NFRA has flagged 988 audit firms of listed and unlisted companies that appear not to have filed or have filed incomplete Form NFRA 2 for the 2024 25 reporting period, with 947 firms in the non filing category and 41…
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Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to…
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NFRA Chairperson Nitin Gupta has flagged gaps in auditors’ assessment of companies’ ability to continue as a going concern, saying audit files do not always show how management assessments were evaluated before auditors reached their conclusions.
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SoftBank is gearing up for a historic bond issuance aimed at securing funding for its robust investments in artificial intelligence. This ambitious seven-year corporate bond aims to raise a staggering one trillion yen from individual investors. With a provisional coupon…
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The Indian rupee traded within a narrow band on Monday morning. Elevated oil prices fueled dollar demand, while the central bank intervened to stabilize the currency. Traders observed state-run banks offering dollars, likely acting on behalf of the Reserve Bank…
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Indian Hotels Company Ltd will merge with Oriental Hotels Ltd through an all-stock transaction. The Boards of both companies have approved this significant Scheme of Arrangement. Oriental Hotels shareholders will receive 25 IHCL shares for every 117 OHL shares. This…
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