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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.

Corporate

Dec 14, 2019, 10.33 AM IST

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Thomas Cook shares zoom 11% after corporate restructuring

Shares of the company jumped 10.48 per cent to Rs 169.15 on the BSE. ​

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  • "The government has taken multiple initiatives like easing FDI norms, to boost retail sector, which have led to an increase in retail activity by way of expansion of local chains and malls. The only way to create workforce for this industry is through apprenticeship," TeamLease Skill University said in the report.

    A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of assets of Bhushan Power and Steel Ltd (BPSL). The NCLAT has directed to list the matter on December 12 for the next hearing. The appellate tribunal was hearing a batch of petitions, against the attachment of BPSL assets.

    "Companies also may register themselves with the databank to search, select and connect with individuals who possess the right skills and attitude for being considered for appointment as independent directors," the ministry said in an official release said.

    Shares of Indian Oil Corporation were down by 0.23 per cent to Rs 125.70 apiece.

    Supreme Court monitored NRC exercise started in December 2013. The Office of Accountant General (Audit) had submitted to State Coordinator, NRC the inspection report of the office of State Coordinator, NRC for the period April 1, 2014 to December 3, 2017 with a request to furnish reply to the Inspection Report within one month.

    The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).

    Thakur also clarified that corporates could now count contributions towards designated technology incubators and contributions to public funded universities, Indian Institutes of Technologies (IITs), national laboratories and autonomous bodies engaged in research as part of their CSR expenditure.

    Volatility indicator India VIX punged 9.78 per cent to below 13 level.

    Buy Power Finance Corporation Ltd. at a price target of Rs 125.0 and a stoploss at Rs 114.9 from entry point.

    For us (India) to achieve the goal of USD 5 trillion economy by 2024-25, and USD 10 trillion by 2030, we need to press the paddle on structural reforms, Chief Economic Adviser K V Subramanian said and explained the host of measures that the government has taken in recent times.

    The indices will have a base date of November 29, 2019 and a base value of 1,000.

    The Reserve Bank of India on Thursday maintained the status quo on policy rates in its fifth bi-monthly monetary policy review of the financ...

    The Reserve Bank of India justified its decision to pause its policy rate action by maintaining the repo rate at 5.15 per cent. This was not in line with the market consensus which expected a 25 bps (one bps is 0.01 per cent) reduction of the benchmark policy repo rate by the central bank. Spike in inflation was one of the main reasons for not doing so.

    For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produce in open market. "The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines," the Coal Ministry said in a statement. This was the result of the auction conducted by the Centre last month.

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