Free Press Journal
  • Bank denies appointment of PwC for audit

    Mumbai : Punjab National Bank on Friday denied reports that it appointed global firm PwC for forensic audit of accounts of Nirav Modi, accused in Rs 11,400 crore scam, in view of Sebi’s order against the audit firm.

  • SEBI slaps Rs 2 lakh fine on India Infoline

    New Delhi: Markets regulator Sebi today imposed a penalty of Rs 2 lakh on India Infoline for violating stock broker norms in the matter of United Spirits.

  • Sebi to auction 11 assets of Pancard, reserve price Rs 260 cr

    New Delhi, Feb 22 (PTI) Looking to recover over Rs 7,000 crore of investors’ money, markets regulator Sebi will next month auction 11 properties of Pancard Clubs and its late CMD at a total reserve price of Rs 260 crore. This is in addition to 22 properties that were auctioned between December and February with the combined reserve price of Rs 552 crore. In a notice issued today, the Securities and Exchange

  • SEBI sets up framework to calculate IRF daily settlement value

    New Delhi: Markets regulator Sebi today decided to provide flexibility to the stock exchanges with regards to the computation methodology of daily contract settlement value of Interest Rate Futures (IRFs). The decision has been taken after considering views of all the stakeholders. An IRF is a contract between a buyer and a seller agreeing to the future delivery of any interest-bearing asset such as government bonds. The cash-settled IRFs provide market participants

  • Private, merchant banks can invest on behalf of FPIs

    New Delhi : Private banks and merchant banks can now invest on behalf of their foreign clients, provided these banks do not have any secrecy laws with the investors, the Securities and Exchange Board of India (Sebi) said in a notification late on Thursday.

  • Rules on cryptocurrencies should be out soon: SEBI chief Ajay Tyagi

    New Delhi: Amid continuing volatility in bitcoin prices and growing concerns about investors’ safety, SEBI Chairman Ajay Tyagi today said the regulations on cryptocurrencies should be out soon and the role various regulators will play is being finalised.

  • PW moves the SAT against SEBI order

    New Delhi : Price Waterhouse (PW), on Wednesday, moved the Securities Appellate Tribunal (SAT) challenging the Securities and Exchange Board of India’s (SEBI) order against the audit major and its network entities in the multi-crore Satyam scam.

  • PW ban: Listed firms to scout for auditors

    New Delhi : Scores of listed companies will soon have to scout for new auditors with markets regulator Securities and Exchange Board of India (SEBI) banning firms in the Price Waterhouse network from issuing audit certificates for two years in the multi-crore Satyam case. A major player in the auditing space, Price Waterhouse has a total of 11 network firms and employs around 3,000 people in India, reports the PTI. In a

  • Satyam scam: Sebi bans Price Waterhouse entities from issuing audit certificates for 2 years

    New Delhi: Finding Price Waterhouse guilty in the multi-crore Satyam scam, Sebi on Wednesday barred its network entities from issuing audit certificates to any listed company in India for two years and ordered disgorgement of over Rs 13 crore wrongful gains from the audit major and its two erstwhile partners who worked on the IT major’s accounts.

  • CSR violations: 196 cos face penal action

    New Delhi: The Corporate Affairs Ministry has given permission for penal action against 196 companies for violating corporate social responsibility (CSR) norms in 2014-15 fiscal, according to Union Minister P P Chaudhary.

  • bandhan files drhp for Rs 2500 crore IPO

    Kolkata : Bandhan Bank on Monday said it has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The private sector lender is looking to raise over Rs 2,500 crore via the share sale. The IPO consists of a fresh issue of up to 97,663,910 equity shares and an offer for sale of up to 14,050,780 equity shares

  • WhatsApp leak case: It’s clear info leaked from companies, says SEBI

    Mumbai: In a stern warning to companies for leakage of key financial details, market regulator Sebi today said all those responsible, including auditors, would face action and the rules would be strengthened if required. Addressing a press conference after a board meeting, Sebi Chairman Ajay Tyagi said it is clear from the case involving the leakage of information on WhatsApp recently that the details got leaked from the companies themselves.

  • Axis Bank to conduct inquiry on alleged leakage of results

    Mumbai: Amid reports of private financial information being circulated through WhatsApp, Axis Bank has been directed by the Securities and Exchange Board of India (SEBI) to conduct an internal inquiry into the source of the alleged leakage.