ICAI may review the financial statements of IndusInd Bank following a discrepancy of Rs 2,100 crore in its derivatives portfolio. The Financial Reporting Review Board is expected to conduct the review to ensure compliance with various accounting and auditing standards.…
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India’s Jio Finance, a wholly-owned unit of Jio Financial Services, has tapped the debt market with its maiden commercial paper (CP) issuance, ahead of its debut bond sale later this month, three merchant bankers said on Thursday.
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Workforce cuts in key federal agencies under the Trump administration have delayed energy project permits, affecting states like Alaska and New Mexico. These layoffs, designed to reduce public spending, may counteract Trump’s energy expansion goals. Officials emphasize the need for…
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The National Skill Development Corporation (NSDC) has partnered with the Association of Indian Universities (AIU) to integrate skill-based courses into higher education. This partnership will establish a tech-driven verification system for academic and skill qualifications and introduce a global academic…
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The collection efficiency for unsecured asset classes like microfinance, personal loans, and unsecured SME loans has seen a decline in recent months due to economic slowdown and borrower overleveraging. In contrast, secured asset classes have maintained healthy performance. The recent…
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Sebi expands the scope of Unpublished Price Sensitive Information (UPSI) to include proposed fundraising activities, restructuring plans, and one-time bank settlements. Effective from June 10, Sebi’s amended insider trading regulations aim to enhance regulatory clarity and compliance. New rules categorize…
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