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Tag: seeks

Nissan seeks £70m in damages from fugitive ex-boss Carlos Ghosn

Nissan seeks £70m in damages from fugitive ex-boss Carlos Ghosn

Business
Nissan has announced a series of planned court actions against its former chairman Carlos Ghosn after his flight from the law in Japan.Ghosn, who was facing criminal charges of financial misconduct in the country - related to his tenure at Nissan - made headlines globally in December when he skipped bail and escaped to Lebanon while protesting his innocence. The carmaker said on Tuesday that it had filed a civil case in Japan seeking $ 91m (£70m) in damages over his alleged criminal activity while at Nissan.The company said the sum it was suing for was likely to "increase in the future" because of fines it was expecting to pay regulators relating to Ghosn's behaviour.
Moving beyond the Big Four? MCA seeks comments to improve auditing quality

Moving beyond the Big Four? MCA seeks comments to improve auditing quality

Finance
India needs to build capacity for home-grown Indian firms that can compete with the big four professional services firms such as—Deloitte, PwC, EY and KPMG — Ministry of Corporate Affairs (MCA) that released a consultancy paper on Thursday said. MCA is seeking comments from all the auditors on the paper and looking for solutions on several aspects and problems in the auditing industry. According to the consultation paper there is an economic concentration of the big four firms that could impact the Indian economy. “To overcome this situation, there is a need to build capacity of homegrown Indian firms who may need to be at par with global organizations in terms of audit procedures, audit tools, manpower capacity to audit large organizations etc. For that panel of auditors need to be mainta
UK to ‘drive hard bargain’ as it seeks far-reaching US trade deal

UK to ‘drive hard bargain’ as it seeks far-reaching US trade deal

Business
The UK will "drive a hard bargain" as it seeks trade deals with the US and other countries that benefit consumers and businesses while maintaining standards, International Trade Secretary Liz Truss has said.Ms Truss set out the government's broad negotiating aims for talks with the US, Japan, Australia and New Zealand in coming months over post-Brexit deals. It has launched a consultation on plans which will see tariff rates simplified or cut, and a review on "anti-dumping" duties designed to prevent countries such as China flooding the market. Image: International trade secretary Liz Truss said Britain will move away from the 'complex tariff schedule' imposed by the EU Ms Truss said the UK wanted a deal with the US to "secure compreh...
Fly me to the moon: Tycoon seeks ‘life partner’ for lunar trip

Fly me to the moon: Tycoon seeks ‘life partner’ for lunar trip

Technology
A Japanese fashion billionaire is looking for a "special someone" to join him as he becomes the first private passenger to fly to the moon.Yusaku Maezawa, 44, is due to travel to the moon in 2023 on SpaceX's first tourist flight. But rather than go on his own, he wants to "visit such a special place" with someone special, he says in an online post. He will look for that "always positive" person aged "20 or over" in a television documentary called Full Moon Lovers.His ideal candidate wants to "enjoy life to the fullest" and is someone "who wishes for world peace". Advertisement They must be "interested in going into space and able to participate in the preparation for it". Mr Maezawa, who recently split fr...

Splitting CMD roles: SBI cites Act, seeks clarity from Sebi

Finance
[unable to retrieve full-text content]Sebi has asked all listed companies to appoint separate individuals to the posts of chairman and managing director by April 1, 2020. Also, the chairman, who will have a non-executive role, should not in any way be related to the managing director or the CEO. This rule, however, does not apply to companies with no identifiable promoter. Banking/Finance-Industry-Economic Times