Union Bank on India to raise up to Rs 5,000 crore through QIP

As foreign investors betting on Indian bourses face a new regime of elaborate disclosures, appeals are being made to the market regulator to spare those with insignificant holdings in local listed entities from sharing granular information.

The government will shortly notify the Data Protection Board (DPB), along with appointment and recruitment rules for its chairperson and members, minister of state for electronics and IT Rajeev Chandrasekhar told ET.

The Murugappa family, owners of the ₹74,000 crore industrial group with companies including Tube Investments of India and Carborundum Universal, said its members have agreed to “amicably” settle disputes and differences within its promoter group and would “undertake the necessary transactions to effect the family arrangement within the next 90 days,” in a joint statement on Sunday.