Revenue dept says changes in I-T Act require Parliament nod; new regime to wait till Budget in June-July 2014.
The market likely to cross $10-bn mark in 2014.
Exchange used new investors' money to pay returns to old ones, finds FMC's forensic audit.
About Rs 5,600 crore (Rs 56 billion) of investments of some 13,000 investors are stuck in NSEL. Despite reports from several internal committees of regulators and investigative agencies pointing to fraudulent activities, there hasn't been any substantial enforcement action against the exchange or the officials.
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Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.
A much-vacant mall in a sleepy industrial park is all that's left of the amount allegedly owed by Mangla Shree Properties against 0.2-mt sugar deliveries
Against varying claims its SGF ranged from Rs 839 crore (Rs 8.39 billion) to Rs 62 crore (Rs 620 million), between July 29 and August 14, the bourse had Rs 84.66 lakh (Rs 8.46 million) in the actual SGF.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
The FT stock took a beating, losing 80 per cent in two sessions before recovering. Though in an exchange announcement following the government's missive on July 12, FT identified NSEL as a material subsidiary, rumour mills contemplated two possible transactions: a sale between May 30 and June 30 which had led to the subsidiary becoming an associate and another transaction between June 30 and July 15 when the associate again became a subsidiary.
National Spot Exchange data shows huge amount of wool going out of its warehouse, but a visit to the storage reveals a different picture.
The recently anointed managing director and chief executive officer at Maruti Suzuki India Ltd tells Business Standard how he intends to get back to over 50 per cent share in the domestic market, apart from a larger role in the parent's global operations.
UTC India is playing up the umbrella brand of Carrier and OTIS to push integrated services.
Udayan Mukherjee, who stepped down earlier this week, was the first full-fledged market commentator Indian business television knew of.
Days after low-cost carrier AirAsia announced it would launch its India operations by the end of the year, IndiGo Airlines President Aditya Ghosh, 38, tells Sudipto Dey in an interaction why his airline is not one that should be worried.
The temples committee has already posted a request to devotees on its website to contribute towards the rebuilding.
The investor community says the move by the Securities and Exchange Board of India (Sebi) to bring angel funds under the Alternative Investment Funds Regulations is a mix of good and negatives.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
A key road connection between Srinagar, the last major town on the banks of the Alaknanda, and Rudraprayag, the junction where the roads to Badrinath and Kedarnath diverge, was broken on Monday night, following heavy downpour and landslides.
Just outside the Sashastra Seema Bal Academy campus, an entire colony, Shakti Vihar, which locals say had 100-150 houses, lies buried under the sand. Srinagar is counting its losses after the raging Alaknanda river destroyed much of what was located on its banks on the night of June 16.
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