News digest: Fortis financial results, US-China trade war, and more

From Auditor Deloitte issuing 'qualified opinion' on Fortis financial results to Centre planning to cash in on defence real estate, BS brings you up to date with the latest news

Auditor Deloitte raises red flag over Fortis Healthcare's financial results

Delhi-headquartered hospital major Fortis Healthcare on Saturday released its audited results for the fourth quarter and financial year 2017-18, which were largely in line with the unaudited numbers announced last week. However, auditor Deloitte Haskins & Sells raised several red flags, including with regard to additional related party transactions. Read more.

RBI fiat on penalties makes auditors see red; banks may have to pay more

The recent Reserve Bank of India (RBI) circular invoking penalties against bank auditors is likely to push up auditing