While the audit fee hike is marginal, the sharply increasing complexity in business operations, heightened regulatory oversight on listed companies, growing complexity in reporting requirements, and escalating talent and organisation costs every year are putting auditors in a tough spot.
Potential investors can benefit from growth potential by exploring the top 10 Nifty 500 companies that are currently trading at significant discounts from their 52-week highs. These companies include ACC Ltd., Aarti Industries Ltd., Aavas Financiers Ltd., Adani Enterprises Ltd., Adani Green Energy Ltd., Adani Power Ltd., Adani Total Gas Ltd., Adani Transmission Ltd., Adani Wilmar Ltd., and Aditya Birla Fashion and Retail Ltd. However, thorough research and analysis are essential before investing in the stock market, and consulting with financial advisors or experts is recommended to mitigate risks and maximize potential returns.
Employee costs of Nifty 500 companies clocked an eight-year high growth rate of 12.4% year-on-year (y-o-y) to ₹10.8 trillion in FY22, after single-digit growth in FY20 and FY21, according to Motilal Oswal Financial Services.