• Pound of flesh 18 Jul 2019 20:23 After a skirmish between the Centre and RBI over the latter’s reserves last year, a similar disagreement is now brewing with respect to Securities Exchange Board of India. In SEBI’s case however, the Centre seems to have already made a suo motu decision. …
  • SEBI opposes Centre’s proposal to transfer surplus money to CFI 18 Jul 2019 20:22 The government’s proposal to transfer surplus money with the Securities and Exchange Board of India (SEBI) to the Consolidated Fund of India (CFI) has met with a strong opposition from the regulatory body. The capital markets regulator feels that the …
  • Previous quarter’s limited review required before auditor resigns: Sebi proposal 18 Jul 2019 19:36 Mumbai, July 18 (IANS) Market regulator Sebi has proposed that auditors of listed firms need to issue “limited review or audit report” for the previous quarter before they resign. According to a consultative paper by the Securities and Exchange Board of …
  • Market regulator Sebi wants to tighten audit processes for listed companies 18 Jul 2019 19:35 MUMBAI: Markets regulator Securities and Exchange Board of India (Sebi) has proposed stricter norms to strengthen audit processes and curb abrupt resignations of auditors in publicly traded companies. The role of the audit committee and disclosures to …
  • Bengaluru most digitised city; report 18 Jul 2019 18:06 Image Source : PTI Bengaluru most digitised city; report Bengaluru has topped the list of "most digitised cities" accounting for highest card payments in a study conducted by payments solution company Razorpay. According to the Era of Rising …
  • Road rage: PAC jawans thrash bike rider in Gr Noida, FIR lodged 18 Jul 2019 18:05 Image Source : INDIA TV Road rage: PAC jawans thrash bike rider in Gr Noida, FIR lodged Two constables of the Uttar Pradesh Police Armed Constabulary (PAC) were on Thursday booked for assaulting a motorcyclist on a road in Greater Noida, officials said. A …
  • CARE Ratings shares fall nearly 5% after MD sent on leave 18 Jul 2019 18:00 Shares of CARE Ratings on Thursday fell by nearly 5 per cent after the company sent its MD and CEO Rajesh Mokashi on leave, pending completion of the examination of an anonymous complaint received by SEBI. The scrip declined 4.67 per cent to close at ₹864. …
  • SEBI raises the exit barrier for auditors 18 Jul 2019 17:59 As part of its efforts to rid Corporate India of scams and frauds fuelled by financial opaqueness, SEBI is turning up the heat on auditors by making them more accountable. Financial auditors of a company will now not be able to casually resign without …
  • Letter to BS: Sebi chief must be praised for seeking review of Budget plan 18 Jul 2019 17:06 This refers to “Sebi chief questions Budget plan for transfer of surplus funds to govt” (July 18). Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi must be praised for seeking a review of the proposal that mandates transferring 75 per cent …
  • CARE Ratings sends CEO Mokashi on leave after anonymous complaint 18 Jul 2019 16:21 Mumbai (Maharashtra) [India], July 18 (ANI): CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of …
  • Grant Thornton submits forensic audit to IL&FS management 18 Jul 2019 15:58 MUMBAI: Bankrupt IL& FS Thursday said it has completed the first phase of the forensic audit on credit rating agencies that were engaged with its various group companies in the last one decade. The Uday Kotak-led board of the group had appointed Grant …
  • IndiGo says will respond to corporate affairs ministry soon 18 Jul 2019 15:09 MUMBAI: InterGlobe Aviation Ltd., which operates the country's largest domestic airline IndiGo, on Thursday said that the company will soon respond to the Ministry of Corporate Affairs (MCA) on alleged violations of corporate governance and related- …
  • India regulator proposes tighter disclosure for auditors 18 Jul 2019 14:34 MUMBAI, July 18 (Reuters) - India’s capital markets regulator proposed on Thursday ramping up disclosure for auditors of listed companies, after a number of firms abruptly resigned from audit assignments without citing sufficient reasons, leaving investors …
  • Sebi moots stricter disclosures on auditor resignation 18 Jul 2019 14:31 New Delhi, Jul 18 () Markets regulator Sebi Thursday proposed stricter disclosures, including detailed reasons, on resignation of auditors, amid rising instances of auditors quitting companies. Besides, an auditor would have to provide appropriate …
  • Sebi tweaks disclosure norms for listed banks 18 Jul 2019 14:05 New Delhi: Markets regulator Sebi has revised the disclosure requirements for listed banks regarding divergence in provisioning of assets. The changes made in the disclosure norms are "in line with the revised RBI requirements," the regulator …
  • IndiGo Airlines parent company InterGlobe Aviation board to meet on Friday amid promoter spat 18 Jul 2019 14:00 By PTI NEW DELHI: Under the cloud of sparring promoters, InterGlobe Aviation board is scheduled to meet on Friday to consider quarterly financial results and is also likely to discuss differences between the promoters over corporate governance matters. …
  • New Delhi must reform, instead of picking Mumbai’s pocket 18 Jul 2019 13:10 The geographical distance between New Delhi and Mumbai is little more than 1,450 km; but the gap in attitude, priorities and economic thinking is much wider. And drifting farther apart every day. On Thursday, near-identical reports in this newspaper and …
  • View: Transfer surplus from Sebi but retain its financial autonomy 18 Jul 2019 13:10 Markets regulator Sebi’s objection to transferring its surplus funds to the government raises interesting questions. One relates to how much it collects from those it regulates. Clearly, the build-up of monies far in excess of what is needed to run Sebi is …
  • Sebi proposes additional disclosures for auditor resignations 18 Jul 2019 12:53 Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday issued a consultative paper on policy proposals with respect to resignation of statutory auditors from listed entities. The policy proposals aim to strengthen disclosures to investors …
  • InterGlobe Aviation shares fall nearly 1 pc ahead of board meet 18 Jul 2019 12:38 New Delhi, Jul 18 () Shares of InterGlobe Aviation, the parent company of IndiGo, fell nearly 1 per cent Thursday ahead of its board meet on Friday where the issues between the promoters are likely to be discussed. The scrip declined 0.55 per cent to close …
  • Seven laws related to indirect taxation being amended through Finance bill: Sitharaman 18 Jul 2019 12:26 New Delhi [India], July 18 (ANI): Finance Minister Nirmala Sitharaman on Thursday said seven legislations each under the direct taxation and indirect taxation were being amended by the Finance Bill to boost manufacturing and bring greater simplicity and …
  • Seven indirect taxation-related laws being amended: FM Niramala Sitharaman 18 Jul 2019 09:00 New Delhi: Finance Minister Nirmala Sitharaman Thursday said seven legislations under indirect taxation are being amended to ensure greater simplicity, as she moved the Finance Bill in the Lok Sabha. She told the Lower House that amendments to laws are …
  • Care Ratings CEO sent on leave after Sebi receives anonymous complaint 18 Jul 2019 08:51 Care Ratings Ltd has put its chief on leave pending a probe into an anonymous complaint received by the nation’s markets regulator, adding to the troubles for India’s credit assessment industry. Care’s board placed Chief Executive Officer Rajesh Mokashi on …
  • CARE Ratings sends MD Rajesh Mokashi on leave 18 Jul 2019 08:37 New Delhi, Jul 18 () After ICRA, CARE Ratings has sent its MD and CEO Rajesh Mokashi on leave, pending completion of the examination of an anonymous complaint received by the Securities and Exchange Board of India (Sebi). The company has decided to appoint …
  • CARE Ratings sends CEO Rajesh Mokashi on leave pending inquiry 18 Jul 2019 08:23 The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO. Bengaluru: India's CARE Ratings Ltd has placed Chief Executive Officer Rajesh Mokashi on leave until further notice, the company said here late on Wednesday, …
  • CARE Ratings slips 5% after MD Rajesh Mokashi sent on indefinite leave 18 Jul 2019 08:11 Shares of CARE Ratings slipped up to 5 per cent on the BSE on Thurdsay after the firm sent its managing director and chief executive officer (MD & CEO) Rajesh Mokashi, on indefinite leave owing to a complaint received against him by the Securities and …
  • Sensex opens flat, Yes Bank tanks 10% 18 Jul 2019 07:24 Mumbai: Sensex traded slightly lower after opening on a flat note on Thursday. At 10.14 a.m., the Sensex was trading 55.45 points lower at 39,160.19. It opened at 39,204.47 from its Wednesday's close 39,215.64. The Nifty was trading 20.10 points lower …
  • Will gilt funds’ ongoing rally continue? unlikely, say analysts 18 Jul 2019 06:42 MUMBAI: Gilt funds have been return toppers with 15.75% among debt funds in the last one year but fund managers believe a large part of the rally is done and it would not be possible to replicate the performance next year. Investors should not chase gilt …
  • Wipro gains 3% post Q1 results but brokerages seem unimpressed with numbers 18 Jul 2019 05:50 Shares of Wipro gained as much as 3.25 per cent to Rs 268.15 apiece on the BSE in the early morning trade on Thursday even after the company reported a weak set of numbers for the first quarter (April-June period) of the financial year 2019-20 (FY20). The …
  • CARE Ratings Limited dumps CEO pending resolution of complaint against him 18 Jul 2019 05:50 The Board of directors of CARE Ratings Limited ("CARE") has at its meeting today, decided, pending the completion of the examination of anonymous complaint received by the Securities and Exchange Board of India ("SEBI") and forwarded to …
  • Pound of flesh 18 Jul 2019 20:23 After a skirmish between the Centre and RBI over the latter’s reserves last year, a similar disagreement is now brewing with respect to Securities Exchange Board of India. In SEBI’s case however, the Centre seems to have already made a suo motu decision. …
  • Centre seeks response from IndiGo on ‘misgovernance’ 18 Jul 2019 20:23 The government has sought a response from IndiGo on allegations of corporate misgovernance levelled by its co-promoter Rakesh Gangwal, the airline informed the stock exchanges on Friday. “The company has received a communication from the Ministry of …
  • SEBI opposes Centre’s proposal to transfer surplus money to CFI 18 Jul 2019 20:22 The government’s proposal to transfer surplus money with the Securities and Exchange Board of India (SEBI) to the Consolidated Fund of India (CFI) has met with a strong opposition from the regulatory body. The capital markets regulator feels that the …
  • Previous quarter’s limited review required before auditor resigns: Sebi proposal 18 Jul 2019 19:36 Mumbai, July 18 (IANS) Market regulator Sebi has proposed that auditors of listed firms need to issue “limited review or audit report” for the previous quarter before they resign. According to a consultative paper by the Securities and Exchange Board of …
  • Market regulator Sebi wants to tighten audit processes for listed companies 18 Jul 2019 19:35 MUMBAI: Markets regulator Securities and Exchange Board of India (Sebi) has proposed stricter norms to strengthen audit processes and curb abrupt resignations of auditors in publicly traded companies. The role of the audit committee and disclosures to …
  • Letter to BS: Sebi chief must be praised for seeking review of Budget plan 18 Jul 2019 17:06 This refers to “Sebi chief questions Budget plan for transfer of surplus funds to govt” (July 18). Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi must be praised for seeking a review of the proposal that mandates transferring 75 per cent …
  • CARE Ratings sends CEO Mokashi on leave after anonymous complaint 18 Jul 2019 16:21 Mumbai (Maharashtra) [India], July 18 (ANI): CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of …
  • India regulator proposes tighter disclosure for auditors 18 Jul 2019 14:34 MUMBAI, July 18 (Reuters) - India’s capital markets regulator proposed on Thursday ramping up disclosure for auditors of listed companies, after a number of firms abruptly resigned from audit assignments without citing sufficient reasons, leaving investors …
  • Sebi proposes additional disclosures for auditor resignations 18 Jul 2019 12:53 Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday issued a consultative paper on policy proposals with respect to resignation of statutory auditors from listed entities. The policy proposals aim to strengthen disclosures to investors …
  • Care Ratings CEO sent on leave after Sebi receives anonymous complaint 18 Jul 2019 08:51 Care Ratings Ltd has put its chief on leave pending a probe into an anonymous complaint received by the nation’s markets regulator, adding to the troubles for India’s credit assessment industry. Care’s board placed Chief Executive Officer Rajesh Mokashi on …
  • CARE Ratings sends MD Rajesh Mokashi on leave 18 Jul 2019 08:37 New Delhi, Jul 18 () After ICRA, CARE Ratings has sent its MD and CEO Rajesh Mokashi on leave, pending completion of the examination of an anonymous complaint received by the Securities and Exchange Board of India (Sebi). The company has decided to appoint …
  • Disney calls heiress's pay-related comments 'bas... 18 Jul 2019 08:37 By Brooks Barnes LOS ANGELES: Walt Disney’s grandniece Abigail Disney, a critic of income inequality in general and the Walt Disney Company’s pay practices in particular, castigated the conglomerate anew Monday, saying she came away “livid” about wages …
  • CARE Ratings sends CEO Rajesh Mokashi on leave pending inquiry 18 Jul 2019 08:23 The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO. Bengaluru: India's CARE Ratings Ltd has placed Chief Executive Officer Rajesh Mokashi on leave until further notice, the company said here late on Wednesday, …
  • CARE Ratings slips 5% after MD Rajesh Mokashi sent on indefinite leave 18 Jul 2019 08:11 Shares of CARE Ratings slipped up to 5 per cent on the BSE on Thurdsay after the firm sent its managing director and chief executive officer (MD & CEO) Rajesh Mokashi, on indefinite leave owing to a complaint received against him by the Securities and …
  • CARE Ratings Limited dumps CEO pending resolution of complaint against him 18 Jul 2019 05:50 The Board of directors of CARE Ratings Limited ("CARE") has at its meeting today, decided, pending the completion of the examination of anonymous complaint received by the Securities and Exchange Board of India ("SEBI") and forwarded to …
  • Sebi boss is in two minds over sharing kitty 18 Jul 2019 05:46 Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi has written to finance minister Nirmala Sitharaman, saying budget proposals requiring the transfer of the regulator’s surplus funds to the Consolidated Fund of India (CFI) and prior …
  • SAP: Quarterly Statement Q2 2019 18 Jul 2019 05:44 (MENAFN - PR Newswire) Double-Digit Growth Across the Board:- Cloud Revenue Growth Soars - Double-Digit Cloud & Software Revenue Growth- Double-Digit Total Revenue Growth Cloud Gross Margin Up Sharply SAP Reiterates Outlook- Cloud Revenue Up 40% - …
  • Care Ratings slips over 4% as MD and CEO sent on leave 18 Jul 2019 05:22 Shares of Care Ratings declined over 4 per cent in early trade on Thursday after the company sent its managing director (MD) and CEO on leave after an anonymous complaint was filed against him at the Securities and Exchange Board of India (Sebi). The scrip …
  • Budget perpetuates inefficient structure 18 Jul 2019 05:07 'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential …
  • After Icra, CARE Ratings also sends CEO on leave pending completion of inquiry 18 Jul 2019 04:58 Credit rating agency CARE said it has sent it's managing director and chief executive Rajesh Mokashi on leave, pending completion of the examination of an anonymous complaint received by the Securities and Exchange Board of India (SEBI). "The …
  • CARE Ratings MD and CEO Rajesh Mokashi sent on leave 18 Jul 2019 04:36 The Board of directors of CARE Ratings Ltd on Wednesday decided to place Rajesh Mokashi, Managing Director & CEO, on leave with immediate effect, until further notice, the credit rating agency said in a late evening stock exchange notice. This move is …
  • Stocks in the news: YES Bank, Wipro, Care Ratings, ACC and Allahabad Bank 18 Jul 2019 04:06 NEW DELHI: Nifty futures on the Singapore Exchange were trading 28 points, or 0.24 per cent, lower at 11,645.50, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade: ACC, Colgate-Palmolive: Cyient, …
  • India's CARE Ratings sends CEO on leave pending inquiry 18 Jul 2019 03:21 BENGALURU, July 18 (Reuters) - India's CARE Ratings Ltd has sent Managing Director and Chief Executive Officer Rajesh Mokashi on leave until further notice, the rating agency said in a stock exchange filing here late on Wednesday. This comes after …
  • Sebi chief questions Budget plan for transfer of surplus funds to govt 18 Jul 2019 00:31 Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi has written to the finance ministry, seeking a review of the Budget proposal that mandates transferring 75 per cent of the market regulator's surplus funds to the central government, it …
  • Abbott Laboratories (ABT) CEO Miles White on Q2 2019 Results - Earnings Call Transcript 17 Jul 2019 21:00 Abbott Laboratories (NYSE:ABT) Q2 2019 Results Conference Call July 17, 2019 9:00 AM ET Company Participants Scott Leinenweber - VP, IR, Licensing and Acquisitions Miles White - Chairman and CEO Robert Ford - President and COO Brian Yoor - EVP, Finance and …
  • Jalan panel to recommend transfer of surplus RBI reserves to govt in tranches 17 Jul 2019 19:36 New Delhi: The Bimal Jalan panel that was set up to review the economic capital framework of the Reserve Bank of India (RBI) has decided to recommend transfer of surplus reserves to the government in a staggered manner over three-five years based on a …
  • CARE sends MD on leave, cites anonymous charge 17 Jul 2019 18:56 Rating company CARE has sent its managing director and CEO on leave after an anonymous complaint was filed against him at the Securities and Exchange Board of India (Sebi). “The board ….decided that pending the completion of the examination of the …
  • Care Ratings CEO Rajesh Mokashi sent on leave 17 Jul 2019 18:03 Mumbai, July 17 (IANS) Care Ratings on Wednesday said that its board of directors had decided to send on leave, Rajesh Mokashi, Managing Director & CEO, with immediate effect. “The Board of directors of CARE Ratings Limited (CARE) has at its …
  • Seb imposes Rs 20 lakh penalty on 4 entities for fraudulent trade 17 Jul 2019 17:19 New Delhi, Jul 17 () Markets regulator Sebi has levied a total penalty of Rs 20 lakh on four entities for indulging in fraudulent and non-genuine trades in the illiquid stock options segment of BSE. The entities facing the penalty are: Arpna Capital …
  • Sify Technologies to announce Financial Results for First Quarter FY 2019-20 on July 24, 2019 17 Jul 2019 16:21 Santa Clara, California, Jul 17, 2019 (GLOBE NEWSWIRE via COMTEX) -- Sify Technologies Limited SIFY, -0.69% headquartered in Chennai, India, India's most comprehensive ICT solutions provider with global service capabilities spanning domestic and …