The Companies (Auditor’s Report) Order, 2020 (Caro 2020) will be applicable for audit of financial statements of eligible companies for financial years commencing on and after April 1, 2019, and would be applicable to all those companies on which Caro 2016 was applicable.

The Jewar airport in Greater Noida will act as a second airport for the capital city, where, a study carried out by government said, that the existing airport is set to exhaust its capacity of over 100 million by 2023-24 – the airport in Jewar is expected to start operations around the same time.

A two-member NCLAT bench led by Chairman Justice S J Mukhopadhaya dismissed the pleas of auditors and other independent directors. The appellate tribunal, however, granted a relief to both auditors and other independent directors by allowing the operation of its earlier interim order passed on July 29, 2019 for two weeks.

The company, which had set up its first office in 2004, has nearly 250 employees in the country and looks to hire more technology professionals here as they see a talent war at their headquarters in the US, said Kurt Gresens, managing partner, Wipfli. The consulting firm said it would expand its offices here at a bigger facility at a technology park in the southwestern part of Bengaluru.

The Big Four employ about 200,000 in India. On average, around 40% are women. Clients of the Big Four are pressing for better diversity at workplaces to make them future-ready, a senior partner with a Big Four firm said. However, women in leadership roles cannot be increased overnight, countered another senior executive.

The central bank has been in touch with auditor BSR & Co., which is a part of KPMG India, over the past few months. But the central bank will now specifically look at whether the auditor had issued any warnings over the past 12 months. Officials aware of the central bank’s plans told ET that RBI officials had already held meetings with Yes Bank’s new audit committee.

“Grant Thornton has already started scrutinising documents related to transactions,” said one of the persons in the know. “The existing administrators want to make things transparent so that the matter does not impact the valuation of DHFL assets.”

According to the report by Centre for Economic Policy Research (CEPR), a rapid increase in the volume of data requires auditors to be equipped with the latest available technological tools to analyse a much higher volume of data in their audits than previously required.

PwC India is deferring promotions, increments and bonuses for all its employees in India due to Covid impact.

With the new announcements, Deloitte’s partner tally crosses 480. The promotions were across the five verticals — audit, tax, consulting, financial services and risk— but audit division saw the maximum number of partner induction (over 10).

Several industry bodies have told the government that the existing framework in this regard is adequate and benchmarked with the best global practices.

Private labs, which had termed the Rs 4,500 cap as being on the ‘moderate side’, objected to the order as there was no clarity regarding reimbursement for the free tests.

The Bombay High Court said that the Ministry of Corporate Affairs (MCA) can’t take action against the two.

The Centre plans to contest in the apex court a Bombay High Court ruling that disallowed a government petition that had sought to take action against Deloitte and KPMG-affiliate BSR & Associates LLP, auditors of the crisis-hit IL&FS Financial Services (IFIN).

Passengers will have to pay double the fare for service scheduled from May 11

The skill development and entrepreneurship ministry has received multiple queries from firms abroad on apprenticeship norms in India as they scout for new destinations under their ‘one plus one strategy’ of having at least one manufacturing facility outside China.

More than 200 director-level and above posts were available over the past week, according to Xpheno, a staffing firm that compiles data from job portals, LinkedIn and company sites.

Daily wage workers and those employed by small businesses have had to take the biggest blow.

The survey titled ‘Covid-19 and its impact on jobs at India Inc’ aims to understand the impact of the lockdown on the country’s employment scenario. It received 1,345 responses from HR professionals working in different sectors.

The company is planning to hire 1000 employees by the end of June across markets. Companies such as Infosys, Wipro, TCS, WNS and others have delayed pay hikes and put promotions on hold as they see uncertainty over business growth in the wake of the coronavirus outbreak across key markets. CSS Corp has also paid 100% of variable salary to the majority of its employees.

The decline in hiring is led by industries like hotel/restaurant/travel/airlines (-91%), auto/ancillary (-82%), retail (-77%) and accounting/finance (-70%). The job market across cities registered a double-digit dip in hiring. The decline was led by metros wherein Delhi declined by 70% followed by Chennai (-62%), Kolkata (-60%) and Mumbai (-60%).

According to staffing company Genius Consultants '9th Hiring, Attrition and Compensation Trend 2020-21', around 81 per cent of the respondents have shown interest to carry on with existing manpower and retaining them.

As India Inc prepares for offices to open post the lockdown, the survey assesses the anxiety level of employees and shows a strong desire to do what’s right by their co-workers by complying to new health monitoring compliances, along with a high degree of awareness of changes in routine that await them.

The challenge of retaining staff despite 12.2 crore people losing their jobs in India last month shows how difficult it will be for Modi to restart Asia’s No. 3 economy, where the bulk of the workforce comprises so-called informal labour that are denied security and benefits. Economists predict a rare contraction in national output.

Justice (retired) Fazal-e-Miran Chauhan submitted his detailed judgement on the case to the Pakistan Cricket Board, which made it public on Friday.

Outwits RoW after drawing with Russia and losing to USA

With events dropping off, keeping the horses fit has become his priority.

John Coates cites the examples of positive Summer Games that followed the two world wars of the 20th century.