Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
They took investor money via IPOs and then disappeared.
Promoter says he sold a third of his firm to deliver Rs 251 handset.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
Be a fox by temperament and a hedgehog by conviction, Gaurav Dalmia tells Bhupesh Bhandari. Then, he explains why.
National auditor says a significant part of NPAs was due to fraud and may never be recovered
The 21st AGM of the company is scheduled to be held in Mumbai on Friday.
Iconic Dalal Street investors Rakesh Jhunjhunwala and Radhakishan Damani, known for their stock picks, have forged an unusual partnership to make Bollywood flicks.
Subrata Roy turned up at a New Delhi stadium, best known for hosting the Commonwealth Games, last week as part of his country wide Abhaar Yatra.
Directors look at ways to avoid overstretched valuations.
Last week, Sebi made amendments to key regulations that govern capital raising activities to ensure that wilful defaulters do not get access to capital markets
Any transaction where the value of Indian assets exceeds 50% of the FTC would attract taxes in India.
The shops became a subject of a political controversy last week.
At Rs 18,400 per share, value up 100 times since Lehman crisis
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
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