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Govt puts some of country's top audit firms on its watch list

The audit regulator seeks info on audit processes, number of clients, non-audit work done for them and fees.

Amway India

Dec 14, 2019, 09.46 AM IST

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Procter & Gamble India tests Ecomm waters

P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”

From 'Make in India' to 'Rape in India': Rahul Gandhi attacks Modi govt over crimes against women

Congress leader Rahul Gandhi launched a sca...

NEC targets $1B revenue in India, set for 5G trials

“Right now, we are at $400 million and look forward to increasing that to $1 billion in f...

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  • "In Delhi, the entire process will take around three months where enumerators will survey around 45 lakh establishments and households," Central Statistics Office Director General (Social Statistics) A K Sadhu said after flagging off the survey for Delhi.

    In September, the exports of services were worth USD 17.54 billion and the imports were of the order of USD 11.10 billion, showed the RBI data on India's International Trade in Services.

    Growth could be hit as demand has cooled with slow employment growth impacting consumption, co expects 6.6% for ’20 and 6.7% in ’21.

    The National Antiprofiteering Authority (NAA) has also directed the company to reduce prices ‘commensurately’ and mandated that the Director General Anti-Profiteering (DGAP) issues a showcause notice seeking explanation on why the penalty should not be applied. The DGAP has been directed to furnish compliance report in four months.

    With the annual Japan-India summit scheduled to start on Sunday, the government is yet to ‘officially’ finalise the venue. While a final call on moving it away from Assam has not been taken, officials said latest assessment of the security situation would be taken into consideration.

    External Affairs Minister S Jaishankar and Maldives Foreign Minister Abdulla Shahid signed agreements between the two countries. Memorendums...

    State Bank of India was first to announce 10 bps cut in MCLR last week after Reserve Bank of India Governor Shaktikanta Das exuded confidence that previous policy rate cuts would translate into banks lowering lending rates even as the central bank kept repo rate unchanged in the last monetary policy.

    By 2020, the potential market for design in India is expected to be Rs 188.32 billion. The number of designers required by 2020 in India’s industrial, graphic, communication, packaging and other design domains is potentially 62,000. There are around 7,000 qualified desginers in India with perhaps 5,000 studying design,” says expert.

    Nomura expects that growth in major global economies may weaken in 2020, like US growth may slip from 2.3% to 1.8%, China (6.1% to 5.7%), the euro area (1.2% to 0.9%) and Japan (1.0% to 0.2%). This will be offset by a handful of smaller EMs – Brazil, Mexico, India, Turkey and South Africa – rebounding from tepid growth in 2019.

    In addition, ICE ( internal combustion engine) vehicles will also co-exist and will not be phased out. Compare this to his bold announcement a couple of years prior of India’s automobile industry needs to go all electric by the year 2030, an announcement which sent auto OEMs back to the drawing board as they scrambled to put in place their respective EV blueprints.

    K Madhavan, former head of Asianet, the Malayalam entertainment network that Star India acquired, is an old hand at Star. In 2016 reshuffle, when Star India divided business under 5 different verticals – Madhavan was named managing director – South. India chairman Uday Shankar to directly oversee Hotstar.

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