Infosys has become the latest major corporate to attract regulatory attention for alleged corporate governance lapses being played out in public after Tatas, United Spirits and Ricoh India, among others.
The new clarifications show the government‘s seriousness about bringing black money back and this boosts the chances of the scheme's success, Arun Anandagiri of Taxsutra.com told CNBC-TV18.
MV Kotwal, Whole-Time Director & President (Heavy Engineering), L&T says the company is involved in making prototypes for the Defence Research and Development Organisation (DRDO) and has already put in place facilities for warships.
Without disclosing the details of the clarifications sought, the Securities and Exchange Board of India (Sebi) has said that "clarifications (are) awaited from Lead Manager" for the proposed public offer.
Real estate arm of Godrej Group, Godrej Properties submitted the details sought by Sebi regarding the company's proposed Rs 700 crore rights issue.
Vivek Gupta of BMR Associates says, in an interview to CNBC-TV18, that the FDI norms offer nothing new and are only a reiteration of the government's stand announced in September
Sajai Singh, partner, JSA feels that the government‘s clarifications issued on Thursday on FDI in multi-brand retail have come up from questions that several retailers have been asking the government.
The original Reserve Bank of India guidelines were fairly lucid, and everything was well articulated, says Ajit Mittal, Group ED, Indiabulls Group. Talking to CNBC-TV18, he says that RBI has now clarified that the transition time is 18 months.
CNBC-TV18's Rituparna Bhuyan reports that the DIPP clarifications on SMEs and details of sourcing by foreigh retailers will be decided after after commerce minister Anand Sharma‘s return.