financial statements

Anthropic's CFO reveals AI now writes 90% of the company's code, yet hiring is at an all-time high. AI acts as a productivity accelerant, automating routine tasks and allowing human employees to focus on oversight, judgment, and strategy.

Joan Kroc's monumental donation, recognized by Guinness World Records, funded the construction of numerous community centers across the US. These Kroc Centers offer vital recreational, educational, and social services, becoming hubs for community life and fostering social interaction. The legacy ensures sustainable operation, making her gift a tangible and lasting impact on countless lives.

Complaint Filed By Varsity Management After He Allegedly Failed To Flag Fake UPI Entries Masking Cash Misappropriation

Former Microsoft CEO Steve Ballmer is furious after losing $60 million to fintech founder Joseph Sanberg's Aspiration Partners. Sanberg defrauded investors with false environmental claims. Ballmer's reputation suffered, leading to a public campaign against him and an NBA investigation. Sanberg's plea deal and sentencing are pending.

Luther Davis, once a University of Alabama defensive lineman under Nick Saban, now faces federal fraud charges over an alleged $20 million scheme involving impersonated NFL players. Prosecutors say forged identities, shell companies and disguises enabled fraudulent loans. The case highlights vulnerabilities in trust-based financial systems and the exploitation of athlete identities.

Entered Fake UPI Receipts In Software, But Money Never Reached Bank A/Cs

A 4,392-page report on the Mundhwa land deal has exposed illegal transfer of government property, recommending criminal action against officials and buyers. The committee found registration of purchase deeds for government land to be illegal, leading to suspensions and departmental inquiries. Police cases are ongoing, with authorities holding both buyers and sellers responsible for the grave irregularities.

An inquiry into the Mundhwa land deal found no liability for Parth Pawar, but held revenue officials and Amadea Enterprises LLP accountable for illegal government land transfer. Strict action is recommended against those responsible. The report, tabled in the legislature, highlights serious irregularities and calls for systemic reforms to prevent future occurrences.

On Budget day, TOI dissects government finances, detailing revenue sources like taxes and spending across infrastructure, welfare, and interest payments. The article explains why governments borrow to cover fiscal deficits and the implications of revenue deficits on asset creation.

Actress Shilpa Shetty Kundra received a partial reprieve from the ITAT regarding a Rs 12.5 crore gift from her husband. The tribunal ruled that a gift deed and PAN details alone are insufficient to prove a gift's genuineness. The case was remanded for fresh examination, allowing Shetty Kundra to provide further evidence.

"During the financial year 2018-19, a total of 2,25,910 companies have also been identified for action under section 248 of the (Companies) Act for non-filing of due returns for the financial year 2015-16 and 2016-17," Minister of State for Corporate Affairs P P Chaudhary said in a written reply to the Lok Sabha.

THIRUVANANTHAPURAM: Kerala Cabinet has approved the Annual Financial Statement which would be presented in the Assembly along with budget on Feb 4.

The Institute of Chartered Accountants of India (ICAI) has decided to review the financial statements of Yes Bank for two financial years — 2017-18 and 2018-19. The accounts will be taken up for review by the institute’s Financial Reporting Review Board (FRRB).

ICAI will review Gensol Engineering and BluSmart Mobility's FY24 financial statements due to misconduct allegations. This decision follows SEBI's market ban on Gensol's promoters for fund siphoning. The FRRB will assess compliance, and irregularities may lead to disciplinary action and referral to regulatory authorities, while the ministry of corporate affairs considers action against Gensol.