India seeks to increase domestic production for $51 billion in imports. This initiative targets critical manufacturing inputs across various industries. The government aims to reduce reliance on overseas suppliers and China. This push addresses heightened supply-chain risks and trade deficit…
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According to a press release, the investigation revealed that promoters allegedly siphoned off company funds through fake implant invoices (Rs 76.03 Cr) and inflated construction costs (Rs 82.34 Cr), routing the proceeds through shell companies before bringing them back as…
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Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and raising funding costs, potentially hurting derivatives trading volumes. Analysts say the move, along with higher STT, may weigh on the valuations of exchange operators such…
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Tribunal dismisses appeal against NFRA’s disciplinary action, holding that auditors cannot rely solely on management representations or anticipated settlements. Ruling underscores the mandatory nature of auditing standards, professional scepticism and robust audit documentation.
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India’s Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gauging the inflation-driven changes in costs over time. Annually published through gazette notices, it pertains to…
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Home Credit India will acquire Varthana Finance in an all-cash deal valued at Rs 967 crore. This transaction will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition aims to diversify portfolios and improve business mix for…
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