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INVENTORY DISCREPANCIES
Aluminum’s war shock blunted by dark transits and Chinese supplyThe Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices su...- CAG points to inventory handling lapses at SAILThe Comptroller and Auditor General (CAG) has revealed significant discrepancies in Steel Authority of India Limited's (SAIL) inventory man...
- CAG flags financial loss due to SAIL's poor inventory management from 2016-23The Comptroller and Auditor General (CAG) of India has identified significant discrepancies in SAIL's inventory management from 2016 to 202...
- Ramkrishna Forgings shares fall on disclosure of inventory discrepanciesThe company’s promoters on Monday pledged to step in and fund any shortfall, helping cushion the blow. “Our priority at this moment is to e...
- ‘Future-dated’ mushrooms in Zomato's Hyderabad warehouse? CEO Deepinder Goyal says it’s just a ‘typing error’An inspection at Zomato's Hyderabad Hyperpure warehouse found mislabeled mushrooms and hygiene issues. Zomato CEO Deepinder Goyal clarified...
- The curious case of 3,00,000 missing cars: It is automakers vs dealers in inventory mysteryCarmakers and dealers are grappling with inventory levels amid slowing demand in India. The Federation of Automobile Dealers Associations (...
- Corporate affairs ministry bats for effective cost audits to curb corporate fraudsCorporate Affairs Ministry highlights the importance of cost audits in preventing manipulation by companies, such as misleading banks and e...
- The Lean Inventory Illusion: A Closer Look at India's Auto Supply Chains
- PAC asks Defence Ministry to take strict action against those causing procurement delaysA parliamentary panel has advised the government to address the issue of a substantial volume of "non-moving" items. The panel recommended ...
- European shares flat as Volkswagen, Aurubis offset energy boostThe oil and gas sector added 1.6% as crude prices rose due to tightening supplies and expectations that the OPEC+ group of oil producers wo...
- MahaRERA cautions homebuyers against 308 projects facing insolvency proceedingsThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has alerted homebuyers to over 308 real estate projects that are under insolven...
- Pricewaterhouse raised issues with GoMechanic’s operations in its FY20 auditPricewaterhouse audited financial statements of GoMechanic only for the 2020 fiscal year, following which it was replaced by BSR & Co, an a...
- Goldman cuts India's growth estimate; Morgan Stanley sees downside risksGoldman Sachs cut India's full-year 2022 GDP growth forecast to 7% from 7.6% and also lowered the current fiscal year estimates by 20 basis...
- Government puts in place stricter reporting norms for auditorsThe govt has asked auditors to highlight any lapses of cos on multiple areas, including those related to frauds, internal control, inventor...
- Qatar's Hassad Food files FIR against Delhi's Bush FoodsHassad Food, an investment fund owned by the Qatar Investment Authority, has alleged that it invested around Rs 750 cr in Bush Foods in Apr...
- Electronics companies like Sony, Samsung, Panasonic and others track store sales to stop resale of productsConsumer electronics and smartphone makers have started restricting supplies to retailers and resellers and tracking their sales and invent...
- TAM data release suspended for next two monthsTV ratings measurement agency, TAM, will not release its ratings for the next two months in order to avoid discrepancy of data arising out ...
- Lenders see discrepancies in Bharati Shipyard booksLenders to Bharati Shipyard have noticed a discrepancy in the value of inventory on the company's books, though this is unlikely to prevent...
- Cognizant deploys merchandise platform for REDTAG groupNasdaq-listed IT firm Cognizant today announced he deployment of a comprehensive merchandise planning platform for the REDTAG Group.
- Subex TrueSource to up mobile operators’ operational efficiencySubex on Tuesday announced that its data integrity management solution, TrueSource, now has enhanced capabilities to help mobile operators ...
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