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Behind Reliance Industries' sale of a step-down unit, an OFCD route
A ₹274-crore sale of a third-layer subsidiary by Reliance Industries to a former associate, Jaipur Enclave, in April had set off governance questions on related party transactions. It has now emerged that Reliance lent Jaipur Enclave ₹273.75 crore in convertible debt through another subsidiary.
Rajesh Exports says 400 GB data shared with Sebi amid accounting row
Shares hit lower circuit after Sebi's interim order, while LIC's continued holding in the company comes under scrutiny amid governance concerns
Govt Gears Up For AI Rollout Across Ministries; TCS Among Six Firms Selected For Deployment
Officials believe the move will help accelerate AI adoption across governance.
InfoBeans Technologies receives ISO 42001:2023 Certification
The certification, issued by Staunchly Management and System Services, recognizes InfoBeans for conforming to globally established standards in AI governance, risk management, responsible development, and lifecycle oversight across its internally developed and third-party AI solutions.
Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?
Market regulator SEBI has taken action against Rajesh Exports and its Chairman Rajesh Mehta. The company faces allegations of significant financial misstatements and fund diversion. SEBI's order points to a pattern of non-genuine transactions and questionable accounting. This action raises serious concerns about the company's financial reporting and corporate governance practices.
Law firms shift lens as clients look to skip litigation, beef up compliance
Law firms are ramping up their advisory practices as litigation work dries up. Sebi probes are now more rigorous and clients prefer settlements over tedious litigation. Demand is rising for preventive compliance checks and governance reviews, prompting firms to deploy more lawyers for advisory.
Carlsberg bolsters India leadership ahead of planned IPO, appoints four new board members
Carlsberg India IPO: Carlsberg India is preparing for a stock market debut. The company has added four directors to its board and converted to a public limited entity. This move strengthens its governance structure as it moves towards a potential Initial Public Offering. The brewer aims for a valuation of approximately ₹30,000-35,000 crore. This strategic step signals its readiness for public investment.
IndusInd Bank shares fall 3% after fresh whistleblower complaint reaches PMO, RBI
IndusInd Bank shares fell on Wednesday after a fresh whistleblower complaint was sent to the Prime Minister’s Office, RBI, and other regulatory agencies, seeking an investigation into alleged insider trading, governance lapses, and deficiencies in audit and forensic reviews.
IndusInd Bank falls 3% on insider trading, governance lapses allegations
The complaint adds to mounting scrutiny of IndusInd Bank after its March 2025 disclosure of a ₹2,000 crore derivatives accounting discrepancy.
Meesho partners with BSE to drive IPO readiness for MSMEs, digital sellers
E-commerce platform Meesho has partnered with the BSE to launch a new initiative aimed at helping micro, small and medium enterprises (MSMEs) and digital businesses transition into publicly-listed companies. The initiative, named 'Project Shikhar', was formalised through a Memorandum of Understanding (MoU) and aims to facilitate the listing of high-performing independent e-commerce sellers on the BSE SME platform, addressing their need for growth capital. BSE Managing Director and CEO Sundararaman Ramamurthy said the exchange pioneered the SME platform to give dynamic, job-creating businesses a direct route to capital markets. "Over the years, the BSE SME platform has enabled hundreds of MSMEs to list, raise growth capital and strengthen governance standards. This partnership with Meesho extends that ecosystem to digital-first entrepreneurs, helping e-commerce sellers become public companies," Ramamurthy said. A substantial segment of India's retail commerce operates in the informa
HDFC Bank shares drop 25% in 2026. Buying opportunity or falling knife?
HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an internal probe into marketing spend. Analysts are divided, with some suggesting patience due to ongoing trust issues, while others see an opportunity for long-term investors to buy the dip.
BFSI firms set to see AI-led decision-making and real-time fraud detection
However, before large-scale adoption, companies need to address challenges around AI governance, infrastructure, and security