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ICICI and its losses of unsecured loans

Akhilesh Bhargava

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While new and new cases of wrongdoings surface, the ICICI Bank has reported to the SEC USA, that it expects a further hit to its reputation. The most unfortunate part is that this entire fraudulent conduct spilt out of the Bank’s boardroom, indicating the involvement/complicity of its topmost officers. What’s more to come? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter. 

Business Tit-Bits

The insider of the Monetary Policy Committee meeting of the RBI

Akhilesh Bhargava

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The recent meeting of the Monetary Policy Committee of the Reserve Bank, took place with a much better macro economic environment. Crude oil prices have fallen sharply, the rupee has started gaining strength, capital inflows are increasing, there is a pick up in investment activity led by the government, there is an increase in capacity utilisation, a rise in exports, an improvement in credit off take, inflation remains subdued and with a retreat in commodity prices, corporate profits should look upwards. What happened in the meeting? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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Business Tit-Bits

An insider into the murky affairs of the Sun Pharma

Anusha Bhattacharya

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Among the large corporates in India, Sun Pharmaceuticals Ltd., India’s biggest pharma company, stood out as a relatively clean organisation, whose grounded/down to earth billionaire promoter Dilip Shanghvi was richer than even Mukesh Ambani, though for a brief period, in 2015. Sun Pharma and its promoters were often awarded and feted for their industry leadership and business acumen, and were also respected for their business integrity. But there’s more to it. Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares the complete story of the murky affairs of Sun Pharma

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Business Tit-Bits

Why is audit India’s weak link?

Akhilesh Bhargava

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In an interesting and candid recent speech on corporate governance in India, Uday Kotakspoke about what ails corporate governance in India. He said that there are six layers of corporate governance in our system, including the company management, its board of directors, rating agencies, auditors and regulators. He remarked that of late, these six layers have not been doing their job and that, their performance has not been satisfactory. He lamented that auditors are one of the weakest links plaguing this corporate governance architecture in India. Why is it that the audit is India’s weak link? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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