Business
SEBI Suggests Enhanced Regulations for Listed Companies to Fortify Corporate Governance
With these proposals, SEBI seeks to enforce stringent compliance measures and promote transparency in corporate operations.
In its consultation paper, the regulator recommends making the ASCR more comprehensive to provide clearer confirmation on a company’s adherence to securities regulations. Moreover, it proposes that the ASCR be a mandatory inclusion in the annual report, thereby enhancing accountability.
Regarding auditor appointments, SEBI suggests integrating relevant provisions from the Companies (Audit and Auditors) Rules, 2014, into the Listing Obligations and Disclosure Requirements (LODR) Regulations. This approach aims to ensure that statutory auditors possess the appropriate qualifications and experience that align with a company’s size and complexity. Additionally, it recommends that audit committees thoroughly assess the qualifications of key signing partners before their appointment.
To bolster transparency in auditor selections and reappointments, the SEBI has advised that crucial details regarding these processes be disclosed to the audit committee, board of directors, and shareholders, along with a standardized format for such disclosures.
Furthermore, SEBI has proposed monetary limits for RPTs carried out by subsidiaries of listed companies, suggesting dual approval thresholds. For subsidiaries with a financial history, the threshold will be whichever is lower: 10 percent of their turnover or a monetary cap—Rs 1,000 crore for main-board companies and Rs 50 crore for SMEs. For those without a financial track record, the approval threshold will either be 10 percent of the subsidiary’s net worth or the same monetary limits. In cases where a subsidiary has a negative net worth, share capital plus securities premium will be used instead.
To enhance compliance, SEBI is also advocating for a clearer definition of RPTs. The amendments will clarify if exemptions for transactions between parent companies and wholly-owned subsidiaries apply to both listed and unlisted entities. The regulator is seeking public feedback on these proposals until February 28.
Business
RBI Ends Special Dollar-Rupee Swap Window Early Amid Strong Demand
Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.
The facility will now close on August 31, the RBI said on Friday.
The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.
Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.
Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.
The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.
Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.
The strong response to the scheme led the RBI to bring the facility to an early close.
Business
Leksa Lighting Technologies Named among India’s Top 100 MSMEs
Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.
The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.
Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.
The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.
Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.
What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.
Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.
He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.
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The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.
Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.
Business
Vehicle Prices to Increase from August 1
New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.
The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.
As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.
The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.
Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.
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The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.
Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.
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