Jio Platforms' Haptik claims 300% yoy growth, bets on Whatsapp e-comm NFRA has no jurisdiction over small, medium companies, says ICAI

Jio Platforms' conversational AI maker Haptik is tripling business on year-on-year basis and is bullish about ecommerce facility getting developed on instant messaging app Whatsapp, a top official of the company said. Jio Haptik Technologies co-founder and CEO Aakrit Vaish told PTI that the business of the company is growing overseas with the US being its primary market.

Coming out strongly against certain recommendations made by NFRA, chartered accountants' apex body ICAI on Sunday said the watchdog does not have jurisdiction over micro, small and medium companies, and asserted that audit helps in mitigating the risk of corporate governance lapses.

The Institute of Chartered Accountants of India (ICAI) also stressed that "there is no direct nexus between the quality of the audit and the cost of conducting the audit as is mentioned in a consultation paper by NFRA as the auditors have to comply with the standards in auditing and other relevant standards while conducting an audit".