As corporate failures from Rajesh Exports to IL&FS expose recurring governance breakdowns, are India’s boards, CFOs, auditors and audit committees truly fulfilling their fiduciary responsibilities? Ashok Haldia, former Secretary of ICAI, examines why financial governance remains the weakest link in…
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Discretionary spending is witnessing a notable resurgence, particularly in the apparel and white goods sectors, which have both seen impressive double-digit sales growth this fiscal year, thanks in part to a sweltering summer. Nevertheless, businesses are exercising caution, citing worries…
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In a significant career move, Kunal Shah, founder of CRED, is resigning from his operational responsibilities to steer WhatsApp globally at Meta. Miten Sampat will serve as the interim CEO, guiding CRED’s promising growth trajectory towards profitability. Shah remains a…
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Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolonged West Asia conflict could impact these figures, particularly business travel. Despite geopolitical concerns, hotel chains are reporting robust…
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The communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Research and Analysis by July 31.
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India anticipates two massive IPOs: the National Stock Exchange and Mukesh Ambani’s Jio Platforms. Local investor sentiment is crucial, especially after a sluggish market and a depreciating rupee. While both companies boast strong market positions, Jio’s fresh capital raise contrasts…
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