investments, and liabilities of board members. According to a statement, the group will comprise experts with backgrounds in constitutional, statutory, and regulatory entities, as well as experience in government, public and private sectors, and academia.

SEBI is expected to announce the names of the committee members in due course. The primary aim of this panel is to enhance SEBI’s framework for managing conflicts of interest, thereby promoting transparency, accountability, and ethical behavior. The committee is expected to present its recommendations within three months of its formation, after which the board will evaluate them.

The panel will reassess the existing conflict of interest framework and mandate board members to disclose their movable and immovable properties, along with other assets. Earlier this month, the new SEBI chairman indicated that the regulator would disclose any conflicts of interest involving its board members. The initiative aims to bolster public trust and transparency.

“We must not only earn the trust of all stakeholders in SEBI but also strive to preserve that trust. In this regard, we need to enhance our transparency on various matters, including the conflicts of interest concerning the SEBI board and more,” Pandey remarked during an event in Mumbai. He further stated, “We will be presenting our own plan to openly disclose these conflicts of interest to the public.”

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

2 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.

Business

Pune FDA Seizes 3,800 Kg of Adulterated Mango Pulp in Major Crackdown

Published

1 month ago

April 15, 2026

Namma Kudla

In a major action against food adulteration, the Food and Drug Administration (FDA) in Pune has seized over 3,800 kilograms of mango pulp mixed with unsafe food colours.

The raid was carried out after officials received confidential information about illegal production activities in the district. Acting quickly, an FDA team traced the source to a manufacturing unit in Urse village in Maval taluka.

During the inspection, officers found that the mango pulp was being prepared using unauthorised food colours and other banned substances. These materials are not allowed under food safety rules and can be harmful to consumers.

The unit was reportedly operated by Mohammad Ekramul, also known as Akram Gulam. Authorities said the facility was violating multiple food safety regulations.

Officials immediately seized the adulterated stock and stopped further production at the site. The FDA has also begun investigating the supply chain to identify where the products were being distributed.

Authorities warned that strict action will be taken against those involved in food adulteration. They also urged the public to stay cautious while buying food products, especially during the mango season.

Further investigation into the case is currently underway.