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SEBI Set to Overhaul Disclosure Norms for Better Monitoring

India’s Capital markets regulator, SEBI, will soon put in place a system-driven disclosure regime for listed companies, according to sources. The move is expected to strengthen real-monitoring of insider-trading cases and detect other corporate governance-related lapses. A working group formed

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India seeks damages from Nestle after noodle scare

India’s government has filed for damages from food group Nestle after a food scare involving reports of excess lead in Maggi noodles forced a nationwide recall, government officials said on Sunday. “It’s a serious matter concerning public health and the

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EY hires 150 lawyers in India

The Indian arm of the global consultancy firm Ernst and Young has hired 150 lawyers to join a new vertical, e-Discovery which is part of its forensics arm. The group will provide back office support to law firms and will

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Board of directors composition of major companies below accepted norm

Although the framework of Indian corporate governance has been ranked as one of the best in the world, the composition of board of directors for major companies listed on the National Stock Exchange (NSE) is below accepted norms, an official

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India’s Bihar state arrests ‘1,000 police test cheats’

More than 1,000 men have reportedly been arrested in India’s Bihar state over the use of impersonators and false papers for police recruitment tests. The fraud was uncovered when identity papers and fingerprints provided for different tests did not match

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