India International Center for Corporate Governance

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Has India slipped down the ladder of corporate governance?

October 29th, 2016

 

IMF has reported that India’s Corporate Governance standard have deteriorated over the years. Even though tight regulations have been brought in and important steps to improve corporate governance have been implemented, perception about corporate governance standards in India remains low.

Read the full article at livemint.com – http://www.livemint.com/Politics/iIRIjW77lTvqx3s6bJOPrI/Has-India-slipped-down-the-ladder-of-corporate-governance.html#.WBFtJhk5tUc.email

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Government committed to creating vibrant ecosystem for arbitration

October 25th, 2016

“Businesses seek assurance of the prevalence of rule of law in the Indian market. They need to be assured that the rules of the game will not change overnight, in an arbitrary fashion. And that commercial disputes will be resolved efficiently,” Prime Minister Modi said. The Prime Minister was…

WIPRO disagrees with findings of CAG

September 1st, 2016

Software major WIPRO has disagreed with the findings of CAG that the Unique Identification Authority of India (UIDAI) had shown undue favour to it. WIPRO maintained that the company had maintained the highest standards of Corporate Governance and transparency and totally disagreed with the findings of CAG in its…

Antrix-Devas deal – arbitration tribunal rules against India

September 1st, 2016

The Permanent Court of Arbitration (PCA) tribunal at Hague has ruled against the Indian Government for annulling the contract between Antrix Corporation Ltd. and Devas Multimedia and denying Devas the commercial use of S-band spectrum. The tribunal ruled that Indian Government had acted ‘unfairly’ and ‘inequitably’ in annulling the…

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