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Sebi okays up to Rs 1 cr reward for corporate whistle blowers – Economic Times

Whistle blowers in a company fraud will be rewarded 10% of the recovery, or a maximum of Rs 1 cr.ETMarkets.com|Aug 21, 2019, 05.30 PM ISTShutterstock.comNEW DLEHI: Sebi on Wednesday provided more teeth to rating agencies by allowing them to obtain details of borrowings and defaults by companies. The markets regulator also announced rewards for whistle…

Gold Prices At An All-Time High On Increased Demand: 10 Points – NDTV News

Sovereign gold advanced by Rs 200 at 28,800 per eight grams. Rising for second day in a row, gold prices registered a new record high on Wednesday. Gold prices rose by Rs 50 to hit an all-time high of Rs 38,820 per 10 gram in Delhi, news agency Press Trust of India (PTI) reported. The…

Sebi eases rules for FPIs, amends norms for rating agencies – Moneylife

Market regulator Sebi on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for multiple investment manager structure would be simplified. FPIs will now be re-categorised into two classes -- Category I and II, instead of the present three categories. Besides,…

Gautam Thapar’s CG Power eyed ‘Siemens of India’ tag, but finds itself in a hole – Moneycontrol

The internal probe at CG Power and Industrial Solutions, which led to the unearthing of accounting fraud and governance lapses, is a pointer to the sorry state of affairs.The board in a regulatory filing on August 20 said it found that the total liabilities of the company and Avantha Group may have been potentially understated…

Small Steps To A Big Gain – Business Today

The government and other lenders, including fintech firms, need to be more aggressive in MSME lendingAuto parts maker Emdet Group, founded in 1959 by late Dev Mitter, had a 28-year-long relationship with Oriental Bank of Commerce. But his grandson, and Executive Director of the company, Nishchay Mitter, switched to a private bank. "Despite a consistent…

Gold Prices Hold Above $1500 Ahead of Fed Minutes, Powell – Investing.com

© Reuters. Investing.com - Gold prices traded lower on Wednesday as safe-haven demand faltered as risk appetite returned to markets ahead of the minutes from the last Federal Reserve meeting. fell $7.21, or 0.5%, to $1,500.20 a troy ounce by 7:41 AM ET (11:41 GMT), while for December delivery on the Comex division of the…

Parle Products may lay off up to 10,000 employees as sales decline – The News Minute

Parle Biscuits With biscuits coming under the 18% GST tax slab, Parle, along with other biscuit makers had to increase prices, which led to a major decline in sales. Image: Deepak Trivedi via Flickr (CC BY-ND 2.0) India’s largest and most popular biscuit maker Parle Products has said that it may have to lay off…

Gold hits new high of Rs 38,820; silver jumps Rs 1,140 – Moneycontrol

Last Updated : Aug 21, 2019 04:46 PM IST | Source: PTI Gold prices traded weak with international spot gold prices but continue to hover around $1,500 an ounce. Representative image Gold prices on August 21 appreciated Rs 50 to hit a new high of Rs 38,820 per 10 gram at the bullion market on…

India’s first startup IPO to open on Friday; here’s what you must know – Economic Times

NEW DELHI: Alphalogic Techsys, India’s first startup IPO, will hit the primary market on Friday. The Pune-based software consulting firm has fixed the issue price at Rs 84 per share and the minimum units one needs to buy is 1,600 shares, requiring a minimum investment of Rs 1,33,400. Overall, 7.36 lakh shares are on the…

Renewables unlikely to surpass coal as major source for power generation, says CIL chief – Moneycontrol

Last Updated : Aug 21, 2019 03:38 PM IST | Source: PTI State-owned Coal India accounts for nearly 83 percent of the country's coal production. Representative image Coal India Chairman Anil Kumar Jha on August 21 said renewables are unlikely to surpass coal as the major source for power generation in the near future and…

It’s confirmed: For private sector salaries, this was the worst year in a decade – Economic Times

If your salary hike this year was nowhere close to what you were hoping for, don't let it leave you feeling left out: You are hardly the only one to be left high and dry. Data from CMIE has just confirmed that appraisals were low everywhere in this season of discontent as Indian employers across…

Alibaba Delays Up To $15 Billion Hong Kong Listing Amid Protests: Report – NDTV News

Preparations for Alibaba's listing have been underway for some time.Hong Kong/New York: China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.Alibaba's Hong Kong-listing plans are being closely watched…

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