Shrimi Choudhary And Sachin P Mampatta

Stories by Shrimi Choudhary And Sachin P Mampatta

Why companies are chary of independent directors

Why companies are chary of independent directors

Rediff.com   18 Jan 2019

As many as 104 listed companies have fewer independent directors than mandated by the regulations, according to the figures from Prime Database, reports Sachin P Mampatta.

'Don't think you can predict the markets'

'Don't think you can predict the markets'

Rediff.com   16 Jan 2019

Financial planners advise against putting capital to work by anticipating what might go up or down.

Srikrishna panel seeks replies from Chanda Kochhar

Srikrishna panel seeks replies from Chanda Kochhar

Rediff.com   31 Dec 2018

The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.

Black Money Act: I-T initiates action in 13 new cases

Black Money Act: I-T initiates action in 13 new cases

Rediff.com   11 Dec 2018

Undisclosed foreign assets and funds worth Rs 350 crore detected; these are separate entities from those featured in Panama Leaks and Paradise Papers

Why Axis Bank is under I-T scanner

Why Axis Bank is under I-T scanner

Rediff.com   10 Dec 2018

Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts

Average Indian's income sees slower growth

Average Indian's income sees slower growth

Rediff.com   6 Dec 2018

Average salary has grown faster than average business income for three of the last five years. This has implications in a country like India. Most people in India are self-employed, with 51.4% of the population falling in that bracket.

Enemy shares may become govt's friend in need

Enemy shares may become govt's friend in need

Rediff.com   22 Nov 2018

The government's move to sell enemy shares comes when it is struggling to meet its target of raising Rs 800 billion from the sale of State assets in the fiscal year ending in March 2019. The Custodian of Enemy Property of India holds around Rs 3,000 crore worth of equity shares besides land and property across India.

Holy cow! Now even India Inc spends money on them

Holy cow! Now even India Inc spends money on them

Rediff.com   22 Nov 2018

41 listed firms made 73 donations to gaushalas (cow shelters) and other cow-related charities over the last four years. The donations range from a few thousand rupees to a million.

At Rs 1700 crore, Jhunjunwala takes his biggest hit in 10 quarters

At Rs 1700 crore, Jhunjunwala takes his biggest hit in 10 quarters

Rediff.com   20 Nov 2018

His portfolio was worth Rs 12,333 crore at the end of June 2018. It was worth Rs 10,633 crore at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Such a fall has now happened for the third quarter in a row.

The REAL story behind zero #MeToo cases

The REAL story behind zero #MeToo cases

Rediff.com   16 Nov 2018

Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting

The mystery about short-term capital gains tax data

The mystery about short-term capital gains tax data

Rediff.com   14 Nov 2018

'There is a huge tax differential of 15% to 20% depending on income classification.'

Sebi's plan to phase out physical shares runs into Rs 4trn hurdle

Sebi's plan to phase out physical shares runs into Rs 4trn hurdle

Rediff.com   14 Nov 2018

The top three companies in terms of the largest value of physical shares showed over 30 per cent shares are held in physical form. Two of the top three were part of the S&P BSE Sensex and the Nifty50 indices.

5 PSUs gave Rs 1.47 bn for Statue of Unity

5 PSUs gave Rs 1.47 bn for Statue of Unity

Rediff.com   8 Nov 2018

ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.

'Markets are not going to be calm about elections'

'Markets are not going to be calm about elections'

Rediff.com   31 Oct 2018

Coalition governments aren't necessarily a negative for the economy, though they can result in negative outcomes in the stock market if not already priced in before elections.

Investors warned against dealing with foreign trading portals

Investors warned against dealing with foreign trading portals

Rediff.com   31 Oct 2018

The inherent complexity of the products offered by such firms, web portals, and platforms may not suit the risk profile of investors and their excessive leverage can result in significant losses to investors

FinMin-RBI differences come to the fore again

FinMin-RBI differences come to the fore again

Rediff.com   31 Oct 2018

The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.

Sebi plans forensic audit for some listed companies

Sebi plans forensic audit for some listed companies

Rediff.com   25 Oct 2018

Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.

Sebi to crack down on 'mule accounts'

Sebi to crack down on 'mule accounts'

Rediff.com   24 Oct 2018

The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.

Why Sebi, staffers are at loggerheads

Why Sebi, staffers are at loggerheads

Rediff.com   19 Oct 2018

Employees allege breach of transfer policy, accuses HR of non-transparency; protests to resume on October 22

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

Rediff.com   15 Oct 2018

Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.