BUSINESS
Anson Funds, in focus over Hindenburg ties, is a registered FPI in India
The Toronto-based hedge fund in collusion with Hindenburg Research allegedly prepared bearish reports on certain companies, Canadian court filings show
BUSINESS
FEMA changes may bolster Rupee, say analysts
On Thursday, the RBI allowed non-residents to open Rupee accounts overseas to pay for Indian imports.
BUSINESS
Singtel, KKR agreed to put in checks to address CCI concerns on $ 1.3-billion data centre deal
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
BUSINESS
India Inc’s overseas investment surged 50% to $32.5 billion in 2024
L&T, Tata Steel and state-owned Bharat PetroResources are among the companies that made substantial investments overseas in 2024
BUSINESS
Big Four consultancies ask employees to go slow on work travel, use public transport
The development assumes significance as work-related travel is a key expense for the firms. The Big Four consultancies cited net-zero goal as another reason behind the move
BUSINESS
Sebi asks IPO-bound companies to disclose whistleblower complaints
The development comes as the market regulator made a rare intervention to stop IPOs of at least two companies in the recent past after whistleblower complaints alleged lapses in disclosures made in their offer documents
BUSINESS
China's central bank owns Rs 40k-crore portfolio in India, even as ties remain turbulent
PBOC owns shares in atleast 35 Indian listed companies including ICICI Bank, HDFC Bank and Infosys
BUSINESS
Deloitte ignored red flags raised by lender in Zee Entertainment audit case: NFRA
On Dec 23, NFRA imposed a Rs 2 crore fine on Deloitte, barred partner A.B. Jani from audits for five years, and restricted another partner, Rakesh Sharma, for three years
BUSINESS
India Inc boardrooms look younger with a third of new directors aged below 30
The development comes as new company incorporations are taking off in a big way as more Indians try their hands at entrepreneurship
BUSINESS
New rules tighten use of AI models by investment advisers for stock picking
Sebi has made IAs accountable for risks caused due to the use of AI tools and made must the disclosure of extent of use of such tools
BUSINESS
Setback from SC may cause further delay in CCI probe into e-commerce platforms
The Supreme Court on Friday said it cannot give ‘special treatment’ by transferring the 24 petitions in question.
BUSINESS
India FPIs managed by Swiss banks UBS, Credit Suisse, others could be hit by higher dividend tax
The Swiss government on December 13 announced the rollback of the beneficial 5 percent dividend tax rate for entities with India income following the Supreme Court's verdict in the MFN case
BUSINESS
What Sebi’s new clarification means to investors buying unlisted shares
Sebi has clarified that many platforms selling unlisted shares are violating security market rules. The regulator also cautioned investors not to transact or share any sensitive personal data on such platforms.
BUSINESS
Samsung moves High Court to extricate itself from Amazon, Flipkart anti-trust probe
Samsung claims that the cloning of employee phones during the 2022 search and seizure operation was illegal and asks the court to restrain CCI from using the evidence so collected.
BUSINESS
CCI files petition in Supreme Court against delaying tactics of e-commerce sellers on Amazon, Flipkart
The case is likely to settle the position on two key powers of CCI: search & seizure and expanding the ambit of probe, say legal experts.
BUSINESS
Zee may have to take fresh call on Goenka salary after he withdraws MD bid, say governance experts
In the run-up to the AGM in which shareholder voted against his appointment to the board, Goenka withdrew his nomination for MD’s position and said he would continue as CEO
BUSINESS
How retail investors of Zee blocked proposal to reappoint Punit Goenka as director
Even though 52 percent institutional voters supported the resolution, bulk of the retail voted against it
BUSINESS
Here's what Sebi’s proposed tweaks to angel funds mean for Indian investors
Sebi has proposed the concept of accredited investors, linked to net worth for angels looking to put money in Indian startups through various angel networks
BUSINESS
CCI probe exceeds mandate: e-retailers on Amazon, Flipkart argue before Karnataka HC
A single bench of the Karnataka HC, which is headed by Justice Hemant Chandangoudar, is hearing the case.
BUSINESS
Adani Group disclosed US bribery probe for the first time a year after FBI raided Sagar Adani
The first disclosure was made in March 2024 when Adani Green was raising $409 million in debt funding
BUSINESS
US indictment brings focus on certain disclosures made by Adani Group companies
The US DOJ has accused the company of not disclosing developments pertaining to the anti-bribery probe to the US based bondholders while selling them bonds.
BUSINESS
Not just Goenka reappointment, proxy advisor asks Zee shareholders to vote against adoption of financial statements
Both Goenka’s reappointment and the adoption of financial statements are ordinary resolutions, which as per Companies Act, require 51 percent of the votes cast at the AGM to be in favour of the resolution for it to pass.
BUSINESS
MIT’s India portfolio stands out amid FPI selloff, check out its top bets
MIT, the world’s second best university, has taken a contrarian view of Indian markets when compared to other foreign funds — buy emerging stocks and hold them long, data complied by Moneycontrol shows
BUSINESS
Singapore government cements its position as largest FPI in India
With investments in 78 different Indian companies, the market value of Singapore government’s holdings is roughly same as the next two FPIs combined
