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FINANCIAL REPORTING AUTHORITY
Technology can't substitute professional judgement, audit quality responsibility lies with auditor: NFRAThe National Financial Reporting Authority has introduced new principles for technology adoption by auditors. These guidelines promote the ...- Nike shoe scam exposed: 12 charged as insiders and resellers allegedly diverted $2 million worth of footwear using fake UPS labels across the USFederal prosecutors have charged twelve individuals in a cargo theft scheme. This operation allegedly diverted over two million dollars wor...
- Global Market: South Korea accelerates tougher ETF trading rules to curb market volatilitySouth Korea has advanced stricter trading rules for retail investors in single-stock leveraged ETFs, requiring a 30 million won cash deposi...
- Canada study permit refusals often come down to paperwork, not moneyApplyBoard's analysis of 2,812 Canadian study permit decisions suggests many students are refused not because they lack funds, but because ...
- Global Market: US urges BOJ to keep raising rates, flags persistent yen weakness despite narrower yield gapThe US Treasury Department has urged the Bank of Japan to continue raising interest rates. This action aims to control inflation expectatio...
- Regulator warns insurers against deep discounts on fire risk coverThe insurance regulator has flagged aggressive underpricing in fire insurance, with discounts of up to 99% on large industrial risks, warni...
- 'Massive conflict of interest' if airport operators allowed to own airlines: IndiGo MD Rahul BhatiaIndiGo's Rahul Bhatia stated airport operators owning airlines creates massive conflict of interest. He noted this situation lacks global p...
- Punjab & Sind Bank hopes to surpass Rs 1,000 crore recovery target in FY27Punjab & Sind Bank anticipates exceeding its recovery target for the current fiscal year. The bank is actively reducing non-performing asse...
- Explainer: How the Clarity Act could transform crypto regulation in the USU.S. Senate Republicans have introduced the long-awaited Clarity Act, a landmark bill aimed at creating a comprehensive regulatory framewor...
- House panel seeks time up to Aug 13 to submit report on corporate laws billA joint parliamentary committee has requested more time to review the Corporate Laws Amendment Bill. This extension means the bill's presen...
- ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...
- HUL ordered to pay Rs 50,000 after customer receives 70g instead of 90g Surf Excel pouchHindustan Unilever Limited faced liability for an underweight Surf Excel detergent pouch. A consumer had purchased a packet that was signif...
- China considers tighter export controls on AI models and chipsRegulators led by the China's Ministry of Commerce (MofCom) have been consulting leading domestic AI and chipmaking groups on how to prev...
- Global Market: China's securities regulator to meet market participants as state-backed investors step in to support stocksChina's securities regulator will meet market participants to discuss equity market stabilization. State-backed investors are also buying s...
- JPC weighs key changes to Corporate Laws Bill, reviews AIF-to-LLP conversion and CSR normsA parliamentary panel is examining changes to corporate law amendments. Investors may become partners in newly formed LLPs instead of trust...
- Death toll from Venezuela's twin earthquakes rises above 5,000 as IMF announces emergency fundsVenezuela's death toll from twin earthquakes now exceeds five thousand. The International Monetary Fund has provided emergency financial su...
- Trump administration weighs $100,000 bond for some green card applicantsThe Trump administration is considering a $100,000 bond for some green card applicants. This proposal aims to ensure immigrants can financi...
- AIS now includes foreign assets, income dataThe Income Tax Department now shows foreign asset details in annual statements. This move aims to improve voluntary tax compliance for elig...
- Global Market: South Korea to unveil new measures for single-stock leveraged ETFs amid volatility concernsSouth Korea's Financial Services Commission (FSC) is set to introduce new measures for single-stock leveraged ETFs as it steps up efforts t...
- Bangladesh seizes $6.2 bn in assets tied to ousted PM Sheikh HasinaSince Hasina was toppled in a student-led mass uprising in 2024 and fled to India, authorities have investigated the former prime minister'...
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