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INDIAN AUDITORS
From Rs 75 in cash to the Lok Sabha spotlight: The obscure party at the centre of the TMC rebellionAn unknown political party, the Nationalist Citizens Party of India, is now central to national politics. Twenty Trinamool Congress MPs ann...
Grid India seeks steering panel for market couplingGrid India suggests a steering committee for power market coupling. This body would include CERC, Grid India, and power exchanges. The move...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Inside Zepto’s IPO filing — the key takeawaysQuick commerce platform Zepto has filed its updated draft papers for public listing, revealing detailed financials and operational metrics....
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unitIndian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary fi...
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...
Warren Buffett on how CEOs manipulate earnings – and how to spot itWarren Buffett compared modern corporate accounting to a golfer who turns in a score of 140 in his first round (thanks to fake bogeys), and...
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 ...
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...
Delhiites can now hire private fire auditors for fire safety certificatesDelhi's fire safety clearance process is set to become faster with the introduction of a third-party fire audit system. This comes after a ...
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
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...
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
India's urban transformation must be backed by accountability: CAG at BRICS SAI SummitDuring the BRICS Summit in Bengaluru, K Sanjay Murthy, India's chief auditor, emphasized the urgent call for heightened accountability in u...
Delhi to add 13 more air quality monitoring stations this yearDelhi is set to receive 13 new air quality monitoring stations this year. The Delhi Pollution Control Committee is developing 10 of these, ...
CAG conducting special audit of 101 cities to assess ease of living, says MurthyIndia is auditing 101 cities to understand citizen ease of living. The Comptroller and Auditor General is also examining transport and logi...
Auto industry faces ₹25,000 crore profit hit in FY26 due to end-of-life vehicle rulesIndia's automotive sector is gearing up for a stormy fiscal forecast. Stricter environmental regulations, retroactive to previous vehicle s...