GTIL
Andhra & Naidu stocks beating PSU & Modi stocks hands down with Rs 20,000 crore boom
Andhra Pradesh and Chandrababu Naidu-related stocks have surged significantly post-elections, outperforming PSU and 'Modi stocks'. Traders are capitalizing on the momentum, with a focus on Naidu's role in the NDA government and growth potential.
NFRA flags audit lapses by Walker Chandiok, releases inspection report
The National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighting lapses such as the lack of integration between electronic and paper files and the provision of non-audit services prohibited under the Companies Act, 2013. The report also highlighted the existence of related entities of WCCL, Grant Thornton Bharat LLP (GTBL), Grant Thornton Advisory Private Ltd (GTAPL) which are part of a large global "GTIL Network" as per the standard on Quality Control (SQC) 1.
CBI files FIR against GTL Infra, unidentified officials in connection with an alleged fraud
The Central Bureau of Investigation (CBI) has registered a first information report (FIR) against Mumbai-based telecoms infrastructure provider GTL Infrastructure Ltd (GTIL) and unidentified officials in connection with an alleged fraud of ₹ 4,063.31 crore involving a consortium of 19 banks and financial institutions.
CBI books bank officers, GTIL in Rs 4,000-crore loan fraud case
The Central Bureau of Investigation (CBI) has conducted searches at GTL Infrastructure Ltd (GTIL) office in Mumbai after filing an FIR against the company and unidentified bank officials in a loan-fraud case worth over Rs 4,000 crore. Officials from 13 banks are being investigated for allegedly assigning Rs 3,224 crore dues of the company to an asset reconstruction firm without securing their loans from collateral securities.
India CEO appointed to Grant Thornton international board of governors
Grant Thornton India CEO and National Managing Partner Vishesh C Chandiok has been appointed to Grant Thornton International Ltd's Board of Governors, effective January 1.
