NFRA finds gaps in CNK audits of related-party revenue, going concern and loan controls
Audit regulator flags post-archival audit file modification risks, weak control testing and deficiencies in selected FY24 audit engagements.
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PM Modi’s WFH appeal explained: Why the Prime Minister is asking Indians to work from home like they did in Covid era
PM Modi WFH Advice: Amidst global economic uncertainty and rising fuel prices, Prime Minister Narendra Modi urged Indians to revive Covid-era habits like work-from-home and virtual meetings. He emphasized reducing fuel consumption, unnecessary foreign travel, and gold purchases to bolster…
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Turning 70 in November, Noel gears up to retire from Tata company boards
Noel Tata, nearing 70, is preparing to step down from Tata group company boards, initiating a significant leadership transition. Discussions are underway for replacements to ensure continuity across key businesses. This move aligns with the group’s governance policy of executives…
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Indian banks stockpile provisions in Q4, brace for second order risks from West Asia conflict
Indian banks have started building precautionary buffers and floating provisions against possible second order risks from the ongoing West Asia conflict, despite reporting no visible stress in their loan books so far. Axis Bank created a Rs 2,001 crore provision,…
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Private capex surges 67% to ₹7.7 lakh crore: CII
India’s private investment has seen a significant jump. This signals a strong revival in the country’s investment cycle. Industry leaders are proposing measures to navigate global challenges. These include fuel excise duty adjustments and faster payments for small businesses. The…
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RBI, European Central Bank sign revised agreement on information exchange, central banking ties
The Reserve Bank of India and the European Central Bank have signed a Memorandum of Understanding. This agreement aims to boost cooperation in central banking. The MoU updates a previous pact from 2015. It will facilitate information exchange and policy…
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