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Popular Articles

Ghosts of Beijing lurk in Brussels
For six years I had lived in Beijing, the constantly churning capital of a dynamic country on the ascent. But I was now to move again, this time to Brussels, the bureaucratic centre of old world Europe. There were many counts on which this was a change I wasn’t looking forward to. But the one positive I did anticipate was an escape from the paroxysm of construction that was emblematic of Beijing’s remorseless embrace of modernity.

Food inflation to ease next month: Montek
The Planning Commission today said food inflation will come down next month from a more than a decade"s high of around 20 per cent, as apprehensions about adverse effect of drought were easing.

News of the day

Rupee gains 15 paise at 46.09/$ in early trade
The rupee today appreciated by 15 paise to 46.09 a dollar in early trade on sustained capital inflows into stock markets.
International Business

Pai to head Sebi's internal audit committee

In a move to promote transparency and improve corporate governance standards, the capital market regulator, the Securities and Exchange Board of India (Sebi), has proposed the formation an audit committee to oversee its financial reporting process and disclosure of financial information. - Emaar MGF to use over half of Rs 3,850-cr IPO to repay debt - Sebi says raising MFs" net worth "in talks stage" - R-Cap plans investment banking foray by March - Reliance Cap to venture into investment banking - Fund houses fail to cash in on market boom - Reliance Life plans to file for IPO in Jan-March qtr The committee will be headed by industry representative on the Sebi’s board, T V Mohandas Pai, who is a director on the board of Infosys Technologies Ltd. Other members are K P Krishnan and M S Sahoo. The tenure of the committee will be two years. Sebi Chairman C B Bhave had earlier prescribed ethics for board members to improve transparency. The setting up of the committee is another move in this regard. The role of the committee will include changes in accounting policies and practices of Sebi and pointing out to the board major accounting entries involving estimates based on judgment by management and significant adjustments made in the financial statements arising out of audit findings.


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