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...
accounting standards
coffee day enterprises ltd
companies act 2013
financial disclosure
financial misstatements
financialreportingfinancial statements
ind as
india
interest costs
k r mohan
lodr regulations
malavika hegde
penalty
regulatory compliance
s v ranganath
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...
2024 inspections
audit firms
audit inspections
audit lapses
companies act
financial audits
financialreporting
india
march 31
national financialreporting authority
nfra
regulatory oversight
sqc
standard on quality control
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...
auto parts
bajaj auto
electronic control units (ecu)
equity shares
europe
financialreporting
india
initial public offering (ipo)
offer for sale (ofs)
powertrain controls
public offering
sedemac mechatronics
three-wheeler vehicles
tvs motor company
two-wheeler vehicles
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...
ai washing
amarjeet singh
artificial intelligence
capital markets
financialreporting
greenwashing
information disclosure
intellectual capital
investor trust
market claims
market efficiency
narrative communication
purpose washing
sebi
value creation
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 –...
account management
au small finance bank
bank employees
banking sector
corporate governance
de-empaneled
financial crime
financial fraud
financialreporting
fraud
government accounts
haryana government
idfc first bank
india
stock market
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...
bank audits
bank deposits
bank profitability
bank recovery
bse (bombay stock exchange)
cheque transactions
current account deposits
employee dishonesty insurance
financial fraud
financialreporting
haryana government fraud
idfc first bank
investor relations
kpmg
savings account deposits
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...
account management
au small finance bank
bank accounts
banking regulations
banking sector
financial fraud
financial reconciliation
financialreporting
fixed deposits
fraud investigation
government funds
haryana government
idfc first bank
regulatory compliance
state government
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...
auditing
cloud hosting
digital ecosystem
enterprise resource planning
financialreporting
icai
india
information systems audit standards
prasanna kumar d
professional standards
revenue systems
system controls
technology-based processes
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...
Mumbai, February 16 The RBI on Monday issued draft guidelines for banks to report foreign exchange derivative transactions involving the rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.The Reserve Bank said it has...
New Delhi, February 15 Lodha Developers Ltd, a real estate firm, has acquired a 80 per cent stake in Pune-based Solidrise Realty for Rs 294 crore, as part of its expansion plan.Lodha Developers Ltd, based in Mumbai, is one of the leading real estate companies in the country. It sells...
delhi-ncr
equity stake
financialreporting
india real estate
land parcels
lodha developers
mumbai metropolitan region
mumbai real estate
net profit
property development
pune real estate
real estate acquisition
revenue
solidrise realty
subsidiary company
New Delhi, February 14 GMR Airports Ltd (GAL) saw its consolidated profit after tax decline by 14% to Rs 173.96 crore for the three months ending December 2025, which also included one-time expenses, including those related to the impact of the new labor laws.The company, which operates...
New Delhi, February 13 GMR Airports Ltd (GAL) reported a 14 per cent decline in consolidated profit after tax at Rs 173.96 crore for the three months ending December 2025, mainly due to higher expenses.The company, which operates airports in Delhi, Hyderabad, and a few other locations, had a...
New Delhi, February 13 TV Today Network reported a consolidated net loss of Rs 14 lakh for the December quarter of FY26 due to the impact of the new labor codes.The company had reported a net profit of Rs 8.73 crore in the October-December period a year ago, according to a regulatory filing...
bse
corporate finance
december quarter
earnings report
financialreportingfinancial results
fy26
india
labor codes
net loss
operating expenses
profitability
revenue decline
stock prices
tv today network
New Delhi, February 13 To promote ease of doing business, the markets regulator, Sebi, on Friday proposed additional relaxations to reporting norms for stock brokers, including exempting certain demat accounts held by brokers who are also primary dealers from tagging requirements.Furthermore...
account tagging
bank accounts
brokerage accounts
demat accounts
draft circular
financialreporting
india
primary dealers
public comments
regulatory compliance
reporting requirements
sebi
securities and exchange board of india
stock brokers
stock exchanges
Mumbai, February 13 India's foreign exchange reserves declined by USD 6.711 billion to USD 717.064 billion during the week ending February 6, the RBI said on Friday.In the previous reporting week, the kitty had jumped by USD 14.361 billion to a record high of USD 723.774 billion.During the...