Earlier, the regulator only mandated disclosures and issued observations. It was on an investor to read the disclosures carefully and take an informed decision.
What stops you from writing a cheque for Rs 7.94 crore, if you are sure the payee won't present it for payment? Nothing, really, not even the fact that your bank account has a balance of Rs 1 lakh or less. It is this confidence that seemed to have helped the Robert Vadra-promoted Sky Light Hospitality to write one or more cheques amounting to Rs 7.94 crore and account that as "book overdraft" in its balance sheet for the year ended March 31, 2008.
Several other little known entities, realty players involved in transactions with his four firms.
The minister added that the exchanges should not be discouraged by the failure of past attempts at launching such a dedicated platform for small exchanges.
IDBI Bank's recent overseas money raising experience points to renewed interest in India.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Regulator could consider additional avenues for promoter stake dilution.
Advisory firm Institutional Investors Advisory Services (IIAS) has advised investors to vote against a resolution seeking the reappointment of the statutory auditor of technology major Infosys.
Staff submissions show clients may have disowned initially authorised transactions after losses.
Writes to coal secretary; may move court today as it finds directors' response inadequate.
Much is riding on the role of market intermediaries to get this platform going
Much is riding on the role of market intermediaries to get this platform going
Lapped up 157 mn shares worth Rs 4,000 crore between Jan 1 and Feb 8
The exchange granted 1.96 million stock options under two employee stock option (Esop) schemes in 2006 and 2008 to those eligible, according to regulatory filings.
Finance Ministry meets market participants, wants feedback.
According to back of envelope calculations, the value of shares released in the past two weeks worked out to be Rs 262 crore (Rs 2.62 billion).
After a disastrous 2011, stock market investors are pinning hopes on next year. Top sell-side analysts believe though there is more pain ahead, 2012 is likely to end on a positive note.
If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
The finance ministry has directed the Central Board of Direct Taxes to put in place a framework for an Advance Pricing Agreement mechanism, two officials familiar with the development said.
Its first and only investment in India out of its Asia-dedicated fund has gone bad.
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