BUSINESS
Sacked IL&FS MD blames LIC, macro factors for mess, denies fund diversion charges
Sankaran asked NCLT to appoint an independent foreign agency without conflict of interest, rather than a local one, to investigate the company's affairs
MARKETS
I-T Dept may probe tax evasion through F&O trades
This is not the first time that I-T officials suspected tax evasion through the capital market. In 2014-15, the Director General of Income Tax, Kolkata prepared a report detailing how penny stocks were used for over Rs 80,000 crore in evasion of long-term capital gains.
BUSINESS
NCLAT grants interim relief to IL&FS against lenders' claims
The appellate tribunal's decision comes after the NCLT rejected a plea by the MCA seeking a 90-day moratorium on loans given to IL&FS and its subsidiaries.
BUSINESS
NCLT reserves order on MCA plea seeking 90 days moratorium against IL&FS, group companies
IL&FS' newly-formed board had written to the government saying the mounting litigation against the company is a matter of concern
MARKETS
NSE launches commodity derivatives segment
NSE is the second equity exchange after Bombay Stock Exchange to enter the commodity derivatives segment.
BUSINESS
I-T Department searches Raghav Bahl's residence, The Quint office
Media baron says news portal ‘fully tax compliant’.
BUSINESS
IL&FS' transaction with MCX under investigation
The former management of MCX is alleged to have paid Rs 19.53 crores to IL&FS subsidiary as consulting charges for its stake sale in MCX-SX even as IL&FS itself was interested in buying the stake.
BUSINESS
SEBI may probe Infibeam stock crash
Infibeam stock tanked 70 percent on September 28 after a false WhatsApp message about the company’s loans started doing the rounds
BUSINESS
MCA asks bankruptcy court for exemptions to fix IL&FS problem faster
However, the NCLT judge observed that the Companies Act does not permit an exemption from procedure. The tribunal is yet to pass its final order in the case
BUSINESS
MCA seeks relief for IL&FS from punitive actions, immunity for new board
MCA referred to various reliefs that were given to the new board of Satyam when it was in the transformation stage.
BUSINESS
IL&FS Group companies count stands at a whopping 348!
The emergence of additional IL&FS entities could pose further challenges for the board.
BUSINESS
SEBI may consider circuit filters for F&O segment as stock prices halve
The steep fall in one stock often has a domino effect as players who lose heavily in that stock start unwinding positions in other stocks or futures to make up for the losses
BUSINESS
IL&FS crisis: MCA ensured swift change of guard with FinMin in agreement
Moneycontrol has reviewed a confidential report related to the IL&FS crisis which was sent to Secretary, Ministry of Corporate Affairs, from the Ministry of Finance on September 30.
BUSINESS
IL&FS crisis: ICRA could face heat from SEBI for rating call gone wrong
A source told Moneycontrol that SEBI is deciding if it should probe to see whether proper due diligence was carried out by the rating agency at the time of assigning credit ratings.
BUSINESS
NCLT approves govt's takeover of IL&FS board; Uday Kotak to be chairman
The National Company Law Tribunal (NCLT) has approved the takeover of IL&FS board by government nominees.
BUSINESS
SEBI employees protest against new promotion policy
The protest was aimed at conveying the employees' disappointment at being short changed in the name of career progression
BUSINESS
Govt seeks to supersede IL&FS board in Satyam-style takeover, proposes Uday Kotak as chairman
The government's counsel told the NCLT that IL&FS' directors had "failed to discharge their duties" and that many mutual funds would collapse if IL&FS collapses
BUSINESS
NSEL case: On SEBI's complaint, Mumbai Police's EOW registers case against 300 traders
"SEBI moved EOW and registered complaint against brokers who used NSEL platform and were involved in misselling products," a source told Moneycontrol.
BUSINESS
SEBI commodity panel discusses mandatory delivery, longer trading hours
The panel proposed making delivery of base metals mandatory, even for existing exchanges
BUSINESS
ED may reject Vijay Mallya’s offer of sale of equity: Sources
Sources tell Moneycontrol that the ED is not keen on selling equity fearing volatility in stock prices.
MARKETS
SEBI mulls lifting decade-old ban on tur, urad futures
FinMin had earlier notified 91 commodities, including tur and urad, on which exchanges can launch commodity for trading after SEBI’s nod.
BUSINESS
Vakrangee investigation: MCA orders inspection of company's books, raises concern over business model
The order comes after the Ministry's Western Region Director submitted preliminary enquiry report on the sudden resignation of Vakrangee's auditor.
MARKETS
SEBI board wants to make NSEL case watertight, seeks action against all brokers
These brokers have been accused of misselling the products on NSEL, to their clients, a source familiar with the development told Moneycontrol.
BUSINESS
SEBI may approve interoperability of capital market in Sept 18 board meet
The introduction of interoperability would allow trading companies to clear trades through a firm of their choice, rather than going through the clearing house owned by the exchange on which the trade was executed.
