financial reporting

New Delhi, March 13 A parliamentary panel has suggested that the regulatory body, NFRA, conduct sectoral studies to identify industry-specific accounting and auditing challenges, as well as to establish sector-specific accounting guidance to boost investor confidence.The National Financial...

New Delhi, March 10 IDFC First Bank announced on Tuesday that it has settled fraud claims at a Chandigarh branch for ₹645 crore and has found no further discrepancies.Private sector IDFC First Bank had last month disclosed a ₹590 crore fraud committed by certain employees and others at a...

Chandigarh, March 9 Punjab BJP president Sunil Jakhar alleged on Monday that the AAP government in the state was conspiring to financially weaken the Punjab State Power Corporation Limited (PSPCL) by manipulating financial records and misleading people about electricity tariff reductions...

Chandigarh, March 9 – Punjab BJP President Sunil Jakhar on Monday exposed what he described as a conspiracy by the state AAP government to financially bankrupt the Punjab State Power Corporation Ltd (PSPCL).Jakhar explained to the media here, with supporting facts, how the government is...

New Delhi, March 9 The Central Information Commission (CIC) has advised the National Financial Reporting Authority (NFRA) to make orders, directions, circulars, and policy decisions affecting audit practices and standards publicly available.This observation came while disposing of a second...

Mumbai, March 6 India's foreign exchange reserves jumped by USD 4.885 billion to a record high of USD 728.494 billion during the week ended February 27, the Reserve Bank said on Friday.In the previous reporting week, the overall reserves had fallen by USD 2.119 billion to USD 723.608 billion...

New Delhi, March 6 Aye Finance, which listed on stock exchanges last month, reported an 87 per cent increase in net profit at Rs 43 crore for the quarter ended December 2025, on Friday.The non-banking financial company (NBFC) specializing in micro-enterprise lending had earned Rs 23 crore in...

New Delhi, March 5 Zuari Agro Chemicals Ltd (ZACL) settled allegations of misrepresenting the company's financial statements with the capital markets regulator Sebi on Thursday after paying Rs 1.2 crore as settlement amount.In addition, the company agreed to a voluntary debarment from buying...

New Delhi, March 5 – The ruling BJP announced an income of ₹6769.14 crore for the fiscal year 2024-25, the highest among national parties, while the Congress came in second with an income of approximately ₹918.28 crore, according to a report by the Association for Democratic Reforms (ADR)...

New Delhi, March 4 The securities regulator, Sebi, on Wednesday eased the compliance reporting framework for Alternative Investment Funds (AIFs) by introducing an annual reporting system and reducing the scope of quarterly filings, in an effort to improve ease of doing business.Under the...

New Delhi, March 3 GST authorities have issued a demand notice of ₹6.37 crore to Britannia Industries, and the company is exploring legal remedies.The bakery food company received the order from the Office of the Commissioner of CGST & Central Excise, Thane, on Monday, according to a...

New Delhi, March 2 The securities regulator, Sebi, on Monday imposed penalties totaling ₹38 lakh on Coffee Day Enterprises Ltd and several of its officials for failing to comply with mandatory accounting and disclosure requirements while preparing financial statements.In its order, Sebi...

New Delhi, February 26 The National Financial Reporting Authority (NFRA) will issue inspection reports of 10 audit firms by the end of this financial year, according to officials.The regulator was established in October 2018 under the Companies Act.Since its inception, the watchdog has...

New Delhi, February 26 Sedemac Mechatronics, a manufacturer of powertrain controls and auto parts, will launch its initial public offering (IPO) for a subscription of Rs 1,087 crore on March 4.The price band has been set at Rs 1,287-1,352 per share, valuing the company at close to Rs 6,000...

Mumbai, February 23 Sebi's full-time member, Amarjeet Singh, cautioned on Monday against "artificial washing," or the use of exaggerated claims as a marketing tactic, warning that such instances can erode public trust in the markets."We have seen instances of market participants making...

New Delhi, February 23 Shares of IDFC First Bank plunged by 20% on Monday after the private sector lender disclosed a fraud of Rs 590 crore committed by its employees and others in accounts held by the Haryana government.The stock plummeted 19.99% to Rs 66.85 – also its lower circuit limit –...

Mumbai, February 23 The fraud involving Haryana government accounts worth Rs 590 crore is the result of collusion between employees of IDFC Bank and external parties, its Managing Director and Chief Executive, V Vaidyanathan, said on Monday.In a specially convened call for investors and...

Chandigarh, February 22 The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank for government business with immediate effect, according to an official circular.No government funds will be parked, deposited, invested, or transacted through these institutions, it said...

New Delhi, February 18 The Institute of Chartered Accountants of India (ICAI) will release the Information Systems Audit Standards later this month.The Information Systems Audit Standards (ISAS) aim to strengthen the audit process within the country's digital ecosystem.The institute will be...

Amaravati, February 18 Andhra Pradesh is falling short of its revenue targets, achieving only 61 percent of the targeted Rs 2.18 lakh crore, while also exceeding its borrowing target by over Rs 10,000 crore, according to the CAG, even though the fiscal year 2025-26 is still two months away...