-Live Mint Information commission asks Sebi to disclose details of consent order proceedings, identities of entities involved Mumbai/New Delhi: The Central Information Commission (CIC) has directed India’s stock market regulator to disclose all details related to the insider trading case involving Reliance Petroleum Ltd (RPL) in 2007, in a move that could have a bearing on not just the functioning of the Securities and Exchange Board of India (Sebi), but also the...
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Maruti Suzuki hit by protests in Manesar; production loss weighs
-The Economic Times Shares of Maruti Suzuki India slipped over 2 per cent in trade on Tuesday after reports indicated that the workers at the Manesar plant are planning a hunger strike and other peaceful protests to force the company management to reinstate the 548 employees who were sacked after July's violence. At 01:20 pm, Maruti Suzuki recovered marginally and was trading 1.8 per cent lower at Rs 1453.25. It has hit...
More »Reliance Industries shares hit by Kejriwal's allegations
-Reuters Shares in Reliance Industries Ltd recover after falling as much as 2.1 percent on Thursday, a day after anti-corruption activist Arvind Kejriwal accused the energy conglomerate of hoarding natural gas and exerting pressure on the government to favour it. The company denies the allegations. Kejriwal, whose group India Against Corruption (IAC) has won publicity in India by accusing ruling Congress party chief Sonia Gandhi's son in law Robert Vadra of taking part...
More »Noam Chomsky expresses solidarity with Koodankulam protesters -Manash Pratim Gohain
-The Times of India Internationally acclaimed academician Noam Chomsky of Massachusetts Institute of Technology of the United States has warned that Koodankulam could be another Bhopal disaster in waiting. In a solidarity letter to the struggling people he said: "Nuclear energy is a very dangerous initiative, particularly in countries like India, which has had more than its share of industrial disasters, Bhopal being the most famous." "I would like to express my...
More »RIL wants offshore gas fields audit to be kept secret, CAG says no -Subhomoy Bhattacharjee
-The Indian Express Sharp differences have emerged between the Comptroller and Auditor General (CAG) and Reliance Industries Ltd (RIL) over the scope of an audit into the production sharing contract between the company and the government for RIL’s off-shore gas fields. RIL had set two conditions: the audit should maintain the confidentiality arrangement between it and the government; and the scope of the audit should be restricted to accounting procedures of the...
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