Search result for 'lapses'

Indian Billionaires' Wealth Hits $1.3 Trillion, Adani Tops Gainers

March 27, 2025 16:22

India's 284 billionaires hold wealth equivalent to a third of the country's GDP, with Gautam Adani seeing the largest wealth gain. Read about India's billionaire landscape.

IndusInd Bank Shares Plunge 5% on Accounting Discrepancies

March 25, 2025 17:17

IndusInd Bank shares plummeted over 5% after reports of accounting discrepancies in its derivatives portfolio. PwC's report is expected to reveal the extent of the issue and the bank's losses.

PwC to Submit IndusInd Bank Accounting Discrepancies Report

March 25, 2025 12:23

External auditor PwC is set to submit a report on accounting discrepancies in IndusInd Bank's derivatives portfolio, potentially impacting the bank's net worth. The report is expected to highlight...

DIC India Settles Sebi Disclosure Violation Case for Rs 34.32 Lakh

March 24, 2025 19:18

DIC India has settled a Sebi case for Rs 34.32 lakh related to disclosure violations, including failure to disclose senior management changes and remuneration details.

IndusInd Bank Investigates Accounting Discrepancies

March 21, 2025 10:40

IndusInd Bank appoints a firm to investigate accounting discrepancies in its derivatives portfolio, impacting 2.35% of net worth. The bank is assessing the impact and identifying the root cause.

IIHL Takes Control of Reliance Capital, New Board Appointed

March 19, 2025 18:44

IndusInd International Holdings Ltd (IIHL) has taken control of Reliance Capital, completing a three-year resolution process. The company plans to establish bancassurance ties and implement...

IIHL Completes Reliance Capital Acquisition: Management Transfer on Wed

March 18, 2025 19:40

IndusInd International Holdings Ltd (IIHL) has completed the acquisition of Reliance Capital (RCAP), with management transfer scheduled for Wednesday. The transaction involved transferring the...

RBI Directs IndusInd Bank to Complete Remedial Action

March 15, 2025 13:43

The Reserve Bank of India has directed IndusInd Bank to complete remedial action this quarter after a discrepancy of Rs 2,100 crore was found in its accounting. RBI assures that the bank's...

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

March 13, 2025 22:18

The ICAI may review IndusInd Bank's financial statements after discrepancies in accounting to the tune of Rs 2,100 crore were found. The bank's derivatives portfolio is under scrutiny for a...

HDFC Mutual Fund Increases IndusInd Bank Stake to 5%

March 13, 2025 20:26

HDFC Mutual Fund has increased its stake in IndusInd Bank to over 5%, buying 15.92 lakh shares despite recent accounting discrepancies. This comes after IndusInd Bank disclosed a Rs 2,100 crore...

NCLT Extends Deadline for Reliance Capital Transfer to IIHL

March 12, 2025 19:32

The National Company Law Tribunal (NCLT) has given an additional eight days to complete the ownership transfer of Reliance Capital (RCAP) to IndusInd International Holdings Ltd (IIHL). The...

IndusInd Bank Hit by Rs 2,100 Cr Accounting Lapse: Shares Tank 27%

March 11, 2025 17:42

IndusInd Bank reports a Rs 2,100 crore accounting discrepancy in its derivatives portfolio, impacting its net worth. The bank assures adequate reserves but shares plummet 27%.

USFDA Cites Granules India for Manufacturing Lapses

March 9, 2025 13:00

The USFDA issued a warning letter to Granules India for violations at its Telangana plant, including contamination issues, inadequate maintenance, and improper record-keeping.

Air India Fires Trainer Pilot After Whistleblower Claims

March 5, 2025 18:49

Air India has terminated a trainer pilot and removed 10 pilots from flying duties after a whistleblower alleged lapses in simulator training. The airline is investigating the matter.

HC Stays FIR Against Ex-Sebi Chief Buch, 5 Others

March 4, 2025 12:39

The Bombay High Court stayed a special court's order directing an FIR against former Sebi chairperson Madhabi Puri Buch and 5 others for alleged stock market fraud and regulatory violations.

Sebi Chief Madhabi Puri Buch Faces FIR Over Stock Market Fraud

March 2, 2025 16:04

A special court has ordered an FIR against former Sebi chairperson Madhabi Puri Buch and 5 others for alleged stock market fraud and regulatory violations. The court found prima facie evidence of...

NGL Fine-Chem Settles Sebi Disclosure Lapse Case - Rs 92.21 Lakh Paid

February 26, 2025 14:50

NGL Fine-Chem and its promoters have settled a Sebi case regarding shareholding disclosure violations, paying a total of Rs 92.21 lakh. The case involved incorrect disclosures of shareholding...

Sebi Fines Indian Clearing Corporation Rs 5.05 Cr for Lapses

February 25, 2025 20:33

Sebi has penalized Indian Clearing Corporation Ltd (ICCL) with Rs 5.05 crore for non-compliance with cyber security and disaster recovery frameworks. The regulator found ICCL's backup systems were...

USFDA Issues Warning Letter to Jagsonpal Pharmaceuticals

February 23, 2025 11:45

The USFDA has issued a warning letter to Jagsonpal Pharmaceuticals for significant manufacturing lapses at its Rajasthan-based API plant. The letter details violations related to Current Good...

Sebi Bans Two Portfolio Managers for Net Worth Breach

February 17, 2025 21:19

Sebi barred Scient Capital and DGS Capital Management from onboarding new clients after they failed to maintain the minimum net worth of Rs 5 crore as mandated under the portfolio managers rules.

ICICI Securities Settles Sebi Case for Rs 80.4 Lakh

February 14, 2025 20:50

ICICI Securities has paid Rs 80.4 lakh to settle a case with Sebi for alleged violation of stock broker rules and market norms. The case stemmed from a joint inspection by Sebi and NSE in September...

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

February 14, 2025 19:32

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are...

National Peroxide Settles Sebi Case for Disclosure Lapses

February 11, 2025 21:37

National Peroxide Ltd has settled a case with Sebi for alleged disclosure lapses related to a scheme of arrangement. The company paid Rs 9.4 lakh to resolve the matter.

NFRA Fines Auditor for Lapses in Religare Finvest Case

February 3, 2025 18:22

The National Financial Reporting Authority (NFRA) has penalized an auditor for failing to detect fraud and comply with audit rules in the Religare Finvest case. The auditor was barred from taking...

Ethical Standards: Dhankhar Urges CA Self-Regulation

February 2, 2025 23:13

Vice President Jagdeep Dhankhar calls for stricter ethical standards in the CA profession, warning against placatory stances and highlighting the importance of self-regulation.

Chartered Accountants Need to Innovate: Rajnath Singh

January 31, 2025 17:44

Defence Minister Rajnath Singh urges chartered accountants to innovate and adapt to stay ahead of the curve, emphasizing the need for integrity and accountability in the changing landscape of...

Budget Wishlist: Telecom Industry Seeks Relief

January 20, 2025 19:03

Telecom industry seeks budget relief, including levy cuts, loss carry forward extension, and contributions from large traffic generators to Digital Bharat Nidhi Fund.

DGCA Warns Akasa Air Over Dangerous Goods Handling

January 14, 2025 18:46

India's aviation regulator, DGCA, has issued a warning letter to Akasa Air for lapses in handling dangerous goods, including lithium batteries. The airline has been ordered to conduct internal...

NFRA to Issue Papers for Improved Audit Quality

January 12, 2025 14:43

NFRA plans to release papers with questions to enhance auditor-audit committee interactions, aiming to improve audit quality and corporate governance.

Nusli Wadia, Sons Settle Sebi Disclosure Lapses Case - Rs 2.12 Crore Paid

January 10, 2025 18:03

Industrialist Nusli Wadia, his sons, and others have settled a disclosure lapses case with Sebi after paying Rs 2.12 crore. The case involved violations of securities market norms by Bombay Burmah...

Akasa Air Pilots Seek Probe into Hiring Practices

January 9, 2025 22:27

A section of Akasa Air pilots has written to the civil aviation ministry alleging rostering issues, hiring practices, and other lapses. The pilots have requested an investigation into the airline's...

Akasa Air Appoints Belson Coutinho as COO

January 7, 2025 12:25

Akasa Air has appointed its co-founder and marketing veteran Belson Coutinho as its Chief Operating Officer. Coutinho previously served as the airline's CMO and CXO. The appointment comes at a...

DGCA Suspends Akasa Air Pilot for Lapses

January 6, 2025 21:29

The DGCA has withdrawn the Line Training Captain approval of an Akasa Air pilot for lapses in landing a passenger aircraft, including a hard landing. The pilot has also been ordered to undergo...

NFRA Audit Flags Shortcomings in CA Firm MSKA & Associates

January 2, 2025 22:23

The National Financial Reporting Authority (NFRA) has identified lapses in audit quality inspections of MSKA & Associates, highlighting concerns regarding governance, independence, and...

Akasa Air Pilots Seek DGCA Audit Over Training Issues

December 29, 2024 11:25

A section of Akasa Air pilots seeks a DGCA audit over alleged training issues, following suspension of two senior officials. The pilots are also forming a union.

DGCA Suspends Akasa Air Directors for Training Lapses

December 27, 2024 20:45

The DGCA suspended Akasa Air's director of operations and director of training for six months due to alleged lapses in pilot training, citing violations of civil aviation requirements.

DGCA Suspends Akasa Air Directors for Training Lapses

December 27, 2024 19:41

The Directorate General of Civil Aviation (DGCA) has suspended two Akasa Air directors for six months due to alleged lapses in pilots' training. The airline, partially owned by the Rakesh...

NFRA Finds Deficiencies in BSR & Co's Audit

December 24, 2024 22:20

NFRA highlights shortcomings in BSR & Co's audit of related party transactions, particularly concerning a promoter entity's CCPS investment. The audit regulator found lapses in auditing...

NFRA Fines Deloitte, Auditors for Lapses in ZEEL Audits

December 24, 2024 17:08

The National Financial Reporting Authority (NFRA) has penalized Deloitte Haskins & Sells LLP and two auditors for failing to identify and report financial misrepresentations in ZEEL audits.

ICAI Investigates Byju's Auditing Lapses

December 23, 2024 16:39

ICAI's disciplinary committee is probing alleged auditing lapses at Byju's, following earlier findings of gross negligence by auditors. The investigation is ongoing.

Indian Aviation 2025: Growth & Challenges

December 23, 2024 11:30

India's aviation sector is set for major growth in 2025 with new airlines, mergers, and expanded fleets. However, supply chain woes and safety concerns persist.

Sebi Fines EbixCash, Ebix Rs 6 Lakh for IPO Disclosure Lapses

December 19, 2024 19:45

Sebi has imposed a Rs 6 lakh fine on EbixCash and Ebix Inc for failing to disclose material information related to their proposed IPO, including regulatory actions by the RBI and arbitration rulings.

Akasa Air CEO on Employee Satisfaction & Safety Concerns

December 17, 2024 17:14

Akasa Air CEO Vinay Dube addresses concerns about alleged training and safety issues, emphasizing the airline's employee-centric culture and high levels of staff satisfaction.

PTC India Board Rejects Rajib Mishra's Return as CMD

December 17, 2024 15:54

PTC India's board has decided not to induct Rajib Kumar Mishra as a director or CMD, following SAT's order quashing Sebi's ban on him. The board met on December 13 and resolved not to induct Mishra.

Women on Boards: Progress & Challenges in India's Top 100 Companies

December 16, 2024 20:06

A survey reveals significant progress in women's representation on boards of India's top 100 companies, but challenges persist. Learn about the key findings.

Akasa Air Pilot Concerns: Safety Issues Alleged

December 14, 2024 20:29

Akasa Air faces allegations of training and safety issues from a section of its pilots who have sought intervention from the civil aviation ministry. The airline has denied the claims.

SAT Quashes Sebi Order Against Former PTC India CMD Mishra

December 12, 2024 14:59

The Securities Appellate Tribunal (SAT) has quashed a Sebi order that restrained former PTC India CMD Rajib Kumar Mishra from holding a director's post in a listed entity. The order was based on...

Sebi Bans Mishtann Foods, MD from Markets for Fraud

December 5, 2024 21:15

Sebi has banned Mishtann Foods and its MD, Hiteshkumar Patel, from securities markets for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses. The regulator...

NFRA: Auditing Improved, But Corporate Failures Remain - PTI

December 1, 2024 16:12

NFRA Chairperson Ajay Bhushan Prasad Pandey says auditing has improved, but corporate failures continue due to lack of engagement between auditors and board members. He stresses the need for...

Sebi Fines Reliance Securities Rs 9 Lakh for Norms Breach

November 29, 2024 20:38

Sebi has penalized Reliance Securities Rs 9 lakh for violating market norms and stock broker rules. The regulator found multiple violations including non-maintenance of client order records and...

Hikal Settles Disclosure Lapses Case with Sebi, Pays Rs 44 Lakh

November 29, 2024 18:52

Pharmaceutical firm Hikal has settled a disclosure lapses case with Sebi by paying Rs 44 lakh. The case involved alleged violations of LODR regulations related to an incident involving the illegal...

Oceanic Foods Settles Sebi Case for Rs 12.22 Lakh

November 27, 2024 21:08

Oceanic Foods has paid Rs 12.22 lakh to settle a case with Sebi related to alleged disclosure lapses. The company was accused of violating Sebi's LODR regulations.

RM Drip Promoter Settles Disclosure Lapse Case with SEBI

November 6, 2024 19:10

Nivrutti Pandurang Kedar, a promoter of RM Drip and Sprinklers Systems, has settled a case with SEBI for alleged violation of disclosure norms, paying Rs 22.16 lakh in settlement charges. The case...

Embassy REIT CEO Steps Down After SEBI Order

November 5, 2024 19:27

Embassy REIT CEO Aravind Maiya steps down following SEBI's order to suspend him based on an NFRA ruling related to Coffee Day Enterprises audit lapses.

Sebi Suspends Embassy Office Parks CEO: NFRA Audit Lapses

November 4, 2024 20:42

SEBI has suspended Aravind Maiya, CEO of Embassy Office Parks Management Services, following an NFRA order barring him from auditing due to lapses in Coffee Day Enterprises audit. An interim CEO...

DGCA Fines Akasa Air Rs 30 Lakh for Training Lapses

October 17, 2024 22:33

India's aviation regulator DGCA has fined Akasa Air Rs 30 lakh for lapses in crew training. The airline is working with the regulator to address the issues.

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

October 10, 2024 21:35

A special CBI court granted bail to Kapil Wadhawan, former director of DHFL, in an alleged loan fraud case linked to Yes Bank, citing delay in trial. Wadhawan was arrested in April 2020 and has...

NFRA Aims for Global Accounting & Auditing Standards

October 8, 2024 19:57

NFRA Chairman emphasizes incorporating global standards for accounting and auditing to foster large Indian firms. He highlights corporate failures and the need for high-quality reporting and...

NSE, Former Chief Settle Sebi Case, Pay Rs 643 Cr

October 4, 2024 18:11

NSE, former CEO Vikram Limaye, and others have settled a case with SEBI regarding alleged bypass of the trading access point (TAP) system. They paid Rs 643 crore to resolve the matter.

Interest Equalisation Scheme Extended for Exporters

September 30, 2024 22:00

India's government extends the interest equalisation scheme for exporters until December 31, 2024, providing crucial support to outbound shipments amidst global economic headwinds.

Sebi Fines 8 Entities Rs 40 Lakh for Non-Genuine Trades

September 30, 2024 21:37

SEBI imposes a Rs 40 lakh fine on eight entities for engaging in non-genuine trades in illiquid stock options on the BSE, creating artificial volumes.

DPIIT to Decriminalise Minor Offences with Jan Vishwas 2.0

September 28, 2024 18:51

DPIIT is working on 100 rules to decriminalise minor offenses under Jan Vishwas 2.0, aimed at promoting ease of doing business and reducing bureaucratic hurdles.

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

September 25, 2024 19:27

The Asian Development Bank (ADB) says Pakistan's economic reforms supported by an IMF deal will accelerate growth and ease inflation. The report highlights the IMF's role in economic stability and...

NSE to Triple Colocation Rack Capacity in Mumbai

September 25, 2024 19:24

The National Stock Exchange (NSE) plans to triple its colocation data center capacity in Mumbai to over 4,000 racks within three years, aiming to enhance trading member operations and infrastructure.

Sebi Fines BGR Energy Rs 9 Lakh for Disclosure Lapses

September 24, 2024 22:26

Sebi has penalized BGR Energy Systems Rs 9 lakh for violating disclosure norms and failing to comply with market regulations. The penalty was imposed after an investigation revealed the company's...

Air India Derosters Crew for B777 Door Lapse

September 23, 2024 17:39

Air India derostered 3 cabin crew members for opening a Boeing 777 aircraft door in armed mode, leading to the auto-deployment of emergency slides at Bangalore airport. An internal probe is underway.

USFDA Cites Manufacturing Lapses at Zydus Lifesciences Plant

September 15, 2024 11:20

The USFDA has issued a warning letter to Zydus Lifesciences for manufacturing lapses at its Jarod plant in Gujarat, citing contamination and inadequate investigations.

ED Recovers Ramprastha Realty Group Account Books in Money Laundering Probe

September 5, 2024 19:44

The ED recovered incriminating evidence and account books from Gurugram-based Ramprastha Group during a survey operation as part of a money-laundering investigation.

LIC Ordered to Pay Rs 50 Lakh for COVID-19 Policy

August 30, 2024 19:57

A consumer commission in Kerala ordered LIC to pay Rs 50 lakh to the family of a policyholder who died due to COVID-19, citing the insurer's violation of guidelines.

DGCA Takes Action on SpiceJet, Air India Express & Akasa Air

August 29, 2024 20:49

India's aviation regulator DGCA has initiated action against SpiceJet, Air India Express, and Akasa Air for various safety and regulatory violations. The regulator also suspended the approval for...

DGCA Issues Show Cause Notice to Akasa Air for Violations - Aviation News

August 29, 2024 19:47

India's aviation regulator, DGCA, has issued a show cause notice to Akasa Air for several regulatory violations, including inadequate training standards. The airline has been given seven days to...

NSE Files for IPO Approval After NOC from SEBI

August 27, 2024 21:55

National Stock Exchange (NSE) has reapplied for an IPO after seeking a 'no-objection certificate' (NOC) from SEBI, following previous delays due to regulatory issues.

USFDA Issues Warning Letter to Eugia Pharma for Manufacturing Lapses

August 25, 2024 13:25

USFDA has issued a warning letter to Eugia Pharma, a subsidiary of Aurobindo Pharma, for manufacturing lapses at its Hyderabad plant, citing data accuracy and process simulation issues.

DGCA Fines Air India Rs 90 Lakh for Non-Qualified Crew

August 23, 2024 13:51

India's aviation regulator DGCA has fined Air India Rs 90 lakh for operating a flight with unqualified crew members, citing safety concerns.

NFRA Fines Coffee Day Entities Rs 10.75 Crore for Funds Diversion

August 20, 2024 17:58

The National Financial Reporting Authority (NFRA) has slapped penalties of Rs 10.75 crore on three entities for lapses in the audit of Coffee Day Enterprises for 2018-19, including a ban on BSR...

Coffee Day Enterprises Settles Disclosure Lapses Case with Sebi

August 13, 2024 15:43

Coffee Day Enterprises has settled a case with Sebi regarding violation of disclosure norms, paying Rs 7.52 lakh in settlement charges. The case involved alleged violations of Sebi's LODR rules.

Hindenburg Accuses SEBI Chief of Adani Ties, She Denies

August 11, 2024 15:32

Hindenburg Research alleges SEBI chief Madhabi Puri Buch had investments in offshore funds linked to Adani Group, while Buch and Adani Group deny the claims.

Hindenburg Accuses Sebi Head of Adani Scandal Ties

August 10, 2024 22:48

Hindenburg Research alleges Sebi chairperson Madhabi Buch and her husband had stakes in offshore funds linked to the Adani money siphoning scandal, raising further questions about the regulator's...

Suzlon Energy: NSE Issues Warning for Disclosure Lapses

July 30, 2024 14:52

The National Stock Exchange of India (NSE) has issued a warning letter to Suzlon Energy for failing to comply with disclosure rules regarding an analyst's call. The NSE highlighted that Suzlon's...

Air India Crew Left Without Accommodation in Hyderabad - Airline Apologizes

July 11, 2024 21:10

Air India failed to book accommodation for cabin crew members in Hyderabad, leading to a long wait and lack of amenities. The airline has apologized and promised to take action.

ACESO to Add 60 Channel Partners in FY

July 5, 2024 17:34

ACESO, an insurance assignment tech platform, plans to expand its channel partner network by 60 in the current financial year, reaching a total of over 100. The company offers solutions for LIC...

SAT Stays Sebi Order on Former PTC India CMD

June 24, 2024 18:09

The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six...

Elcid Investments Settles Sebi Case: Disclosure Lapses, Rs 17.3 Lakh Fine

June 24, 2024 17:07

Elcid Investments has settled a Sebi case involving disclosure lapses and failure to maintain a structured digital database. The company paid Rs 17.31 lakh to settle the matter.

Kerala Demands 60% GST Share for States: GST Council Meeting

June 23, 2024 19:59

Kerala Finance Minister K N Balagopal calls for a review of the GST tax sharing ratio, advocating for a 60% share for states. The current 50:50 ratio should be revised to 40:60 in favor of states,...

Former PTC India CMD Rajib Mishra to move SAT against Sebi's order

June 18, 2024 17:57

Former PTC India CMD Rajib Mishra will challenge the Sebi order barring him from being a director in a listed entity for six months, citing corporate governance lapses at PFS.

Zero Liability for Unauthorized Bank Transactions: Bombay HC Ruling

June 13, 2024 20:13

Bombay High Court rules customers have zero liability for unauthorized transactions due to third-party breaches, ordering Bank of Baroda to refund Rs 76 lakh.

Rajib Kumar Mishra Removed as PFS Chairman: Sebi Order

June 13, 2024 15:45

Sebi has barred Rajib Kumar Mishra from holding director positions at PFS for six months due to corporate governance lapses. The regulator also fined him Rs 10 lakh and prohibited former MD & CEO...

Sebi Fines Stock Exchanges for Surveillance Lapses

June 6, 2024 16:55

SEBI introduces financial penalties for stock exchanges and market infrastructure institutions for failing to detect suspicious trading activity, aiming to protect retail investors.

Air India Apologizes for Delhi-SFO Flight Delay, Offers USD 350 Voucher

June 1, 2024 20:09

Air India has apologized and offered a USD 350 travel voucher to passengers of the San Francisco flight delayed over 30 hours due to technical issues and operational constraints.

ACESO Launches ALIP Solution for LIC Policyholders

May 31, 2024 22:01

ACESO introduces ALIP, a solution designed to assist LIC policyholders facing policy surrender or lapse. Get maximum value and benefit through expedited consideration and online documentation.

IndiGo Flight Boarding Error: Standby Passenger Boarded in Place of Confirmed Ticket Holder

May 21, 2024 17:54

IndiGo flight from Mumbai to Varanasi experienced a security lapse where a standby passenger boarded instead of a confirmed ticket holder. The passenger was deboarded before takeoff due to an error...

NFRA Fines Auditors Rs 2.5 Cr in Reliance Commercial Fin Case

May 20, 2024 17:34

The National Financial Reporting Authority (NFRA) has imposed a Rs 2.5 crore penalty on two auditors for professional misconduct and auditing lapses in the Reliance Commercial Finance case for...

Sebi Fines Reliance Home Finance Rs 8 Lakh for Disclosure Lapses

May 17, 2024 21:50

Sebi penalized Reliance Home Finance Rs 8 lakh for failing to disclose NCLT order information and debt resolution plan details within stipulated timeframes.

Bombay HC Quashes Penalty on Tata Chemicals for 'Substandard Salt'

May 14, 2024 13:31

The Bombay High Court has quashed a penalty order against Tata Chemicals and others for selling substandard iodized salt, citing procedural lapses and lack of transparency in the case.

MCA Fines Company & Individuals for SBO Non-Disclosure

May 7, 2024 18:49

The Ministry of Corporate Affairs (MCA) imposed a Rs 18 lakh fine on a company, an American, and 6 individuals for failing to disclose significant beneficial ownership.

DGCA Suspends Vistara Official for Pilot Training Lapses

April 30, 2024 14:36

India's aviation regulator DGCA suspends a Vistara official for lapses in pilot conversion training. The action follows an inquiry into alleged training deficiencies.

NFRA Fines Audit Firm Rs 50 Lakh, Imposes 2-Year Ban

April 26, 2024 20:38

The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs 50 lakh on PCN & Associates and Rs 30 lakh on an auditor for auditing lapses. The audit firm and the individual...

ICICI Bank Error: 17k Credit Cards Mapped Wrongly

April 25, 2024 20:31

ICICI Bank admits 17,000 credit cards were wrongly mapped to users. No misuse reported, but bank will compensate customers for any financial loss.

NFRA Fines Audit Firm Rs 5 Lakh for Vikas WSP Audit Lapses

April 25, 2024 19:58

NFRA has penalized an audit firm Rs 5 lakh for professional misconduct and lapses in auditing Vikas WSP Ltd's FY20 financials, citing overstatement of profits due to unrecognised interest expense.

USFDA Warns Natco Pharma for Manufacturing Lapses

April 21, 2024 10:45

USFDA issued a warning letter to Natco Pharma for violations at its Telangana plant, citing cleanliness, sterilization, and contamination concerns. The regulator has asked for a comprehensive...

IndiGo Flight Lands with Minimal Fuel After Weather Diversion

April 15, 2024 20:03

An IndiGo flight from Ayodhya to Delhi landed in Chandigarh with only 1-2 minutes of fuel remaining after weather diversion. The airline insists the aircraft had enough fuel.

NFRA Fines Auditors for Reliance Capital Audit Lapses

April 15, 2024 13:14

The National Financial Reporting Authority (NFRA) has fined Pathak H D & Associates, Parimal Kumar Jha and Vishal D Shah for auditing lapses in Reliance Capital's financials in 2018-19. The...

Biden vs. Trump: Tax Day Shows Governing Split

April 15, 2024 11:41

Tax Day highlights contrasting tax policies and financial transparency between Biden and Trump, revealing a stark split in their governing approaches.

NSE IPO Awaits Sebi Approval: MD & CEO Ashishkumar Chauhan

April 5, 2024 10:26

National Stock Exchange (NSE) is waiting for Sebi's green light to launch its IPO. MD & CEO Ashishkumar Chauhan confirmed the update, saying a revised DRHP will be filed after approval.

RBI Imposes Curbs on JM Financial Products for IPO Funding Lapses

March 5, 2024 21:21

The Reserve Bank of India (RBI) has imposed restrictions on JM Financial Products Ltd for its role in helping customers bid for IPOs using loaned funds. The RBI found lapses in credit underwriting...

NFRA Enhances Audit Quality with Independent Directors & Committees

March 5, 2024 18:03

The NFRA engages with audit committees & independent directors to improve audit quality & corporate governance, harnessing big data & AI for accurate financial reporting.

ICAI to Review Paytm Issue, Byju's Scrutiny Progressing

February 25, 2024 17:57

ICAI's financial reporting review board may consider Paytm Payments Bank Ltd issues, while the review of Byju's is progressing well. The board is empowered to review financial statements of listed...

WTO Meet: SJM Urges Food Security Solution

February 22, 2024 22:12

Swadeshi Jagran Manch (SJM) calls for a permanent solution on food security and public stockholding at the upcoming WTO ministerial conference.

Paytm Shares Hit Upper Circuit for Fourth Day | Business News

February 21, 2024 11:49

Shares of One97 Communications, the parent company of Paytm, hit the upper circuit limit for the fourth straight session on Wednesday, closing at Rs 395.25 on the BSE and Rs 395.05 on the NSE. The...

Paytm Shares Hit Upper Circuit for Third Straight Session

February 20, 2024 12:39

Paytm's parent firm One97 Communications shares rallied 5% for the third consecutive day, touching the upper circuit limit at Rs 376.45. The rise comes despite ED's investigation into Paytm...

Mutual Fund Complaints Drop in H1 FY24: Amfi

February 14, 2024 18:44

Mutual fund investor grievances decreased to 485 in the first half of FY24, highlighting the industry's focus on service quality and transparency. Learn more about the decline and key factors.

Road Ministry Includes 'Deemed Approval' for DPR Reports

February 9, 2024 18:28

The Ministry of Road Transport and Highways (MoRTH) has revised the RFP document to include 'deemed approval' for timely approval of reports submitted by DPR consultants.

FAA to Hold Boeing Accountable for Safety Violations

February 6, 2024 16:54

The FAA's new chief says the agency will increase oversight and hold Boeing accountable for any safety violations following a recent incident with a Boeing 737 Max 9.

SpiceJet Secures Rs 900 Cr Funding: Fleet Upgrade, Cost Cuts on Agenda

January 29, 2024 12:05

SpiceJet receives over Rs 900 crore in funding, focusing on fleet upgradation and cost-cutting measures to navigate turbulent times. The airline also plans to bid for bankrupt Go First.

Air India Tackles Fog Disruptions with Roster Planning & CAT 3 Crew

January 25, 2024 17:57

Air India CEO Campbell Wilson outlines measures to mitigate fog-related disruptions, including increased CAT 3 crew, roster planning, and pre-emptive cancellations.

Air India Fined Rs 1.10 Crore for Safety Violations: DGCA

January 24, 2024 20:49

Air India fined Rs 1.10 crore by DGCA for safety violations related to Boeing 777 operations. The airline plans to challenge the decision, citing no compromise on safety.

Air India Penalized Rs 1.10 Crore for Safety Violations

January 24, 2024 14:13

DGCA imposes a Rs 1.10 crore penalty on Air India for safety violations related to leased Boeing 777 planes operating to the US. This is the second penalty in a week for the airline.

IndiGo to Appeal BCAS Penalty for Mumbai Airport Incident

January 18, 2024 23:15

IndiGo is considering an appeal against a Rs 1.20 crore penalty imposed by BCAS for violations during a flight diversion at Mumbai airport. The airline is investigating the incident and considering...

Aviation Regulators Fine IndiGo, MIAL, Air India, SpiceJet Rs 2.70 Cr

January 17, 2024 23:22

Aviation regulators BCAS and DGCA imposed penalties totaling Rs 2.70 crore on IndiGo, MIAL, Air India, and SpiceJet for various violations, including passenger safety and pilot rostering.

Aviation Regulators Fine IndiGo, MIAL, Air India, SpiceJet Rs 2.70 cr

January 17, 2024 22:57

India's aviation regulators, BCAS and DGCA, have slapped penalties totalling Rs 2.70 crore on IndiGo, MIAL, Air India and SpiceJet for various violations, including passenger safety and pilot...

DGCA Fines Air India, SpiceJet Rs 30 Lakh Each for Pilot Lapses

January 17, 2024 21:22

India's aviation regulator, DGCA, has fined Air India and SpiceJet Rs 30 lakh each for not deploying pilots trained for low visibility operations, citing lapses in flight rostering during December...

NFRA Bans 2 Auditors for Misconduct in Seya, SRS Cases

January 9, 2024 19:31

The National Financial Reporting Authority (NFRA) has barred two auditors for professional misconduct in the Seya Industries and SRS Real Infrastructure matters, imposing fines of Rs 20 lakh and Rs...

RBI Fines Gujarat Co-op Banks: Lapses in Regulations

January 4, 2024 19:02

The Reserve Bank of India has penalized five Gujarat-based cooperative banks for non-compliance with regulations, including deposit rates, loans, and KYC norms. Penalties range from Rs 50,000 to Rs...

RBI Holds Rates Amid Inflation, Possible Rate Cut in 2024

December 28, 2023 11:17

The Reserve Bank of India (RBI) maintained its stance on holding rates despite inflation cooling off. Experts predict a possible rate cut in 2024 as inflation targets are met.

Telecommunications Bill Passed: Key Provisions & Impact

December 25, 2023 21:22

India's new Telecommunications Act, 2023, overhauls telecom regulations, prioritizes user protection, and streamlines licensing. Learn about key provisions.

Telecommunications Bill Passed: Reforms, User Protection, & Interception Powers

December 21, 2023 20:24

India's Parliament approves the Telecommunications Bill, modernizing the telecom sector, prioritizing user protection, but also granting more power to the government. Learn more.

Life Insurers Margins Hit by Higher Surrender Value: Report

December 21, 2023 19:48

A new regulatory proposal to increase surrender value of life policies could significantly impact the margins of insurers. The report highlights the impact on different insurers and the potential...

USFDA Cites Intas Pharma for Manufacturing Lapses

December 10, 2023 10:50

The USFDA issued a warning letter to Intas Pharmaceuticals for manufacturing violations, including CGMP violations, at its Ahmedabad plant. The agency found that the company failed to maintain...

DHFL Audit: 2 Auditors Banned, Rs 10 Lakh Fine

December 7, 2023 19:17

NFRA bans two auditors for up to 10 years and fines them Rs 10 lakh for professional misconduct in the DHFL audit for FY 2017-18. The auditors failed to meet audit standards, including branch...

Sebi Fines India Ratings & Research Rs 3 Lakh for Lapses

December 1, 2023 22:44

Sebi has penalized India Ratings and Research Rs 3 lakh for failing to comply with regulatory requirements regarding defaults by Altico Capital India and Hindustan Cleanenergy Ltd.

Burman Family: REL Board Can't Reject Open Offer

November 29, 2023 22:09

The Burman family, battling for control of Religare Enterprises, claims the board has no power to reject their open offer to acquire controlling stake. Learn about the ongoing takeover battle and...

MAN Industries Auditor Banned 5 Years for Lapses

November 24, 2023 21:23

NFRA bans auditor for 5 years and imposes Rs 5 lakh fine for professional misconduct in MAN Industries audit for FY17. The regulator found several lapses in the audit.

NSE, BSE Fine Power Grid Corp for Lack of Directors

November 24, 2023 17:58

NSE and BSE have fined Power Grid Corporation Rs 5,42,800 each for not having the required number of independent directors, including one woman. The company has requested a waiver of the fine.

DGCA Fines Air India Rs 10 Lakh for Passenger Facility Lapses

November 22, 2023 15:00

The DGCA imposed a Rs 10 lakh penalty on Air India for failing to provide required passenger facilities, including hotel accommodation for delayed flights and inadequate training for ground staff.

Singapore Central Bank Orders DBS to Pause IT Changes

November 1, 2023 20:00

Singapore's central bank has ordered DBS Bank to pause non-essential IT changes for six months to improve the resilience of its digital banking services after repeated disruptions.

Singapore Central Bank Restricts DBS After Service Disruptions

November 1, 2023 17:01

Singapore's central bank has barred DBS from new acquisitions for six months due to multiple service disruptions this year. The bank is also required to pause non-essential IT changes.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'lapses'

Indian Billionaires' Wealth Hits $1.3 Trillion, Adani Tops Gainers

IndusInd Bank Shares Plunge 5% on Accounting Discrepancies

PwC to Submit IndusInd Bank Accounting Discrepancies Report

DIC India Settles Sebi Disclosure Violation Case for Rs 34.32 Lakh

IndusInd Bank Investigates Accounting Discrepancies

IIHL Takes Control of Reliance Capital, New Board Appointed

IIHL Completes Reliance Capital Acquisition: Management Transfer on Wed

RBI Directs IndusInd Bank to Complete Remedial Action

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

HDFC Mutual Fund Increases IndusInd Bank Stake to 5%

NCLT Extends Deadline for Reliance Capital Transfer to IIHL

IndusInd Bank Hit by Rs 2,100 Cr Accounting Lapse: Shares Tank 27%

USFDA Cites Granules India for Manufacturing Lapses

Air India Fires Trainer Pilot After Whistleblower Claims

HC Stays FIR Against Ex-Sebi Chief Buch, 5 Others

Sebi Chief Madhabi Puri Buch Faces FIR Over Stock Market Fraud

NGL Fine-Chem Settles Sebi Disclosure Lapse Case - Rs 92.21 Lakh Paid

Sebi Fines Indian Clearing Corporation Rs 5.05 Cr for Lapses

USFDA Issues Warning Letter to Jagsonpal Pharmaceuticals

Sebi Bans Two Portfolio Managers for Net Worth Breach

ICICI Securities Settles Sebi Case for Rs 80.4 Lakh

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

National Peroxide Settles Sebi Case for Disclosure Lapses

NFRA Fines Auditor for Lapses in Religare Finvest Case

Ethical Standards: Dhankhar Urges CA Self-Regulation

Chartered Accountants Need to Innovate: Rajnath Singh

Budget Wishlist: Telecom Industry Seeks Relief

DGCA Warns Akasa Air Over Dangerous Goods Handling

NFRA to Issue Papers for Improved Audit Quality

Nusli Wadia, Sons Settle Sebi Disclosure Lapses Case - Rs 2.12 Crore Paid

Akasa Air Pilots Seek Probe into Hiring Practices

Akasa Air Appoints Belson Coutinho as COO

DGCA Suspends Akasa Air Pilot for Lapses

NFRA Audit Flags Shortcomings in CA Firm MSKA & Associates

Akasa Air Pilots Seek DGCA Audit Over Training Issues

DGCA Suspends Akasa Air Directors for Training Lapses

DGCA Suspends Akasa Air Directors for Training Lapses

NFRA Finds Deficiencies in BSR &amp; Co's Audit

NFRA Fines Deloitte, Auditors for Lapses in ZEEL Audits

ICAI Investigates Byju's Auditing Lapses

Indian Aviation 2025: Growth & Challenges

Sebi Fines EbixCash, Ebix Rs 6 Lakh for IPO Disclosure Lapses

Akasa Air CEO on Employee Satisfaction & Safety Concerns

PTC India Board Rejects Rajib Mishra's Return as CMD

Women on Boards: Progress & Challenges in India's Top 100 Companies

Akasa Air Pilot Concerns: Safety Issues Alleged

SAT Quashes Sebi Order Against Former PTC India CMD Mishra

Sebi Bans Mishtann Foods, MD from Markets for Fraud

NFRA: Auditing Improved, But Corporate Failures Remain - PTI

Sebi Fines Reliance Securities Rs 9 Lakh for Norms Breach

Hikal Settles Disclosure Lapses Case with Sebi, Pays Rs 44 Lakh

Oceanic Foods Settles Sebi Case for Rs 12.22 Lakh

RM Drip Promoter Settles Disclosure Lapse Case with SEBI

Embassy REIT CEO Steps Down After SEBI Order

Sebi Suspends Embassy Office Parks CEO: NFRA Audit Lapses

DGCA Fines Akasa Air Rs 30 Lakh for Training Lapses

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

NFRA Aims for Global Accounting & Auditing Standards

NSE, Former Chief Settle Sebi Case, Pay Rs 643 Cr

Interest Equalisation Scheme Extended for Exporters

Sebi Fines 8 Entities Rs 40 Lakh for Non-Genuine Trades

DPIIT to Decriminalise Minor Offences with Jan Vishwas 2.0

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

NSE to Triple Colocation Rack Capacity in Mumbai

Sebi Fines BGR Energy Rs 9 Lakh for Disclosure Lapses

Air India Derosters Crew for B777 Door Lapse

USFDA Cites Manufacturing Lapses at Zydus Lifesciences Plant

ED Recovers Ramprastha Realty Group Account Books in Money Laundering Probe

LIC Ordered to Pay Rs 50 Lakh for COVID-19 Policy

DGCA Takes Action on SpiceJet, Air India Express & Akasa Air

DGCA Issues Show Cause Notice to Akasa Air for Violations - Aviation News

NSE Files for IPO Approval After NOC from SEBI

USFDA Issues Warning Letter to Eugia Pharma for Manufacturing Lapses

DGCA Fines Air India Rs 90 Lakh for Non-Qualified Crew

NFRA Fines Coffee Day Entities Rs 10.75 Crore for Funds Diversion

Coffee Day Enterprises Settles Disclosure Lapses Case with Sebi

Hindenburg Accuses SEBI Chief of Adani Ties, She Denies

Hindenburg Accuses Sebi Head of Adani Scandal Ties

Suzlon Energy: NSE Issues Warning for Disclosure Lapses

NFRA Finds Deficiencies in BSR & Co's Audit

Air India Tackles Fog Disruptions with Roster Planning & CAT 3 Crew