NFRA clears 40 audit rules in spite of ICAI objections
NEW DELHI: In a major overhaul, the National Financial Reporting Authority (NFRA) on Tuesday cleared 40 audit standards, including six where the Institute of Chartered Accountants of India (ICAI) had raised objections.After detailed discussions, NFRA board voted eight-three for aligning several audit standards (SA) with global norms and recommended the
Hyundai Motor India’s Q2 profit drops 17% as sales decline
Hyundai Motor India, the country’s second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday. The company’s shares fell nearly 3 per cent in afternoon trading. The ‘Creta’ SUV manufacturer said its
What is weighing down stock market: Key factors behind the decline
The stock market on Tuesday ended in red as NSE benchmark Nifty50 closed at 23,883.45 with a drop of 257.85 points or 1.07 per cent. Sensex also traced a similar path ending at 78,675.18 with a decline of 820.97 points or 1.03 per cent.The early market presented a ray of
CEOs in infrastructure and transport sector focus on ESG and Gen AI amid growth prospects: KPMG, ET Infra
Infrastructure and transportation CEOs worldwide are increasingly prioritizing Environmental, Social, and Governance (ESG) strategies and generative AI (Gen AI) investments to bolster customer relationships, meet decarbonization targets, and drive business growth, according to a recent survey by KPMG. The KPMG Infrastructure and Transport CEO Outlook, now in its tenth year,
ADB approves $21.95 million loan, grants to Maldives, Infra News, ET Infra
MANILA: The Asian Development Bank (ADB) on Monday said it has approved a financing package of $21.95 million to boost Maldives’ capacity to combat the effects of climate change and ensure the sustainability of its food systems. The ADB said in its press release that the financing package comprises a
Bitcoin nears $90,000: How can I trade cryptocurrencies in India?
Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. (Reuters file photo) Bitcoin has once again captured headlines with a record-breaking rally, touching nearly $90,000 following Donald Trump’s win in US presidential elections. This surge represents an over 25% gain since the announcement of
Stock market today: Sensex gains 150 points, Nifty holds at 24,200
NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII)
SIP flows hit record Rs 25,ooo crore 6 months after crossing Rs 20,000 crore
MUMBAI: Investors poured a record amount of money into mutual funds through systematic investment plans in Oct, largely ignoring a sliding stock market. Last month’s gross SIP inflow in fund houses stood at Rs 25,323 crore — the first break above the 25K mark ever — data released by Amfi
AP govt’s Rs 2.94 lakh cr budget focuses on welfare, infrastructure, ET Infra
AMARAVATI: The Andhra Pradesh government on Monday presented a budget of Rs 2.94 lakh crore for the 2024-25 fiscal year, with Finance Minister Payyavula Keshav asserting it was aimed at “restarting the financial wheels of the state.” The budget allocated Rs 16,739 crore for Panchayat Raj and Rural Development, a