The Waterloo Bridge area of London, home to Burford Capital UK, whose shares rose 13% on news of its governance changes. Photograph: Alamy Burford Capital is replacing its chairman and finance chief in an effort to appease shareholders after a US hedge fund made allegations of poor governance and murky accounting practices.Read More →

The Prime Minister’s Office (PMO) and the finance ministry are in talks over the foreign portfolio investments (FPI) surcharge issue, a government official told CNBC-TV18. After the Union Budget announcement in July, there was a meeting held by the finance ministry’s Department of Economic Affairs (DEA) where issues and representationsRead More →

The Competition Commission of India has approved Sundaram Finance (SFL)’s purchase of remaining equity stake in Sundaram BNP Paribas Home Finance (SBPHFL), a joint venture between SFL and BNP Paribas Personal Finance. Last month, SFL and BNP Paribas Personal Finance reached an agreement, under which BNP Paribas Personal Finance willRead More →

The Nifty index fell by 177 points or 1.53 per cent on Friday to close at 11,419. The Sensex was down 560 points, closing at 38,337. The fall in both these indices is in addition to the over 2.5 per cent fall they witnessed in two trading sessions immediately followingRead More →

Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman July 10 said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent aboveRead More →

More trouble for Reliance ADAG (Anil Dhirubhai Ambani Group) as PwC (PricewaterhouseCoopers) resigned as one of the statutory auditors of two of its companies- Reliance Capital and Reliance Home Finance. According to a Reliance Capital stock filing, PwC said that it did not receive a satisfactory response to certain observationsRead More →