The nine companies facing suspension are -- GCV Services, Indo-Pacific Software & Entertainment, IOL Netcom, Jai Mata Glass, Mahaan Foods Ltd, Midfield Industries, Priyadarshini Spinning Mills, Regency Trust and Suraj Industries.
Indian industry, particularly the IT sector has been concerned over increasing resistance to outsourcing in the developed world.
The quarterly reports filed by listed companies with the Securities and Exchange Board of India can be obtained and scrutinised by the ministry to find out discrepancies and take appropriate actions, sources said. Since the disclosure of the Satyam scam, the ministry of corporate affairs has been trying to develop an early warning system so that it can take advance action to prevent large-scale corporate frauds.
The sops being given to the IT firms in metro cities should be extended to companies in tier 2 and 3 cities as it will generate greater employment opportunities and boost growth, industry body Nasscom has said.
India on Wednesday said its strong economic fundamentals have made it a major global hub for diverse business interests and Japanese companies like Kansai Paints
Terming the judgement as a 'landmark judgement' in favour of poor patients, domestic drug manufacturer associations, including Indian Pharmaceutical Alliance and Indian Drug Manufacturers' Association, hailed the apex court's decision.
A total of 10 companies collectively managed to garner Rs 6,059 crore (Rs 60.59 billion) through their IPOs during the fiscal year ended March 31, 2013, shows an analysis of data available with the stock exchanges.
Corporate behemoth Reliance Industries and two Tata Group firms - Tata Motors and Tata Steel - have emerged as the country's most admired companies for their corporate social responsibility initiatives, says a survey.
TCS emerges as the biggest gainer
However, the cumulative gains of these six companies at Rs 35,716.85 crore was less than the total loss seen by the four firms - TCS, ITC, HDFC and CIL
Laxmi Mittal-promoted Arcellor Mittal is raising $3-billion, of which $2.5-billion would be through equity and $0.5-billion through convertible bonds offering, which it is doing on two of its platforms, he said.
There is some good news for vehicle owners. The repair and maintenance costs on their cars could come down soon if a report on monopolistic behaviour of automobile makers is accepted by the country's anti-trust watchdog.
Land costs constitute 50 to 60 per cent of a project's overall costs.
Ripples of Indias largest corporate scam along with poor quarterly performance have made more than half of the actively traded companies on the Bombay Stock Exchange (BSE) opt not to disclose their fourth quarter un-audited results this month. Instead, they would announce only their annual audited results, before the end of June.
According to a study by Right Management, 75 per cent of US employers surveyed said they involuntarily lost their many high-performing employees over the past 12 months.
The pass-outs of the country's premier business schools like the Indian Institute of Management (IIM) can now be hired at much lower packages than they used to get when the world economies were booming.
Even smaller companies like Torrent Pharma and Alembic file five to 10 ANDAs every year.
Companies say the viability of 13,000 megawatts worth of projects, which have fixed power sale tariffs, hinge on the government decision.
The Reserve Bank of India (RBI) has decided "in principle" to bring under its regulatory ambit holding companies floated by business groups and companies that also own non-banking finance companies (NBFC).
Waning appetite of investors for new issues has also prompted many firms to postpone their listing plans.
Interview with Advisor to Ernst and Young Global.
I would focus on R&D, correct or fine tune the US strategy and look at inorganic growth routes
The oil companies will meet on Friday for the review meeting on pricing in which petrol price could be increased by Re 1 and diesel prices by 50 paise by this weekend.
The insurance regulator is likely to confine the portability of health insurance policies to non-life insurance companies.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
Asserting that US companies face strong barriers in the services sector in India, a top Obama Administration trade official on Thursday expressed concern over the trend toward compulsory local production in its 17th largest trading partner.
The average revenue per user (ARPU) of the country's four new GSM operators who got licences in 2008 - Uninor, S-Tel, Videocon and Etisalat DB - was between Rs 8.50 and Rs 39 in the January-March quarter.
Car and two-wheeler makers are giving India's largest auto hub the miss, thanks to prolonged labour unrests.
Feels earlier rules were not in interest of minority shareholders.
Power transmission infrastructure in 18 major cities could be potentially hacked.
Globally, targeted attacks were up 91 per cent in 2013 and lasted an average of three times longer compared to 2012.
Aviation turbine fuel prices in Delhi were slashed by Rs 2,052 per kilolitre to Rs 27,106 per kl, effective midnight on Saturday, an official of Indian Oil Corporation, said. But for the one-off 3.3 per cent increase in rates on January 16, jet fuel prices are declining in tandem with the fall in international oil rates.
This was part of a set of clarifications issued by DIPP on the norms to be used to treat downstream investments by Indian companies which have foreign equity, termed Press Note 4. Investing company means an Indian one holding only investments in other Indian companies. Foreign owned or controlled means either having foreign ownership in excess of 50 per cent or non-residents having powers to appoint a majority of board members.
The draft regulations for the new pension scheme likely to be out by September first week is expected to recommend fixing minimum base capital for pension fund management companies less than that stipulated for insurance companies.
The entities were involved in fraudulent practises in Sun Infoways stocks.
Information technology firms that announced a boycott of the city's annual IT exposition protesting poor infrastructure received support from National Association of Software and Service Companies
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