Economic Times Top Stories

• NFRA flags independence gaps, revenue audit failures, and disclosure lapses at MSKA; firm defends compliance, cites ‘professional judgement’
• Iran-US war: How India Inc CFOs are hedging their bets amid global turmoil
• Tax disputes need accountability, swift resolution, say experts
• NFRA flags audit deficiencies at PwC, KPMG, EY, BDO affiliate firms; cites independence breaches and weak audit scrutiny
• I-T depart litigation success rate falls to 12% at HCs; panel flags mechanical appeals, seeks expert litigation committee
• NFRA, ICAI mull mechanism to boost regulatory coordination
• Par panel recommends 'paradigm shift' in I-T dept's litigation mechanism; suggests setting up expert panel
• Parliamentary panel urges NFRA to conduct sectoral studies, frame industry specific audit guidance
• Impact of Gulf war: Input costs make electronics, cars & more goods expensive

Economic Times

• Iran war: Gas fields become the battlefield. What happens now?
• Rupee caught in perfect storm: Is 100 per dollar looking more certain than ever amid Iran war?
• Stock market crash today: Rs 7 lakh cr wiped out! Sensex plunges 1,900 pts, Nifty below 23,200; 8 factors why stock market is down
• RBI sees no governance concerns at HDFC Bank after Atanu Chakraborty's exit, approves interim transition
• NFRA flags independence gaps, revenue audit failures, and disclosure lapses at MSKA; firm defends compliance, cites ‘professional judgement’
• Hormuz chokehold leaves over 1.7 million tonnes of India's oil, LNG and LPG cargo stranded
• Nazara Technologies to acquire 50% stake in Spain-based Bluetile, BestPlay for $100 million
• From hospitals to govt offices: What counts as 'industry'? & why a 9-judge Supreme Court bench is revisiting a 1978 ruling
• India's tax coffers swell as direct tax collections cross ₹22.8 lakh crore, up 7.2%
• From airlines to chemicals: Iran war may deepen raw (material) wounds, leave India Inc bleeding

CA Club India

• ICAI Releases CA Final May 2026 Indirect Tax Laws Guidelines
• ICAI Releases GST Study Guidelines for CA Intermediate May 2026 Exams
• Major GST Reform: Goa Holds Property Owners Accountable for Event Taxes
• RBI Launches DLA Directory, Tightens Norms Against Illegal Loan Apps
• Banks Asked to Adopt Sign Language and AI for Hearing-Impaired Customers
• CBDT Corrects Income Tax Amendment Rules 2026 Name via Corrigendum
• Major GST Judgments 2026: No Tax on Member Welfare, Big Relief on ITC Claims
• ICAI Releases Revised Guidance Note on Audit of Banks 2026: Key Updates for Auditors
• GSTAT Issues New Filing Instructions for Appeals: Mandatory Documents and Pre-Deposit Rules Clarified
• Raghav Chadha Proposes Optional Joint Income Tax Filing for Married Couples in Parliament

BBC News

• How Europe sleepwalked into yet another energy crisis
• World's longest coastal path opens in England
• 'Designer' dog owners report more problem behaviours, vets warn
• Police investigating bailout email from Mandelson to Epstein
• Better NHS care might have saved 58 babies, BBC finds
• Cyprus leader calls for frank discussion on 'colonial' UK bases
• Trump threatens to blow up 'entirety' of major Iran gas field if it attacks Qatar again
• How the war may affect money and bills
• US intelligence chief says Iran's regime 'intact' but 'degraded'
• Why the Strait of Hormuz matters so much

Yahoo News

• About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
• Boys accused in gang rape of 12-year-old girl ask judge to let them out of jail
• Married High School Teacher Arrested for Sexually Assaulting Student She’d Said ‘I Love You’ To
• Newly discovered Whitey Bulger writings show former FBI agent was framed, lawyer allege
• Colorado Police Arrest Woman Begging in a Grocery Store After She Drives Off in Luxury Sports Car
• Baby’s father ‘in kitchen making formula when mother threw her out of window’
• Georgia was going to dump voting machines that Trump hates until things got complicated
• Unredacted Epstein File Exposes What Trump Really Said About Pervert
• Infant hospitalized with herpes after circumcision involving direct oral suction
• Saudi Arabia reserves right to military action against Iran, foreign minister says