All posts tagged: Stake

CONCACAF rejects FIFA World Cup stake sale plan as UEFA’s World Cup boycott threat looms

CONCACAF rejects FIFA World Cup stake sale plan as UEFA’s World Cup boycott threat looms

Published by Webster

3 min readJul 31, 2026 09:29 AM IST CONCACAF, the governing body for football in North America, Central America, and the Caribbean, rejected FIFA’s proposal to sell a stake in the World Cup during a meeting on Thursday. While the American regional bloc did not go as far as UEFA in threatening a boycott, the Mexican Football Federation (FMF) said it would study the proposal before deciding its position. CONCACAF said its 41 member associations expressed “deep concerns” about the lack of due process surrounding the proposal, the short deadline, and the absence of any review or approval by relevant FIFA governance bodies. “The discussion reinforced the need for greater transparency and proper governance,” CONCACAF said in a statement. “For these reasons, CONCACAF and its 41 Member Associations have rejected the proposal.” The FMF later said FIFA had informed it of the proposal on July 28 and would provide member associations with additional information and documentation through a series of round tables before a decision is made. “The FMF will complete this process of study …

RBI plans easier rules for bank stake acquisition | Business News

RBI plans easier rules for bank stake acquisition | Business News

Published by Parlour News

2 min readMumbaiJul 15, 2026 01:20 AM IST The Reserve Bank of India (RBI) has proposed to grant a one-time approval for future acquisitions of major shareholding in a bank to eligible mutual funds, insurance companies and pension funds if their stakes fall below 5%. Once such approval is granted, these institutions will not need to seek RBI approval every time they re-acquire a stake of up to 10%, provided they continue to comply with all regulatory conditions and the approval has not been revoked, the RBI said in the draft Reserve Bank of India (Commercial Banks — Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026. Under the existing 2025 Master Direction, if an institution’s holding falls below 5% and it later wishes to increase it again to a major shareholding, they must seek fresh RBI approval. This requirement ensured continuous monitoring, and also resulted in repeated regulatory approvals for large institutional investors. The objective of this revision is apparently to simplify the approval process for institutional investors while maintaining regulatory oversight …

Vibgyor Group of Schools plans first-ever external fundraise, appoints banker for minority stake sale

Vibgyor Group of Schools plans first-ever external fundraise, appoints banker for minority stake sale

Published by Parlour News

The Mumbai-based school chain is looking to sell upto 30% stake as private equity interest returns to India’s K-12 sector, weeks after Vitruvian invested ₹1,159 crore in Orchids Schools. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

As Ram Temple donation scandal unfolds, what is at stake for BJP | Political Pulse News

As Ram Temple donation scandal unfolds, what is at stake for BJP | Political Pulse News

Published by Parlour News

The unprecedented allegation of “chanda chori”, or donation theft, at the Ram Temple in Ayodhya threatens to escalate into an issue which, unless defused, could have a bearing on the outcome of the UP Assembly elections next year. The election battle is not just about Uttar Pradesh. Having ensured the outright victory of the BJP in 2014 and 2019, as well as the slump in 2024, UP is expected once again to decide the outcome of the Lok Sabha election battle in 2029. It may also determine the contours of a post-Narendra Modi era, helping to decide the fortunes of the Prime Minister’s potential successors, as and when it takes place. The political import of UP is widely understood. Eight of the 14 Prime Ministers were from UP. The Nehru-Gandhi family, which gave the country three PMs, are Kashmiri Pandits who made UP their karmabhoomi (place of action). Modi is from Gujarat, but, realising UP’s importance, he has chosen to retain Varanasi as his constituency. An RSS old-timer summed up the concerns of many in …

Stake sale deal in Vizhinjam port detrimental to public interest, says Kerala Leader of the Opposition Pinarayi Vijayan

Stake sale deal in Vizhinjam port detrimental to public interest, says Kerala Leader of the Opposition Pinarayi Vijayan

Published by Parlour News

In a letter to the Securities and Exchange Board of India  on July 3, 2026, Pinarayi Viayan says under the Concession Agreement signed by the Kerala government and the AVPPL, the concessionaire shall not undertake or permit any Change in Ownership, except with the prior approval of the ‘Authority’ (Kerala government). Requesting the Securities and Exchange Board of India (SEBI) to examine whether the disclosure made by Adani Ports and Special Economic Zone Limited (APSEZ) in relation to the share purchase and subscription agreement concerning Adani Vizhinjam Port Private Limited (AVPPL) conforms to contractual and regulatory requirements, Leader of the Opposition in Kerala Assembly Pinarayi Vijayan has said that the proposed transaction, if allowed to go through, will be gravely detrimental to public interest in general and particularly to the people of Kerala. In the letter addressed to the SEBI chairperson on July 3, 2026, the former Chief Minister stated that under the Concession Agreement signed by the Kerala government and the AVPPL, the concessionaire for the development and operation of the Vizhinjam International Seaport, …

Chance for Ruturaj, Sai & Padikkal to stake Test claim in 4-day games vs Sri Lanka A

Chance for Ruturaj, Sai & Padikkal to stake Test claim in 4-day games vs Sri Lanka A

Published by Webster

After India A clinched the one-day tri-series with Vaibhav Sooryanshi performing the headline act, attention now shifts to their upcoming four-day fixtures, the first of which begins in Galle on Thursday. With the senior team set to tour the island in August for a two-match Test series with crucial World Test Championship (WTC) points up for grabs, a few of the Test regulars will get much-needed game time in Lankan conditions, which have tested them aplenty in recent years. India A, led by Dhruv Jurel, has B Sai Sudharsan, Devdutt Padikkal and Ruturaj Gaikwad – three batsmen whose performances will be keenly watched by the senior team management. In their last Test series against South Africa at home, which they lost, the performance of the batting unit in spin-friendly conditions caused plenty of concerns for India. The way Simon Harmer and Keshav Maharaj troubled Indians in the first Test at Kolkata prompted the think tank to explore the possibility of bringing in Gaikwad as a middle-order option for the second game in Guwahati. But the …

Congress says Centre in ‘panic mode’ on economy, raises questions over LIC stake in firm under SEBI scanner

Congress says Centre in ‘panic mode’ on economy, raises questions over LIC stake in firm under SEBI scanner

Published by Parlour News

Jairam Ramesh, AICC General Secretary. File | Photo Credit: The Hindu The Congress on Thursday (June 4, 2026) alleged that the Narendra Modi-led Union government was in “panic mode” over the state of the economy, referring to reports that it was considering the removal of the 12.5% tax on long-term capital gains to arrest the withdrawal of foreign portfolio investors (FPIs) from the Indian markets. The party also raised questions over Life Insurance Corporation of India’s (LIC) investment in jewellery and gold refining company Rajesh Exports, which is facing regulatory action by the Securities and Exchange Board of India (SEBI). Congress general secretary (communications) Jairam Ramesh cited media reports claiming that the Centre was considering an ordinance to amend the Income Tax Act and remove the 12.5% long-term capital gains tax (LTCG) on investments made by FPIs in government securities. ‘Under seige’ “The Modi government is clearly in panic mode and is under siege from within its ecosystem on the current economic situation,” Mr. Ramesh said in a post on X, noting that the tax …

WTC at stake, India could send 3-4 red-ball regulars with A Team to Sri Lanka | Cricket News

WTC at stake, India could send 3-4 red-ball regulars with A Team to Sri Lanka | Cricket News

Published by Webster

3 min readChennaiMay 14, 2026 08:52 PM IST With a busy international calendar set to commence days after the Indian Premier League concludes on May 31, India are already looking ahead for four important Tests series that line-up this year. With an important two-match Test series scheduled in Sri Lanka in August, India have slotted two India A fixtures in June and July and will also play a practice fixture in the island before the series commences. The Indian Express understands that the selectors are exploring the possibility of sending three-four Test specialists with the A team for at least one of the A team fixtures. Having played nine Test matches in the current World Test Championship cycle, India are in the fifth spot and face the danger of not qualifying for the final for the second consecutive edition. For India to stand a chance to remain in the hunt for the final showdown in England next year, they need to win at least three of the four Tests in Sri Lanka and New Zealand …

Lakshmi Mittal, Adar Poonawala buy stake in Rajasthan Royals in Rs 15,660 cr deal | Cricket News

Lakshmi Mittal, Adar Poonawala buy stake in Rajasthan Royals in Rs 15,660 cr deal | Cricket News

Published by Webster

4 min readChennaiMay 3, 2026 07:51 PM IST UK-based Indian billionaire Lakshmi Mittal, along with Adar Poonawala of the Serum Institute of India, has acquired a stake in the IPL franchise Rajasthan Royals in a deal worth $1.65 billion, approximately Rs 15,660 crore. The Mittal family, Poonawala and Manoj Badale, the current principal owner of RR, have formed a new consortium that will own Paarl Royals and Barbados Royals, two other franchises that are part of the SA20 and the Caribbean Premier League respectively. RR, one of the eight franchises that has been part of the IPL since 2008, was bought by Badale for $67 million. The Mittals have presence in other sporting ventures like the NBA’s Bolton Celtics as well as English football club Queens Park Rangers. The deal, announced on Sunday, comes after months of uncertainty over RR’s ownership. In March, reports suggested that the franchise had a new owner – a consortium led by Arizona-based tech entrepreneur Kal Somani. But that was not to be, and now the new Mittal-Poonawala deal awaits …