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NFRA) on Friday came out with an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), flagging lapses, including the “lack of integration between electronic and paper files” and rendering of non-audit services prohibited under the Companies Act, 2013, in two instances. The regulator said the audit documentation of the firm comprises electronic audit documentation and physical files. The lack of integration between electronic and paper files poses risks of non-compliance with audit standards and quality control and “raises concerns about the reliability of audit documentation”, it added. It said Grant Thornton Bharat LLP (GTBL), Grant Thornton Advisory Private Ltd (GTAPL) and Grant Thornton International Limited (GTIL) are related entities of WCCL either “directly or indirectly” as per explanation to the Section 144 of the Companies Act, 2013.

India's exports to Australia have increased by 14 per cent to USD 5.8 billion in April-November this fiscal on account of healthy growth in various sectors like engineering, pharma and electronics, a senior official said on Friday. Additional Secretary in the Department of Commerce Rajesh Agrawal said businesses of India and Australia are gaining from the interim free trade agreement, implemented on December 29 last year. He also said negotiations to widen the existing trade agreement into a comprehensive deal are «progressing well».

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The toy sector is a small part of the local manufacturing industry India is now trying to build to take advantage of global supply chains shifting from China, generate jobs for its huge youth population and become self-reliant in manufacturing as well as an export powerhouse. From telecom to auto to defence to semiconductors, India is subsidising local manufacturing in more than a dozen sectors. According to a BCG study on global manufacturing shifts, India enjoys a strong advantage in direct manufacturing costs as an export platform.

Anupam Hazra, from the post of National Secretary, citing controversial comments. Predicting a win for the INDIA bloc against the BJP-led National Democratic Alliance (NDA), CM Mamata Banerjee said “INDIA alliance will be there across the country. In Bengal, TMC will fight and defeat the BJP".

Bharat Electronics Ltd. gained 0.6 per cent to Rs 183.8 in Friday's trade. It hit a high of Rs 185.2 and low of Rs 181.05 during the session.

Trident Techlabs listed at a premium of 180.4% on the NSE SME platform on Friday at Rs 98.15 per share. Ahead of the listing, the company's shares traded at a premium of Rs 43 in the unlisted market. The IPO was priced in the range of Rs 33-35. The Rs 16-crore IPO of Trident Techlabs was subscribed over 700 times at close.

Chandrashekhar quoted Apple's response, which said that Apple does not attribute the threat notifications to any specific state-sponsored attacker, adding that some Apple threat notifications may be false alarms or are not detected. "Apple does not attribute the threat notifications to any specific state-sponsored attacker. State-sponsored attackers are very well-funded and sophisticated, and their attacks evolve over time.

NEW DELHI : Rules detailing KYC-based age verification and consent mechanisms under the Digital Personal Data Privacy Act will be issued for industry consultation next week, Union minister of state for information technology, Rajeev Chandrasekhar, said in an interview with Mint. Industry stakeholders will get four weeks for the consultation process, with the ministry of electronics and information technology (Meity) setting a tentative deadline of 31 January to notify the DPDP rules. The rules will include offering details on “consent management, age-gating and other areas," Chandrasekhar said.

Strong consumer demand will help India retain its spot as the fastest-growing economy in 2024 despite global headwinds, industry body Associated Chambers of Commerce & Industry of India said Thursday. The chamber noted that consumer demand would likely drive investment in construction, hospitality, and infrastructure, including railways and aviation. “India Inc., led by financials, construction, hotels, aviation, automobile and other manufacturing areas like electronics, are on a strong pitch to further improve performance in the new year,” the body noted in a statement, pointing to low crude oil prices helping drive growth. Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24. “Sectors like construction have several related industries which too have gained momentum.

cases of frauds were reported in various banking operations amounting to ₹45,598 core in 2021-22, shows the RBI data on trends and progress of banking in India, shows the latest RBI data on trends and progress of banking in India. This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the frauds of ₹one lakh and above.

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A US$700-million investment barely burns a hole in Rio Tinto Ltd.’s pocket. The sum is less than five per cent of its 2022 annual income of roughly US$16 billion and isn’t supposed to dominate headlines from a financial perspective.

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e-Commerce enabler POP says it expects to expand its rewards coin user-base to 8 million by the end of next year, from 1.5 million at present led by new launches of e-commerce marketplace and payment instruments lined-up. In addition, more than 1000 brands are expected to issue and allow redemption of POP coins on their e-commerce websites by the end of 2024, it said.

iPhones, a Washington Post report said recently. The move comes after several Opposition leaders and some journalists in October claimed that they had received emails from Apple warning them that state-sponsored attackers were potentially remotely trying to compromise the iPhones associated with their IDs.

Apple's warnings in October to Indian opposition politicians that government hackers may have hacked their phones prompted Prime Minister Narendra Modi's administration to quickly demand the U.S. firm soften its message, the Washington Post reported. Apple's India representatives were called by administration officials who demanded that company help weaken the political impact of the warnings, the newspaper said citing three unidentified sources. An Apple security expert was also summoned from outside the country to a meeting in New Delhi and the expert was pressed to come up with alternative explanations for the warnings, it said. Apple and India's Ministry of Electronics and Information did not immediately respond to a request for comment.

A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues.

Retail real estate industry is riding a boom in demand. More than 5 million square feet (msf) of grade A malls became operational in 2023 — the highest in seven years — and another nearly 8 msf is slated for completion in 2024, industry executives said. Malls are expected to attract investment of more than Rs 20,000 crore over the next 3-4 years as the country's biggest mall developers, DLF, Prestige and Phoenix, have entered the next phase of expansion as almost all top retailers are expanding their store count. «Retail real estate sector has been witnessing increased traction, largely driven by strong consumption-led growth of the Indian economy,» said Saurabh Shatdal, managing director, capital markets, and head retail, India, at Cushman & Wakefield. Listed retail players such as Reliance Retail, PVR, Aditya Birla Fashion, and Tata Trent increased their store count significantly this calendar as their revenues continued to rise.

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

NSE SME platform with a mild premium of 7.5% on Wednesday. Post the listing, there was heavy buying interest with the shares locked in a 5% upper circuit at Rs 105. The issue was priced at Rs 93 per share with a face value of Rs 10 each. The IPO was completely a fresh equity issue of 86.74 lakh shares and the company raised Rs 81 crore through the public offer.