
Nimitt Dixit
Nimitt Dixit is a corporate lawyer turned journalist, who spends an unreasonable amount of time reading SEBI orders, issue prospectus’ and court hearings.
He covers markets, regulat...
Stories By Nimitt Dixit
Tata Trustees Hit Back At Darius Khambata Over Tata Sons Listing DisputeTata trustees Venu Srinivasan and Vijay Singh have challenged Darius Khambata's position on the proposed Tata Sons listing. They defended the board's decision and raised questions about governance within Tata Trusts.
Tata Sons Rejects Noel Tata's Demand For Boardroom Recording, Defends TVS-Hanno DisclosuresTata Sons has defended its disclosures on TVS Motor and Hanno One while rejecting Noel Tata's request for the September 17 board meeting recording.
IRDAI To Modify Insurance Distribution Norms After Industry Feedback, Exposure Draft By Mid-DecemberThe exposure draft will be a revised, non-final version of the regulations, published for public review before the rules are finalised.
SEBI Seeks Explanation From Borderless Over Unauthorised US Stock Trades On Oct 15 | ExclusiveBorderless has approached US brokerage partner DriveWealth and hired a New York law firm to restore affected investors' portfolios.
Hindustan Coca-Cola Holdings Files DRHP With SEBI To Raise Funds Via IPOHindustan Coca-Cola Holdings files draft papers with market regulator with SEBI.
NCLT Declares Videocon's Venugopal Dhoot Bankrupt Over Rs 12,668 Crore SBI DuesThe Mumbai bench of NCLT appointed Asish Narayan as bankruptcy trustee after creditors rejected Dhoot's Rs 600 crore repayment proposal linked to a proposed real estate project in Siliguri.
SEBI Eases Currency Derivatives Rules, Sets $5 Million LimitDomestic clients can take unhedged Indian ruppe currency positions beyond $5 million as subject to RBI's prescribed conditions.
Tata Trusts Row: SRTT Seeks Adjournment, Says Charity Commissioner's Own Order Ties Its HandsThe trust cited the Charity Commissioner's order of May 15, which bars SRTT from holding any meetings. Without a meeting, the trust said, it cannot approve or file a response.
Mehli Mistry Challenges Tata Trusts Trustee Exits, Questions Noel Tata's EligibilityFormer trustee alleges an invalid vote blocked his reappointment, disputes the interpretation of trust deeds and seeks an inquiry into commissions and governance
NPS Beats Mutual Funds On Long-Term Returns, Says PFRDA Chairman; Seeks Banks' Support For Expansion"The NPS actually comes out far better than a mutual fund for the simple reason that you can switch your schemes within NPS with absolutely no cost."
Delhi HC Issues Notice On Doctors' Plea Against Zee Music's 'Suryaa' Teaser; Starring Sunny DeolThe petition seeks suspension of the teaser's exhibition across digital platforms, directions to block access under provisions of the Information Technology Act, and intervention by the Central Board of Film Certification.
Darius Khambata Quits Tata Trusts, Says Sept 17 Events Sullied Tata Sons' ReputationKhambata calls RBI engagement on Tata Sons' regulatory status unsuccessful, warns against decoupling the holding company from the trusts
Tata Sons Infuses Rs 1,100 Crore Into Tata Electronics Amid Restructuring PushThe latest infusion follows an investment of Rs 1,500 crore by Tata Sons in March, taking its investments in the company across the two tranches to Rs 2,600 crore.
Relief For Polycab: NCLAT Sets Aside Insolvency Proceedings, Cites Pre-Existing Dispute Over DuesPolycab has been released from the corporate insolvency resolution process with immediate effect and can function independently through its board of directors.
SEBI Eases KYC Norms For Foreign Investors, Extends Review Period To Eight YearsUnder the revised framework, Category I FPIs registered under Regulation 5(a)(i) will undergo KYC reviews once every eight years, irrespective of whether they operate in high-risk or non-high-risk jurisdictions. Other Category I investors will move to a two-year review cycle.
Axis Trusteeship Sends Notice To Yes Bank After Supreme Court JudgmentThe trustee has asked the bank to reinstate the bonds in its books and debenture holder records in favour of the original bondholders or their legal successors.
Noel Tata Seeks Tata Sons Board Review Of RBI-linked Restructuring, Rs 25,000 Crore SP Buyout PlanTata has sought a detailed management presentation covering valuation, the proposed capital reduction, payment timelines and other conditions.
Exclusive | Cult.Fit Completes IPO Roadshows, Targets Mid-December ListingThe company is looking to file updated DRHP by November-end; it is increasing push into tier 2,3 cities led by Chandigarh, Indore and Vijayawada.
Bank Of Baroda Faces BR Shetty Plea To Earmark Rs 1.44 Lakh Crore Before VerdictBank of Baroda had earlier said it had not been served with the lawsuit and would firmly defend the case.
Centre Defends Free-Market Drug Pricing; SC Pushes For Uniform 16% Margin CeilingThe Supreme Court questioned steep hospital markups on medicines, while the government argued that excessive price controls could affect drug availability and access.