ICAI panel may wrap up review of IndusInd, Gensol books in 6 months
While Gensol is facing allegations of fraud, the crisis at IndusInd Bank pertains to discrepancies in its forex derivative portfolio.
Read More
Big Four, other global firms push back against draft ICAI rules
Global professional services firms are resisting ICAI’s draft guidelines for overseas networks, citing excessive disclosure requirements and ambiguous terminology. These firms express concerns about confidentiality breaches and increased operational complexity. The proposed rules could hinder global accounting firms’ operations in…
Read More
Vedanta contributed Rs 4.5 lakh cr to govt in last 10 yrs, Rs 55,349 cr in FY25
Vedanta Ltd, led by Anil Agarwal, has contributed significantly to the government exchequer, amounting to Rs 4.5 lakh crore over the past decade. In FY25 alone, the company contributed Rs 55,349 crore through various payments, with substantial contributions from its…
Read More
Would you cheat on your tax? It’s a risky move, tax office knows a lot about you
Australians are preparing to file their tax returns. The Australian Taxation Office (ATO) pre-fills income information. Taxpayers should verify accuracy and report all income sources. Deductions require proof and must relate to income. The ATO will focus on work-from-home, vehicle,…
Read More
Asian shares mixed, oil gains as world waits to see if US will join Israel’s war against Iran
Oil prices increased amid concerns over potential disruptions from the Israel-Iran conflict, with investors awaiting clarity on possible US involvement. Asian markets showed mixed performance; Japan’s core inflation rose, while China’s central bank held loan rates steady. The Bank of…
Read More
Gold prices slip after US Fed signals more gradual path for rate cuts
Gold prices slipped after the US Federal Reserve kept interest rates unchanged and signalled a more gradual path for rate cuts, analysts said on Friday.
Read More