financial reporting

New Delhi, March 30 Morpheus Research released a report on Monday accusing travel booking platform MakeMyTrip of engaging in "anti-competitive practices" despite a significant penalty order from the Competition Commission of India (CCI) in 2022, which directed the company to stop such practices...

Mumbai, March 30 The net sales growth of select non-government, non-financial (NGNF) public limited companies edged up to 7.8 per cent during 2024-25 from 6.3 per cent in the previous year, the RBI said on Monday.The sales growth of the manufacturing and services sector increased to 6.3 per...

New Delhi, March 27 NIIT Learning Systems Ltd (NIIT MTS), a corporate training solutions provider, has received a demand notice of ₹14.93 crore from the Income Tax Department for the assessment year 2023-24, according to a regulatory filing on Friday."The Assessment Unit of the Income Tax...

New Delhi, March 27 – Delhi Assembly Speaker Vijender Gupta on Friday praised the House for adopting the Public Accounts Committee's (PAC) reports after a gap of over 15 years, criticizing the previous Aam Aadmi Party government.Addressing the members, Gupta said, "As you are all aware, the...

New Delhi, March 26 Donations to national parties surged by 161 per cent in 2024-25 compared to the previous fiscal, with the ruling BJP accounting for the overwhelming majority — more than ten times the combined total received by all other national parties, according to a report by the...

Chandigarh, March 24 The Panchkula Municipal Corporation has found discrepancies in its Fixed Deposit Receipts (FDRs) with a private bank, amounting to nearly Rs 150 crore, a senior official said on Tuesday."Some of the FDRs had been with the bank for a long time at the Panchkula branch. The...

New Delhi, March 24 The telecom regulator, TRAI, has dropped a proposal to impose penalties of up to one percent of turnover for inaccurate accounting separation or cost reporting by telecom operators, and instead has stipulated a graded penalty framework with caps for such violations.The...

New Delhi, March 23 – To promote ease of doing business and reduce compliance burden, the government on Monday proposed a series of amendments to the Companies and LLP laws, including changes in CSR norms, decriminalisation of procedural defaults, flexibility in share buybacks, and relaxations...

New Delhi, March 23 The capital markets regulator, Sebi, on Monday eased certain reporting requirements by removing the mandatory reporting of demat accounts and relaxing norms for bank account disclosures.The changes are aimed at enhancing regulatory efficiency, as well as to promote ease of...

New Delhi, March 23 As many as 179 government-owned companies, including public sector enterprises, do not have a single female director as required under the Companies Act, the government said on Monday.Under the Companies Act, 2013, a certain class of companies are required to have at least...

New Delhi, March 23 The securities regulator, Sebi, has introduced a concise and standardized summary of offer documents in the form of a draft abridged prospectus, aiming to make IPO disclosures more accessible and investor-friendly.Companies going public will now be required to submit this...

New Delhi, March 22 Non-banking financial company Tata Capital has received a reassessment order from tax authorities, demanding Rs 413.18 crore for the financial year 2017-18, the firm said.The order, issued by the Deputy Commissioner of Income Tax, Mumbai, under the Income-tax Act and...

New Delhi, March 22 Railway-focused EPC player Trenzet Infra Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).The proposed IPO involves a fresh issue of 1.05 crore shares and an offer for sale (OFS) of 18 lakh shares...

New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...

New Delhi, March 19 ICICI Bank said on Thursday that tax authorities have issued a demand notice of ₹768.6 crore against it for alleged short payment of GST.On March 18, 2026, ICICI Bank received an order under Section 74 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional...

New Delhi, March 19 According to a report by the Association for Democratic Reforms (ADR), nearly 70 per cent of sitting MLAs in Kerala have declared criminal cases against themselves, while more than half are crorepatis.The analysis, conducted by ADR and Kerala Election Watch, examined the...

Shimla, March 18 The Himachal Pradesh Assembly Budget Session began on Wednesday on a contentious note with the opposition BJP submitting a notice to the Speaker against Chief Minister Sukhvinder Singh Sukhu, accusing him of misleading the House by making false claims about government loans...

New Delhi, March 18 Edtech firm Physicswallah has received a notice from the Income Tax Department demanding Rs 263.34 crore for the assessment year 2023-24.The demand was raised after the Income Tax Department treated the funds received by the company from investors, including funds from...

New Delhi, March 17 Maruti Suzuki India (MSI) said on Tuesday that it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority, and the company will challenge the order."The company has received a Draft Assessment Order for FY 2022 – 23, in which certain...

London, March 16. Chelsea FC has accepted fines totaling £10.75 million for breaches of the Premier League’s rules relating to Financial Reporting, Third Party Investment, and Youth Development, and has also been sanctioned with an immediate nine-month Academy transfer ban and a suspended...