ABG’s auditor failed to red-flag fund diversion

The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange Board of India (Sebi) by paying a small settlement fee in 2019. The regulator had initiated an investigation […]

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Asian Markets Sharply Lower Amid War Hysteria

Asian stock markets are trading sharply lower on Tuesday, despite a lack of cues from Wall Street overnight due to a holiday, as rising geopolitical tensions between Russia and Ukraine triggered a sell-off in global equities. Investors watched the latest developments in Ukraine as last-ditch diplomatic efforts continued to prevent […]

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Listed Cos See Rise In Valuations

The biggest jump in earnings and decline in P/E multiples has occurred with top companies in metals and mining, corporate banking, and the oil and gas sectors. The headline valuation of the broader market has declined in the past one year owing to a sharp rise in the profitability of […]

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NSE Mess: ‘Chitra was wrong’

‘She violated NSE procedures and rules, corporate governance norms; Chitra acted maybe within her capacity as MD and CEO, but not in the right spirit.’ Former executive director of the Securities and Exchange Board of India J N Gupta, discusses the corporate governance issues, Sebi’s role in taking action against […]

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