With CAG alleging that Mukesh Ambani-run Reliance Industries was delaying furnishing of records for audit, Oil Minister M Veerappa Moily on Friday said there was no problem and "everybody" was cooperating.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
The exchange has written to MCX for greater details on the special audit. BSE has sought the names of related parties, which have been withheld by MCX.
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations.
'In the history of India this kind of scores and ranks has never happened in exams.'
The Aam Aadmi Party on Monday alleged that graffiti threatening Chief Minister Arvind Kejriwal were scribbled inside the metro trains in Delhi, as it accused the Bharatiya Janata Party of being behind this incident.
The Congress, on the other hand, earned Rs 171 crore from electoral bonds which was down from Rs 236 crore in FY 2021-22.
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
The Union home ministry is conducting an audit of controversial phone-tapping equipment, which was allegedly used during former Army Chief Gen V K Singh's tenure for snooping on senior defence ministry officials at the peak of the row over his age.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The Maidaan actor shares her diet, fitness and fashion fundas with Rediff.com.
In its closure report submitted before a special CBI court New Delhi, the agency is understood to have said it did not find enough evidence to prosecute the accused.
'I have trained Ravish Kumar, Virender Sehwag, Harbhajan Singh, Irfan Pathan...' 'But if I approach somebody for work, I never get it.'
Rejecting the contention of private power distributors, the Delhi government on Wednesday ordered an audit by the Comptroller and Auditor General of their finances, fulfilling yet another election promise of the Aam Aadmi Party.
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP's resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are "completely independent".
The IT-BT minister claimed that the then BJP government did not merely charge a '40 per cent commission', as his party had claimed during the assembly election, but had collected a commission of more than 400 per cent.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
Singh has questioned the reliability of the EVMs on more than one occasion following the Congress' defeat in the recent assembly polls in Madhya Pradesh, Rajasthan and Chhattisgarh.
The findings of the audit into irregular IPL and Champions League bonuses allegedly paid to Cricket South Africa staff, including CEO Gerald Majola, have been delayed by a week.
The review plea filed on May 10 said, "There are mistakes and errors apparent on the face of the impugned order..., and as such there are sufficient reasons which require review of the impugned order/judgment..."
"Looking at the films come to life on set was a lot of fun. The lensing, the art direction and Prakash Sir's detailed eye. It felt like something special was brewing," says Naina Bhan.
The committee will consist of retired Supreme Court judges S I Imam and Rohini Marasinghe, and Irangani Perera, retired High Court judge.
'After a month of working on the new machine, I realised that the black glass on the VVPAT lets the programmer manipulate not just the electronic system, but the paper vote too.' 'And it will not be detected even during the mock poll or the actual voting because of the black glass.'
Janhvi and Khushi Kapoor were the latest guests on Karan Johar's Koffee With Karan, and the sisters opened up about their careers, relationship rumours, and losing mom Sridevi at a young age.
Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.
'We audition for 99 projects, and get rejected 98 times!'
The 100-foot-tall illegal billboard fell at a petrol pump in Ghatkopar during dust storms and unseasonal rains that lashed Mumbai on Monday.
Thackeray said the probe will ascertain if the fire was an accident or was the fallout of ignoring an earlier safety report.
In an attempt to avoid Satyam-like frauds, a Sebi panel has suggested rotation of audit partners signing the accounts and giving more teeth to the company's audit committee.
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
This follows a recommendation by the Income Tax department after the Satyam accounting fraud issue broke in January following founder Ramalinga Raju's confession. I-T officials said since the returns were e-filed, there was no provision to check whether or not the tax audit reports were certified by the chartered accountant.
The Comptroller and Auditor General can do a performance audit of production sharing contracts
Joint audits and inspections by the ICAI/DCA are critical if the system has to work.
'It's such a mishmash of wonderful things, so many different cultures, subsections of society and weird histories.'
Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company.
Byju Raveendran, CEO and founder of the eponymous edtech giant, has told shareholders that the company will set up a board advisory committee (BAC). This was part of a discussion on July 4 with shareholders at an emergency general meeting (EGM). Raveendran also said that in the next EGM in three weeks will give details about BAC's members and composition.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
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