The incidence of shareholder activism in India is more than that in other Asian countries, according to a BNP Paribas Asia Strategy report.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
There is a two-minute footage about Choksi in the series which allegedly shows him in a bad light and therefore, could affect the various proceedings against him in India.
A bench headed by Chief Justice P Sathasivam said the issues raised in the plea need 'examination' and issued notice to the Centre, RBI, Central Board of Direct Taxes, the Institute of Chartered Accountants of India, PwC and the audit firms sharing its brand name.
Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms. Owing to many alleged auditing lapses, the regulators have either imposed restrictions on the audit firms or are seeking to do so.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
NEDICT has also got in touch with companies, which will be limited to the role of 'donors'.
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The size of corporate fraud in India almost doubled after 2009, and such cases also increased in number, said a report from Thought Arbitrage, a think tank in Delhi.
India's fifth largest software services firm Tech Mahindra will acquire global network services firm Lightbridge Communications Corporation (LCC) in an all-cash deal worth $240 million (over Rs 1,486 crore).
If at all it was some great strategy, the delay has only helped the person they eventually arrested.
Several types of investment risks can threaten your portfolio -- some are easier to avoid than others
Often these IDs sit on the audit committee of the board or even chair it.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, is still pending.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
Fraud is a big concern among many board members.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
The SC said it appeared that the entire test and the system was tainted.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
'Every educational institution should have incubating centres so that students will get exposed to entrepreneurship early.'
The job placement rate for students trained by NIIT in China is over 90 per cent.' A revealing excerpt from Saibal Dasgupta's Running With The Dragon: How India Should Do Business With China.
Andhra Pradesh Chief Minister N Chandrababu Naidu, who was instrumental in developing Hyderabad as a key information technology services destination in the country, is now embarking upon a mission to establish the state as an electronics manufacturing hub.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
'India today has to fight many a battle, all of which cry out for innovation. This is where the experience of the Diaspora could be the most productive well-spring.'
Every day when Akhilesh returns after a joust with political adversaries to his Camelot, which is Lucknow's 5, Kalidas Marg, it is time to hold court with advisors and loyalists.
Director Anil Sharma gives us an insight into the Deol men, and other Bollywood Greats.
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