CEOs get finmin shield over frauds by bank officials

With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance......

Sebi to reopen UTI cases

The Securities and Exchange Board of India has decided to reopen 89 investment decisions by the erstwhile Unit Trust of India and appoint nearly 70 auditors to scrutinise the cases. The......

19 UTI investments under probe

The finance ministry has decided to refer 19 audit cases pertaining to investments by the erstwhile Unit Trust of India in companies including Reliance Industries Ltd and Essar Oil to the advisory......

Govt plans committee to check frauds in India

With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government has proposed a high-level committee of members from Reserve Bank, Sebi, Corporate......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......