India Financial News

Supreme Court's decision to hear a plea seeking complete count of Voter Verifiable Paper Audit Trail paper slips in the forthcoming Lok Sabha polls has brought back the focus on the Election Commission of India's rationale in limiting the verification to five randomly selected EVMs. The poll panel has defended its rationale in courts and also found support from experts such as the Indian Statistical Institute which said the random formula was statistically sound. After a petition by over 20 political parties in 2019, SC mandated physical verification of EVM-VVPAT counts in 2% polling booths per constituency. Of the 20,687 polling stations where the mandatory physical verification of VVPAT slips was conducted on SC orders in 2019, eight cases of mismatch were found, which EC said were mainly due to 'easily explainable human errors'. The mismatch estimated at 0.0004% had no impact on the results in all eight cases, EC maintained.

Audit fees for Nifty 500 companies increased by a modest 28% between 2018 and 2023, indicating that they have lagged behind their growth and operational performance, as market capitalisation grew 92.75%, net sales rose 83.7%, and profit after tax (PAT) increased 126.2%. According to data provided by Prime Database, audit fees grew from ₹1,114 crore in FY18 to ₹1,430 crore in FY23 for Nifty 500 companies and from ₹404 crore to ₹466 crore for Nifty 50 companies. While the audit fee hike is marginal, the sharply increasing complexity in business operations, heightened regulatory oversight on listed companies, growing complexity in reporting requirements, and escalating talent and organisation costs every year are putting auditors in a tough spot.

Bhupesh Baghel was a «beneficiary» of the proceeds of crime raised through illegal Mahadev betting application, ED claimed that his associates «regularly received the proceeds». The charges have been made in a report, which is part of a 12-page FIR filed by Chhattisgarh Police against Baghel and 20 others. Last month, the state's economic offences wing filed an FIR against 20 accused under various sections of the Indian Penal Code in the alleged ₹5,500 crore Mahadev app case. «Baghel has been named by the promoters of Mahadev Online Book to be the beneficiary of betting funds. It has also been revealed by Chandrabhushan Verma (arrested ASI) that his OSD and political advisor were being paid proceeds out of Mahadev Online Book,» as per the FIR based on ED's probe.

As you retire today from the Rajya Sabha after having served for more than three decades, an era comes to an end. Very few people can say they have served our nation with more dedication and more devotion than you. Very few people have accomplished as much as you for the nation and its people. Personally, it has been a privilege for me to have been a part of your cabinet. Over the last 10 years, while I have been the leader of the Congress Party in the Lok Sabha and the Rajya Sabha, you have always been a source of wisdom and someone whose advise I valued. Over the last few years, you have made it a point to be available for the Congress party despite personal inconveniences. For this, the party and I will always remain grateful. You have shown that it is possible to pursue economic policies that were equally beneficial to large industries, young entrepreneurs, small businesses, the salaried class and the poor. It was you who showed that even the poor can participate in the nation's growth and be lifted out of poverty. Thanks to your policies, India was able to lift 27 crore people, the highest number of poor people out of poverty in the world while you were the Prime Minister. The MGNREGA scheme launched under your government continues to provide relief to the rural workers during times of crisis. The nation and particularly the rural poor will always remember you for ensuring that they can earn a living and live with self-respect through this scheme. The patriotic legacy of the Congress party and its spirit of sacrifice was ably demonstrated by you when you decided to pursue the Indo-US Nuclear Deal even if it meant putting your government at risk for the sake of the nation's security. This was a historic moment when

₹10,000 for the first adjournment sought by a disputant and double that sum for every subsequent one. Why do lawyers seek more than three adjournments and courts grant these in spite of the fact that it is irregular? Many lawyers, especially senior ones, have many briefs on their hands, and when conflicting timings of case hearings arise in different courts, their juniors are asked to seek fresh dates. Most often, judges oblige.

The European Council recently approved the EU’s Corporate Sustainability Due Diligence Directive (CSDDD), a due-diligence requirement that creates a legal liability for EU-based firms arising from any environmental and human-rights violations (including labour rights) within their supply chains. The CSDDD awaits a nod from the European Parliament, which is going for elections in June. Indian exporters are still grappling with the European Union’s Carbon Border Adjustment Mechanism (CBAM) that will effectively tax our carbon-intensive industries serving EU markets.

₹3,00,000) to USD 11,160 (over ₹9,00,000). Nicholas A. Mastroianni, President and CMO, US Immigration Fund in an exclusive interview to Livemint elaborates on how it will impact ‘volume of visa applications from India’, the future outlook of the visa category in India and other details.

A demat account serves as a digital repository for your stocks and investments, eliminating the need for physical paper certificates and providing convenient management options accessible via computer or phone. It's an indispensable tool for individuals engaging in stock trading activities in India.

Global brands such as Apple, Netflix, Microsoft, Google, and Facebook are an integral part of our daily routines, reflecting their widespread influence on our lives. From smartphones to automobiles and consumer electronics, Indians have a penchant for owning products from these renowned international companies.

luxury hotels of brands such as Fairmont, Raffles and Sofitel opening up in the years ahead besides hotels of other brands from Accor’s luxury and lifestyle division, said Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain and Europe’s largest hotel chain in an interview with ET. Accor will open 30 hotels in India totalling about 5,500 keys in the next three to five years. The chain currently has 62 hotels in India totalling around 11,000 rooms, but that’s not enough, Bazin said. “I have been a big believer in India, but we have 2000 hotels in France and less than 100 hotels in India. Going by the size of the country, we should have well over 1000 hotels here. I know this is going to take very long but it should happen in the future and it is going to be worth it. We will need more Accor employees here across many different layers over time and we will have to give them greater decision-making powers," he added.

Read more about other Kitchen decor items on the Home decor section of the Top Trending Products page. Check out the best fridge covers under 500 below. 1. HOKIPO Eco-Friendly Handcrafted Madurkathi Fridge Cover Top HOKIPO Eco-Friendly Handcrafted Madurkathi Fridge Cover Top with Pockets, 21x52 inches, Green41% Off₹594₹999Buy Now The HOKIPO Handcrafted Madurkathi cover of refrigerator is handcrafted by skilled Indian artisans using eco-friendly river grass (madurkathi). With its innovative design, this fridge cover features six spacious pockets on each side, offering convenient storage for various household items like gloves, bills, utensils, and more. Beyond its practicality, this cover adds a touch of elegance to your kitchen decor, elevating the ambiance with its distinct texture and natural appeal. Care and maintenance are effortless, requiring only a quick wipe with a damp cloth and air drying in sunlight. Designed to fit most standard refrigerators, with dimensions of 52 inches in length and

Amit Shah on Tuesday accused the Congress of taking support from the Social Democratic Party of India, the political arm of the banned Popular Front of India, «even as blasts are taking place in Bengaluru». The senior BJP leader was apparently referring to the recent blast at popular eatery Rameshwaram Cafe, which is under investigation. Shah also claimed that there has been no trace of corruption on Prime Minister Narendra Modi as against the Congress, which has allegedly stains of corruption of Rs 12 lakh crore. «On the one hand there are explosions in Bengaluru and on the other hand I got an information that SDPI has supported Congress. If it is true, then can people of Karnataka be safe under Congress?,» Shah asked during his election campaign in Channapatna in Ramanagara district, which is part of Bengaluru Rural Constituency. BJP has fielded Dr C N Manjunath, a renowned cardiologist who was the head of Sri Jayadeva Institute of Cardiology. Manjunath is the son-in-law of former Prime Minister and JD(S) supremo H D Deve Gowda and brother-in-law of former Chief Minister H D Kumaraswamy.

UltraTech Cement has crossed 150 million tonne in production capacity with the commissioning of two greenfield units in Tamil Nadu and Chhattisgarh on Tuesday. The country’s largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe. “Reaching this milestone is symbolic of India’s ascent on the global stage and demonstrates the dynamism and scale of Indian corporations,” Kumar Mangalam Birla, chairman of the Aditya Birla Group said.

Crypto exchange Bitget on Tuesday announced a partnership with payment solutions provider OnRamp to streamline the conversion of fiat money into cryptocurrencies.

PTI. Though the minister said that it was 'inevitable', he called for heightened efforts to achieve the goal. Jaishankar pointed out that the international momentum is now favouring India's bid for a permanent seat. Addressing intellectuals in Rajkot, the external affairs minister said India needs diligent work to secure the coveted position in the world peace body.

Indian Railways. A month after a viral video of passengers travelling in an overcrowded Lucknow train, another video clip showcasing the mayhem of overcrowded Indian Railways is going viral on social media.

₹32,400 crore for capital expenditure (capex) over the next three years as part of its expansion plans. The company said it plans to increase its capacity to around 200 million tonnes per annum (MTPA) in the near future. It also announced the commissioning of two new greenfield projects with a total capacity of 5.4 MTPA in an exchange filing.

hit record highs on Monday, April 1, led by metals stocks on strong industrial data from the top consumer China, before settling around 0.5 per cent higher. The BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. The broader NSE Nifty dipped 8.70 points or 0.04 per cent to 22,453.30.

TAC Infosec IPO last bidding date today: Issue booked over 400 times so far on strong NII, retail demand; check GMP The Aluwind Architectural IPO is offering 6,600,000 shares, with 3,135,000 (47.50%) allocated to Non-Institutional Investors (NII) and another 3,135,000 (47.50%) designated for Retail Individual Investors (RII). The Aluwind Architectural IPO was subscribed over 1.11 times on the third day of bidding. The SME IPO received 73,32,000 share applications against offered 66,00,000 shares on April 2.

NEW DELHI : Power plants running on imported coal will have to operate at full capacity till September to meet rising demand for electricity, as per a government order. The power ministry said in a statement that it will extend Section 11 of the Electricity Act till the end of September. So far, the mandate is in effect till June.

ALSO READ: Tomorrow's IPL Match: DC vs KKR; who’ll win Delhi vs Kolkata match? Fantasy team, pitch report and more The ACA-VDCA International Cricket Stadium in Visakhapatnam is most likely to favour bowlers as its a slow wicket, with a lot of help to swingers swing in the earlier part of the match. Spinner may turn the match later in the evening. However, batters would also make some difference, but they need to make the most of the powerplay overs.