MUMBAI: Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 corore alleged scam, today said vested interests are trying to scuttle its proposed settlement plan to resolve this issue. It also defended promoter FTIL's former chairman Jignesh Shah saying he was not involved in any matter related NSEL. "Jignesh Shah is not involved in any matter related to NSEL and all the recovery efforts of the exchange are managed by the revamped board of directors of the exchange.
[AP] - The European Central Bank's chief economist said a Greek debt restructuring would be a "recipe for catastrophe" as he blamed "vested interests" in Britain and the United States for fueling market pressure on the country.
MUMBAI: YES Bank, India's fifth-biggest private sector lender by assets, has asked market regulator Sebi to probe the "intentions" of analysts of brokerage UBS, who, in a recent report, had painted a bleak picture of the bank's finances if its borrowers were to default. The bank alleged that UBS' analysts did not make "full and fair disclosure" of their "interests" before publishing the report. It also said that the UBS report is based on information from the Registrar of Companies (RoC) and that the research firm did not seek comments from the bank regarding the data.
The long-awaited report of John Chilcot, a senior UK civil servant, on the Iraqi War and the events that led to it has revealed that the UK energy business had a pretty solid vested interest in the conflict. Documents revealed as part of the huge, 12-volume report, show that British government officials involved in the events that led up to the war, the war itself and the following restoration period pursued as a main objective the corporate interests of energy giants BP and Shell. This was not, however, mentioned in the 150-page summary of the…
Tomaso Duso, Klaus Gugler, Florian Szücs, 26 January 2014In 2004, European merger law was substantially revised, with the aim of achieving a ‘more economic approach’ to merger policy. This column discusses a recent empirical assessment of European merger cases before and after the reform. Post-reform, the outcomes of merger cases became more predictable, and the Commission prohibited fewer pro-competitive mergers.