India Financial News

National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms — including the Big Five — and reveal its findings by October or November, people aware of the auditing regulator's plans said. The inspection, focused on the processes and standards adopted by auditors, could reveal how NFRA plans to bolster the country's audit and accounting ecosystem to curb corporate frauds and uphold shareholders' interests in a fast-growing economy, one of the persons said. The inspection reports will also reveal the Big Five's compliance with suggestions made in the regulator's December 2023 reports that had flagged deficiencies in their work processes. It had also expressed its reservation over non-audit services provided by some of these auditors to the same companies for whom they are also the statutory auditors.

Australian Broadcasting Corporation (ABC) on "Indian spies" and the Modi government's «infiltration» in Australia has uncanny similarities with «revelations» made in the report of Canadian Broadcasting Corporation (CBC) which also made similar allegations. The ABC report claimed that the Sikh diaspora and their families in India have been «coerced» by Indian authorities and that the Australian government while expanding ties with India is worried about «Indian spies» on its soil. The ABC report also refers to the Hardeep Singh Nijjar case and the Canadian government's accusation against India. «As the federal government embraces Narendra Modi and his administration as an important partner, the long arm of the Indian state is reaching Australia, silencing critics and threatening members of the diaspora… In 2020, India-Australia relations seemed better than ever. Trade deals were blossoming and a range of defence alliances were being signed in response to China's growing power in the region. In secret though, Australia was unhappy with India's spy operations in the country,» alleged the ABC report titled 'Infiltrating Australia', published on June 17.

workers engaged in cutting and polishing of lab-grown diamonds (LGD) in Surat are facing delays in getting their wages and uncertainties about their jobs, with a fall in the prices of these man-made gemstones affecting the revenue of the units employing them. As LGD prices are falling and export demand is not picking up as expected, wages are getting delayed by 20 days every month, according to the workers' union. Exports fell in value in 2023 but grew in volume, industry executives said. Last calendar year, exports of polished LGDs from India increased more than 50% in volume terms to 6.45 million carats, compared with 4.28 million carats in 2022. This year, volume growth too has slowed down. More than volume, value is falling which is a matter of concern. In 2024, value of lab-grown diamonds has fallen 45% compared with calendar 2023.

₹38 crore from anchor investors, just a day before its initial public offering (IPO) opens for public subscription. According to the regulatory filing, Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1 participated the anchor book round.Also read: Akme Fintrade IPO: From latest GMP to lot size, here are key things to knowThe Udaipur-based company allotted 31.35 lakh equity shares to anchor investors at ₹120 each, totaling ₹37.62 crore.“The Board of Directors of the Company at their respective meetings held on June 18.

ALSO READ: Babar Azam deserves no place in Pakistan's T20 cricket team: Virender Sehwag says, 'I may sound harsh, but...'According to a report by The Express Tribune, some players are even considering playing in local leagues in the United Kingdom, while others plan to spend time with friends and family in London.In the meantime, head coach Gary Kirsten and assistant coach Azhar Mahmood will head to their respective homes.ALSO READ: 'There's no unity in Pakistan's team': Head coach Gary Kirsten lashes out after dismal performance in T20 World CupGary Kirsten appeared deeply disappointed and frustrated with Pakistan's dismal performance and eve stated that there is 'no unity' within the Pakistan team."There's no unity in Pakistan's team. They call it a team, but it isn't a team.

household consumers surveyed cutting consumption or feeling the pinch of rising prices of onion, potato and tomato and another 31% are likely to be impacted once per kg prices cross INR 50 for these items 2 in 3 household consumers surveyed confirmed paying Rs 25/kg or more for tomato, Rs 30/kg or more for potato and Rs 35/kg or more for onion. While tomatoes are still affordable at these prices, potatoes and onions are now selling at much higher rates than their average price of Rs20/kg. The summer monsoon set in two days early in Kerala this year but so far it has remained sporadic, leading to humid weather. In most states, with temperatures rising, power cuts and water shortages are being reported. The result is, there is more demand for fruits and vegetables, which have become pricier. The prices of essential vegetables onion, potato and tomato have also shot up by 20% to 50% in the last few weeks.

Shiladitya Chetia, an Indian Police Service (IPS) officer serving as secretary in the home and political departments in the Assam government, allegedly died by suicide. He took the step soon after he heard about his wife's death in the hospital. His wife had been suffering from cancer. Assam Director General of Police, G P Singh stated in X, “In an unfortunate turn of events, Shiladitya Chetia IPS 2009 RR, Secretary Home & Political Government of Assam, took his own life this evening, a few minutes after the attending physician declared the death of his wife who was battling cancer for a long time. Entire Assam Police family is in deep grief”.

PepsiCo India is seeking to enhance the livelihood prospects for 1 million women in the country by 2026 under an initiative that focuses on sustainable development and gender equality, the beverages and packaged foods company said. It is looking at doing this through a combination of upskilling, awareness building and by offering job opportunities. The company has named this initiative as RevolutioNari, and is currently looking at partnering with other companies for this project.

misleading SMS falsely asserts that a package is awaiting delivery at a warehouse and alleges multiple failed delivery attempts due to incomplete address information. It directs recipients to click on a provided link to update their details, promising redelivery within 24 hours upon completion.

Mint. “Over the last 3-4 years, we have upped the number of women in the sales and marketing division from 5-6% to 20%."The program, called ‘RevolutioNari–A Revolution for the Nari’, is aimed at empowering 1 million women nationwide, in partnership with a consortium of organizations and spanning 1,000 days, PepsiCo said in a statement.In the first phase of the programme, PepsiCo India will focus on undergraduate women in multiple disciplines, including science, technology, engineering, and mathematics (STEM), and agriculture.

₹310- ₹341 per share, valuing the transaction between $996 million and $1.1 billion, according to a term sheet seen by Mint.Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas will manage the sale which is slated to open on Wednesday.Mint had reported on Tuesday that Vodafone Group Plc, which owns 21.5% through various entities in Indus Towers, is looking to sell its stake in the mobile tower provider. Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak were reported to be in the fray as buyers.Indus Towers is India’s largest telecom tower provider with over 219,736 towers covering all 22 telecom circles.

Supreme Court has stayed further proceedings in an FIR filed against top brass, including IREO Group Managing Director Lalit Goyal and Oberoi Realty Chairman and Managing Director Vikas Oberoi, under various sections of cheating, criminal breach of trust and forgery. While seeking response from the Haryana police and others, a vacation Bench comprising Justices Sanjay Kumar and Justice Augustine George Masih said: “...we find that the second complaint (against IREO and Oberoi officials) was made without disclosing the fact that the first complaint had been made, albeit in relation to the letter dated September 9, 2022 supposedly addressed by the complainant (one Chandan Singh) itself which was attacked as a forgery. Significantly, the second complaint does not even mention this letter though it was of relevance.” “The question as to whether the filing of the second complaint would amount to an abuse of process and as to whether the complainant approached the Court with unclean hands requires further examination,” the apex court said, while posting the matter for further hearing on July 29.

₹11.82 lakh (ex-showroom), reported HT Auto. This special edition, limited to just 100 units, features unique Dhoni-themed decals, custom accessories, and design enhancements.As per the publication, exclusive elements include illuminated sill plates, a front dashcam, and specially designed seat and belt covers.

ALSO READ: Babar Azam deserves no place in Pakistan's T20 cricket team: Virender Sehwag says, 'I may sound harsh, but...'However, a video went viral showing Pakistani pacer Haris Rauf altercating with a fan after he lost his cool and charged at him in public. Though Rauf's wife tried to stop him, Rauf believed the fan was 'Indian'.He could be heard in the video, while referring to the fan, "Indian hoga (he must be Indian)".

₹79,927 trillion at the end of March, NSE data show.Sebi is now considering a series of tweaks to its derivatives trading rules, including higher margins for selling options contracts and more detailed disclosures.Also read | Why Sebi’s reviewing the eligibility criteria for derivatives tradingLast month, finance minister Nirmala Sitharaman alluded to an unchecked explosion in retail trading of futures and options, saying it could create challenges not just for the markets but for investor sentiment and household finances as well.Das on Tuesday said the last mile of the disinflationary process was proving to be sticky owing to 'stubborn' food prices. But he added that it was "too premature" to change the monetary policy stance and that the apex bank had to shun an "adventurism" approach on the rates front.Also read | The MPC has done well to keep policy interest rates unchanged"The disinflationary process is facing a lot of resistance from food inflation which is stubborn and high, primarily due to supply-side factors affected by weather conditions," he said.RBI's monetary policy committee kept its rates and stance unchanged in its June policy.

The Indian government is considering to lower certain personal income tax rates, multiple government officials were quoted as saying by Moneycontrol.

to impose anti-dumping duty on printed circuit boards (PCBs) imported from China and Hong Kong. PCBs form the base of the many integrated circuits that control electronic functions in modern automobiles.

Paytm share plunges 3% amid discussions with Zomato to sell movie ticketing businessThe chairperson of NCPCR disclosed that 58 children, including 20 girls, were found at the plant. He further stated that many of the children had suffered burns on their hands due to exposure to chemicals.“Yesterday afternoon, during an inspection in Madhya Pradesh's Raisen district, we found 39 boys and teenagers employed in the liquor manufacturing work at the Som Distillery who had disappeared from the factory late in the evening," NCPCR said in a post on social media X.However, the company has denied responsibility for employing child labour, attributing the incident to a private contractor."We wish to clarify that these concerns are not related to Som Distilleries and Breweries Limited but relate to our associate Private Limited company which deals in country liquor primarily, and not the listed company as reported," the company said.In the last one year, Som Distilleries' stock has increased by 13 per cent, which lags behind the Nifty 50 benchmark index, which rose approximately 26 per cent over the same period.Also read: Minda Corp share price hits record high; gains 74% in about 1 year; is the stock buy-worthy? Experts weigh inSom Distilleries and Breweries, based in Bhopal and promoted by Som Group, is a prominent player in the Indian alcoholic beverages sector.

₹4,000- ₹5,000 for our NEET exam course material. Right now, even a student with a high score is not celebrating because people may allege that the student has received the marks through unfair means," Pandey told Mint. Before we tell you about the other faces behind the protest, let us understand how exams of this scale are conducted.

News18.ALSO READ: BCCI accepts 'next India coach' Gautam Gambhir's demand on separate teams for different formats: Report“Gambhir had a virtual interview but Raman’s presentation was very impressive and detailed. The CAC is likely to interview an overseas candidate tomorrow.

Rahul Gandhi has decided to retain the Rae Bareli seat and give up Wayanad. Rahul won both seats in the recently-concluded Lok Sabha elections 2024.A candidate can contest elections from multiple seats in India.