Over 78 percent of accountants said they experienced the need for accuracy verification in entered data, resulting in heightened labor-intensity during audit preparations, the study added
Because of the negative economic environment, it will be difficult for banks to fund the large ticket infrastructure projects.
Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects.
Sandeep Shenoy, Head of Research, Antique Stock Broking talks to CNBC-TV18 about his cherry picks for the day.
IL&FS Financial Services (IFIN), the investment banking arm of the IL&FS Group, today announced financial closure for its five projects worth Rs 7,430 crore.