R Subramaniakumar, ex-MD and CEO of Indian Overseas Bank has been appointed as the administrator.
The CGST department has arrested four persons for allegedly making false input tax credit (ITC) claims causing loss to the exchequer to the tune of at least Rs 400 crore.
Other concerns are enhanced data analytics, changing demands and expectations of internal customers, and embracing new technologies, as pointed out by a survey that was conducted by Protiviti Member Firm for India
It was after McDonald's franchise Hardcastle Restaurants dragged the government to court over the issue of non-availability of credit, the question of paying higher tax and claiming ITC cropped up.
This is the second resignation of Deloitte in a quick succession. It had also quit from Vadilal Industries as its statutory auditors on November 15.
The panel constituted in September 2019 has also proposed revising provisions on disqualification of directors and reviewing provisions in respect of debarment of audit firms.
NDTV's auditors are of the view that there is a significant doubt on the ability of the company to continue as a going concern.
Grant Thornton India CEO Vishesh C Chandiok discusses the future of Audit in an exclusive interaction with ETCFO.
Banks will have to walk the balance between supporting the telecom industry while ensuring the maintenance of a healthy asset portfolio.
The rationalization of debt will be on the back of the operational efficiency and lower capex going forward, said the CFO.
It was one of India's original Dirty Dozen referred by the RBI to NCLT for resolution under IBC.
Landmark judgement has paved a way for a faster resolution going forward, says SBI MD.
The most disconcerting bit to economists was the fall in food consumption for the first time in decades.
A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta held the former Ranbaxy promoters guilty of contempt of court and said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malayasian firm IHH Healthcare was put on hold.
A company law panel is expected to recommend lower penalties—half of that levied on larger companies-—for startups, smaller entities, single-person companies and farmer producer organisations.
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