News for 'audit'

Applying For US Visa? Clean Your Social Media First

Applying For US Visa? Clean Your Social Media First

Rediff.com4 Jun 2025

Delete posts that are offensive, political, divisive, or just plain immature, counsels Dr Karan Gupta.

Sebi brings in stricter disclosure norms for IPO-bound companies

Sebi brings in stricter disclosure norms for IPO-bound companies

Rediff.com4 Mar 2025

The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.

Why You May Get An I-T Notice

Why You May Get An I-T Notice

Rediff.com17 Jun 2025

'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'

'Some Kids Grow Up Too Fast'

'Some Kids Grow Up Too Fast'

Rediff.com2 Jun 2025

'...not because they want to but because life leaves them with no choice.'

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Mumbai's Lilavati Hospital trust alleges Rs 1,500 cr fraud by ex-trustees

Rediff.com12 Mar 2025

The Lilavati Kirtilal Mehta Medical Trust (LKMMT), which runs Mumbai's Lilavati Hospital, has accused its former trustees and related individuals of misappropriating over Rs 1,500 crore. The trust has filed complaints with the Enforcement Directorate (ED) and the Bandra Police Station, alleging that the misappropriation, uncovered during a forensic audit, has impacted the trust's operations and healthcare services. The trust has also claimed that black magic was performed in the hospital premises by former trustees and related individuals. The Bandra Magistrate Court has ordered an inquiry against these individuals. The current trustees have identified large-scale irregularities in the hospital management body's affairs and appointed forensic auditors who found that over Rs 1,500 crore has been siphoned and misappropriated by the former trustees. The Mumbai police's Economic Offences Wing (EOW) has initiated a probe into an alleged cheating case of Rs 85 crore registered against three former trustees of the hospital.

Will She Be Bollywood's Next Big Star?

Will She Be Bollywood's Next Big Star?

Rediff.com28 Apr 2025

Yash Raj Films is all set to introduce Ahaan Panday and Aneet Padda in their new film, Saiyaara, an intense love story.

DGCA starts special audit of Go First's facilities

DGCA starts special audit of Go First's facilities

Rediff.com4 Jul 2023

Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations. A team of officials from the Directorate General of Civil Aviation (DGCA) started the special audit of the facilities of Go First in Mumbai on Tuesday, according to an airline executive. The audit of the facilities will be done on Wednesday also.

Why Sitaare Zameen Par Was 'Indianised'

Why Sitaare Zameen Par Was 'Indianised'

Rediff.com19 Jun 2025

'What is fascinating about Aamir sir is that the audience in him is still alive and throbbing.' 'He still cries. He still laughs.'

Working Post Maternity Like Deepika? Know Your Rights

Working Post Maternity Like Deepika? Know Your Rights

Rediff.com10 Jun 2025

Shruti Swaroop, founder of Embrace Consulting, tells you why Deepika Padukone's quiet protest should inspire you to understand your maternity benefits and plan your return to work with confidence, not compromise.

Sebi bans IndusInd Bank former CEO, 4 others from securities mkt

Sebi bans IndusInd Bank former CEO, 4 others from securities mkt

Rediff.com28 May 2025

Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.

Tax dept notifies all 7 ITR forms for assessment year 2025-26

Tax dept notifies all 7 ITR forms for assessment year 2025-26

Rediff.com12 May 2025

The income tax department has notified all seven income tax return forms for assessment year 2025-26. While ITR forms 1 and 4, which are filed by small and medium taxpayers, were notified on April 29; ITR-7, filed by trusts and charitable institutions, was notified on May 11.

Watching YOU: AI Surveillance At Railway Stations

Watching YOU: AI Surveillance At Railway Stations

Rediff.com3 Jun 2025

Railways ramps up project to instal AI-based cameras that can recognise faces.

Byju's CFO Ajay Goel quits after audit

Byju's CFO Ajay Goel quits after audit

Rediff.com24 Oct 2023

Educational technology company Byju's chief financial officer Ajay Goel has quit after completing the audit process for the financial year 2022 and will return to Vedanta, the company said in a statement. The edtech major has roped in industry veteran Pradip Kanakia as senior advisor, and president (finance) Nitin Golani has been given additional responsibility as India chief finance officer (CFO) to handle the finance function of the company.

'There's A Kind Of Beauty In India'

'There's A Kind Of Beauty In India'

Rediff.com16 May 2025

'In India no matter your lifestyle, you will end up doing the same things as everybody else.'

The Actor Who Takes Your Breath Away In Paatal Lok 2

The Actor Who Takes Your Breath Away In Paatal Lok 2

Rediff.com1 Apr 2025

'Life does not change in such a way that everything becomes easy. Struggle and hustle is there for everyone. 'The difference is that people have started knowing me.'

'People Don't Recognise Me Now. One Day They Will'

'People Don't Recognise Me Now. One Day They Will'

Rediff.com10 Apr 2025

'You need patience. You need to focus and keep going.' 'That is true not only for the entertainment industry, but in every field.' 'Only then, the magic happens.'

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

Rediff.com1 May 2025

The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.

'I'm The Only Acknowledged Dalit In All Of Hindi Cinema History'

'I'm The Only Acknowledged Dalit In All Of Hindi Cinema History'

Rediff.com11 Jun 2025

'If you look around the world at people of colour, religion, caste, sexuality or any of the marginalised communities, we are always talking in numbers.' 'We are always assigning them a statistic.' 'That is an easy way to assuage your urban guilt. Because you hide your apathy with hollow sympathy.' 'We are, in a way, making them invisible.'

Handbags, wrist watches, other luxury items above Rs 10 lakh to attract 1% TCS

Handbags, wrist watches, other luxury items above Rs 10 lakh to attract 1% TCS

Rediff.com23 Apr 2025

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 per cent rate is currently being levied on motor vehicles costing above Rs 10 lakh effective January 1, 2025.

SC says Bihar babus suspended for bridge collapse brought back

SC says Bihar babus suspended for bridge collapse brought back

Rediff.com2 Apr 2025

The Supreme Court of India has transferred a Public Interest Litigation (PIL) concerning the safety and longevity of bridges in Bihar to the Patna High Court. The court expressed concern over the state government's handling of bridge collapses, noting that officials were suspended after incidents but reinstated after the public outcry subsided. The court also criticized the state's voluminous response to the PIL, which lacked explanations for the collapses. The Patna High Court will now monitor the state's efforts to ensure structural and safety audits of bridges in Bihar.

Mumbai Airport's T1 To Be Demolished In October

Mumbai Airport's T1 To Be Demolished In October

Rediff.com18 Mar 2025

Reconstruction of the terminal is expected to be completed by September 2028.

Insurance companies likely to soon face GST audits

Insurance companies likely to soon face GST audits

Rediff.com30 Jun 2023

Insurance companies may soon face goods and services tax (GST) audits as tax authorities plan a "deep dive" into their business practices to check for the possibility of a raft of tax-linked irregularities. Several insurance companies are being probed for wrongly availing of the input tax credit without the underlying supply of goods and services based on fake invoices generated by their channel partners and intermediaries. "We want to deep dive into the overall business and see if there are further taxation issues besides commissions, which are already being investigated," a senior official of the Central Board of Indirect Taxes and Customs said.

SC rejects plea for 100% manual counting of VVPAT slips

SC rejects plea for 100% manual counting of VVPAT slips

Rediff.com7 Apr 2025

The Supreme Court of India dismissed a plea seeking a directive for 100% manual counting of Voter Verified Paper Audit Trail (VVPAT) slips in addition to electronic counting. The court cited its previous rulings on the safety and security of Electronic Voting Machines (EVMs) and stated that the issue was not open for reconsideration. The plea argued for a modified VVPAT system where voters could verify printed ballots before leaving the polling station, and for 100% manual counting of VVPAT slips. The court upheld the Delhi High Court's decision dismissing the plea, referring to previous Supreme Court judgments on the matter.

Advances worth 8cr to TOPS athletes unaccounted for

Advances worth 8cr to TOPS athletes unaccounted for

Rediff.com30 Apr 2025

As per the official procedure, athletes have to submit bills within 15 days of the completion of a training or competition for which advance has been disbursed.

'If You're Chewing Gum, That's Plastic'

'If You're Chewing Gum, That's Plastic'

Rediff.com5 Jun 2025

'At least 25 Olympic-sized swimming pools worth of plastic chewing gum gets dumped.' 'And because the way people spit it out, there's no possible way this plastic can be recycled.'

Meet The Real Star Of Paatal Lok

Meet The Real Star Of Paatal Lok

Rediff.com27 Feb 2025

'Sudip sir keeps telling me that what I have done is very Hollywood.'

NBFCs draw flak for lax loan appraisal practices

NBFCs draw flak for lax loan appraisal practices

Rediff.com11 Apr 2025

Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.

'I'm Grateful I'm Indian'

'I'm Grateful I'm Indian'

Rediff.com28 May 2025

'Thankfully, as Indians, we have a long history of trans people in our culture, in our religions, in our mythology.' 'It's not a fad which has suddenly come into existence, the way that a lot of Americans treat it.'

Boardroom gaps: Public-sector undertakings' governance under lens

Boardroom gaps: Public-sector undertakings' governance under lens

Rediff.com12 Apr 2025

Stock exchanges' levy of penalties, ranging from Rs 3 lakh to Rs 12 lakh, on public-sector undertakings (PSUs) for lapses in board composition for the 2024-25 October-December quarter has brought forth issues of governance. Last month, 16 PSUs requested bourses to waive these penalties, arguing that these lapses were neither due to negligence nor within their control, as the appointment of directors is managed by the government.

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

How Scammers Steal Your Money: 5 Red Flags To Watch Out For

Rediff.com24 Mar 2025

Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.

'Treated Jallianwala Massacre With Sensitivity'

'Treated Jallianwala Massacre With Sensitivity'

Rediff.com6 Mar 2025

'When you are taking on something which is this big in India, there are so many pressures about wanting to do justice to them, so I am still scared.'

'I Had No Worry About Getting A Bad Name'

'I Had No Worry About Getting A Bad Name'

Rediff.com23 Apr 2025

'I enjoyed my fiery exchanges with Akshay Kumar, who was extremely gracious and generous when the camera was not rolling. I enjoyed locking horns with him in court.'

Who Is Kajol Cheering For?

Who Is Kajol Cheering For?

Rediff.com29 Apr 2025

'I was just seeing myself here (pointing at the poster) and was like 'damn, I made it!'' Rediff's Mayur Sanap, Hitesh Harisinghani and Afsar Dayatar report from the teaser launch of Tanvi The Great.

CAG to audit reconstruction of Delhi CM's residence

CAG to audit reconstruction of Delhi CM's residence

Rediff.com27 Jun 2023

The Union home ministry has recommended the special CAG audit taking note of a May 24 letter by Lieutenant Governor V K Saxena which pointed out 'gross and prima facie financial irregularities' in the 'reconstruction' of the chief minister's official residence, they claimed.

Meet The Man Behind Kesari 2

Meet The Man Behind Kesari 2

Rediff.com21 Apr 2025

'I found a story that merged my two passions, history and law. I couldn't have found a better story for my debut film.'

Revealed! How much money do BJP, Cong have

Revealed! How much money do BJP, Cong have

Rediff.com28 Jan 2025

The Bharatiya Janata Party, which claims itself as the biggest political party in the world, has a whopping cash and bank balance of Rs 7,113.80 crore against the principal opposition Congress party's Rs 857.15 crore as on March 31, 2024, according to figures provided to the Election Commission.

PwC may submit report on IndusInd Bank on Friday

PwC may submit report on IndusInd Bank on Friday

Rediff.com25 Mar 2025

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.

'My Boys Have Never Given Me Any Trouble'

'My Boys Have Never Given Me Any Trouble'

Rediff.com9 May 2025

'Both Shahid and Ishaan are over-thinkers and I'm constantly telling them to lighten up, chill.'

Bhujbal disappointed over being left out of Maha cabinet

Bhujbal disappointed over being left out of Maha cabinet

Rediff.com16 Dec 2024

Senior Nationalist Congress Party (NCP) leader Chhagan Bhujbal expressed disappointment at not being included in the new Mahayuti government in Maharashtra. He stated he would decide his future course after consulting with his constituency. Bhujbal was one of several prominent leaders excluded from the new cabinet, which was expanded on Sunday. The exclusion sparked reactions from other political figures, including former minister Deepak Kesarkar and Congress leader Bhai Jagtap.

Special audit of Go First facilities from July 4-6

Special audit of Go First facilities from July 4-6

Rediff.com30 Jun 2023

Aviation watchdog DGCA will conduct a special audit of grounded airline Go First's facilities in the national capital and Mumbai from July 4 to 6 before approving the revival plan for resumption of flights, according to a senior official. Cash-strapped Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process. Meanwhile, a senior executive at the airline expressed hope of resuming ticket sales -- which was paused by DGCA following the grounding of the carrier -- from July 7 or July 8 and subsequent relaunch of the operations from middle of next month.