Having a few firms audit large and listed companies is not in the interest of either vibrant capital markets or a vibrant economy

Vishesh C Chandiok & Yogesh Sharma: India Inc needs choice in auditing

Business Standard

After dusk, the president slipped out of the capital, flying covertly to a Russian military base in northern Syria and then on a Russian jet to Moscow, as per reports

Syrian President Bashar Al Assad

Mark L Clifford writes in The Troublemaker, a brisk account of Lai's life and work, the gravity of his predicament began to set in, and Lai sent a laconic WhatsApp message to his associates

book review

Industries are forced to shut down due to the grim situation

Iran, Iran flag

At least 240 workplace accidents occurred in India's manufacturing, mining, and energy sectors, resulting in over 400 deaths and more than 850 serious injuries

mining

It was clarified that ready-to-eat popcorn mixed with salt and spices attracted a 5 per cent GST rate. It attracts a 12 per cent tax if supplied as pre-packed and labelled

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

ipo market listing share market

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

IPO rush, market

A 50-year-old doctor from Saudi Arabia, who has been living in Germany since 2006, is the prime suspect in the Christmas market attack in Magdeburg, which killed five people

Germany police

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday.
The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said.
Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government officia

The Georgia Court of Appeals' 2-1 decision Thursday is a major setback for state prosecutors in one of the two remaining criminal cases pending against Trump

Donald Trump, Trump

A government shutdown at risk, House Speaker Mike Johnson is fighting to figure out how to meet President-elect Donald Trump's sudden demands  and keep his own job  while federal offices are being told to prepare to shutter operations ahead of Friday's midnight deadline.
Trump said early Thursday that Johnson will easily remain speaker for the next Congress if he acts decisively and tough in coming up with a new plan to also increase the debt limit, a stunning request just before the Christmas holidays that has put the beleaguered speaker in a bind.
And if not, the president-elect warned of trouble ahead for Johnson and Republicans in Congress.
Anybody that supports a bill that doesn't take care of the Democrat quicksand known as the debt ceiling should be primaried and disposed of as quickly as possible, Trump told Fox News Digital.
The chaotic turn of events, coming days before Friday's midnight deadline to fund the government and as lawmakers were preparing to head home for the 

Donald Trump

In premium financing, a borrower secures a loan from a third-party provider to cover the policy's premiums

Insurance Premium Financing

The government is aware of reports issued from time to time by various foreign entities, including in the US, about the situation of human rights in India, but such reports are often found to be "subjective, misinformed and biased in nature", the Centre informed Parliament on Thursday.
Minister of State for External Affairs Kirti Vardhan Singh said this in a written response to a query in Rajya Sabha.
He was asked whether the government is aware of the recent US Congressional Research Service report which "highlights concerns" over India's human rights record, particularly regarding religious freedom and communal violence; and the steps being taken by the government to ensure that India's secular constitution and pluralistic values are upheld, both domestically and internationally.
The government is "aware of reports issued from time to time by various foreign entities, including in the US, about the situation of human rights in India. Such reports are often found to be subjective, 

India Flag Code

Some Fed officials incorporated 'highly conditional estimates' of Trump effects in new projections

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

weddings, marriage

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Rahul Gandhi, Rahul, congress leader

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

Vishesh C Chandiok

Vishesh C Chandiok

Vishesh C Chandiok

Vishesh C Chandiok & Yogesh Sharma: India Inc needs choice in auditing

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Deceit, betrayal marked final days of President Assad's regime in Syria

The Troublemaker: A tale of courage, capitalism, and contradictions

Iran's regime in 'dire straits' as it faces energy crisis due to sanctions

Unsafe factories: A roadblock to India's manufacturing hub aspirations

GST Council defers key decisions, tackles complexity of tax system

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FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Who is the Saudi-born suspect behind Germany Christmas market attack?

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG