SEBI Appoints Forensic Auditor to Review Tarc Financial Statements

18 Dec 2024 CW Team

Securities and Exchange Board of India (SEBI) on Monday appointed a forensic auditor with respect to financial statements of Tarc, a luxury housing developer, for Financial Years 2020-2I to 2022-23. SEBI believes that the disclosure of financial information and business transactions of the Company have been dealt with in a manner which may be detrimental to the interest of investors or the securities markets; and/or an intermediary or a person associated with the securities market, Tarc said in an exchange filing. The company said that it will all necessary information, assistance and cooperation in this regard and shall inform the exchanges of any further developments in the matter. The company remains committed to maintaining the highest standards of corporate governance, ensuring that all processes are conducted with integrity and transparency, the statement added. Further, the company said that it would not impact on financial, operational or other strategic objectives. It will also not impact the strong growth trajectory and long-term value, Tarc added.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

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Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

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