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MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease. The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at jus ...Read More >
Comptroller and Auditor General (CAG) report, tabled by chief minister Sukhvinder Singh Sukhu for the financial year 2024-25 pointed out that state's total debt and liabilities crossed the ₹1 lakh crore mark for the first time. Emphasising on the urgent need for stronger monitoring systems, timely compliance, and reforms to ensure financial discipline and effective governance in the state, the report reveals that the overall liabilities of the state stood at ₹1,04,410 crore as on March 31, 2 ...Read More >
New Delhi: VerSe Innovation has appointed P R Ramesh as an independent director on its board and named him chair of the audit committee, as the company looks to strengthen governance ahead of its next phase of growth. VerSe is the parent company of Dailyhunt, Josh, Magzter and NexVerse.ai. The company said Ramesh is a chartered accountant with more than 40 years of experience in financial oversight, corporate governance, regulatory advisory and board leadership. He is the former chairman of De ...Read More >
New Delhi: If you are planning a bank visit on April 1, do not be surprised if branches are shut. Across India, banks remain closed to customers on the first day of the financial year, not because of a festival or public holiday, but due to annual account closing. April 1 marks the beginning of the new financial year in India. However, for banks, it is reserved for closing accounts for the previous financial year (ending March 31) and preparing for a fresh accounting cycle. Why Banks Remain Cl ...Read More >
The Insolvency and Bankruptcy Board of India has suspended Hitesh Goel, an insolvency professional, for two years due to mishandlings during the insolvency process of Supertech Ltd and Nobility Estates. The decision followed his failure to disclose key details and meet procedural timelines, affecting stakeholders and homebuyers. The Insolvency and Bankruptcy Board of India (IBBI) has revoked Hitesh Goel's registration as an insolvency professional for two years. This decision comes after the IB ...Read More >
Accountant general (audit) releasing the CAG reports in Bhubaneswar on Tuesday. The Comptroller and Auditor General (CAG) of India has pulled up the Odisha government for inefficiency in revenue realisation from state public sector undertakings (SPSUs), leading to non-remittance of over Rs 5,000 crore. As per the latest CAG report on state finances for 2024-25, tabled in the Assembly on Tuesday, as many as 27 SPSUs failed to remit Rs 5,146.76 crore in dividends despite reporting profits, in vi ...Read More >
Bhubaneswar: Odisha's economy grew at a moderate rate of 11.40 per cent in 2024-25 compared to previous year, with Gross State Domestic Product (GSDP) rising to ₹8.90 lakh crore from ₹5.40 lakh crore in 2020-21, reflecting a compound annual growth rate of 13.30 per cent, according to the Comptroller and Auditor General's (CAG) State Finances Audit Report (Report No. 3 of 2026). Despite the steady economic expansion, the report cautioned that structural weaknesses in revenue mobilisation, expend ...Read More >
PR Ramesh, former chairman of Deloitte India, has joined VerSe Innovation, the parent company of news platforms Dailyhunt and the short-video app Josh, as an independent director, the company said in a statement on Tuesday. Key Responsibilities at VerSe At VerSe, Ramesh will also head the audit committee and will be responsible for overseeing financial reporting, internal controls, risk management, regulatory compliance, and audit functions. Strong Industry Experience He brings extensive exp ...Read More >
Bangalore (Karnataka) [India], December 15: In every generation, there are students who don't just want a degree -- they want a direction. A path that leads them beyond familiar boundaries and into the world of global finance, investment strategy, and leadership. For these aspirants, the Bcom CFA journey is far more than an academic choice; it is a statement of ambition. Also Read | Sajid Akram and Naveed Akram, the Gunmen Behind Bondi Beach Terror Attack, Identified As Father-Son Duo From Paki ...Read More >
PNN Bangalore (Karnataka) [India], December 15: In every generation, there are students who don't just want a degree -- they want a direction. A path that leads them beyond familiar boundaries and into the world of global finance, investment strategy, and leadership. For these aspirants, the Bcom CFA journey is far more than an academic choice; it is a statement of ambition. At JAIN (Deemed-to-be University)'s School of Commerce, this ambition finds its true home through the Bachelor of Commer ...Read More >
Mumbai: IndusInd Bank on Friday clarified that the reported accounting irregularities amounting to Rs 255 crore are not part of any new investigation. The bank stated that the matter had already been investigated in an earlier probe conducted by an independent external agency, whose report was submitted in April 2025. In a filing to the stock exchanges, the private sector lender stated that it has made all the necessary disclosures in this regard, and the same has appropriately reflected the re ...Read More >
PNNBengaluru (Karnataka) [India], September 29: In the world of accounting and finance, few names command as much authority as Miles Education. With 70,000+ alumni and global recognition, Miles has emerged as the undisputed leader in preparing candidates for the CMA Full Form-Certified Management Accountant credential. For aspirants, understanding and mastering the US CMA exam is not just an academic pursuit-it is the stepping stone to careers that cross borders, industries, and leadership level ...Read More >
PNNBengaluru (Karnataka) [India], September 27: In today's business landscape, where financial intelligence drives corporate decisions, the CMA course has emerged as one of the most powerful credentials for ambitious professionals. Miles Education, with its 70,000+ alumni and global reputation, has been at the forefront of preparing students to conquer the world of management accounting. The program doesn't just teach you theories-it transforms you into a leader who can navigate complex financia ...Read More >
Bengaluru (Karnataka) [India], September 27: In today business landscape, where financial intelligence drives corporate decisions, the CMA course has emerged as one of the most powerful credentials for ambitious professionals. Miles Education, with its 70,000+ alumni and global reputation, has been at the forefront of preparing students to conquer the world of management accounting. The program doesnt just teach you theories--it transforms you into a leader who can navigate complex financial lan ...Read More >
New Delhi [India], September 26 (ANI): The Comptroller and Auditor General of India (CAG), K Sanjay Murthy, on Friday addressed the Government Accounting Standards Advisory Board (GASAB) meeting and launched digital website initiatives, and the work of all the organised accounting services in GASAB reflects the commitment towards improving transparency in the Government Accounting and Standard-setting process, according to the official releaseThis was stated by the Comptroller and Auditor Genera ...Read More >
SEBI said SSSL diverted crores raised through a rights issue and created fictitious accounts New Delhi: The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and misleading shareholders with false disclosures. The order also imposes penalties and directs disgorgement of unlawful gains ...Read More >
Info Edge (India) Ltd., the parent of job portal Naukri.com, has launched an independent investigation after receiving a whistle-blower complaint alleging violations of company policies by employees in its real estate vertical, 99acres. In a regulatory filing, the company said its Audit Committee and Board of Directors had taken note of the allegations and appointed a reputed specialist law firm to conduct a comprehensive probe. The firm's assessment is ongoing. While the company did not disclo ...Read More >
New Delhi, Aug 28 (PTI) Audit committees at companies should ensure the independence of auditors, NFRA Chairperson Nitin Gupta said on Thursday, as he stressed the importance of good corporate governance practices. He also listed out various fundamental principles for sound financial reporting, including the key role of external auditors. The National Financial Reporting Authority (NFRA) has been taking steps to boost sound financial reporting practices and is also taking action against auditi ...Read More >
New Delhi, Aug 20 (PTI) Shares of Nazara Technologies tumbled nearly 13 per cent on Wednesday even as the company said it has no direct exposure to real money gaming (RMG) businesses. The stock of Nazara Technologies tanked 12.82 per cent to settle at Rs 1,221.65 apiece on the BSE. During the day, it dropped 15.97 per cent to Rs 1,177.45. Shares of Delta Corp, which tumbled 6.47 per cent to Rs 87.24 in intra-day trade, later bounced back and ended at Rs 93.83 each, up 0.59 per cent. OnMobile ...Read More >
New Delhi, Aug 20 (PTI) Gaming and sports media company Nazara Technologies Ltd on Wednesday said it anticipates no material adverse impact on its operating financial performance from the Promotion and Regulation of Online Gaming Bill, 2025. Nazara has no direct exposure to real money gaming (RMG) businesses, it said in a regulatory filing. Nazara stated that as per its latest reported financials for the first quarter of the fiscal year 2025-26 (Q1 FY26), the contribution to its revenues and E ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former chairman Kapil Wadhawan, his brother Dheeraj Wadhawan and four others from accessing the securities market for five years, and imposed a cumulative penalty of ₹120 crore on them for diverting company funds to entities linked to its promoters. The regulator has also prohibited Kapil and Dheeraj Wadhawan from serving as directors or key managerial personnel in any listed comp ...Read More >
VMPL New Delhi [India], July 11: A business loan can help fund daily operations, growth plans, or asset purchases for new or established businesses. Lenders assess eligibility based on business age, credit score, financials, and documentation. Strong credit history, stable income, and proper documentation increase your chances of loan approval. Understanding these requirements helps you prepare effectively for a business loan and avoid rejections. This article explains the key criteria Indian l ...Read More >
Srinagar, July 9: Chief Minister Omar Abdullah today chaired the Board meetings of Sher-i- Kashmir International Convention Centre (SKICC) and Jammu & Kashmir Tourism Development Corporation (JKTDC) after the Boards were reconstituted recently with Chief Minister as chairman of both the Boards. CM chaired back-to back board meetings here at SKICC Srinagar. He presided over the 19th board meeting of SKICC which was attended by Advisor to the Chief Minister Nasir Aslam Wani, Chief Secretary Atal ...Read More >
New Delhi: US short seller Viceroy Research on Wednesday released a report charging billionaire Anil Agarwal's mining conglomerate to be "financially unsustainable" and posing a severe risk to creditors, allegations which the group called "selective misinformation and baseless" aimed at discrediting the group.Viceroy said it was shorting the debt stack of Vedanta Resources, the parent company and majority owner of Mumbai-listed Vedanta Ltd, as it released the 85-page report.Shorting debt, also k ...Read More >
New Delhi: The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, owner of southern India-based India Cements, along with Dalmia Cement (Bharat) Limited (DCBL) and Shree Digvijay Cement and their executives to submit audited financial statements, including balance sheet and profit and loss account, within eight weeks of the order. The competition watchdog's direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following the co ...Read More >
New Delhi, July 5: The country's leading cement maker UltraTec, on Saturday said it is not under investigation by the fair trade regulator CCI over alleged contravention of competition norms in tenders floated by state-run oil major ONGC. "It is clarified that the Company is not under investigation in this Case No. 35 of 2020 before the Competition Commission of India ("CCI"). The company has neither received any order from the CCI in this case nor have the company's financials been sought by th ...Read More >
New Delhi: The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, owner of southern India-based India Cements, along with Dalmia Cement (Bharat) Limited (DCBL) and Shree Digvijay Cement and their executives to submit audited financial statements, including balance sheet and profit and loss account, within eight weeks of the order. The competition watchdog's direction came over a complaint filed by ONGC alleging cartelisation in its tenders. Following the co ...Read More >
New Delhi, July 4 (SocialNews.XYZ) The Competition Commission of India (CCI) has directed Aditya Birla Group company UltraTech, which owns India Cements, and two other cement manufacturing companies as well as their executives to submit financial documents, after its Director General's investigations revealed that these companies contravened competition norms by colluding in the tenders floated by public sector oil giant ONGC. The CCI had ordered an investigation after it received a complaint f ...Read More >
Hyderabad: National Chartered Accountants Day, or CA Day, is a yearly celebration on July 1 to honour the founding of the Institute of Chartered Accountants of India (ICAI) in 1949. This day is very important for the accounting and finance community in India because it recognises the vital role chartered accountants have in the country's economy and finance. This year marks the 76th anniversary of The Institute of Chartered Accountants of India (ICAI), which is the main authority for accounting ...Read More >
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