News digest: NPA disclosure rules, anti-profiteering clause, and more

From RIL's plan to reduce debts to SEBI's revised proposal on NPA disclosure, BS brings you up to date with the latest news

Capital expenditure done, Reliance Industries now eyes debt reduction

In June 2011, at Reliance Industries’ (RIL’s) 37th annual general meeting (AGM), Chairman and Managing Director Mukesh Ambani had told shareholders that RIL would be a “debt-free” company.

Ten months later, RIL was virtually debt-free on a net-cash basis at the consolidated level, after considering its cash and bank balances as well as investments. Read more

NPA disclosure rules: Sebi keen on implementing a revised proposal

The Securities and Exchange Board of India (Sebi) has approached the Prime Minister’s Office (PMO) and the Ministry of Corporate Affairs (MCA) to look