India’s finance ministry is set to remove restrictions on Chinese firms bidding for government contracts. These curbs were imposed in 2020 following border tensions. The move aims to boost commercial ties and address project delays. Several ministries have requested exemptions…
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Why did statutory auditors fail to identify those charged with governance, why were key audit risks not escalated to boards, and why were internal control deficiencies left unreported? India’s apex audit regulator, the National Financial Reporting Authority, has flagged systemic…
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The auto component sector is expected to benefit from a strong order pipeline and a recovery in demand across passenger vehicles (PV), two-wheelers (2W) and three-wheelers (3W) following the recent GST cut, highlighted a report by Centrum.
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Export-oriented stocks fell sharply on Thursday as fresh US political signals stoked fears of extremely high import duties. Shares of seafood, textile, pharmaceutical, and metal companies dropped amid concerns that a proposed bipartisan Russia sanctions bill could raise tariffs on…
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The Indian rupee saw a rebound on Thursday following intervention by the Reserve Bank of India, though its long-term stability remains a concern for bankers. Despite the RBI’s efforts to strengthen the currency, experts advise importers to hedge against potential…
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Indian IT companies anticipate a subdued earnings quarter. Weak demand in the United States and client holiday shutdowns are impacting tech spending. Revenue growth is expected to be around 4% year-on-year. While AI adoption is emerging, macro headwinds and visa…
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