The National Financial Reporting Authority (NFRA) has firmed up draft norms to overhaul the extant Standard on Auditing (SA) 600. The revised standard will apply only to listed companies and banks, barring the state-run ones. ET reported on Thursday that the ICAI had raised its concerns over the NFRA draft norm, which proposes to make the principal auditor of a corporate group responsible for the entire group's financial statements.
After the recent cut this month, the goverment on Friday reduced windfall gains tax on petroleum products to Rs 1,850/tonne from Rs 2,100/tonne effective August 31, said official note. Previously, the government on August 17 revised the windfall gains tax on petroleum products, reducing the levy on domestic crude oil to Rs 2,100 per tonne, down from the previous Rs 2,400 per tonne.
Reliance Jio's introduction of 100GB of free cloud storage could disrupt the dominance of Google One and iCloud in India, experts say. Jio's offer is set to challenge the current pricing models of Google One (₹130 for 100GB) and iCloud (₹75 for 50GB), potentially prompting these services to reduce their prices. This move is part of a broader trend where Indian companies like Ola are competing with Western giants by adopting local solutions, which has already led to significant price reductions in services like Google Maps.
In contrast to their opulent trips, Lauren Sanchez gave Jeff Bezos glimpses into her low-key home life. Even with their hectic schedules, they treasure their alone time together, watching TV and staying in touch even when they are off on excursions.
Adani Ports & Special Economic Zone Ltd has agreed to acquire an 80% stake in Dubai-based Astro Shipping Company for $185 million. This acquisition aims to expand APSEZ's fleet to 168 ships and boost its presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.
"Uniform civil code is a constitutional ordainment. It is in Directive Principles (of State Policy). The Supreme Court has severely that it is being delayed but UCC, which has been on the shelf for too long, is a small measure of justice to your (women) segment... It will help in several ways but majorly it will help your gender," Dhankhar said while addressing students of Bharati College, a women's college affiliated to the University of Delhi.
Borderlands, directed by Eli Roth and starring Cate Blanchett, premiered digitally on August 30, 2024, just three weeks after its theatrical release.
Vistara announced on Friday that from November 12, Air India will take over its aircraft and passengers as the merger of the Tata Group-owned airlines nears completion. Starting September 3, Vistara bookings for travel post-November 12 will be redirected to Air India. Singapore Airlines, which holds a 49% stake in Vistara, has received approval to acquire a 25.1% stake in Air India, with the merger expected by year-end. This consolidation aims to strengthen the combined entity's position in India’s aviation market.
Kamala Harris' massive popularity is currently on the rise ahead of the US polls 2024, but experts feel that this wave of support for Harris may not last for a long time, and she may end up losing the US Presidential Elections 2024.
Union minister G Kishan Reddy termed the upcoming assembly election in Jammu and Kashmir as an 'andolan' for the BJP, aiming to safeguard the rights of the people. He criticized the NC-Congress alliance, alleging it seeks to reinstate Article 370, which the BJP claims was a restrictive 'black law'.
Two trustees of a school in Badlapur, Maharashtra, are declared absconding by the Special Investigating Team (SIT) probing the sexual assault of two four-year-olds. The SIT has registered a negligence case against them. The Bombay High Court highlighted the need for gender equality education for boys and recommended new guidelines for schools.
The Manipur government has advised citizens against joining a rally called by tribal student bodies in Kangpokpi district and urged businesses, government offices, and private institutions to remain open. The rally is part of a demand for a Union Territory. Authorities warned of legal action against any disruptions.
Former Jharkhand Chief Minister Champai Soren joined the BJP ahead of upcoming state elections. Joining him was his son Babulal Soren. In response, Jharkhand Mukti Morcha leader and current Chief Minister Hemant Soren inducted MLA Ramdas Soren as a cabinet minister, setting up a potential political battle between the two sides.
ICICI Prudential Mutual Fund has reduced its stake in Zee Entertainment Enterprises by selling 12,66,929 shares, bringing its total stake down to 3.05% from 5.08% since January. The sale coincides with Zee resolving merger disputes with Sony Pictures Networks India. Zee's share price closed at Rs 140.80, down 1.05%.
Avani Lekhara successfully defended her Paralympic gold medal in the women’s 10m air rifle (SH1) event, becoming the first Indian to win back-to-back golds at the Paralympics. Despite intense competition from Korea’s Yunri Lee and fellow Indian Mona Agarwal, Lekhara's final shot secured her victory.
Zee Entertainment has filed an application with the NCLT to recall the order sanctioning its merger with Sony's India media units. Zee and Sony announced a comprehensive settlement, resolving all disputes related to their failed merger.
Amid widespread protests in Kolkata, BJP West Bengal's president Sukanta Majumdar criticised the state's law and order situation under Chief Minister Mamata Banerjee. BJP's Mahila Morcha also protested against the Women's Commission. In parallel, Trinamool Chhatra Parishad and doctors held separate protests concerning hospital issues and allegations against a doctor in Medinipur.
As talks about Vanderpump Rules heat up, James Kennedy has addressed recent rumors about a potential reboot of the popular reality series.
Kylian Mbappe remained scoreless as defending champions Real Madrid drew 1-1 with Las Palmas in the Spanish league. Vinicius Junior scored for Madrid via a penalty, while Alberto Moleiro netted for Las Palmas. Madrid has had a challenging start, with two draws and one win so far this season.
Botic van de Zandschulp's career gets a boost with a surprising victory over third seed Carlos Alcaraz at the US Open, advancing him to the third round of a Grand Slam for the first time since 2022. Naomi Osaka's attempt to make a comeback ended in the second round against Karolina Muchova.
A two-day special session of the West Bengal assembly will be held from Monday to pass an anti-rape legislation following the rape and murder of a PG medical student. The state cabinet has approved the proposal, and the new bill emphasises a time-bound trial and death penalty for the culprits.
The Indian culinary scene still suffers from that same colonial hangover when it comes to codification, with the curricula in desi catering and cooking colleges continuing to teach primarily European precepts, mainly French.
Social media users laughed and scratched their heads at Melania Trump's introspections about New York City.
Science excels in addressing physical problems but struggles with psychological and emotional issues. While science can solve material problems, it cannot measure or resolve emotions that shape society.
The essence of authenticity lies in one's words and actions, advising against showing a different face to the world. It highlights the importance of genuine virtues and warns that people can easily detect artificiality, encouraging readers to express their true selves to earn respect and admiration.
