Business

Setting aside the ban on PwC, SAT said, only the national auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

The motor company finds itself in a crisis once again following Hiroto Saikawa's admission last week that he was being overpaid by tens of millions of yen in violation of internal procedures.

According to the PRAAPTI portal, the total outstanding of the discoms to gencos as of July this year stood at Rs 73,425 crore, including the overdue amount of Rs 55,276 crore.

Domestic bourses opened on a positive note on Friday with benchmark indices Sensex trading 153.43 points higher at 36,797.85 and Nifty up 44.20 points at 10,892.10.

A two-member principal bench of the NCLT has also said the criminal cases against the promoters of BPSL for siphoning of the funds from the company will not to impact JSW Steel as its new promoter.

Forex traders said rupee was supported by higher opening in domestic equities, which opened on a positive note with Sensex trading 119.07 points higher at 36,843.81 and Nifty up 40.95 points at 10,885.60.

This comes after Central Statistical Office (CSO), last week, in its official release stated that India grew at its slowest pace in the last 25 quarters.

On Monday, gold prices stood at Rs 38,449 per 10 gram, while silver was at at Rs 46,880 per kilogram. In the international market, gold prices ruled at USD 1,530 an ounce in New York while silver was quoted at USD 18.50 an ounce.

The founder of Mobius Capital Partners said though a slide in emerging markets provides a good buying opportunity for some countries and stocks, falling interest rates will lead to irrational capital allocation and an eventual crash.

The resignation has come at a time when two promoters of the airline are engaged in a fued.

RBI which had run a public awareness campaign in 2017, has so far been using the media, including audio-visual and text messages (it sent 241 crore SMSes) to reach out to the public in FY19, as per the RBI annual report 2019.

Credit flow from NBFCs to the commercial credit stood at Rs 9.34 lakh crore as of FY19, down from a high Rs 11.60 lakh crore as of FY18, the RBI says in its annual report for 2019, released on Thursday.

Traders and analysts said higher uptake by local jewellers ahead of festive season and investors preferring the yellow metal as a safe-haven asset helped the yellow metal touch its new all time high level.

IDBI Bank Ltd shares plunge over 10% after rating Agency S&P placed the bank on credit watch negative due to capital breach.

A Bloomberg report quoted Joanna Kwok, who co-manages the JPMorgan Asia Growth Fund, as saying that investors should hold on as valuations suggest “decent” returns in the next 12 months.

Indonesia was the main supplier for India for thermal coal while Australian exports were going to China, Japan and South Korea.