Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya. The regulator also told Embassy Office Parks to appoint an interim CEO with immediate effect. This interim order follows a previous order by the National Financial Reporting Authority (NFRA), which debarred Maiya … Read more
Jairam Ramesh. File | Photo Credit: ANI The Congress on October 26 cited a media report that one of the Adani Group’s long-time auditors is being scrutinised by India’s accounting regulator to allege that “something is truly rotten” in the conglomerate. Congress general secretary Jairam Ramesh’s attack on the Adani Group came after a media … Read more
IL&FS reported Rs 201.96 crores as Profit Before Tax (PBT) for the year 2017-18, which was after including the credit. The IL&FS crisis, which shook the foundation of non-banking financial services in India, has taken a new turn after the National Financial Reporting Authority (NFRA) released its new report today. In the Audit Quality Review … Read more