Corporate Transparency

Sebi looks to expand scope of unpublished price-sensitive information

To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price Sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements. In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI. Additionally, key developments in corporate insolvency proceedings, such as initiation or approval of resolution plans by the tribunal, should be disclosed as potentially price-sensitive. If a forensic audit is launched or concluded for issues like fund misappropriation or financial misstatements, it should be disclosed as price-sensitive. The proposed changes to Sebi's definition of UPSI are aimed at increasing regulatory clarity and ...

Usher in transparency, not price controls

A standard rate chart for hospitals across the country is impractical as it doesn't consider real estate costs that vary widely across locations

National Case Challenge on Religare vs Dabur

How corporate governance, compliance, finance and corporate strategy can come into play!

Colonial legacy: Corporate control is a 200-year-old problem in India

Many of today's Indian conglomerates also began life this way. In 1958, more than a decade after the departure of British rulers, the Tata Group had nine agencies managing 60 companies

Amazon won't have to pay $273 million in back taxes after winning EU case

Amazon won't have to pay about 250 million euros (USD 273 million) in back taxes after European Union judges ruled in favour of the US e-commerce giant Thursday, dealing a defeat to the 27-nation bloc in its efforts to tackle corporate tax avoidance. The ruling by the EU's top court is final, ending the long-running legal battle over tax arrangements between Amazon and Luxembourg's government and marking a further setback for a crackdown by antitrust chief Margrethe Vestager. The Court of Justice backed a 2021 decision by judges in a lower court who sided with Amazon, saying the European Commission, the EU's executive branch, had not proved its case that Amazon received illegal state support. The Court of Justice confirms that the Commission has not established that the tax ruling given to Amazon by Luxembourg was a State aid that was incompatible with the internal market of the EU, the court said in a press release. Amazon welcomed the ruling, saying it confirms that the company .

Salary details now part of most job postings in India, Delhi leads

Pay transparency has grown the fastest in high-wage occupations like finance, engineering and mathematics

DESH Bill: Commerce dept may scrap concessional corporate tax provision

In July, the commerce department sought inter-ministerial comments on the DESH Bill that aims at replacing the existing special economic zone (SEZ) law

LIC listing to result in increased transparency of its operations: Moody's

"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.

What is general corporate purpose, why it is under SEBI lens?

SEBI has proposed change in listing norms to bring in more transparency. One was to cap the amount companies, mainly start-ups, can raise under general corporate purpose or GCP. Find out what is GCP

India has shifted from tax terrorism to tax transparency, says PM Modi

'We are reforming rules and procedures and using technology,' PM said

Indian MNCs fare better than EM peers on corporate disclosures: Report

However, EM firms, on an overall basis, show low levels of transparency; Nearly 1/3rd of firms post a score less than 5 out of ten in transparency tests

India firms grab top spot for transparency in survey by Institutional Investor

In particular, banks in India are seeing their execs emerge as top ranked, reflecting a commitment to accountability, and increasing shareholder value