MAM
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.
MAM
Time brings TIME100 Next franchise to India with Reliance
List to spotlight 100 emerging leaders, gala set for December 2026 in Mumbai.
MUMBAI: It’s about time India’s next wave got a global spotlight and now, it’s on the list. New York-headquartered Time is expanding its TIME100 Next franchise to India, partnering with Reliance Industries Limited to launch TIME100 Next India, its first international extension of the rising leaders platform. The announcement was made at the Time100 Gala in New York by Jessica Sibley and Nita Mukesh Ambani, signalling a strategic push to tap into India’s growing influence across sectors.
The India edition will recognise 100 emerging leaders from the country and the global Indian diaspora, spanning business, science, sports, arts and social impact. The list will be curated by Time’s editorial team and published online, continuing the franchise’s focus on identifying individuals shaping the future.
The initiative will culminate in a gala event scheduled for December 2026 at the Nita Mukesh Ambani Cultural Centre, anchoring the platform within India’s cultural and business ecosystem.
TIME’s broader Time100 franchise has steadily expanded its global footprint since 2021 through events and impact-led initiatives. Executives noted that India’s growing pool of influential voices and innovators made it a natural next step for the platform’s international ambitions.
For Reliance, the partnership aligns with its broader push to support emerging talent and ideas on a global stage. For Time, it marks a timely bet on India not just as a market, but as a talent engine shaping the next chapter of global leadership.
