Government Cuts Tenure Of Sebi's Chairman-Designate Ajay Tyagi

New Delhi: The government on Friday curtailed tenure of Ajay Tyagi as next chief of capital market regulator Sebi by two years, barely a week after his name was cleared to succeed incumbent UK Sinha with a five-year term. Mr Tyagi will now join as the Securities and Exchange Board of India (Sebi) Chairman for an initial period of three years, official sources said today, without citing reasons behind the curtailment of his term. Mr...