financial reporting

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...

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...