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QUANTIFICATION OF LIABILITIES
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...
SC verdict on GST leaves real-money gaming firms staring at a Rs 92,000-crore questionWednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing...
Delhi HC stays GST appellate tribunal order for Tata Play to deposit Rs 450 croreThe Delhi High Court has stayed an order directing Tata Play to deposit ₹450 crore for alleged profiteering under GST, pending further hear...
Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, othersDescribing itself as the country's only full-stack cyber resilience platform, Mitigata integrates cybersecurity, compliance, and insurance ...
Delhi HC refuses to stop Vedanta’s deductions in oil field arbitration disputeThe Delhi High Court dismissed the government's appeal against Vedanta Ltd regarding deductions from Rajasthan oil and gas fields. Vedanta ...
Govt moves High Court challenging Arbitral Award to VedantaThe dispute between the Directorate of Hydrocarbons and Vedanta - Cairn arose due to incorrect cost recovery and non-allocation of common c...
Tightrope for promoters: Sebi's new rules on disclosing internal agreementsThe Securities and Exchange Board of India (SEBI) has expanded disclosure requirements for listed entities to encompass agreements not bind...
Government challenges PMT fields verdict in UK high courtRIL and Shell owned 30% participating interest each in the PMT fields while ONGC owned the balance 40% until 2019 when the production contr...
Sebi panel suggests measures to strengthen enforcement, recovery mechanismThe regulator has invited public comments till July 7 on the suggestions made by the committee.
ONGC Q3 show gets a revenue push: TakeawaysOffshore revenue increased to Rs 18,955.86 crore in Q3 FY19 over Rs 15,920.99 crore in Q3 FY18.
Govt moves Delhi HC to recover $3.8 bn from RIL, Shell, ONGCThe liability is to be split between the three companies in proportion to their stake in the fields; ONGC has 40 per cent interest while RI...
ONGC reports 36% jump in Q4 profit at Rs 5,915 croreONGC's total expense for the quarter declined 6% to Rs 19,463 crore.
RIL, Shell, ONGC told to pay $3.8 billion as government’s share of PMTThe govt said profit should be calculated after adding the marketing margins of the cos and that only the actual taxes paid could be counte...
ONGC confirms government slapping it, RIL with $3.9bn demandThe demand notice pertains to interpretation of the contract for the Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea.
Government’s $3 billion demand premature: Reliance Industries Ltd, Shell IndiaRIL said the matter had not reached the “quantification stage” in the arbitration tribunal, which had given its "Final Partial Award" last ...
Government's demand for additional tax premature, Reliance Industries saysReliance and Royal Dutch Shell own 30 per cent interest each in the fields, off India's west coast, while Oil and Natural Gas Corp holds th...
Railways shift to accrual accounting in AjmerThe step is likely to lead to more investor confidence in railways, which at present hardly gets any private investment.
Punj Lloyd faces Rs 61 crore service tax evasion chargesInfrastructure and engineering major Punj Lloyd has come under the scanner of the central excise department over alleged pending Service Ta...
- Now Hindujas join race for Satyam
The group has sent a formal communication to the investment bankers of Satyam expressing its interest. Crux of the scam in Satyam I Funnier...
- New SPV liability norms may put states in a spot
The balance sheets of state governments may lose a bit of sheen if they adopt new practices for treating liabilities as recommended by a wo...