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The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
LIC shares slip after Sebi's crackdown on Rajesh Exports. What's the connection?Regulator Sebi has issued an interim order against Rajesh Exports and its promoter, Rajesh Mehta. The company faces allegations of signific...
Kerala's liabilities top Rs 5 lakh crore; pending dues near Rs 49,000 croreKerala faces a severe fiscal challenge. Total outstanding liabilities have surpassed Rs 5.07 lakh crore. Unpaid dues and deferred payments ...
Rajesh Exports shares hit 5% lower circuit after Sebi says 97-99% revenue inflation. Check key detailsSebi has issued an interim order against Rajesh Exports and promoter Rajesh Mehta, alleging extensive financial irregularities and possible...
Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from tradingRajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible rev...
IndusInd Bank faces fresh whistleblower allegationsThe new complaint alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial ...
Curbs on ads by accounting firms lifted: ICAIThe Institute of Chartered Accountants of India has updated its ethics code. This allows chartered accountants and their firms to advertise...
Mining turns India's heat-shield hills to dustDizzyingly deep pits from large-scale mining scar India's ancient Aravalli mountains, threatening the future of a forested buffer that New ...
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...
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...
Investor group urges SEC to scrutinize SpaceX IPO filing, avoid conflictsAn investor group urged the SEC to scrutinise SpaceX's disclosures ahead of its planned record-breaking IPO, citing concerns about financia...
IndusInd's ex-CFO files Rs 70-cr suit over wrongful terminationFormer IndusInd Bank CFO Gobind Jain has filed a ₹70-crore lawsuit against the bank in the Bombay High Court, alleging wrongful termination...
KPMG to exit US federal audit businessBig Four firm KPMG is leaving its federal government audit work. The company will move over 450 U.S. staff to new roles. This follows a los...
PwC Hong Kong to pay Evergrande shareholders HK$1 billion in compensation, SFC saysPricewaterhouseCoopers LLP will pay HK$1.3 billion in fines and compensation to settle investigations into its auditing of collapsed proper...
Electricity likely to cost more in Delhi; APTEL orders to start liquidation of discom dues in 3 weeksDelhi's electricity bills are set to increase. The Appellate Tribunal for Electricity has ordered the Delhi power regulator to start recove...
ICAI expands mandatory applicability of audit quality evaluation matrixThe Institute of Chartered Accountants of India is expanding its audit quality model. This now includes firms auditing subsidiaries of list...