India Inc backs Trump's six-monthly reporting proposal, but fund managers push back

A majority of chief executive officers (CEOs) in India favour moving to a half-yearly reporting of earnings - from quarterly now - aligning with United States (US) President Donald Trump's recent suggestion, though mutual fund leaders are opposed to the idea, according to a Business Standard dipstick survey.

- BS REPORTERS

Eleven CEOs and as many MF heads took part in the survey.

On September 15, Trump endorsed a proposal by the LongTerm Stock Exchange to reduce reporting frequency, arguing it would cut costs and allow management to focus on business execution. On Monday, US Securities and Exchange Commission Chairman Paul Atkins said the proposal would give companies the option to report on a semiannual basis, though many firms might still choose to publish quarterly results. However, regulator sources in India suggest there is no such proposal being considered at present.