Perimeter security will be strengthened at army bases under six commands, the sources said.
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).
The regulator had introduced trading plans to provide an opportunity for those holding possible insider information to legitimately trade, without violating insider trading regulations
The mishap occurred at the fifth unit of the thermal power station-II (210 MW x 7) when workers were in the process of resuming operations on Wednesday morning.
He also said a total of Rs 38.75 crore, deposited by people in the Karavannur Cooperative bank in this district, which is now facing charges, had already been returned.
The most important step is delivering what is needed -- a fairer IPO pricing, notes Debashis Basu.
World soccer's governing body, FIFA, is expected to pass wide-ranging reforms at a Congress in Zurich next Friday, when a new president will also be elected.
The mechanism would also need to have necessary safeguards to protect whistle-blowers from victimisation, while checks would also be required against any misuse of this facility aimed at encouraging directors and employees to report genuine concerns and any wrongdoings at their company.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
The ICC Board, at its first meeting of 2016 in Dubai on Wednesday, considered amendments made to the ICC's constitution in 2014 and agreed that, in order to avoid any potential conflicts of interest and follow best practice principles of good governance, it will seek to re-establish as quickly as possible the 'independent' position of ICC chairman.
Scores of chartered accountants, company secretaries and cost accountants are currently under the regulatory scanner for alleged violations of the companies law with respect to setting up of certain Chinese companies and their subsidiaries in India, according to officials. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated. The Institute of Cost Accountants of India has also initiated action against some of their members in the matter.
The ICICI board, which consists 12 members, is divided on whether Kochhar should be on leave during the internal enquiry
Many lay folks cannot fathom the arcane language of the corporate governance brouhaha. I found that a mythological story connects very well, says R Gopalakrishnan.
The Board of Control for Cricket in India's stand with regards to participation in the 2024 Olympic Games in Paris, audit firm Deloitte's presentation on financial irregularities and revision of pay structure in domestic cricket are on the Committee of Administrator's agenda when they meet BCCI's top office-bearers, in New Delhi, on Wednesday.
In his letter to Lok Sabha Speaker Om Birla, Tharoor took strong objection to Dubey's remarks on Twitter that 'the Chairman of Standing Committee does not have the authority to do anything without discussion of the agenda with its members'.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
'We are learning from every patient who is admitted, treated and discharged.'
CoA chief Vinod Rai has made it clear that the CAC comprising Kapil were 'not conflicted'
The SC set aside the 2011 verdict of the Kerala high court which had directed the state to set up a trust to take control of management and assets of the historic Sree Padmanabhaswamy Temple.
While auditors have come in for a lot of praise for their proactive stand against what they perceive to be dodgy practices followed by companies, there is still a long way to go, says Shyamal Majumdar.
The Enforcement Directorate on Friday said it has issued a show cause notice to the country's largest cryptocurrency exchange for undertaking transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act (FEMA). WazirX, registered under the company named Zanmai Labs Pvt Ltd, was incorporated in December, 2017 as a domestic cryptocurrency start-up and its directors Nischal Shetty and Hanuman Mhatre, along with the company, have been named in the notice issued by the central probe agency after completion of investigation. The agency issued a statement saying that it stumbled upon the transactions of the company during an ongoing money laundering probe into the "Chinese-owned" illegal online betting applications.
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.
FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands.
Tokyo's Olympic 2020 contract allows it to postpone the Games until the end of the year, Japan's Olympics minister said on Tuesday, amid concern the coronavirus could disrupt the event. To curb the coronavirus, Japan's government has asked schools to close and encouraged the curtailment of events, including sports meetings, that could attract large crowds.
Air Commodore J S Dhamoon, who was commanding the Pathankot air force base when it was attacked by heavily armed terrorists last year, has taken pre-mature retirement from service.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
The apex court also pulled up the Gujarat government for extending the deadline till July next year for hospitals to rectify the building by-laws violations, and said the "carte blanche" notification was in teeth of its order of December 18 last year and people will continue to die in fire incidents.
The Committee of Administrators (COA) wants BCCI to appoint an Ombudsman and an Ethics Officer at the earliest to deal with any disputes leading up to its much-awaited Annual General Meeting and elections.
Agrees with RIL's stand that CAG cannot do a performance audit of the company.
A division bench of the high court comprising Justices Sanjib Banerjee and Arijit Banerjee, while hearing a public interest litigation, said that no visitors will be allowed to enter the marquees. For small pandals, barricades will have to be put up five metres from the entrance, while for the bigger ones, the distance has to be 10 metres, the court ordered.
Dravida Munnetra Kazhagam patriarch M Karunanidhi was re-elected as party president for the 11th time in a row by the newly constituted general council on Friday.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
There was no casualty in the blaze that erupted on the second floor of Bodeli Dhokalia Public Hospital, the official said, adding that 10 COVID-19 patients undergoing treatment at the facility were shifted to its lower floor and some of them were later admitted to other hospitals.
Former ESPN Star Sports MD Sawhney has already been working alongside outgoing Chief Executive Richardson for the last six weeks to ensure a smooth transition.
India's winning streak in elections to UN bodies demonstrates it is time for the country to become a permanent member of the Security Council and those who doubt this can no longer behave like "ostriches in sand", the Indian envoy to the world body has said.
We sought Rs 2,000 crore from government to revamp security infrastructure at bases and installations. But it is yet to give a single rupee: Armed forces. The armed forces will have to spend money on revamping security infrastructure from funds allocated in defence budget: Defence ministry.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Activist Anna Hazare will soon write to Prime Minister Manmohan Singh, seeking his views on having an annual performance audit of the Members of Parliament.
