Tag: firms

Big tech firms need to responsible & accountable when they have power: S Jaishankar

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SynopsisIn conversation with former British prime minister Tony Blair at the India Global Forum, Jaishankar also questioned whether non-state players could be allowed to have more power given their sheer size than many countries.Jaishankar further noted that challenges such as climate change, terrorism and pandemics were global problems but the response to them tended to…

2 firms get govt nod to produce desi swabs for cheaper Covid-19 test kits

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NEW DELHI: India has started manufacturing indigenous swabs for Covid-19 testing, with two firms —Tulips and a Mumbai-based Micro, Small and Medium Enterprise (MSME) — getting a green signal from the Indian Council for Medical Research (ICMR) and the National Institute for Virology in Pune. The swabs — used for collection of oral and throat…

Eight of top-10 firms lose Rs 2.50 lakh cr in m-cap

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Eight of the 10 most valued Indian companies lost Rs 2,50,825.28 crore in market valuation last week, with TCS and HDFC twins taking the biggest hit. In the top-10 list, only Reliance Industries Ltd and Bharti Airtel managed to close the trading week with gains.Tata Consultancy Services (TCS) took the sharpest knock, with its valuation…

Shell Firms, Investments Of Yes Bank Founder Under Scanner: Report

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Rana Kapoor has been charged under the Prevention of Money Laundering Act (File)New Delhi: Investments worth over Rs 2,000 crore, 44 expensive paintings and a dozen alleged shell firms are at the heart of Enforcement Directorate’s investigations against Yes Bank founder Rana Kapoor who was arrested by the agency today on money laundering charges, officials…

Audit firms need to be accountable, says Sebi chairman

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The Securities and Exchange Board of India (Sebi) on Wednesday tried to resolve the controversy over the market regulator overseeing audit firms.Sebi chairman Ajay Tyagi termed audit firms important gatekeepers, adding they need to be accountable if lapses were found in auditing listed companies.Industry body Institute of Chartered Accountants of India (ICAI) has claimed in…