India’s WPI moderates to 2.04% in July from 3.36% in June
The WPI Food Index, which combines food articles from the primary articles category and food products from the manufactured goods category, rose from 190.3 in June to 195.4.
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Insolvency Board mandates unique identification number for valuation reports
As per the current practice, Registered Valuer (RV)/ Register Valuers Entity (RVE) submit the valuation reports with or without mentioning any reference number leading to potential issues concerning verification. “In order to ensure authenticity and to have a unique reference…
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Fund cited by Hindenburg against SEBI chairperson not domiciled in Mauritius: Regulator
In a significant blow to Hindenburg Research, the Financial Services Commission (FSC) of Mauritius on Tuesday said the fund cited by the US short-seller in its allegations against SEBI Chairperson Madhabi Puri Buch are neither licensees of the FSC nor…
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More questions emerge on ‘potential malpractice’ by SEBI chairperson’, JPC must: Congress
A firm and its auditor sharing the same address is generally a sign of poor corporate governance.
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Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan Pandey
The National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit firms. NFRA Chairman Ajay Bhushan Prasad Pandey noted that while some positive changes have been made, particularly in addressing conflicts of…
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SpiceJet’s Ajay Singh to dilute stake by over 10% to raise Rs 3,000 crore amid financial struggles
Ajay Singh, the promoter of SpiceJet, is set to reduce his shareholding in the beleaguered airline by over 10% to raise approximately ₹3,000 crore. Despite the dilution, Singh will remain the largest shareholder, with his stake expected to fall to…
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