financial reporting

New Delhi, April 9 – Pakistan's oil marketing companies are facing a severe liquidity crisis, with unpaid price differential claims totaling up to 107 billion rupees remaining outstanding. Industry players are accusing the Oil and Gas Regulatory Authority (OGRA) of repeatedly changing...

Jammu, April 8 The Comptroller and Auditor General (CAG) has flagged a massive backlog in the finalization of accounts of Public Sector Undertakings (PSUs) and autonomous bodies in Jammu and Kashmir, with a large number of accounts remaining outstanding as of March 31, 2024.The CAG urged the...

Amaravati, April 8 Leader of the Opposition in the Andhra Pradesh Legislative Council, Botcha Satyanarayana, wrote to Governor S Abdul Nazeer on Wednesday, alleging that the state government had concealed facts and provided incorrect information regarding borrowing for the 2024–25 and 2025–26...

New Delhi, April 6 State-owned UCO Bank announced on Monday a 19 per cent increase in credit growth to Rs 2.62 lakh crore in the January-March quarter of FY26.Total advances stood at Rs 2.20 lakh crore in the year-ago quarter that ended in March 2025, UCO Bank said in a regulatory filing.The...

New Delhi, April 6 Bank of Maharashtra (BoM) on Monday said it has registered a total credit growth of 22 per cent to Rs 2.92 lakh crore in the fourth quarter ended March 2026.The outstanding credit was Rs 2.40 lakh crore at the end of the January-March quarter of the previous fiscal, BoM said...

Jammu, April 3 The Jammu and Kashmir government failed to submit utilization certificates for grants exceeding Rs 12,000 crore received from the Centre until March 2024, the Comptroller and Auditor General of India has said.The apex auditing body said the non-submission of utilization...

New Delhi, April 2 A Rajya Sabha member from the Rashtriya Janata Dal (RJD) raised concerns on Thursday about a significant shortfall in the central government's transfer of collection funds to designated funds, citing a Comptroller and Auditor General (CAG) report that revealed lapses spanning...

New Delhi, April 2 Core4 Engineers, a company based in Mysuru and specializing in EPCC (Engineering, Procurement, Construction, and Commissioning), has filed its draft papers with the BSE's SME platform to raise funds through an initial public offering (IPO).According to the Draft Red Herring...

New Delhi, March 31 The state-owned Central Bank of India announced on Tuesday that it has received a demand notice of ₹296.08 crore from the Income Tax Department for a shortfall in tax payments for the fiscal year 2025."The bank has received an assessment order under Section 143(3) read with...

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...