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Even as the Centre has launched a damage control exercise over the Satyam Computer Services scandal, in a startling disclosure, India’s stock exchanges have revealed that as many as 1,317 listed companies have not filed their corporate governance report for the quarter ended September 30, 2008....

Amid speculation of engineering giant L&T’s, which has raised its stake in Satyam Computer to 12 per cent, bid to take over the IT major, market regulator SEBI on Wednesday said anyone can approach it to seek relaxation in the open offer pricing norms. “Anybody can approach SEBI (with regard to relaxation in the open [&hel...

The list of Indian promoters, who have mortgaged their equity holding to raise funds, is growing by the day. Nearly 10 companies on Tuesday provided the stock exchanges with details of shares pledged by their promoters....

India’s Supreme Court has given the country’s financial markets regulator permission to question Ramalinga Raju, the founder of Satyam Computer Services (SATY.BO), which is at the centre of the country’s biggest corporate scandal, court officials said on Tuesday.  The court said officials from the Securities and Exchang...

Taking a leaf from Satyam scam, National Institute of Securities Market (NISM), an initiative of Sebi, has started a nationwide training programme for the internal audit of the stock brokers. The programme aims at helping the audit professionals to carry out an effective internal audit of the broker’s books in order to satisfy the requi...

After the Satyam fiasco, investors seem to be paying more attention to whether promoters have pledged holdings a la Rajus, rather than concentrate on fundamentals.After Satyam announced that lenders had sold 2.45 crore shares pledged by the promoter, the market have shown a negative reaction to similar instances.Signalling their aversion ...

Faced with criticism that its disciplinary machinery is only focused on errant members and not on the firm that they represent, the auditing profession regulator Institute of Chartered Accountants of India (ICAI) has trained the gun on audit firms now. The ICAI has written to the Securities and Exchange Board of India suggesting that the ...

The Securities and Exchange Board of India (Sebi) is conducting inspection of stockbrokers, who act as depository participants (DPs) and are also into margin-funding business, as there have been instances of client-account mismanagement. The Sebi move follows complaints from some retail investors about misuse of their shares by brokers. A...

The government said on Tuesday it has no proposal to ban futures trading in more commodities. Since the Abhijit Sen Committee could not establish any definite causal relationship between futures trading and rise in prices of commodities, there is no proposal to ban futures trading in more commodities, minister of state for finance P K Ban...

Eighteen companies, collectively planning to raise Rs 9,000 crore (Rs 90 billion) through initial public offers, will benefit from the Securities and Exchange Board of India's new norms to extend the IPO validity period from three months to a year....