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NFRA), in collaboration with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), is urging the Institute of Chartered Accountants of India to update a crucial accounting standard to align with revamped international norms, addressing a gap that has existed for over two decades, ToI reported on August 26. On Monday, the NFRA board will deliberate on updating SA 600 to match the International Standard on Auditing 600 (ISA 600), which has undergone revisions in 2009 and 2023. This move follows the NFRA's observation of discrepancies in various cases, including those involving Reliance Capital, IL&FS, DHFL, and Café Coffee Day. The NFRA, responsible for overseeing auditors and audit firms of large and listed companies, initiated discussions in May to update these standards, aiming to close the regulatory gap. Sources have indicated that SA 600 has been particularly contentious. While some chartered accountants argue that smaller firms might be adversely affected, regulatory sources insist that protecting small investors' interests is paramount.

₹1,338 crores and ₹936 crores on Google for abuse of its dominant position in the Android mobile devices ecosystem and its play store and in-app payments, respectively. These penalties reflect growing concerns about Big Tech’s market power and its impact on competition and consumer choice. The draft digital competition law sets specific criteria for determining which enterprises qualify as SSDEs.

village was buzzing with activity on Saturday as athletes from 168 delegations were settling into their temporary home, preparing for their upcoming competitions. The village, nestled in the northern suburbs of Paris, in the Seine-Saint-Denis department, closed its doors on Aug. 13 after the conclusion of the Olympic Games, giving organizers a week to make necessary adjustments for the upcoming Paralympics. Laurent Michaud, head of the Paralympic Village, discussed the rapid yet meticulous transformation. The village had been built with inclusivity in mind from the start, but this final week was crucial for fine-tuning details to ensure that every aspect was perfectly suited to the para-athletes' needs.

NASA's announcement Saturday that it won't use a troubled Boeing capsule to return two stranded astronauts to Earth is a yet another setback for the struggling company, although the financial damage is likely to be less than the reputational harm. Once a symbol of American engineering and technological prowess, Boeing has seen its reputation battered since two 737 Max airliners crashed in 2018 and 2019, killing 346 people. The safety of its products came under renewed scrutiny after a panel blew out of a Max during a flight this January. And now NASA has decided that it is safer to keep the astronauts in space until February rather than risk using the Boeing Starliner capsule that delivered them to the international space station. The capsule has been plagued by problems with its propulsion system.

Israel launched airstrikes inside Lebanon early Sunday that its military said targeted positions of the Shiite militia Hezbollah. In a statement, the Israeli military accused Hezbollah of «preparing to file missiles and rockets toward Israeli territory.» "‎‏In a self-defense act to remove these threats, the (Israeli military) is striking terror targets in Lebanon, from which Hezbollah was planning to launch their attacks on Israeli civilians," Israeli military spokesman, Rear Adm. Daniel Hagari, said.

Chandrayaan-3’s historic landing near the Moon’s south pole, solidifying India’s status as a leading spacefaring nation. This achievement has transformed global perceptions, but also spurred significant investment in India’s thriving space sector. Suraksha P examines the current investment trends and developments. Did Chandrayaan-3’s success attract investments for the Indian space sector? “The government had already laid the groundwork through policy reforms and the creation of IN-SPACe to actively encourage private sector participation. However, Chandrayaan-3 provided a decisive push that captured the world’s attention, significantly amplifying investor interest in the rapidly growing space sector,” Pawan Goenka, Chairman, IN-SPACe.

British royal family gets their money from a variety of sources. One important source that is supported by tax dollars is the Sovereign Grant. The Sovereign Grant was £86.3 million, or about $113 million, for the years 2021–2022 and 2022–2023. The Crown Estate, which is in charge of overseeing substantial holdings of land and property, provides the funding for this grant. But the majority of this money is used to fund staff salaries, upkeep of the royal homes, and planning of more than 2,500 events per year. The estimated £369 million, or around $483 million, refurbishment project for Buckingham Palace, which is scheduled to be finished by 2027, is another significant investment, as per the reports of Yahoo entertainment.

Supreme Court has agreed to look into the retrospective applicability of a provision in the Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act, 2015, under which the revenue department can initiate criminal prosecution against businesspeople for violations that were allegedly committed much before the law came into force. A bench led by Justice Abhay S Oka, while issuing notices to various businessmen, stayed the Karnataka High Court's June judgment that held retrospective applicability of section 72 of the 2015 Act as unconstitutional. The apex court posted the matter for further hearing on September 20. On June 7, the high court had held that criminal prosecution initiated for acts done prior to the enactment of the law were not valid under Article 20 of the Constitution. The order was pronounced in the case of Dhanashree Ravindra Pandit.

King Charles III recently provided a rare update on his health during a visit with families in Southport who were affected by a tragic knife attack that claimed the lives of three children. When asked about his well-being amidst ongoing cancer treatment, the King responded with optimism, stating that he was doing “not too bad.” This marks a significant moment as Charles, who was diagnosed with an undisclosed form of cancer in February, has mostly kept his health details private, sharing only occasional updates, as per the reports of Yahoo entertainment.

MILANO – Gate.io, a world’s leading cryptocurrency exchange, is proud to announce a partnership with FC Internazionale Milano (“Inter” or “Club”), one of the most prestigious football clubs in the world and the reigning champions of Serie A.

In Pimpri near Pune, when Tata Motors set the ball rolling to set up a pioneering all-woman line at its Harrier and Safari SUV plant, prospective employees —and their parents —had concerns about how they would travel and where they would stay. The management realised that for their mission to succeed, an important piece that had to fall in place was an assurance that the female workers would have a safe commute and accommodation. Says Sitaram Kandi, chief human resources officer, Tata Motors: “Where they would stay became our biggest concern since we didn’t have hostels. We shortlisted hostels near the plant and each one was visited by three different teams at different times of the day so that we could give the girls and their parents confidence.” After a tough initial phase, Tata Motors was able to increase the share of women on the shopfloor from 4% to 12%. “When you think of women’s employment, three big infrastructural barriers end up being the lack of safety, mobility and childcare,” says Pooja Goyal, founding CEO of Udaiti Foundation, which focuses on women’s economic empowerment. “For women to go out of the house to work, the benefit needs to be significantly more than what it is for a man since they are the ones doing the caregiving.”

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Reasons to buyReasons to avoidThe Elica Installation TBF HAC NERO is a sleek chimney with a filterless technology. It comes with a powerful motor and touch control for easy operation.Reasons to buyReasons to avoidAlso Read: Best chimney brand: Say goodbye to kitchen odours forever, top 10 picks that promise easy exit for cooking smokeThe Elica 600 SPT HAC NERO is a compact chimney suitable for small kitchens.

Singapore — WEEX Exchange, a top-tier cryptocurrency exchange known for pushing the boundaries of digital asset innovation, proudly presents the latest chapter in its WEEX WE-Launch series: the launch of Bad Idea AI (BAD). This exciting event offers participants the chance to engage with one of the most provocative projects in the crypto space, featuring an 840,000,000,000 BAD token airdrop and a “Share 2 Earn” campaign with a 2,000 USDT prize pool.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

PK Pole, Chief Electoral Officer, Jammu and Kashmir said on Saturday that the Ministry of Home Affairs is providing security to conduct the upcoming Assembly elections in Union Territory. Speaking to ANI, Pole said that this decision has been taken by the home ministry given the security challenges in the Jammu and Kashmir region, and to carry out a peaceful election process. «There have been security challenges in Jammu and Kashmir over the last 2-3 decades. There has been a reduction (in terror incidents) in recent years. It is an on-and-off situation. We have worked out detailed security arrangements. For candidates, political parties, our RO officials, observers, strong rooms, all this was taken up with the Ministry of Home Affairs and accordingly, security is being provided,» Pole told ANI.

In the fast-paced realm of financial markets, interest rate volatility presents both challenges and opportunities for investors. The effects of rising or falling rates extend across asset classes and industries, requiring a nuanced and strategic approach to portfolio management. This comprehensive guide explores sophisticated strategies to navigate these shifts, optimise returns, and manage risks effectively.

Robert F. Kennedy Jr. suspended his independent campaign for president Friday and endorsed Donald Trump, a late-stage shakeup of the presidential race that could give the former president a modest boost from Kennedy's supporters. Kennedy said his internal polls had shown that his presence in the race would hurt Trump and help Democratic nominee Kamala Harris, though recent public polls don't provide a clear indication that he is having an outsize impact on support for either major-party candidate. Kennedy cited free speech, the war in Ukraine and «a war on our children» as among the reasons he would try to remove his name from the ballot in battleground states. «These are the principal causes that persuaded me to leave the Democratic Party and run as an independent, and now to throw my support to President Trump,» Kennedy said.

₹800 crore as salary advances, or loans against salaries, in the latest April-June quarter. Such fintech startups typically partner with non-banking financial companies for capital to disburse as advance salaries. A majority of their clients tend to be companies with a large number of contract employees or gig workers.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...