NEW DELHI: The Institute of Chartered Accountants of India (ICAI) is working with regulators to develop an early-warning mechanism to prevent scams and frauds before they occur with an initial focus on listed companies, a senior executive of ICAI said on Wednesday.Charanjot Singh Nanda, president of ICAI, told reporters that key stakeholders, including Sebi, NSE,…
BENGALURU: Even as the Indian IT sector looked forward to improved trade clarity by August, potentially boosting US consumer spending, the announcement of 25% tariffs threatens to dampen sentiment and curb discretionary spending, which was only beginning to show signs of recovery.The firms’ lacklustre performance was attributed to weak macroeconomic conditions, cautious client sentiment, and…
Tata Trusts, the largest shareholder of Tata Sons, has directed chairman N Chandrasekaran to initiate a dialogue with minority shareholder Shapoorji Pallonji Group to provide them with an exit from the holding company of the $180-billion Tata Group. This is the first time Tata Trusts has formally directed Tata Sons to work out an exit…
MUMBAI: Mahindra & Mahindra on Wednesday posted a 24% year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period. Source link
NEW DELHI: As President Trump threatened to impose a penalty on India for its trade ties with Russia, Indian officials reacted cautiously as they reiterated India’s position that securing energy needs of the Indian people is the overriding priority.A source, speaking on condition of anonymity, said India is buying oil not because it wants to…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) Wednesday said it has had 263 ‘findings’ (lapses found during audits) across eight airlines in the last one year. Among big airlines, 51 ‘findings’ were at Air India, followed by 25 at Air India Express and 23 at IndiGo.Of the total 263, 19 were level one…
Federal Reserve Chairman Powell maintains that additional data regarding tariff impacts on inflation and economic conditions is necessary before implementing any policy changes. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments…
Apple’s ambitions to make India a major export hub for iPhones may face a serious blow following US President Donald Trump’s decision to impose a 25% tariff on all Indian goods starting August 1, along with an unspecified penalty. The move, announced o Wednesday, amid growing restrictions from China on the supply of crucial electronic…
Trump’s tariffs on India appear to be a clear case of putting pressure on India to finalise a deal that would favour America. US President Donald Trump’s fresh 25% tariff rate on India has raised an important question – what’s next for trade talks between the countries? Is India stuck with a 25% tariff rate…
NEW DELHI: Tightening norms to make e-rickshaws and e-carts safer and to ensure that they comply with quality standards, the govt will make it mandatory for all manufacturers to undergo audit of their production facilities, with the latter being required to maintain proper quality control over their products from April next year.Grant of type approval…