13 November 2024 News and Updates

13th November 2K24 and updates

📝 Railways spends 61% of budgeted allocation till October via Rs 1.63 lakh crore capex

📝 Five WTO nations flag India's market price support for wheat, rice

📝 Pharma market sees 6.1% growth in October despite subdued volumes

📝 Sebi simplifies registration of certain categories of FPIs

📝 Religare Enterprises Q2 Results: Net profit shoots up 70% to Rs 68 crore

📝 Sunteck Realty Q2 Results: Net profit up 348% YoY to Rs 35 crore

📝 NTPC Green seeks $12 billion valuation for its IPO

📝 Sebi gives nod to Inventurus and Manjushree Technopack to float IPOs

📝 Industrial output expands 3.1% in September on base effect, festivals

📝 India's retail inflation in October quickens to 6.21%, breaches RBI tolerance band for first time since Aug 2023

📝 Funstop Games raises $5 million in its Series A funding

📝 Gardening startup Ugaoo raises Rs 47 crore led by V3 Ventures

📝 B2B startup StampMyVisa raises Rs 6.6 crore from Unicorn India Ventures

📝 Razorpay launches venture investment programme in partnership with VCs

📝 Wilson & Hughes PE acquires travel firm Cox & Kings assets, brands

📝 RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh

📝 SoftBank returns to quarterly profit with $7.7 bn gain, beats expectations

📝 L&T bags over Rs 15,000 crore NTPC order for thermal power plants

📝 GIC Re Q2FY25 results: Net profit increases 16% to Rs 1,860.76 crore

📝 Honeywell India supports deep science startups in collaboration with IISc

📝 JSW Defence partners with Shield AI, to invest $90 million in 2 years

📝 Air India-Vistara merger completed; Singapore Airlines gets 25.1% stake

📝 DBS Bank India awaits RBI nod for new CEO as incumbent Shome set to retire

📝 Metropolis Healthcare plans to expand reach to 1,000 towns in 18 months

📝 Zydus Lifesciences net profit up 14% on strong India, US formulations biz

📝 Unicommerce announces acquiring e-commerce technology platform Shipway

📝 IndiGo working with aviation ministry to extend lease of Boeing 777 planes

📝 PSBs register strong business growth of 11% in H1 FY25, says FinMin

📝 Money matters: States' borrowings at 60% of Dec target, shows data

📝 Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22

📝 MedTech sector to touch $20 billion by FY27, Govt scheme to boost domestic manufacturing

📝 Centre urges states to list electricity utilities

📝 90 per cent of India-Russia trade in local currency now

📝 Startup funding hits $10 billion in October

📝 Q3 exports to grow 1.8 per cent on year: Exim Bank

📝 Rupee weakens further, hits new closing low of 84.40 per dollar

📝 Swiggy IPO to unlock Rs 9K-crore benefits for employees

📝 SEBI extends deadline for public comments on digital platforms proposal to November 26

📝 Zinka Logistics Solution IPO raises ₹501.33 crore via anchor investors

📝 NFRA Board revises all audit standards despite ICAI dissent

📝 PM Modi to attend G20 Summit in Brazil, visit Nigeria & Guyana

📝 India ranks among top 10 globally for patents, trademarks, industrial designs

📝 BSE Q2 results: Net profit soars 193% YoY to ₹346 crore, revenue up 2-fold

📝 Govt sanctions first-ever all-women CISF reserve battalion of 1,000 personnel

📝 BCCI seeks withdrawal of insolvency proceedings against Byju’s

📝 Profit of Indian public sector banks jumps 35.4% to ₹45,550 crore in Q2

📝 Samvardhana Motherson Q2 results: Net profit soars 222.5% to ₹948.81 crore

📝 Demat accounts reach 179 mn; new additions fall to 3.5 mn in October.

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✅Announcement regarding Revised Criteria for classification of Non-company entities for applicability of Accounting Standards - (08-11-2024)

https://resource.cdn.icai.org/82761asb66837.pdf

✅Amendments to AS 22, Accounting for Taxes on Income issued by the ICAI (For non-company entities) - 

https://www.icai.org/post/amendments-to-as22-nce

✅Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 2) Released by Auditing and Assurance Standards Board - 

https://www.icai.org/post/aasb-guidance-on-non-compliances-qrb-v2

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