If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
"In the backdrop of inadequate disclosure levels on share pledging, investment in such companies exposes an investor to severe price volatility in case a promoter is not able to meet payments or provide additional collaterals in a falling market," analysts at Crisil Equities said in a research report.
Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors.
Till October 14 this year, FIIs were net sellers in equities at Rs 1,132 crore (Rs 11.32 billion) while their debt exposure stood at Rs 20,029 crore (Rs 200.29 billion). This is the first time since 2008 that FIIs are net sellers in equities.
The Burman family is in talks to buy less than 26 per cent stake in Espirito Santo India.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
Promoters say they mistakenly under-reported their stake at 7% lower than what it actually was.
Minority shareholders are disappointed after the Securities and Exchange Board of India (Sebi) increased the size of the mandatory open offer from 20 per cent to 26 per cent, ignoring the Achuthan panel's recommendation of giving all shareholders an exit option.
Chairman of the Central Board of Direct Taxes (CBDT), Prakash Chandra, has asked the income tax (I-T) department to hasten court and tribunal proceedings to meet tax collection targets in the coming quarters.
Reliance Communications (RCom) and Reliance Industries (RIL) were the top losers among Sensex stocks on Thursday, after a research report by Canada-based equity research firm Veritas made damning accusations against their managements.
Reliance Communications (RCom) and Reliance Industries (RIL) were the top losers among Sensex stocks on Thursday, after a research report by Canada-based equity research firm Veritas made damning accusations against their managements.
"The tacit understanding between people now is that a question should be looked upon as a statement," says an institutional dealer.
NSE's Ramakrishna and ING Vysya Bank's Bhandari front runners for the post.
Rupee-denominated contracts will be traded from 9 am to 5 pm.
The dull overall scenario in the stock market seems to have hit the initial public offers (IPOs). In a first this year, there are no IPOs lined up for this month.
Last month saw DGCX record the highest volumes, as trades in futures contracts across the bourse crossed one million contracts.
Bhushan's claim is based on the grounds that the heart is a plant and the expenditure has been incurred on current repairs.
While listing can be good, success depends on sentiment and performance.
You cannot project BSE as a standalone trading platform, says Madhu Kannan.
Despite changes in rules, the exchange is not in a hurry