SEBI chairman C B Bhave on Friday said the market watchdog is planning to introduce more currency derivatives products, beginning with options, to give a wider choice to investors. “We will look into other kinds of derivatives (in currency trading), options to begin with, in order to offer increased products that are available,” Bhave said at a CII conference on Indian financial markets.
Cyril Shroff, Zia Mody and Nisith Desai are big names in India’s legal profession. They are among the most-in-demand corporate lawyers in the country for their experience, expertise as well as their image. Branding has become crucial for law firms competing in a marketplace where cross-country takeovers, mergers and copyright disputes are commonplace.
Inter-departmental consultations between Ministries of Finance and Corporate Affairs including Securities and Exchange Board of India (SEBI) are at advance stage of maturity for rolling out “relaxed and enlightened” regulations for private equities (PEs) and Venture Capitalists (VCs) so that India attracts larger volumes of their investments in areas of infrastructure, healthcare and clean energy, according to R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs.
Some of India’s large real estate firms are seeking exemption from adopting the proposed International Financial Reporting Standards (IFRS) from the next fiscal year. All real estate companies that form part of the NSE’s Nifty-50 or BSE’s Sensex-30, will have to report financial returns according to the stringent revenue recognition norms laid down by the IFRS.
The Indian Premier League (IPL), which began a trend of auctioning cricketing talents by its franchises, seems to have signaled the beginning of a possible accounting issue in future. At least, the country’s apex accounting standards setting body, Institute of Chartered Accountants of India (ICAI), believes so.
