India’s market regulator SEBI is examining the resignation letter of former HDFC Bank chairman Atanu Chakraborty. The review focuses on possible violations of rules for directors of listed companies. Chakraborty cited ‘happenings and practices’ not in line with his values.…
Read More
India’s audit watchdog has flagged specific audit execution failures and independence compliance gaps at an EY network firm, while the firm has pushed back on key observations, asserting that procedures were followed and attributing several issues to documentation gaps rather…
Read More
Ukraine’s drone attacks have crippled Russia’s oil exports. Major western ports and the Druzhba pipeline are hit. This disruption, the worst in modern history, affects 40% of Russia’s capacity. Tanker seizures add to the woes. Russia now relies on limited…
Read More
The West Asia conflict is impacting India’s semiconductor ambitions, with rising crude-linked costs and supply chain disruptions disproportionately affecting OSAT players. While fabs face cost inflation, OSAT firms are more vulnerable due to reliance on imported materials and lower margins,…
Read More
The government has moved sweeping amendments to the Finance Bill 2026, retrospectively validating electronic tax procedures, shielding assessments from technical challenges, and expanding reassessment powers linked to appellate orders, while introducing defined timelines and compliance relief measures across the Income…
Read More
A new bill to amend the Insolvency and Bankruptcy Code is proposed. It aims to speed up bankruptcy resolution through creditor-led, out-of-court arrangements. The bill also introduces frameworks for cross-border and corporate group insolvency. This aims to reduce delays and…
Read More