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SRBC (SR Batliboi), Walker Chandiok (WCCL) and Deloitte Haskins & Sells (Deloitte) have once again brought to light critical issues such as auditor independence, the provision of non-audit services to audit clients, deficiencies in quality control frameworks, and conflicts of interest, raising concerns about whether top audit firms are responding quickly enough to meet regulatory requirements. A key concern for the regulator, the National Financial Reporting Authority (NFRA), has been that despite affiliations with global networks, each firm operating locally has not aligned its internal audit policies and procedures with Indian regulatory norms, particularly Sections 141 and 144 of the Companies Act and the ICAI Code of Ethics. Section 141 addresses the eligibility, qualifications, and disqualifications of auditors, whereas Section 144 prohibits auditors from providing certain services to the company or its subsidiaries. They reviewed SRBC in 2024 for compliance with previous findings and evaluated three FY23 audits, focusing on revenue-related internal controls, related-party transactions, and non-financial asset impairment. The regulator found that despite being a member of Ernst & Young Global since 2013, SRBC's policies fail to consider their relationships with network firms.

Adani Cement has made several changes to its top leadership to reflect its growth plans, the company said on Friday. Current chief executive officer, Ajay Kapur, has been elevated to the level of managing director for a period of two years, while Vinod Bahety, who is currently serving as the chief financial officer of the business, will be the chief executive officer and wholetime director for three years with effect from April 1. “In alignment with Adani Group’s internal leadership transitions and planning to continue fostering sustainable growth and an evolving leadership development consistent with the broader group and Company objectives, a leadership transition is proposed,” the company said in an exchange filing on Friday.

Force Motors surged 7.5% to their intraday high of Rs 9,444.85 on BSE on Friday after the company announced that it has won a major contract to supply 2,978 Force Gurkha light vehicles to the Indian Defence Forces. “We are pleased to inform you that the company has signed a landmark contract for an order of 2,978 vehicles from the Indian Defence Forces, specifically from the Directorate General of Capb, Devp (CD-13/14) General Staff Branch, IHQ of MoD (Army), New Delhi,” the company said in its press release.

Krafton has acquired a controlling stake in Pune-based Nautilus Mobile, the studio behind the popular Real Cricket franchise, in a deal worth Rs 118 crore. This marks Krafton’s first control deal in India, signalling its focus on local game development here. Founded in 2013, Nautilus Mobile was acquired by JetSynthesys in 2020. Subsequently, Krafton made a Rs 40.5 crore investment in 2022. The latest acquisition gives Krafton a larger stake in India’s gaming landscape, integrating Nautilus Mobile’s expertise with its global resources and technology.

Lakshmi Mittal is weighing the possibility of leaving the UK following the government’s decision to end tax benefits for non-domiciled residents. If he proceeds with this move, he will be among the wealthiest entrepreneurs to leave due to tax reforms. According to a Financial Times report, Mittal, who has lived in the UK for nearly 30 years, is assessing his options in response to the Labour government's decision to abolish the «non-dom» tax regime. This policy allowed certain UK residents to avoid taxes on foreign income and gains. “He is exploring his options and will take a final decision over the course of this year,” said a close associate. “There is a good chance he will cease to be a UK tax resident.” The billionaire and his family ranked seventh on the Sunday Times list of Britain's wealthiest individuals last year, with an estimated fortune of £14.9 billion. He owns multiple properties across Europe, the US, and Asia, including a chalet in St Moritz, Switzerland, and has recently been investing in Dubai real estate.

humanitarian parole program for Cuban, Haitian, Nicaraguan, and Venezuelan migrants has placed Cuban American Republicans in a political dilemma. Many now face pressure to either support ending the Biden-era program—popular among their communities—or break ranks with former President Trump, whom they overwhelmingly back. The program, which allowed over 500,000 migrants to live and work in the U.S. for up to two years with sponsors, disproportionately benefited Cubans, the largest group of beneficiaries.

Surguy has served as CIO for since 2018, with a spokesperson for the company confirming this is part of its ongoing strategic review «to align with our ambitious growth plans». 7IM's Ben Kumar: The debate around the passive pendulum swinging too far «We felt it was the right time to transition to a new investment leadership team,» the spokesperson said. «The strong team Martyn built will now lead our investment function into its next chapter.» Surguy joined 7IM from Credit Suisse where he was managing director for four years. Prior to which he was the CIO for EMEA at Morgan Stanley...

weight loss journey has captured widespread attention as a man successfully lost 13.5kg and eliminated his belly fat under the guidance of fitness coach Priyanka Lahiri. Priyanka, known for her own inspiring transformation, shared his story on the microblogging platform X. She revealed that the man had approached her with the goal of improving his diet, reducing body fat, building strength, and enhancing his running ability. Through a well-structured plan, he was able to achieve significant results.

Rooppur Nuclear Power Plant in Bangladesh being built with Russian assistance in what is next step in building this power plant. An important process stage of the turbine installation has been completed at Rooppur NPP Unit 1 in Bangladesh (the general designer and general contractor is Rosatom State Corporation Engineering Division). This resulted in the turbine set placement on the barring gear. During the tests, the turbine shaft started rotating at a slow speed. The barring gear ensures correct alignment and balancing of the turbine rotor before the start-up and shutdown, which prevents the turbine components form wearing and ensures safe and efficient work. The experts carried out control checks that confirmed accuracy of the alignment and high quality of assembly of the turbine set. “Installation of the turbine at Rooppur NPP Unit 1 has been completed successfully and this is an important step to the physical start-up of the plant. The turbine set placement on the barring gear and successful control checks confirm accuracy of the assembly and reliability of the equipment. This result is an accomplishment of a highly qualified team of specialists and another evidence of the reliability of Russian technologies”, noted Alexey Deriy, Atomstroyexport JSC Vice President for Projects in Bangladesh.

AI-powered creator discovery and content recommendation features, along with enhanced creator insights for businesses on Instagram’s creator marketplace, designed to support brands working with creators. With millions of creators available through Instagram's marketplace, the potential to connect with creators who align with a brand’s narrative has grown significantly. India stands out as the largest community of Instagram creators, also leading globally in the production of Reels.

Motilal Oswal said in its latest sector update, naming JSW Energy as its top pick to ride the upcycle. The brokerage reiterated its ‘buy’ rating on JSW Energy with a target price of Rs 705, implying a potential 25.4% upside from the stock's current level. Motilal Oswal also maintained a ‘buy’ rating on ACME Solar with a target of Rs 330, signaling a 73.4% upside from its current price.

Department of Homeland Security (DHS) has hit the brakes on green card processing for certain refugees and asylees, citing the need for “additional screening and vetting”. This unexpected move leaves thousands of applicants in legal limbo, adding uncertainty to the lives of those who sought safety in the U.S. after fleeing persecution. The directive, issued by U.S. Citizenship and Immigration Services (USCIS), impacts individuals who were already approved for entry as refugees and those granted asylum by U.S. immigration courts.

EET Fuels — the trading name of Essar Oil (UK) Ltd — has signed agreements to supply jet fuel to two additional major UK airports, the firm said Wednesday. Essar Energy Transition (EET) is the entity leading Essar group's USD 3.6 billion low carbon projects in the UK and India. The group operates Stanlow oil refinery in the UK. «This expansion elevates EET Fuels' total network to nine airports across the UK, marking a significant milestone in its mission to bolster energy security and support the aviation industry's growth,» the company said in a statement. Deepak Maheshwari, Chief Executive Officer at EET Fuels, said the pact underscores EET Fuels' commitment to strengthening the UK's aviation fuel network while advancing its energy transition strategy. «By expanding our supply footprint to nine key airports, we are not only enhancing fuel security and reliability for our airline partners but also reinforcing our role as a leader in the UK's journey towards a low-carbon future.»

Indian Renewable Energy Development Agency (IREDA) shares will be in focus on Wednesday after the company approved a borrowing plan of Rs 30,800 crore for FY26, aiming to strengthen funding for renewable energy projects and support India's clean energy transition. The IREDA board has sanctioned fundraising through various financial instruments, including bonds and loans. This move is expected to provide the necessary capital to accelerate renewable energy development and align with India's green energy targets.

Subscribe to enjoy similar stories. Nifty 50 snapped its winning streak and closed flat at 23,668 on Tuesday. Taking cues from global markets, the index opened on a positive note but faced resistance around 23,850, which aligns with the 50-week moving average (WMA).

Of this, Rs 3,30,049 crore has been realised through minority stake sales in state-run firms and Rs 69,412 crore from strategic sales of 11 central public sector enterprises (CPSEs), Chaudhary said in a written reply. The strategic sales proceeds don’t include Rs 12,100 crore and Rs 320 crore received for NINL and FSNL (Subsidiary), as the government didn’t have any direct equity in these companies. Other transactions yielded Rs. 37,981 crore. He said since FY15, 18 CPSEs, including Life Insurance Corporation of India, have been listed, which yielded Rs 51,225 crore. An additional market capitalization of Rs 7.31 lakh crore was achieved through the new listings, the minister added. After the listing, further disinvestment in various CPSEs through offers for sale yielded Rs 1,34,771 crore, and Rs 45,104 crore was realized from the buyback of shares by 45 CPSEs.

Here are four essential things freshers should know before starting their job search: 1. Your Resume Matters More Than Your Grades

Subscribe to enjoy similar stories. In a petition before the Karnataka high court, X (formerly Twitter) has challenged the legality of India’s Sahyog Portal—a central digital repository that tells social media companies which sites they must block access to. This, the company argues, is an attempt to side-step procedures already approved by the Supreme Court under Section 69A of the Information Technology Act, 2000 (IT Act).

444 angel number is particularly significant. Considered to be a symbol of stability, protection, and spiritual guidance, this number has a deep impact on different walks of life, such as love, career, and self-development.