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STATUTORY AUDITOR
A double transition for corporate India: New accounting rules, new auditorsCompanies are preparing for the transition to Ind AS 118 which will impact financial statement reporting. Changes in statutory auditors coi...
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the lastWhen something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it ye...
A Rs. 48 crore profit on paper, a Rs. 231 crore loss in reality: How a debt ‘turnaround’ can be an accounting illusionA company struggling with losses suddenly reports a profit. Its financial position appears to improve, raising hopes of a turnaround. But w...
ICAI to issue guidance note for auditing multi-state cooperativesICAI will issue a guidance note for auditors of multi-state cooperative societies following the government's notification of the Multi-Stat...
Rs. 15 lakh crore of revenue, questioned by authorities – and the real worry was where the cash wentA company can report a loan, an advance, or an investment even after the cash has moved beyond its control. Sometimes the explanation is le...
Dixon has ₹1,110-crore PLI incentive pending; chairman’s son named executive directorIn an announcement, Dixon Technologies disclosed a notable receivable of ₹1,110.06 crore tied to the government's PLI scheme, which is stil...
ICAI to issue guidance note on new audit reporting framework for multi-state cooperative societiesICAI is set to release a guidance note on the new audit reporting framework for multi-state cooperative societies. The cooperation ministry...
Stocks in news: Reliance Industries, Eternal, IREDA, Yes Bank, Trent and Hindustan ZincIndian equity benchmarks experienced a decline as profit-booking occurred amid rising crude oil prices. The Nifty 50 dropped significantly,...
ESOP Muddle: 7 ways ESOPs are used to trick accounts, taking minority shareholders for a rideCompanies do not always pay employees through salaries and bonuses. Sometimes, they reward them with shares – or the right to buy shares at...
NPS investment in startups: AINPSEF writes to PM Modi seeking probe and asks for dissolution of NPS TrustManjeet Singh Patel has alleged serious financial irregularities concerning the National Pension System Trust. He has requested a high-leve...
ET Prime Special Series: Multibagger or IBC - Part 80: This auto ancillary has assets and cash to expand. Can it find demand?Eighty instalments into our weekly auto ancillary series, one thing is clear: The investment story of a component maker cannot always be un...
EPFO extends ECR deadline to October 31, 2026: Employers to get 16 more days to file employees’ EPF, EPS and EDLI dataThe EPFO has extended the September 2026 ECR filing deadline for employers from October 15 to October 31, following the increase in the PF ...
A simple accounting trick used by companies to manipulate net profit and take investors for a rideA company may report profits for years, only to reveal later that some figures were wrong. Accounting rules require companies to correct mi...
The auditor is no longer alone. There’s another intelligence in the roomAuditors are increasingly adopting artificial intelligence to enhance the efficiency and accuracy of audits in India. These technological a...
Jubilant FoodWorks shares fall 4% despite Q2 revenue growth of 12% YoYJubilant FoodWorks reported 11.9% YoY growth in consolidated Q2FY27 revenue to Rs 26,087 million, while standalone revenue rose 11.6%. Domi...
Honasa Consumer shares jump 7% as Q2 operating update points to strong growthHonasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the earl...
Honasa Consumer shares jump 7% as Q2 operating update points to strong growthHonasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the earl...
Axis Bank shares in focus after Q2 biz update shows 23% rise in gross advances to Rs 13.8 lakh croreAxis Bank reported a 22.7% YoY rise in gross advances to Rs 13.846 lakh crore in Q2, while total deposits grew 20.7% to Rs 14.521 lakh cror...
Kotak Mahindra Bank’s net advances climb 25% YoY to Rs 5.77 lakh crore; deposits grow 23% in Q2Kotak Mahindra Bank’s net advances rose 24.7% year-on-year to Rs 5,77,094 crore by September 30, 2026, while total deposits increased 23.2%...
Avenue Supermarts shares fall 4% despite 18% YoY revenue growth in Q2 updateAvenue Supermarts achieved an impressive 18.4% increase in year-on-year revenue for Q2, totaling Rs 19,206.18 crore. As of September 30, 20...