Audit is being questioned by investors. Subhiksha is an example. In the case of Siemens India, institutional investors questioned the valuation in a deal involving the sale of Siemens Information Systems to German parent Siemens AG. This shows the low level of investor confidence in the corporate governance system. The audit committee mechanisms need strengthening.
A devastating fire in a central Kolkata building resulted in nine deaths, primarily due to asphyxia, and the rescue of around 80 people. West Bengal minister Kaushik Chowdhury highlighted the quick response of the Fire Brigade but raised concerns about safety norms, lack of windows, and the proliferation of cramped hotels within the building. An investigation committee will be formed, and fire audits will be conducted across all hotels in the state.
A committee constituted by the West Bengal government to carry out a special audit of sanctioned plans for high-rise residential and commercial buildings in and around the city will meet on Friday to begin the exercise, Chief Minister Suvendu Adhikari said.
Ministry of Corporate Affairs suggests overhaul of rules for independent directors.
The National Commission for Women (NCW) has issued a comprehensive advisory to all states and Union Territories, recommending mandatory annual POSH audits and other measures to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The advisory aims to ensure safe, inclusive, and gender-sensitive working environments for women across all sectors, emphasising institutional accountability, proper committee constitution, and robust awareness programmes.
The Securities and Exchange Board of India (Sebi) has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year, imposing a total penalty of Rs 1.48 crore, for the unauthorised pledge of ZEEL's Hyderabad land to secure loans for promoter-linked Essel Group entities.
The Centre on Tuesday told the Supreme Court that it has constituted a high-powered committee headed by the director general of health services (DGHS) to formulate a mechanism for conducting a comprehensive audit of the existing system of admission through the NEET-PG examination.
JLKM leader Devendra Mahto, who ended his 16-day hunger strike after the Jharkhand government cancelled job exams over alleged irregularities, announced a second phase of protests for corruption-free recruitment by JPSC and JSSC, demanding government guarantees against future paper leaks and irregularities.
HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
The Delhi government's Health Department has received an audit report highlighting alleged financial and administrative irregularities within the Delhi Medical Council (DMC) between 2019 and 2025.
Vaibhav Sooryavanshi will get a golden chance to improve upon his none too impressive first class numbers when East Zone take on the severely inexperienced North East Zone in the quarter-final of the Duleep Trophy.
The National Financial Reporting Authority (NFRA) has commenced an investigation into Rajesh Exports concerning a 15.15 trillion financial misstatement, following a referral from market regulator Sebi.
YR Sadashiva Reddy, Co-Chairman of the Bar Council of India (BCI), has called for the immediate resignation of BCI Chairman Manan Kumar Mishra, citing alleged irregularities in appointments, diversion of Council funds, financial dealings with law colleges, and other governance issues. Mishra has dismissed the allegations as 'baseless'.
In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board
North Zone coaches Ajay Sharma and Sarandeep Singh are under scrutiny for controversially dropping Sanat Sangwan, the Ranji Trophy's third-highest run-scorer, for the Duleep Trophy quarter-final against West Zone, opting instead for Yash Dhull, who had a significantly poorer Ranji season.
Former UEFA president Michel Platini has initiated civil and criminal legal proceedings in France against FIFA and its current president Gianni Infantino.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
The National Financial Reporting Authority (NFRA) has initiated a probe into Rajesh Exports following capital markets regulator Sebi's findings of Rs 15.5 lakh crore in revenue misstatements. NFRA chairperson Nitin Gupta also emphasised the critical need for genuine board independence in promoter-driven companies and human oversight in financial reporting, especially with the increasing integration of AI.
The Jharkhand government has cancelled 44 recruitment examinations conducted by the state Public Service Commission (JPSC) and an outsourced agency since 2014, including the JSSC Combined Graduate Level (CGL) examination, following a 25-day student agitation over alleged irregularities. This decision has led to protests from around 2,000 candidates who had already been appointed to various state government departments after clearing the JSSC-CGL exam.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
The incident, which occurred early Monday morning, was reportedly caused by a sparking ventilator.
The National Highways Authority of India (NHAI) has introduced stringent new policy guidelines, mandating ambulances deployed on national highways to reach accident sites within a 10-km radius in 10 minutes and transfer victims to the nearest hospital within one hour, with penalties for non-compliance.
A parliamentary standing committee on Information Technology has demanded a personal apology from Meta CEO Mark Zuckerberg for the temporary removal of Prime Minister Narendra Modi's video from Facebook. The committee also discussed potential legal action and the withdrawal of safe harbour protection, while questioning Meta officials on algorithmic bias and accountability.
The Maharashtra government has approved the deployment of sovereign artificial intelligence solutions from Sarvam AI for its departments, with a two-year outlay of Rs 11.26 crore. This initiative includes the Indus AI workspace for 2,500 users, ensuring government data remains within India, along with citizen outreach agents and speech models for the MahaAI platform.
Himachal Pradesh DGP Ashok Tiwari has ordered a comprehensive audit of the POSH Act implementation across all police units in the state, focusing on the proper constitution and effective functioning of Internal Complaints Committees.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
The Cockroach Janta Party on Sunday demanded the immediate arrest of those responsible for the alleged assault that led to the death of Janab Mafik, the father of CJP volunteer Shaik Abdul Hafeez, in West Bengal.
A committee investigating the fatal Chembur tree crash has recommended fines of Rs 5 lakh on the roadwork contractor and Rs 2 lakh on the supervising consultant. The panel found no prima facie fault with BMC's garden and roads departments but suggested implementing a Standard Operating Procedure for urban tree safety and appointing tree experts to oversee pruning work to prevent future incidents.
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is conducting a 10-day purification ritual, including the recitation of Vishnu Sahasranama Stotra, to 'atone' for a recent donation theft at the Ayodhya Ram Temple complex and 'seek forgiveness' from the Almighty.
West Bengal Chief Minister Suvendu Adhikari has alleged that the building plan for the collapsed Kolkata warehouse, which killed 10 people, was approved despite a faulty design and bears the signature of former mayor and TMC leader Firhad Hakim. Adhikari announced Rs 10 lakh compensation for the deceased's families and Rs 1 lakh for the injured, while also suspending all construction work in the Kolkata Metropolitan Area for four weeks for an audit of sanctioned plans.
The Nirmohi Akhara has approached the Supreme Court, seeking a directive to the Centre to reconstitute the Shri Ram Janmabhoomi Theerth Kshetra Trust as a 'public trust' and include structural safeguards for oversight by seers, citing alleged large-scale embezzlement of donations.
FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.
The Uttar Pradesh government has formed a three-member Special Investigation Team (SIT) to probe allegations of financial mismanagement and missing donations related to the Shri Ram Janmabhoomi Teerth Kshetra Trust in Ayodhya. The move follows a request from the Trust itself, amidst escalating political demands for transparency from various parties including the Samajwadi Party and Congress.
The Ad-Hoc Committee appointed to run the Equestrian Federation of India (EFI) has informed the Delhi High Court that governance reforms and elections may take longer than initially planned. The committee cited statutory requirements under the new sports law and delays in gaining full control of the federation as reasons for the extended timeline.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
Former India doubles player Purav Raja has called for a complete clean-up of Indian tennis administration, emphasising the need for accountability and transparency at all levels. He also questioned the eligibility of some office-bearers in the 2024 elections.
The Shri Ram Janmabhoomi Teerth Kshetra Trust held a crucial meeting in Ayodhya to deliberate on the resignations of general secretary Champat Rai and member Anil Mishra, following allegations of embezzlement of donations. The meeting also reviewed the ongoing SIT probe into the alleged theft.
If AI-generated material is found to be 'false, fabricated, misleading or inaccurate', the person filing it will be accountable and cannot cite the AI-generated nature of the material as a defence.
