The NFRA penalizes and bans Cafe Coffee Day auditors
National Financial Reporting Authority (NFRA) has taken stern action against two auditors and the audit firm of Cafe Coffee Day Global for "professional misconduct" and failing to report irregularities in the company's books in 2019–20.
Independent Director Subodh Kumar Goel Resigns from GMR Power board
GMR Power and Urban Infra Limited announced the resignation of Independent Director Subodh Kumar Goel on 28 July 2023.
MM Financial shareholders confirm Rebello as new CEO, Sarwate’s term extended by 5 years
Mahindra & Mahindra Financial Services Limited extended Independent Director Milind Sarwate's term for Next five years commencing from 1 April 2024 to 31st March 2029.
European antitrust authorities are looking into Microsoft over Teams
The European Commission announced this week that authorities in Europe are looking into Microsoft's practice of bundling its Teams software with Office 365 to assess if it is anti-competitive.
SBI Life Insurance reappoints three Independent Directors
Narayan K. Seshadri, Shobinder Duggal and Tejendra M. Bhasin have been reappointed as the Independent Directors of SBI Life Insurance Company Limited on 28 July 2023.
Nazara Technologies appoints Varsha Vyas as Company Secretary
Varsha Vyas has been appointed the Company Secretary of Nazara Technologies Limited on 28 July 2023.
Smita Mankad appointed Independent Director of Swaraj Engines
Swaraj Engines Limited has appointed Smita Mankad as a Non Executive Independent Director of the company on 28 July 2023. Her term will be starting from Tuesday 1 August 2023.
Fino Payments Bank Appoints Ashish Pathak as the CEO
Fino Payments Bank Limited has appointed Ashish Pathak as the Chief Executive Officer on 28 July 2023.
BBC Board Appoints Chris Jones to Lead the Audit and Risk Committee
Chris Jones has been appointed by the BBC Board to serve as a non-executive director and as chair of the Audit and Risk Committee.
U.S. accounting watchdog notes an increase in audit flaws
The Public Company Accounting Oversight Board (PCAOB) that regulates accounting practices in the US is not satisfied with the standard of audit work.
