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Cabinet clears GST Bill, may be presented in Parl soon

17 Dec 2014

The Union Cabinet late on Wednesday cleared the Constitutional Amendment Bill for Goods and Service Tax (GST), paving the way for the Bill to be presented in the Parliament in the winter session itself that concludes on December 23. The Centre and the states reached a consensus on all contentious issues earlier this week.

M&A Buzz in Auditing as New Cos’ Act Makes Smaller Firms Takeover Targets

16 Dec 2014

There’s renewed M&A activity in the Indian auditing space, thanks to the new Companies Act, which, after it comes into force in three years, will make it mandatory for Indian companies to change their auditors every 10 years.

How should firms deal with a ban|Manage the crisis efficiently: Vishesh Chandiok

15 Dec 2014

Experts talk about the steps a leader should take when faced with a possible ban on their firm’s services or products.

Reliance Capital to sell multiplex biz to Carnival for ₹700 crore

15 Dec 2014

Reliance Capital has agreed to sell the multiplex business of Reliance MediaWorks (RMW) to Carnival Cinemas for ₹700 crore, signalling further consolidation in the Indian cinema exhibition space.

Reliance Games looks to sell 26% stake to international gaming firms

14 Dec 2014

Reliance Games, the mobile gaming division of the Anil Dhirubhai Ambani-owned Reliance Entertainment Group, is looking to sell at least a 26% stake to international gaming companies to raise capital and expand its offerings, according to two people directly familiar with the development.

Companies tweaking staff contracts to manage whistle-blowers

11 Dec 2014

In this April, the Securities and Exchange Board of India asked listed companies to form a mechanism through which employees and directors can complaint about frauds, corruption, company’s code of conducts or ethical codes. But the new clauses being introduced by some companies may allow them to manage any whistle blowing.

‘Corporate governance better, women representation still abysmal’

09 Dec 2014

The representation of women on boards of top Indian companies continues to remain low even as corporate governance practices across top 150 companies have seen an improvement, says a recent report by Grant Thornton.

Power play: Private players plug into the M&A route to scale up

08 Dec 2014

The Adani Group, after acquiring the Lanco Infratech’s 1200 MW Udipi power plant for about ` 6000 crore in August, went on to acquire Avantha Power’s 600 MW Korba West project in Chhattisgarh for `4200 crore in November. This makes Adani the top private sector player with a total installed capacity of 11040 MW.

Domestic i-banks increase focus on e-commerce

08 Dec 2014

Local investment banks (i-banks) are setting up dedicated teams to pitch for assignments from the country’s e-commerce companies in a bid to capture a slice of the frenzied deal activity in the booming industry where companies such as Flipkart and Snapdeal are raising billions of dollars in new funds.

Governance practices improving in India Inc: Grant Thornton

08 Dec 2014

Corporate governance practices across the top 150 companies in the country have improved, but the female representation on board of companies is still skewed, says a report by Grant Thornton.