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The Economic Times Banks form panel to take up bar on overlapping biz

Indian banks are establishing a committee to address concerns regarding the Reserve Bank of India's (RBI) proposed regulations. The new rules mandate one entity per banking group for specific businesses, impacting subsidiaries. Banks find the two-year compliance window too short, particularly for listed subsidiaries, and plan to engage with the RBI and government stakeholders.

The Economic Times NFRA may take up revision of 35 audit standards next week

The National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) are headed for another clash. The upcoming NFRA board meeting will address revisions to auditing standards, including the controversial SA600, despite opposition from ICAI representatives on the board.

The Economic Times KPMG to lay off less than 4% of US audit workforce, source says

KPMG-LAYOFFS/ (URGENT,PIX)KPMG to lay off less than 4% of US audit workforce, source says

The Economic Times Australian police search Sydney PwC office over tax leak probe

Australian police searched PwC Australia's Sydney office investigating a former partner who leaked confidential government tax plans. The firm reportedly shared the data internally and covered up its use. PwC is cooperating fully with the investigation. This incident led to the resignation of several partners and the sale of its government consulting business.

The Economic Times Nirmala Sitharaman apprised about review of Income Tax Act by top officials

The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers.

The Economic Times SAT Televenture to acquire Tikona Infinet for Rs 669 cr

Tikona Infinet will become a significant subsidiary of SAR Televenture and Tikona shareholders will get SAR Televenture shares.

The Economic Times India New Issue-Aditya Birla Housing to reissue Aug 2029 bonds, bankers say

INDIA-DEBT/India New Issue-Aditya Birla Housing to reissue Aug 2029 bonds, bankers say

The Economic Times OLX India's MD & CEO Amit Kumar steps down

Amit Kumar, MD and CEO of OLX India, is stepping down from his position effective January 31, 2025. Kumar played a pivotal role in expanding OLX India's retail presence across the country. His career includes stints at Britannia Industries, Uninor, Jabong, and Snapdeal.

The Economic Times Trump victory may lead to stronger dollar, but RBI's focus will remain on domestic factors: Report

A victory of Donald Trump in the upcoming US presidential elections could lead to a stronger US dollar says a report by Barclays.

The Economic Times India will need a lot of very serious reforms to become advanced economy by 2047: Krishna Srinivasan, IMF Asia-Pacific Department

India must implement substantial structural reforms and achieve a growth rate higher than 6.5% to meet its 2047 advanced economy goal, Krishna Srinivasan, director of the Asia and Pacific Department (APD) at the International Monetary Fund, says. The IMF projects India's GDP growth will ease to 7% in FY25 and potential growth to 6.5% in FY26 amid various risks.

The Economic Times Logic Fruit Technologies appoints Sourabh Varma as CFO

With over 20 years of experience in large-scale operations, Sourabh brings expertise in operational management and business strategy. In his new role, he will work closely with the management team to advance strategic initiatives and drive innovation.

The Economic Times How the US election could change the direction of trade winds for India

Indian businesses should be prepared to handle tariffs on goods they export to the US. The scale of the barrier would depend on who wins the US elections.

The Economic Times Rupee slips to record low, pressured by slide in local equities

The Indian rupee hit an all-time low of 84.1050 against the dollar on Monday due to persistent outflows from local stocks. The BSE Sensex and Nifty 50 indexes fell over 1.5% amid possible overseas investor selling and caution before the U.S. presidential election outcome. Asian currencies were mainly higher, while the dollar index dipped.

The Economic Times Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

The Economic Times M&G acquires 65% stake in European property firm BauMont

M&G told Reuters it had acquired a 65% stake in BauMont Real Estate Capital, an 18-strong property investing team with offices in London and Paris and 1.5 billion euros ($1.6 billion) of assets under management.

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