India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-saddled Vodafone Idea and its peers down. Analysts at ICRA estimate that Vodafone Idea and Bharti Airtel owe 1 trillion rupees ($12 billion) in past dues,

The Supreme Court has denied Vodafone Idea and Bharti Airtel's curative petition seeking a re-calculation of adjusted gross revenue (AGR) dues totaling over Rs 1 lakh crore. The companies are required to pay the amount by March 31,

The companies in a last-resort petition against a similar 2021 ruling argued the telecom department made errors in calculating adjusted gross revenue (AGR) dues

The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its prosecutions in financial fraud cases.

The ease with which the trade of precious metals and stones can be used to move "large amounts" of funds without leaving an ownership trail shows this sector in India is vulnerable to be used as a tool for money laundering and terrorist financing,

For the non-profit organisations (NPO) sector, the FATF said India should ensure that measures aimed at preventing the sector from being abused for terror financing are implemented.

India is investigating the work environment at Big Four accounting firm EY, the labour minister said on Thursday, after the death of a 26-year-old associate worker was blamed on stress by her mother who demanded accountability.

Issuing a statement on the alleged death of a 26-year-old employee because of 'overwork', Ernst & Young (EY) India Chairman Rajiv Memani has said the fact that no one from the company attended the funeral is alien to their culture.

Following the tragic death of 26-year-old Anna Sebastian Perayil, EY's Chairman expressed condolences, while the Union Labour Ministry announced an investigation into claims of an unsafe work environment.

Republican presidential nominee said at Tuesday rally that Narendra Modi would visit him while in US for a session of Quad security group New Delhi has declined to confirm Donald Trump's claim that Narendra Modi will meet with him when the Indian prime minister spends three days in the US starting this weekend.