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NFRA) has imposed a penalty of Rs 10 crore on KPMG affiliate M/s BSR & Associates LLP, the highest slapped by the regulator in any case, and debarred two of its auditors for alleged glaring professional lapses in the 2018-19 audit of Coffee Day Enterprises. The order, issued on Monday, follows an investigation report by capital markets regulator Sebi about the alleged diversion of Rs 3,535 crore from seven subsidiaries of Coffee Day Enterprises to an entity owned by its promoters. NFRA has now barred auditors Aravind Maiya and Amit Somani from taking up audit work for 10 years and five years, respectively. In addition, Maiya will have to pay a penalty of Rs 50 lakh and Somani Rs 25 lakh.

Retail investors have grown used to riding the wave of the peaks and troughs over the last few years, from pandemic era paranoia to various macroeconomic events, including two ongoing wars.  When the S&P 500 plummeted by 5.9%, Nasdaq by 8% and the Tokyo's Nikkei 225 slid by as much as a 12% in the first five days of trading in August, according to data from MarketWatch, retail investors overwhelmingly opted against trimming their portfolios.  'Today is going to be carnage': How funds dealt with a week of market volatility Instead, many took advantage of the fire sale was underway w...

Kazakhstan’s crypto crackdown is continuing apace, with a court in the nation sending an illegal trader to jail for five years.

investors — Ashish Kacholia, Rekha Jhunjhunwala, Dolly Khanna, Vijay Kedia and Mukul Agrawal — have hit the jackpot in 2024 with at least 14 of their stocks giving multibagger returns this calendar year. Out of the five top guns of Dalal Street, at least 5 stocks of Kacholia have more than doubled wealth so far in 2024. Advait Infratech, in which the investor owned 2.67% stake at the end of the June quarter, is the biggest gainer in the pack with a massive return of 215% in 2024.

board of AIA Engineering has approved a share buyback of Rs 500 crore at Rs 5,000 per share, a premium of nearly 10% over Friday’s closing price of Rs 4,553. August 20 has been set as the record date. “We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges.

Breakout stocks to buy today: Following strong global market sentiments, the Indian stock market ended higher on Friday as ease in the US recession fear renewed the US Fed rate cut buzz. The Nifty 50 index finished 396 points north at the 24,540 mark, the BSE Sensex shot up 1,330 points and closed at 80,436, while the Bank Nifty index gained 788 points and ended at 50,515. In the broad market, the BSE Small-cap index skyrocketed 1.70 per cent, whereas the Mid-cap index shot up 1.80 per cent during Friday deals.

Apple Inc's business in India, including exports, crossed ₹2 lakh crore in fiscal 2024, driven not only by a surge in the local manufacturing and export of iPhones, but also a spurt in domestic sales of its other products including MacBooks, iPads and Watches. The US-based tech giant has likely exhibited the fastest growth in production and exports by any company in the last 50 years in India, making it the largest global value chain operating here, said officials. The company exported ₹1.35 lakh crore worth of iPhones, highest by any single brand in FY24 from India, while local sales were ₹68,000 crore. The Economic Survey 2023-24 mentioned Apple five times, underscoring the company's role in India's efforts to become a global smartphone manufacturing hub.

incentive schemes even as it weighs various options such as lowering the sops if they’re not allocated more funds. The ministry has moved a note for the approval of the Expenditure Finance Committee (EFC) to extend to the Interest Equalisation scheme by five years, which is available for small businesses and products falling under 401 tariff codes, till August 31. The total outlay of the scheme is capped at Rs 750 crore. Separately, it has also sought that duty remission benefits granted to exporters, under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are extended beyond September.

Stree 2’ has proved to be an unstoppable force at the box-office. The Shraddha Kapoor-Rajkummar Rao-starrer has broken all BO records. The horror comedy has crossed Rs 135.55 crore within five days of release, as per a report by box-office tracking portal Sacnilk.com. According to reports, 'Stree 2' grossed Rs 163 crore in India and an additional Rs 25 crore overseas within three days. The film is anticipated to surpass the Rs 200 crore global mark by Sunday. The horror-comedy faced competition at the box office from two other major Bollywood releases. While the producers announced that Stree 2 achieved a net collection of Rs 100.1 crore within its first two days, industry trackerSacnilk observed a more than 40 percent increase in earnings on Saturday. On its third day in theaters (August 17), early estimates show the film raked in Rs 44 crore, with an overall Hindi occupancy rate of 61.96 percent.

Let the good times roll: IT services eye a better future That segment has since recovered, and some banking sub-segments have recovered enough to increase their tech spending. Infosys chief financial officer Jayesh Sanghrajka told analysts last month that the company saw a recovery in areas such as mortgages, capital markets and card payments. Infosys reported its first sequential growth in this segment in six quarters.

Mint captures some interesting trends for you. India Inc faced headwinds in the June quarter as profits took a beating, growing at their slowest pace in five quarters. A perfect storm of factors, including higher costs, softening demand and a challenging high base dampened corporate India's spirits.

Supreme Court is scheduled to hear on Tuesday BRS leader K Kavitha's pleas seeking bail in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The apex court had on August 12 sought responses from the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on Kavitha's pleas challenging the Delhi High Court's July 1 verdict denying her bail in these cases. As per the cause list of August 20 uploaded on the top court website, a bench of justices B R Gavai and K V Viswanathan is slated to hear her pleas. During the arguments on August 12, Kavitha's counsel had sought bail contending that she has been in custody for around five months and the charge sheet and prosecution complaint have already been filed by the CBI and the ED respectively.

Bharat Petroleum Corporation plans to invest Rs 1.7 lakh crore over the next five years to grow its core oil refining and fuel marketing business as well as in 'future big bets' of petrochemicals and green energy, its chairman G Krishnakumar has said. Bharat Petroleum Corporation Ltd (BPCL), currently, owns about 14 per cent of India's oil refining capacity and about a quarter of the fuel retailing network. It plans to grow these businesses while foraying into newer areas. The firm is now implementing the first phase of a multi-decade aspirational journey in the form of 'Project Aspire' — its five-year strategic framework that is based on two fundamental pillars — 'Nurturing the Core' and 'Investing in Future Big Bets', he said in the company's latest annual report. «Our mid-term strategy is on a continuum. While we remain committed to growing our core businesses, which include refining and marketing petroleum products and upstream, we are equally focused on our big bets comprising petrochemicals, gas, green energy, non-fuel retail, and digital.

RG Kar Medical College and Hospital, the Kolkata Police have imposed Section 163 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (formerly Section 144 of the CrPC), around the Medical College and Hospital for seven days, effective from Sunday, 18 August. In an order released on Saturday by the Commissioner of Police, Vineet Kumar Goyal, it was stated that rallies, meetings, processions, dharnas, demonstrations, and the unlawful assembly of five or more persons are prohibited in the specified area of Kolkata. "...In exercise of the power conferred by Sub-Section (1) of Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, read with Sub-Section (3) of the said Section, I, Vineet Kumar Goyal, Commissioner of Police, Kolkata, being an Executive Magistrate for the Metropolitan area of Kolkata as well as the district of South 24 Parganas (within the limits of the suburbs of Kolkata falling under Kolkata police jurisdiction), do hereby prohibit, for a period of seven (7) days from 18.08.2024 to 24.08.2024, or until further notice, any unlawful assembly of five (5) or more persons, carrying of lathis, any lethal or other dangerous weapons, or the commission of any act likely to cause a breach of peace and disturbance of public tranquillity within the specified area in the town of Kolkata," the order stated.

mpox and that she might be another case in a growing global health emergency. She also has no idea where to go to get medical help. This year's alarming rise in cases, including a new form of the virus identified by scientists in eastern Congo, led the World Health Organization to declare it a global health emergency on Wednesday. It said the new variant could spread beyond the five African countries where it had already been detected — a timely warning that came a day before Sweden reported its first case of the new strain. In the vast central African nation of Congo, which has had more than 96% of the world's roughly 17,000 recorded cases of mpox this year — and some 500 deaths from the disease — many of the most vulnerable seem unaware of its existence or the threat that it poses. «We know nothing about this,» Bagheni's husband, Habumuremyiza Hire, said on Thursday about mpox.

West Bengal and across the country on Saturday started a 24-hour nationwide strike to protest the rape and murder of a trainee doctor at the government-run RG Kar Medical College in Kolkata last week. The protest was called by the Indian Medical Association (IMA), the largest organisation of medical staff in the country, which has placed five demands including justice for the victim, a central law to protect healthcare workers from violence at workplaces, and a thorough overhaul of the working and living conditions of resident doctors. The West Bengal government, meanwhile, issued detailed guidelines and measures to be taken at hospitals, medical colleges and all workplaces for women across the state with the aim to provide safe working conditions, and launched a flagship programme, 'Rattirer Shaathi' (Helpers of night).

Tanushree Dutta once recounted her traumatic experience working with 'The Kashmir Files' director Vivek Agnihotri, and a resurfaced video of her interview is now gaining traction on Reddit. In the interview, she described how, despite wearing revealing outfits on set, she was prohibited from resting in the van. She was also harshly scolded for being just five minutes late to the shoot and endured an entire day of waiting without being called for a single shot. Speaking to Faridoon Shahryar, Tanushree, who collaborated with Vivek in the 2005 film 'Chocolate', shared, «One day, when I reached the set five minutes late, he shouted at me and called me unprofessional. There were times when I arrived on set before the lights were even on, and nothing was ready—no setup, nothing. But on that particular day, I was exactly five minutes late, and he was there only to check if I had shown up.»

employees, who schemed to get a sick leave approved on August 16 to enjoy an extended holiday, imagine the surprise of those who didn’t even have to ask! With August 15 off for Independence Day and a long weekend ahead, many were crafting the perfect excuse to secure a day off on the 16th, hoping to enjoy five days of bliss. But at Dot Media, the CEO had something else in mind. In a twist that left employees grinning instead of groaning, the CEO took to LinkedIn with a bold announcement: “On the occasion of 'World Sick Leave Day,' we at Dot Media have decided to reject all sick leave requests!” It was the kind of statement that could have sparked a backlash, but what happened next was far from expected. Job seekers quickly inquired about vacancies, with one user quipping, “Wow!!! Amazing job done! Interview ke liye kab aau?” The CEO, not missing a beat, invited them to send in their CVs.

Jammu and Kashmir will be held in three phases — September 18, 25 and October 1, the Election Commission (EC) of India announced on Friday. The Supreme Court had set a deadline of September 30 for polls to be held in Jammu and Kashmir. The chief election commissioner (CEC) cited weather conditions and the Amarnath yatra as factors that had a bearing on the poll calendar. Haryana will go to polls on October 1, coinciding with the last day of the Jammu and Kashmir election. Counting of votes for both Haryana and Jammu and Kashmir will be on October 4.

Five people have been charged in connection with Matthew Perry’s death from a ketamine overdose last year, including the actor’s assistant and two doctors.