Indian billionaire Anil Agarwal is finalizing a breakup of Vedanta Ltd. to reduce its $11 billion debt and sharpen focus on individual businesses. The conglomerate will list its aluminum, oil & gas, power, and iron & steel divisions separately.
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The frequaent change of CFOs, reconstitution of the audit and compliance committees, resignation of independent directors and delayed financial results, among others, should not have been missed, say experts.
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In a move to modernise public sector audits, ICAI and CAG have joined forces to train government auditors with global standards. Will this strategic push transform the quality of PSU audits and strengthen financial accountability across India’s public institutions?
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The Enforcement Directorate is set to interrogate Gensol Engineering’s promoters, Anmol and Puneet Singh Jaggi, amidst a probe into the Mahadev Book app’s illegal betting and money laundering activities. The ED has already frozen over 500,000 shares of the company,…
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The FMCG sector anticipates another subdued quarter due to persistent weak urban demand and elevated input costs. While rural demand shows slight improvement, overall consumption remains tepid. Companies like HUL face flat volume growth, while ITC expects moderate cigarette volume…
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Finance is the lifeblood of any business, especially for small and medium-sized enterprises. However, access to credit has always been one of the biggest challenges for MSMEs. With the revised classification, more businesses now fall under the MSME umbrella, and…
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