Business Companies Market

RBI “No” to Yes bank Founder CEO term plunged its stock 31.67%

Stock exchanges were closed Thursday on account of a public holiday.  The Reserve Bank on Wednesday curtailed the term of Yes Bank’s founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019. Kapoor, who has been managing director and CEO since the bank’s inception in 2004, had Read More…

Companies Environment Legal Nature Supreme Court

Supreme court says “NO” to TN plea on Sterlite

Supreme Court Monday asked the National Green Tribunal (NGT) to decide on the merits and maintainability of the issue raised by the Tamil Nadu government on Vedanta’s plea challenging the closure of its Sterlite plant at Tuticorin.  A bench of Justices R F Nariman and Indu Malhotra said it has already asked the NGT to Read More…

Business Companies Life Style World

Indian Top 10 Billionaires in 2018

Forbes magazine, the business magazine that produces an annual list on the richest billionaires worldwide every year, has published its latest list for the year 2018.  The magazine has taken into account 2,208 billionaires from all over the world to come out with this list. Out of these 2,208 billionaires, there are 121 Indian billionaires,19 Read More…

Business Companies Legal

Inshumathi Refineries Raided & booked under PMLA

The Enforcement Directorate (ED) on Saturday conducted searches at nine locations in Tamil Nadu in connection with an alleged Rs 90 crore bank loan fraud money laundering case, officials said. Searches are being conducted at Virudhunagar, Madurai and Coimbatore in connection with its probe involving Ms Inshumathi Refineries Pvt Ltd which is based in Virudhunagar Read More…

Companies Technology

Post Facebook data leaks Apple tighten norms for apps

Globally, in particular   after Facebook’s Cambridge Analytica data scandal, there has been popular demand that tech companies be transparent about how they use users’ data.  Data privacy has also grown among tech companies after the General Data Protection Regulation (GDPR) law was put into effect from May 25. The European law is touted as Read More…

Business Companies Legal

Stringent non filling of financials companies act under review

Currently, non-filing of financial statement and annual return of Companies  is a criminal offence with a provision of imprisonment as well as fine. Now In a major relief to the corporate sector, non-filing of financials by the companies with the government may soon be decriminalised and recategorised as a civil offence punishable with fine only.  Read More…