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STATE PSU AUDITS
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...
- 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...
- Unplug dead PSUs PS bureaucratic zzzIndia's government struggles to close ailing state-owned companies. Bureaucratic hurdles and complex asset sales delay closures. This ties ...
- India reviews plan to exempt firms with turnover under Rs 1 crore from statutory auditsThe government is deliberating on a new proposal aimed at relieving small enterprises from the requirement of undergoing mandatory audits. ...
- CAG sets up dedicated unit to speed up state PSU auditsThe Comptroller and Auditor General of India (CAG) is establishing a dedicated unit to audit approximately 1,600 state public sector undert...
- EVMs, VVPATS designed, manufactured indigenously by 2 PSUs: GovernmentResponding to a question on whether the government has purchased EVMs and EVM technology from foreign countries, Law Minister Kiren Rijiju ...
- Health insurance eating into PSU companies' profits: CAGThe audit found that losses from the health insurance business of public sector insurers have either wiped out, or decreased, the profits o...
- J&K budget utilisation 27% less in 2020-21: CAGThe CAG recommended that the government should explore ways to minimise its committed expenditure so that more funds could be made availabl...
- CA firms sue RBI after getting replaced as auditors of Allahabad BankA petition in the Gujarat High Court has been filed by Kiransinh Chavda, who is convenor of Chartered Accountants Association (CAA) and als...
- Coal India approves second interim dividend of Rs 5.85The date of payment of second interim dividend for 2018-19 is on and from March 29.
- PNB scam raises questions over safety systems of banksWhile a private sector bank would have one or two auditors, the number runs into hundreds for state-run lenders.
- CAG not factoring project delays if decision is not taken: RILWhile government/PSU procedures focus on piece meal & individual tenders taken on standalone basis, avoiding delays and cost of not doing t...
- Reliance Industries: CAG exceeded its brief; used hindsight to question decisionRIL has accused CAG of exceeding its audit brief in audit of spending on eastern offshore KG-D6 block saying hindsight is being used to que...
- FM P Chidambaram asks banks to initiate penal action against wilful defaultersGovernment has asked state-owned banks to crack the whip on wilful defaulters and initiate penal proceedings against them.
- Spectrum cost and expansion delays to pull down BSNL revenueBSNL is likely to announce a substantial revenue loss in 2010-11 mainly due to payment it made for buying 3G and BWA spectrum.
- Blue-collar corporate A/Cs to plug leakagesThe employment guarantee scheme may soon leave the swindlers jobless. Banks, PSU and private, will soon host the salary accounts for the Na...
- Govt works out formula with CAG to expedite PSE auditsGovt has worked out a formula with CAG to expedite PSE audits & complete the process in a time-bound manner.
- Govt to bid for HCL by month-endClose on the heels of firming up transaction documents for privatisation of Hindustan Copper, the government will await finalisation of aud...
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