{"id":288257,"date":"2019-08-22T05:22:25","date_gmt":"2019-08-22T05:22:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288257"},"modified":"2019-08-22T05:22:25","modified_gmt":"2019-08-22T05:22:25","slug":"for-cg-power-the-trouble-started-long-before-it-reported-serious-lapses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/for-cg-power-the-trouble-started-long-before-it-reported-serious-lapses\/","title":{"rendered":"For CG Power, the trouble started long before it reported serious lapses"},"content":{"rendered":"<p>Shares of CG Power and Industrial Solutions Ltd have tumbled 36% in the last two trading sessions on news of serious accounting lapses at the company. The stock has been languishing at the lower circuit for the past two days because no one knows the extent of the trouble at the company.<\/p>\n<p>It\u2019s important to note that the market had got wind of troubles brewing at CG Power much earlier. The company\u2019s market capitalization has fallen from around \u20b96,000 crore in January 2018 to \u20b91,156 crore earlier this week, even before it reported the unauthorized transactions by certain employees on Tuesday.<\/p>\n<p>The fall in the stock\u2019s value in the past two trading sessions, however, pales in comparison. CG Power\u2019s market cap has declined by about \u20b9400 crore since it reported the unauthorized transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of CG Power and Industrial Solutions Ltd have tumbled 36% in the last two trading sessions on news of serious accounting lapses at the company. The stock has been languishing at the lower circuit for the past two days because no one knows the extent of the trouble at the company. It\u2019s important to note that the market had got wind of troubles brewing at CG Power much earlier. The company\u2019s market capitalization has fallen from around \u20b96,000 crore in January 2018 to \u20b91,156 crore earlier this week, even before it reported the unauthorized transactions by certain employees on [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-288257","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=288257"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288257\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}