MNC dividends pour post scrapping of distribution tax
In FY23, the dividend earned by foreign promoters and other overseas investors was nearly ₹1.24 lakh crore compared to ₹53,600 crore in FY20 or ₹53,500 crore in FY19.
In FY23, the dividend earned by foreign promoters and other overseas investors was nearly ₹1.24 lakh crore compared to ₹53,600 crore in FY20 or ₹53,500 crore in FY19.
In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.
The initial public offering (IPO) for life insurance behemoth LIC, through which the government is planning to mobilise about Rs 1 lakh crore, could be split into two consecutive offerings with a gap of a few months since it’s believed that the market may not have the capacity to
There are many links in the chain responsible for prevention as well detection of frauds. Auditors, however, have always found themselves at the centrestage whenever it comes to fixing accountability and liability for occurrence of frauds.
IBC is like a video camera. Even if it does not work all the time, its presence itself will make corporate borrowers more responsible in their borrowing and repaying behaviors.
Analysts said the last offer price of Rs160 apiece was unattractive. However, the stock rallied to Rs226.5 as of Tuesday and the current offer price is around 4% higher than the market price.
Hinduja Group's IndusInd Bank is expected to get a capital boost from promoters by Thursday after a successful rights issue in which they have raised Rs 2,021.45 crore.
A proposal by RBI's panel allowing big businesses to set up banks has come under severe criticism from former RBI Governor Raghuram Rajan, and Ex Deputy Governor Viral Acharya, who in a LinkedIn post, termed the idea “disastrous” for banking. The duo raised the risk of excessive concentration of economic and political power with big industrial houses. A clutch of governance experts agree with the concerns raised by them, indicating the proposal is fraught with unnecessary danger.
IBBI says liquidation under IBC should be completed in 1 year.
Screening committee set up, will directly talk to resolution professionals bypassing bankers to initiate prompt action.
Bringing the differences between him and Rahul Bhatia that have been simmering for nearly a year into the open, co-founder and promoter Rakesh Gangwal has alleged corporate governance lapses -- a development that brought InterGlobe Aviation under regulatory scanner.