The Dubai Financial Services Authority (DFSA) has suspended the securities of Man Industries (India) Limited from its official list. "The DFSA hereby notifies the market that it has suspended the Securities of Man Industries (India) Limited from the Official List of Securities of the DFSA under Article 35 (1) of the Markets Law 2012," the Dubai regulator said in a statement. No reason for the suspension has been given. The suspension has taken effect from Tuesday and will remain in place until further notice, it added. Global Depository Receipts (GDRs) of the company were admitted in the Nasdaq Dubai bourse on March 24, 2006.
Somasundaram quits as LVB MD
Lakshmi Vilas Bank has informed the stock exchanges that that PR Somasundaram, the managing director & CEO has tendered his resignation owing to personal reasons. The board of directors has accepted the resignation with immediate effect. Further, the board has directed Somasundaram to handover charge to KSR Anjaneyulu, executive director of the bank, who shall take care of the day-today affairs of the bank until further directions.
RLife hires 200 women advisers
Reliance Life Insurance Company (RLIC) said on Wednesday it has hired around 200 women insurance advisors for its distribution channel and plans to scale up the recruitment in the next few months. This was announced by the company while launching its Face-to-Face distribution channel is aimed at servicing customers whose agents have become inactive. "Reliance Life Insurance has hired around 200 women employee advisers in seven cities during the pilot phase, and plans to scale up across the country in the next few months, the company said.