Gross negligence: NFRA on audit of several cos
Business Standard|October 04, 2024
The National Financial Reporting Authority (NFRA) in a circular on Thursday said that it has found "gross negligence and audit failure" in audits of group financial statements in several cases and said that the principal auditors must mandatorily comply with not only Standards of Audit 600 but also the related standards and codes mentioned in the Companies Act, 2013.
RAGHAV AGGARWAL

NFRA gave the examples of audits of Reliance Capital Limited, Reliance Home Finance Limited, Reliance Commercial Finance Limited, Coffee Day Enterprises, Dewan Housing and Finance Limited and IL&FS.

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Industry bodies urge FinMin to ease TDS rate structure
Business Standard

Industry bodies urge FinMin to ease TDS rate structure

Proposal seeks to lessen compliance burden on taxpayers and avoid litigation

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1 min  |
November 08, 2024
After SC rap, Centre doubles penalty for stubble burning
Business Standard

After SC rap, Centre doubles penalty for stubble burning

Burning issue

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1 min  |
November 08, 2024
Business Standard

Proactively made all disclosures, recusals: Sebi WTM on Cong's charges

Ananth Narayan, whole-time member (WTM), the Securities and Exchange Board of India (Sebi), has responded to allegations of conflict of interest due to personal investments.

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1 min  |
November 08, 2024
Business Standard

Market regulator may water down skin-in-game rules for MF executives

The Securities and Exchange Board of India (Sebi) has shown intent to relax the skin-in-the-game norms applicable to senior executives of the mutual fund (MF) industry.

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1 min  |
November 08, 2024
Business Standard

MSCI adds 5 Indian stocks to key index

MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weighting on the index to 20 per cent, further narrowing the gap with China.

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1 min  |
November 08, 2024
Trump's triumph: Will bulls run amok and gold, silver sparkle?
Business Standard

Trump's triumph: Will bulls run amok and gold, silver sparkle?

Top brokerages highlight opportunities, risks, and contradictions the new administration may offer

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3 mins  |
November 08, 2024
REIMAGINING ROLE OF AGRICULTURE
Business Standard

REIMAGINING ROLE OF AGRICULTURE

In the changed context of economic development, agriculture is seen playing a much larger role than perceived in the dominant thinking in development economics

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6 mins  |
November 08, 2024
Inside the world of mad billionaires
Business Standard

Inside the world of mad billionaires

Two things about this book and its authors. One, this is the most unputdownable non-fiction that I have read this entire year.

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3 mins  |
November 08, 2024
Business Standard

Funding education

Easy financial assistance is not enough

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2 mins  |
November 08, 2024
Business Standard

Policy approach

RBI is acting selectively and with care

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2 mins  |
November 08, 2024