The consent order guidelines of 2007 allowed for serious offences like insider trading to be settled by payment of penalty or debarment, with the violator not needing to admit or deny guilt

Should Sebi have barred insider trading from consent orders?

Business Standard

Using anecdotal evidence and studies in other countries, the book infers that corporate India should pay more attention to ethical values and practices not only to improve its bottom line but also to contribute to larger social good

A corporate governance primer

Corporate Fraud: The Human Factor would have been a good book on fraud had it offered detailed case studies, practical checklists

People and fraud

Indian firms need to introduce clear guidelines on succession planning if they aspire to be global in nature

Shriram Subramanian & Soumya Dash: Bench strength for the corner office

Shriram Subramanian

A very pliable board of directors of Maruti Suzuki India Ltd (MSIL) has done grave injustice to its minority shareholders. The board has agreed to contractual arrangements for expansion with a 100 per cent subsidiary of Suzuki Motor Corporation, the dominant shareholder. The dominant shareholder can dictate the terms for any contractual arrangement. Some of these which would give scope for conflict of interest are:(a)Transfer pricing of vehicles from the 100 per cent subsidiary to MSIL. The cost of production and adequate cash to recover the capital expenditure would be returned to the 100 per cent subsidiary;(b)Lease rental on land, as land continues to be on the books of MSIL;(c)All assistance in executing the project to be provided by MSIL;(d)Ownership and development of newer products and brands.The positives stated by the company, that MSIL benefits from the interest expense of not investing, is not tenable as MSIL is a net cash flow-positive company. Incremental cash generated wo

Shareholders must stop pact with Suzuki arm

It is rare to read a book on boardrooms and think that much of what it says can be implemented in Indian companies. Every Indian board member, aspiring director and senior executive should read this book.A collaborative effort by three eminent American consultants with different perspectives, the book takes the reader into boardrooms around the world, though from an American boardroom perspective. It provides a road map for good corporate governance and discusses best practices in boardrooms. The book aims to outline when boards should lead; when boards should partner with management; and when boards should stay out of the way of management rather than just monitor management.The reader is taken into boardrooms of many multinational companies -  Apple, HP, Ford, BHP Billiton, P&G, GSK, Delphi, Lenovo, Grupo RBS, Rohm and Haas, Motorola, HBOS, among others. The reader is taken through events that changed the history of many of these companies. Indian companies such as Infosys, Airte

On board with best practices

Key-man risk, nepotism, lack of leadership were terms that wouldn't be associated with Infosys in the past

Shriram Subramanian: Is Infosys losing its corporate governance sheen?

There is a need of uniform application of the concept of de facto control in India

Defining control of Indian firms: Are we there yet?

From this book we learn of the trials and tribulations of an MP who wants, in all sincerity, to junk caste and class and just "develop" his constituency

Book

Beyond alienating friends and partners, Mr Trump's tariffs will probably fail to advance his apparent goal of reducing the US trade deficit

The US presidential elections, now a week away, could trigger a reordering in global trade, especially if Donald Trump is re-elected and ratchets up tariffs on China. This is raising expectations in India that it could benefit from an increase in US

Having a left-arm quick of Arshdeep Singh's calibre gives the bowling attack the much-needed heft and variety. It's like having another bow in Team India's quiver, or an ace up their sleeve

Mitchell Starc

According to sources, Prime Minister Narendra Modi will chair the conference on Saturday and Sunday, and is expected to address states' top officials

Modi, Narendra Modi

With Paddy Upton's client, Gukesh, proving spectacularly successful, chess prodigies from around the world will be in the market for mental coaches

The chessboard whisperers: Mental coaches in demand after Gukesh's success

Latest news updates: Catch all the latest news updates from around the world here

RIL, Reliance, Reliance Industries

Markets Highlights: Friday ended in favour of the bulls, as 41 out of 50 constituent stocks ended in the green, led by Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, and UltraTech Cement

Dalal Street, Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

Reliance

Stock market crash: The Indian stock market crashed heavily on Friday, with the BSE's Sensex dropping 1,207 points or 1.48 per cent to its intraday low of 80,082

bear market, stocks, sensex, nifty, loss, growth, crash, index

Allu Arjun was arrested over a stampede at the Pushpa 2 premiere in Hyderabad, which led to a woman's death and her son's hospitalisation

Allu Arjun

Stock market today: What are the key support, resistance levels for the Nifty Pharma, and Energy indices? What should be the trading strategy? Here is your trading guide for stock market today

Equity markets around the world continue to be on a tear. The MSCI Global Equity Index is close to its lifetime highs, up a staggering 30 per cent over the last year. But it is not just equities; all asset classes have thrived in recent months.

Sanjay Bhandari, a consultant in the defence sector wanted in India on alleged tax evasion and money laundering charges, began an appeal in the High Court in London on Tuesday against his extradition order.
The 62-year-old businessman had won permission to appeal against a November 2022 Westminster Magistrates' Court ruling clearing his extradition earlier this year.
His lawyers began making their arguments in the case, which is listed for a three-day hearing this week with the judgment expected in the new year.
Lord Justice Timothy Holroyde and Justice Karen Steyn began hearing representations from barristers James Stansfeld and Edward Fitzgerald at the Royal Courts of Justice on three main grounds of appeal  whether the bar for criminality had been met in the English jurisdiction, whether a prima facie case had been made and whether the accused faces a risk of violence in an Indian prison.
The Crown Prosecution Service (CPS), appearing on behalf of the Indian authorities, will ..

tax, taxes, taxation, tax evasion, I-T raids, Income tax

Pollution levels in Yamuna river in Delhi remain high with fecal coliform concentrations peaking at 79 lakh units per 100 ml (MPN) at Asgarpur where the river exits Delhi, according to the latest water quality report for November.
The figure matches the peak recorded in October, which was the highest concentration since December 2020, data from Delhi Pollution Control Committee (DPCC) showed.
Fecal coliform, a marker of sewage contamination, has a permissible limit of 2,500 units per 100 ml, as per the Central Pollution Control Board (CPCB).
The last recorded instance of higher levels was in December 2020, when concentrations reached 120 crore units per 100 ml.
The DPCC's monthly water quality report, released in compliance with a National Green Tribunal order, highlighted that while fecal coliform levels at Palla -- where the river enters Delh -- were 1,100 units per 100 ml, the concentration rose significantly downstream as sewage-laden drains entered the river.
Dissolved oxygen

Pollution, New Delhi Pollution, Water Pollution, Yamuna, Delhi Yamuna

On the second day of the 'Rising Rajasthan' Global Investment Summit 2024, a thematic session titled 'Agri-Business InnovationsThe session was attended by key dignitaries, including Shivraj Singh Chauhan, Minister of Agriculture and Farmers Welfare, Government of India, Bhajanlal Sharma, Chief Minister of Rajasthan, Kirodi Lal Meena, Minister for Agriculture, Government of Rajasthan, Joraram Kumawat, Minister, Animal Husbandry, Gopalan, Dairy  &  Devasthan, Government of Rajasthan, Gautam Kumar Dak, Minister of State of Cooperative  &  Civil Aviation, Government of Rajasthan.In his address, Chief Minister of Rajasthan, Bhajan Lal Sharma, said, "Under the guidance of Prime Minister Narendra Modi, the Rajasthan government has focused on addressing key challenges in water, irrigation, and power, which are vital not only for agriculture but also for industries and tourism.""In the near future, we will implement a comprehensive water management system to ensure reliable irrigation .

Bhajan Lal Sharma, Bhajan Lal, Bhajan

Every year on Dec 11, people observe International Mountain Day to increase awareness of the value of mountains in preserving the ecological balance of the globe and promoting human well-being

International Mountain Day 2024

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

The Massachusetts Institute of Technology alleges that the essay, titled 'On Pacifism', could be interpreted as encouraging violent protests on campus

MIT University

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Gold

Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels

Shriram Subramanian

Shriram Subramanian

Shriram Subramanian

Should Sebi have barred insider trading from consent orders?

A corporate governance primer

People and fraud

Shriram Subramanian & Soumya Dash: Bench strength for the corner office

Shareholders must stop pact with Suzuki arm

On board with best practices

Shriram Subramanian: Is Infosys losing its corporate governance sheen?

Defining control of Indian firms: Are we there yet?

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A Maverick in Politics: Profound, truthful, and no-holds-barred like Aiyar

How US President-elect Donald Trump's tariffs could backfire in the future

Left-arm speedsters: The ethereal charm of pace bowling at its peak

PM Narendra Modi to address chief secys at NITI Aayog meet on Saturday

The chessboard whisperers: Mental coaches in demand after Gukesh's success

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Highlights: Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

Market Close Highlights: Fab Friday! Sensex ends 843pts up, soars 2050pts from low; Nifty at 24,768

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

Sensex plunges 1200pts, Nifty below 24200; Why stock markets crashed today?

Allu Arjun arrested over woman's death in stampede at Pushpa 2 premiere