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DERIVATIVE CONTRACT DISPUTE
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
The fall of the TMC machine and the rise of political survivalismIn Bengal, 'paara' (neighbourhood) serves as the primary political unit for leadership engagement. Securing electoral victory requires paar...
Indian IT still alive & kicking; companies need us to access AI gains: TCS CEO K KrithivasanDespite predictions of its demise, Indian IT services, led by TCS, are proving resilient due to deep skill sets, not just cost arbitrage, C...
SGX Nifty derivatives would entirely trade from GIFT City from July 3In July, 2022 Prime Minister Narendra Modi launched the NSE IFSC-SGX Connect, a joint venture between the National Stock Exchange of India ...
MCX invites bids to set up commodity derivatives platformMCX plans to launch spot exchange in metals in less than a year, followed by other asset classes. At present, it offers options on commodit...
Power forward, derivatives trade soonIndia's power sector is poised to open up for forward and derivative contracts trading on exchanges as decade long jurisdictional issues be...
SGX defers the rollout of Indian derivatives productsNSE has a contract with SGX that allows futures and options on the Nifty to be traded there.
SGX puts off new India contract as Bombay HC orders arbitrationThe Singapore bourse said it would continue with the existing Nifty contract.
Bombay High Court to hear NSE-SGX dispute on May 31On May 21, the NSE filed a petition before the Bombay High Court against SGX seeking urgent interim relief.
This policy change is likely to bring in billions of FII dollars into Indian marketSebi recently increased the combined futures and options trading limit by removing some caps on contracts and on the market value of positi...
Treat companies dishonouring F&O deals as wilful defaulters: Supreme CourtThe particular judgement concerns Deutsche Bank, ICICI and Kotak, which had struck derivative deals with Finolex, Emcure Pharma and Hind Na...
- SBI, ICICI, Citibank, Axis among 19 banks penalised for selling complex derivatives to companies
Barclays, HDFC Bank, Kotak Mahindra, Yes Bank, BNP Paribas and Standard Chartered are also among the penalised. The penalty ranges from Rs ...
- Rajshree Sugars patches up with Axis
Coimbatore-based Rajshree Sugars & Chemicals (RSCL) has arrived at a mutually agreed settlement with Axis Bank against the derivative contr...
- Rajshree Sugars patches up with Axis
Coimbatore-based Rajshree Sugars & Chemicals (RSCL) has arrived at a mutually agreed settlement with Axis Bank against the derivative contr...
- Banks, companies abusing currency tools face action
The Reserve Bank of India(RBI) has said that banks and companies have violated Foreign Exchange Regulations Act (FEMA) while transacting in...
- Auditors may stick to rule book on MTM loss
In securities investments the rule is clear that this Rs 400 MTM loss has to be 'provided' for (or deducted from earnings), in foreign curr...
- HC asks Axis not to enforce Rajshree Sugars contract
The Madras High Court directed Axis Bank not to take any action to enforce the disputed foreign exchange contract with Rajshree Sugars & Ch...
- Refund claims may rise on derivatives losses
Unexpected losses suffered by corporates, which were exposed to forex derivatives and lower profits for banks, could result in a rise in re...
- Banks now use VRMs to spell out risks to corporates
Tension in the currency market over corporates taking banks to court for derivatives losses, banks are pinning their hopes on voice recordi...
- New derivatives valuation norms to sway banks' bottomlines
Bank balance sheets may turn more volatile on account of the new accounting rules that would change the way derivatives are valued.