The Securities Exchange Board of India (SEBI) stated recently that system audits of mutual funds in India must be conducted by CISA/CISM-certified (or equivalent) auditors. ISACA, a global association of 86,000 IT and business professionals and a provider of IT knowledge and certifications, believes that this is a crucial step undertaken by SEBI, considering the importance of systems audit in the technology-driven asset management activity.
After trading in the range of 15,100-16,000 during the period between the middle of July and September 7, 2009, the BSE Sensex has finally crossed and closed above the upper band. Not only has the Sensex doubled from its multi-year lows (on March 9), even price to earnings (P/E) has jumped almost 100 per cent from 10.9 times in March to 19.44 times now. The Sensex has outperformed the world markets with only Hang Seng coming close to it with 74 per cent return. The markets in Europe, US and Japan are almost half way through the Sensex rise.
MUMBAI (Reuters) - State-run Coal India has filed its draft offer document on Monday to sell 631.6 million shares or 10 percent of the company in an initial public offering, in what is set to be the country's largest-ever new share sale, the Mint newspaper reported on Tuesday.
MUMBAI (Reuters) - Tata Motors , India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover (JLR) unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.
The Supreme Court on Friday asked various stakeholders, including Set Discovery and Zee Turner, to file objections on broadcast regulator Trai s proposal to cap cable TV charges at Rs 250 per month across the country in non-CAS areas. The Telecom Regulatory Authority of India (Trai) had last week sought the apex court s permission to fix a ceiling of Rs 250 per month on the retail tariff charged by local cable operators from consumers in non Conditional Access System areas. Currently, the broadcasters are charging the price from the Multi System Operators (MSOs) based on the whole-sale tariff system. A bench ...
Great Offshore and Bharati Shipyard will remain two entities and there are no plans to merge them, Great Offshore executive director PC Kapoor said at the fifth annual general meeting of the company in Mumbai on Tuesday. Bharati Shipyard currently holds 47.9% stake in Great Offshore. At present, the two companies are functioning as two separate entities and there is no proposal to merge them, Kapoor said. Bharati Shipyard is happy with the current shareholding and is not looking to hike its stake in Great Offshore via creeping acquisition or through an open offer, he added. Currently, we have three ...
MUMBAI (Reuters) - The rupee is seen opening largely steady on Friday in line with an expected flat performance in domestic shares but stronger regional currencies could support the local unit, dealers said.
