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A technicality in SREI's insolvency case has auditors at KPMG baffled

A technicality in SREI's insolvency case has auditors at KPMG baffled
rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.

India , Mahindra , Srei-infra-finance-ltd , Corporate-india , Kolkata-based-srei , Companies-act , Srei-infra-finance , Srei-equipment-finance ,

No illicit transactions with Srei Group: Trinity Alternative Investments

Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds and that Srei group does not have a board representation since the entity is only an asset manager.

Kolkata , West-bengal , India , Singapore , Singaporean , Rajneesh-sharma , Uttam-prakash-agarwal , National-company-law-tribunal , Srei-group , Trinity-alternative-investment-managers , Srei-infra-finance , Alternative-investment-funds

Srei ratings cut to 'default', legal battle ahead

Srei ratings cut to 'default', legal battle ahead
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Kolkata , West-bengal , India , Delhi , Srei-infrastrcuture , National-company-law-appellate-tribunal , Srei-equipment-finance , Srei-infra-finance , Srei-equipment , Rating-agencies , Kolkata-bench , Srei-infrastructure-finance

Stocks to watch: M&M, Axis Bank, Indian Bank, IDBI Bank, PNB, sugar stocks

Here's a list of stocks that may remain in focus today.
Mahindra & Mahindra (M&M) on Tuesday said it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.
Axis Bank: In a clarification on press statement dated December 14 issued by Sydney, Australia-based Scams Breaking website, the bank said it has complied with its underwriting practices and approval processes for any exposure taken in relation to Srei Equipment Finance Limited and Srei Infra Finance Limited. "In summary, the report is grossly inaccurate and baseless," the lender added.

Australia , India , Sydney , New-south-wales , Singapore , Nirmala-sitharaman , Mahindra , Biocon-biologics , Union-cabinet , Axis-bank , Embassy-office-parks , Biocon

Axis Bank Says Report Alleging Rs 44,000 Crore Exposure To SREI Group 'grossly Inaccurate'

Axis Bank says report alleging Rs 44,000 crore exposure to SREI Group 'grossly inaccurate'
Axis Bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking.
December 16, 2020 / 12:53 PM IST
Axis Bank on December 15 said that it followed underwriting practices and approval processes while extending loans to Srei Equipment Finance Ltd and Srei Infra Finance Ltd. In a notice to the stock exchanges, the bank said that its outstanding exposure to Srei group is Rs 800 crore as opposed to Rs 44,000 crore alleged by web portal Scams Breaking.
"The bank has complied with its underwriting practices and approval processes for any exposure taken in relation to SREI Equipment Finance Limited and SREI Infra Finance Limited. Axis Trustee Services Ltd acts in its fiduciary capacity as a trustee and/or custodian and charges registered by it is not a reflection of the exposure of Axis Bank Ltd," it said.

India , Srei-infra-finance-ltd , Axis-bank , Axis-bank-ltd , Axis-bank-on , Axis-trustee-services-ltd , Infra-finance , Equipment-finance , Srei-equipment-finance-ltd , Srei-equipment-finance , Srei-group