India's capital markets regulator on Thursday unveiled a series of measures to attract investors and boost confidence in the stock market. The Securities and Exchange Board of India (SEBI) appro..
Mukesh Ambani-led group companies lost a whopping Rs 32,574 crore in market capitalisation today, while Anil Ambani group firm RNRLgained Rs 3,438 crore after the Bombay High Court asked RIL to supply gas to the ADAG firm at USD 2.34 per mmBtu.The Mukesh Ambani pack which includes country's largest private sector firm Reliancea href="http://economic..
The Central Vigilance Commission (CVC) has asked public sector banks (PSBs) to fix accountability for small loans that turn into non-performing assets. The CVC, after an audit of some PSBs, has written to the chiefs of the banks that a cut-off amount was fixed a..
The Securities Laws (Amendment) Act enacted in 2005, incorporated section 21(A) in the Securities Contract Regulation Act (SCRA) to allow delisting of securities necessitating the creation of a delisting Framework. In order to provide statutory backing for the d..
The market regulator securities and exchange board of India (Sebi) has notified the Sebi (Delisting of Equity Shares) regulations, 2009, which would govern the normal guidelines to be followed by a company for delisting its shares from a stock exchange. ..
The Competition Commission of India (CCI) is organizing a two-day National Conference on the ‘State of Competition in the Indian Economy’ starting tomorrow. It is being organized in collaboration with the World Bank, and the Department of International Development (DFID), UK. The conference is aimed at bringing together national and international experts i..
India's industrial output rose by 1.4 per cent in April from a year earlier, rebounding after declining three times in four months, data showed on Friday. The figure was higher than a forecast for an annual decline of 0.2 per cent in a Reuters poll of economists. Manufacturing production rose 0.7 percent in April fr..
Competition Commission of India to play crucial role in the vibrant Indian market – Salman Khurshid font face="..
The ministry of corporate affairs (MCA) is planning to take up a comprehensive project for streamlining the process of liquidation of companies, a major hurdle for India. A senior MCA official told FE, “In order to have a faster and transparent win..
Insurance Regulatory & Development Authority (IRDA) has decided to make the valuation exercise of insurance companies simpler and homogeneous. It will shortly introduce a uniform and standard valuation methodology based on the companies’ embedded value from this fiscal. Embedded value is com..
Competition Commission of Indiab style="mso-bidi-font-we..
A city court today granted permission to the Enforcement Directorate to record the statements of Satyam Computer Services founder B Ramalinga Raju and four other accused in the Satyam scam case. In his order, XIV Additional Chief Metropolitan Magistrate K Sudhakar, in his orders, permitted the ED, coming under the Union Finance Ministry, to question the five accused for eig..
‘The timing, scope and extent of audit are all matters which fall within the jurisdiction of the Comptroller and Auditor (CAG) of India and this is certainly not a matter on which the Court ought to tread’. The Hon’ble Bombay High Court has held this in a Public Interest Litigation filed by one Shri R.S. ..
The government is looking into formulating new rules for de-notification of special economic zones in the wake of several developers, including realty major DLF, approaching the Commerce Ministry for surrendering their tax-free enclaves. "The departmen..
“The timing, scope and extent of audit are all matters which fall within the jurisdiction of the Comptroller and Auditor (CAG) of India and this is certainly not a matter on which the Court ought to tread”. The Hon’ble Bombay High Court h..
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