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HTMT wins appeal against Sebi trading ban order
MUMBAI: Hinduja TMT has won its appeal made before the Securities Appellate Tribunal (SAT) against a trading ban order passed by market regulator Securities and Exchange Board of India (Sebi) in January 2003.
SAT, by its order dated 23 August, lifted the ban imposed on HTMT for the remaining period.
Sebi had passed an order on 11 January 2003 directing HTMT not to deal in securities as an intermediary in any manner for two years (upto 10 January, 2005) following an investigation it conducted into a public issue that group subsidiary Hinduja Finance Corporation Ltd had managed in 1995.
Hinduja Finance was lead manager of a public-cum-rights issue of Subhash Projects & Marketing Ltd in 1995, following which an investigation had been called.
Hinduja TMT successfully argued before SAT that Hinduja Finance had been discontinued by the company for more than five years before the passing of the Sebi order. Since the end of 1997 the company has not been acting as a merchant banker or as a financial intermediary in the capital or the securities market. The company did not renew its license to carry out merchants banking activities after it expired in 1997 October, it had argued in its defence.
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Times of India launches SFI Expo for sports, fitness and infrastructure
New exhibition to bring together stakeholders across India’s growing sports ecosystem in July 2026.
MUMBAI: The Times of India is stepping onto the field with a brand-new playbook this time, not with ink and paper, but with a full-scale exhibition that promises to score big for India’s sports industry. The Times of India has announced its entry into the exhibitions business with the launch of The Times of India Sports, Fitness and Infrastructure (SFI) Expo. Set to be held in July 2026 in New Delhi, the expo aims to create an integrated platform that connects the entire value chain of sports, fitness, technology and infrastructure.
Powered by 187 years of credibility across print, digital and experiential media, TOI is positioning the SFI Expo as a major collaborative hub for sports enterprises, infrastructure companies, government bodies, fitness and wellness firms, athletes, innovators and communities.
The exhibition will cover everything from planning and building world-class sports facilities to enabling advanced training environments and performance solutions, with a strong focus on innovation in training, recovery and technology.
Speaking on the initiative, Bennett Coleman & Co. Ltd. (The Times of India) president for eesponse & brand capital Surinder Chawla said, “India is entering a dynamic new era. Both traditional and new sports are growing exponentially. Government initiatives such as Khelo India and Fit India are nurturing young athletes and steadily strengthening India’s imprint on the world sporting arena. This exhibition aims to unite stakeholders across the sports value chain and help accelerate India’s journey towards a robust, world-class sporting ecosystem.”
Designed as an annual platform, the TOI SFI Expo will facilitate dialogue, partnerships, knowledge exchange and investment opportunities, supporting the development of a more inclusive and future-ready sporting landscape in India.
From match reports to match-making for the entire sports ecosystem, The Times of India is now extending its legacy of influence from the newsroom straight into the arena. With the SFI Expo, TOI isn’t just covering the game, it’s helping build the stadium, the training tech, and the future of Indian sports.
