Exclusive: ICAI proposes majority-control rule for multidisciplinary partnership firms
Institute tells MCA that audit domains must remain with respective regulators; calls for registration based on partner majority.
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ECL framework can be misused for smoothing profits, warns Ashok Haldia on governance risks in banks
The former ICAI secretary Ashok Haldia told ETCFO that ECL models will require unbiased consideration of macroeconomic forecasts and forward-looking information, which may be intrinsic to the bank, its business, or derived from external conditions, and their linkages with expected…
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India’s consumption outlook brightens as reforms, rural demand set stage for Q3 revival: BoB Report
India’s consumption demand is set for a strong rebound in the next quarter. Rural recovery and tax reforms in urban areas will drive this growth. Deferred demand from the previous quarter will also contribute. Favourable monsoon and festive season tailwinds…
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How AI is tilting India’s IT balance
The typical IT playbook of hiring software engineers offshore to drive tech projects is being rewritten with AI, Shristi Achar and Beena Parmar analyse.
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AI to reshape every Walmart job, from store floors to leadership, says CEO
Walmart CEO Doug McMillon stated that artificial intelligence will transform every role within the company, from leadership to front-line positions. While AI will both replace and create jobs, Walmart is focusing on equipping its 2.1 million employees with generative AI…
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Adani Enterprises board approves Rs 25,000 crore rights issue to eligible shareholders
Adani Enterprises, the flagship Adani Group company, announced on Tuesday, November 4, that its board has approved raising up to Rs 25,000 crore through a rights issue of partly paid-up equity shares with a face value of Re 1 each.
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