NEW DELHI: Citing multiple accounting lapses, audit watchdog National Financial Reporting Authority (NFRA) on Tuesday proposed aligning a key accounting standard with global norms, which has been resisted by a powerful lobby of chartered accountants. NFRA has argued that it is important to converge SA600, fixed 22 years ago, with the global standard to ensure…
Sukanya Samriddhi Yojana latest guidelines: The Department of Economic Affairs, under the Finance Ministry, has recently released updated guidelines to address irregularities in small savings accounts opened under the National Savings Scheme (NSS).If you have a Sukanya Samriddhi Yojana account, then it is important to know the latest guidelines for Sukanya Samriddhi Accounts that investors…
Public holiday on September 18, 2024: The Reserve Bank of India (RBI) has announced that there will be no trading activities in various financial markets, including government securities, foreign exchange, money markets, and rupee interest rate derivatives, on September 18, 2024. This decision comes after the government of Maharashtra declared the day as a public…
MUMBAI: Bowing to pressure from agitating employees, markets regulator Sebi on Monday did an about turn, withdrawing its Sept 4 press release in which, among other things, it had blamed “external elements” for a spate of agitations by a part of its employees and argued that entry level salaries at the regulatory body, estimated at…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that Sebi chairperson Madhabi Puri Buch and her husband have been answering some of the allegations and both are defending themselves and are putting out facts to contradict those that are being alleged by the Congress party.“So, I think the facts have to be taken on…
CHENNAI: Nearly 120 Samsung Electronics employees were detained by the Tamil Nadu police on Monday for attempting to march to the district collector’s office in Kanchipuram, near Chennai, to demand union recognition, wage revision talks and better working hours. Workers at the company’s Sunguvarchatram plant have formed the Samsung India Employees Union and tried to…
MUMBAI: The new external members of RBI‘s monetary policy committee, who are likely to be appointed by govt this month, are set to face new risks to growth – evident in macroeconomic numbers.RBI governor Shaktikanta Das noted some external risks to growth in a recent speech at a Bretton Woods event in Singapore. Besides Das,…
MUMBAI: Refuting Gaurishankar Kalyani’s claims on their late mother Sulochana Kalyani’s will, Baba Kalyani, the chairman of Bharat Forge, said Monday that the will was made when Sulochana was staying with Gaurishankar and his family at their residence— Parvti Niwas—, in Pune.Gaurishankar had alleged that Baba coerced their mother into making a will in his…
CHENNAI: Around 100 Samsung Electronics employees were detained on Monday by police as they planned a march to the district collector’s office in Kancheepuram, near Chennai. Several workers in the company’s factory at Sunguvarchatram in Kancheepuram district of Tamil Nadu have been on strike for about a week.They earlier announced a march to the collector’s…
Bajaj Housing Finance IPO Listing: The highly anticipated Bajaj Housing Finance IPO has generated a fear of missing out (FOMO) among investors, as the stock not only debuted with an impressive 114% premium but also gained an additional 9% post-listing.With a current market valuation of Rs 1.36 lakh crore, Bajaj Housing shares now trade at…
