Sanctions and falling oil prices haven't dampened the spirit of Russian delegates in Davos. They're out in force -- but do they feel welcome?

Do Russians feel welcome in Davos?

The National Financial Reporting Authority (NFRA) has highlighted significant shortcomings in the audit practices of BSR & Co LLP, a KPMG sub-licensee, particularly in related party transactions.
The audit regulator's inspection was conducted in August 2024, which reviewed three BSR audit engagements from the FY ending March 2022 and March 2023.
In a 13-page inspection report, NFRA found lapses related to auditing standards and compliance with the Companies Act 2013. Among the critical observations were deficiencies in verifying related party transactions.
The inspection report also revealed a complex series of transactions initiated by an unnamed company, involving its promoter entity.
NFRA noted that the company raised Rs 550 crore through non-convertible debentures (NCDs) and invested Rs 650 crore in compulsorily convertible preference shares (CCPS) of the promoter entity. This transaction was reportedly used to facilitate debt repayment by the promoter entity.
NFRA also ...

In a 13-page inspection report, NFRA found lapses related to auditing standards and compliance with the Companies Act 2013

Holders of about 78 per cent of various bonds and term loans have agreed to the deal, which targets debt due between 2026 and 2028

Born in Chennai, Krishnan's life took a pivotal turn when he persuaded his father to buy him a computer. He later became a well-known figure in the technology world of Silicon Valley and beyond

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.
Bihar Governor Rajendra Vishwanath Arlekar has been named the governor of Kerala in place of Khan, according to the Rashtrapati Bhavan.
Arif Mohammed Khan has been appointed as Bihar Governor, the Rashtrapati Bhavan said in a statement.
President Murmu has accepted the resignation of Odisha Governor Raghubar Das, it said.
Mizoram Governor Hari Babu Kambhampati has been appointed as the new Odisha Governor in place of Das, the statement said.
These appointments will take effect from the dates they will assume charge of their respective offices, it added.

Bihar Governor Rajendra Vishwanath Arlekar has been named the governor of Kerala in place of Khan, according to the Rashtrapati Bhavan

Both Rashid's counsel and the NIA had agreed to keep the matter in the current court. In addition to the NIA's case, the special judge had suggested moving a related money laundering case

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget.
The Prime Minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget.
Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
According to an official statement, the Prime Minister emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047.
The participants shared their views on several issues, including navigating challenges posed by global economic uncertainties and geopolitical tensions, strategies to enhance employment particularly among the youth, and create sustainable job opportunities across ...

Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047

Seek relief from state levies, Customs duties, pitch for single window clearance system

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Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

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Do Russians feel welcome in Davos?

Sanctions and falling oil prices haven't dampened the spirit of Russian delegates in Davos. They're out in force -- but do they feel welcome?

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