Aravind Maiya, the CEO of Embassy Office Parks Management Services that manages Embassy REIT, will step down from his post following market regulator Sebi's direction to suspend him and appoint an interim CEO immediately. Sebi's direction follows a National Financial Reporting Authority (NFRA) order that barred Maiya for 10 years from undertaking any audit in respect of financial statements.
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U.S. stock indexes opened higher on Tuesday, as voting began in a tightly contested presidential election, with traders girding up for volatile trading over the next few sessions until a winner is declared. The Dow Jones Industrial Average rose 40.9 points, or 0.10%, at the open to 41835.49. The S&P 500 rose 9.7 points, or 0.17%, at the open to 5722.43, while the Nasdaq Composite rose 70.7 points.
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The Ministry of Statistics and Programme Implementation has revised the time for consumer inflation and industrial production data releases to 04:00 PM from 05:30 PM. “To provide more time on the day of release to access CPI & IIP data, the Ministry of Statistics and Programme Implementation (MOSPI) has decided to revise the release time for the Consumer Price Index (CPI).
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