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AUDIT COMMITTEE APPROVAL
RBI proposes unified framework for banks' risk, compliance and audit functionsThe Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost go...- After Hauz Rani fire, Delhi authorities start acting against hotels for rule violationsAuthorities are inspecting hotels in Delhi for fire safety violations. This action follows a fire that killed 21 people. Hotels in areas li...
- Cabinet approves Rs 10,000 crore for ATF price stabilization fundThe Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund. This fund aims to protect airlines and pas...
- HDFC Bank shares drop 25% in 2026. Buying opportunity or falling knife?HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an intern...
- HDFC Bank shares fall 5% in two sessions; lender responds to recent Rs 45 crore differential payment reportHDFC Bank shares dropped for a second day following a report of an internal investigation into Rs 45 crore in payments disguised as marketi...
- PhysicsWallah to infuse Rs 120 crore in its fintech arm FinZ FinanceThe company will subscribe to 26.7 million fully paid-up equity shares with a face value of Rs 10 each and a premium of Rs 35 per share, Ph...
- HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest paymentsHDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Cor...
- HDFC Bank 'strongly' rejects Rs 45 cr payment route wrongdoingHDFC Bank has strongly denied media reports alleging wrongdoing. The bank stated its internal oversight, audit, and control systems are rob...
- Jaypee Golf Club members in Noida seek clarity as Adani takeover of JAL nearsJaypee Golf Club members face uncertainty as Jaiprakash Associates' insolvency nears conclusion. Members demand clarity from the Resolution...
- Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...
- Kishore & Rakesh Biyani fined for Future Retail disclosure lapsesSEBI has fined Kishore Biyani, Rakesh Biyani, and former CFO C P Toshniwal a total of ₹50 lakh for violating disclosure norms and related p...
- Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
- Audit watchdog to split disciplinary & probe functions, set up 4 divisionsThe National Financial Reporting Authority (NFRA) is restructuring its operations by creating separate wings for investigation and discipli...
- IndusInd Bank appoints Sunil Kumar Singh as chief compliance officerIndusInd Bank has appointed Sunil Kumar Singh as its new Chief Compliance Officer, effective April 30, 2026. Singh will succeed Sachin Pata...
- Lux Industries demerger: Mukul Agrawal-owned smallcap company announces three-way splitLux Industries' shares dropped over 7% following board approval for a business demerger. The move, stemming from a family settlement agreem...
- Windlas Biotech announces Rs 47 crore buyback at Rs 1,000/share; sets April 24 as record dateWindlas Biotech approved a Rs 47 crore share buyback at Rs 1,000 per share via the tender route, with April 24 set as the record date. The ...
- Audit firms wary as govt proposes to tighten rulesNew rules on auditor independence are causing worry among Indian audit firms. These changes could affect how audits are priced and limit ch...
- Sebi issues guidelines on internal audit mechanisms for mkt infra institutionsTo further strengthen the governance mechanism at market infrastructure institutions (MIIs), regulator Sebi on Monday released comprehensiv...
- Sebi's recent directive on 'minimum info' has inconsistencies, laughable: DamodaranCapital markets regulator Sebi's recent directive on minimum information has many inconsistencies and is "laughable", former Sebi chairman ...
- Govt allows omnibus approvals for related party transactionsAllowing more leeway for corporates, the government has allowed "omnibus approval" of related party transactions by companies' audit commit...
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