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Roving Periscope: Niger’s junta to prosecute toppled President for ‘high treason’

Vinayak Barot
Virendra Pandit    New Delhi: Western African landlocked nation Niger’s military regime announced on Sunday to prosecute ousted President Mohamed Bazoum for “high treason” and slammed West African leaders for imposing sanctions on the country. On Saturday last week, New Delhi advised about 250 Indians stranded in Niger, a former French colony, to leave the […]
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886
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The case of Deloitte in the IL&FS crisis underscores the need to reassess and strengthen mechanisms for holding auditors responsible

Vinayak Barot
In the complex world of financial oversight, auditors hold a position of utmost importance. Their role involves verifying financial statements and ensuring transparency, which in turn maintains the integrity of corporate practices. However, recent financial scandals have raised doubts about auditors’ accountability, particularly when their own involvement is suspect. The case of Deloitte in the […]
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ai
Business

Technology: OpenAI may go bankrupt in 2024!

Vinayak Barot
Virendra Pandit   New Delhi: In the fast-changing Artificial Intelligence domain, OpenAI, which came with a bang in 2022, may go bankrupt in 2024, the media reported. The reason is the exorbitant costs involved to run OpenAI’s tool ChatGPT which took the world by storm this year. Initially, Microsoft announced a new multiyear, multibillion-dollar investment […]
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G-20: Members’ coop can prevent economic offenders from crossing borders, says PM Modi

Vinayak Barot
Virendra Pandit    New Delhi: Asserting that cooperation between G-20 member nations can prevent economic offenders from using legal loopholes to cross borders, Prime Minister Narendra Modi on Saturday said an informal agreement between these countries’ enforcement agencies would strengthen their drive against fugitive criminals. Addressing via video-conferencing the Anti-Corruption Ministerial Meet of G-20 under […]
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pak
Business

Roving Periscope: Now, Pak SC throws a spanner in ex-PM Nawaz’s return from self-exile

Vinayak Barot
Virendra Pandit    New Delhi: In the ongoing political drama, Pakistan Supreme Court on Friday unanimously struck down a recently-passed judgments review law, which will now dim former Prime Minister Mohammad Nawaz Sharif’s prospects to challenge his lifetime disqualification from contesting elections and return home. The apex court’s ruling came on the day his younger […]
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torrent
Business

Torrent Power reports Q1 FY 2023-24 results: ₹ 7,328 crs in Q1 FY 2023-24 compared to ₹ 6,510 crs in Q1 FY 2022-23, up by 13%

Vinayak Barot
August 10, 2023: Torrent Power Limited (the “Company”) today announced financial results  for the quarter ended June 30, 2023.   The major reasons for improvement in the Total Comprehensive Income for the quarter on y o-y basis are:  ⇧ Increase in contribution from merchant power sales in gas-based power plants;  ⇧ Increase in contribution from licensed […]
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