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'Biki' Oberoi, who ushered in uber-luxury hotel era, passes away

'Biki' Oberoi, who ushered in uber-luxury hotel era, passes away
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PRS 'Biki' Oberoi: A legend in his own lifetime - The Economic Times

Prithvi Raj Singh Oberoi, the legendary hotelier, passed away at 94, leaving behind an extraordinary legacy. As the son of Rai Bahadur Mohan Singh Oberoi, he surpassed expectations, shaping their surname into India s premier international luxury brand. His towering personality and expertise defined understated, world-class service standards, enlightening many about luxury and class. ....

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Regulatory relook: Move to push firms away from in-house RTAs on the cards

The Securities and Exchange Board of India (Sebi) plans to roll out a new regulatory framework for registrar and transfer agents (RTAs) - the market intermediaries responsible for the record-keeping of bondholders and shareholders after a company offers securities to the public.

The markets regulator, sources said, is considering a multifold increase in net-worth requirement, a move that may dissuade companies from having in-house RTAs for record-keeping.

At present, the minimum net worth required for RTAs is Rs 50 lakh and Rs 25 lakh in categories I and II, respectively. ....

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