Experts say that despite the sizeable client base, PMS providers lag their domestic MF counterparts by quite a distance, when it comes to reporting and disclosure standards.
The difference, however, lies in Satyam over-stating its revenue, cash position and profits, while Maytas Infra under- stated its profit in April-June quarter and the discrepancies were 'duly accounted for' in the company's books later. While the role of auditors in Satyam fiasco is questionable as of now, it was statutory auditors of Maytas Infra who pointed out the under-statement in its books.
Manchester United winger Nani is reportedly on his way out of the club after being repeatedly dumped from the first-team.
Sardar Udham sets a great standard which, Utkarsh Mishra believes, would be emulated by other film-makers who want to make movies of this genre.
Midfielder Dejan Stankovic netted with a remarkable volley from the halfway line to help Inter Milan triumph 5-0 at Genoa to surge clear at the top of Serie A on Saturday.
A depleted Mohun Bagan, without skipper Baichung Bhutia, suffered a 0-4 drubbing at the hands of Al Karamah in their last AFC Cup Group D match and ended their season on a disappointing note, in Howrah, on Tuesday. Bagan ended their AFC Cup campaign, losing all their six matches and conceding 19 goals.
Kane Richardson says coach Andrew McDonald 'camped out' at the Wankhede Stadium on Saturday night to check on dew
David Miller and Faf du Plessis scored sparkling centuries in a partnership of 252 runs as South Africa beat Australia by 40 runs in a one-day international, in Hobart, on Sunday, to win the three-match series 2-1.
He may not have been declared Bharatiya Janata Party's prime ministerial candidate just yet but Gujarat Chief Minister Narendra Modi on Wednesday seemed to have already donned the mantle when he said the nation would be comparing his speech with that of Prime Minister on Independence Day on Thursday.
The fight between Toyota and GM may be is over elsewhere -- but we may have just witnessed the beginning of a new war today. A war that will be played in developing markets like India.
A downgraded Hurricane Gustav packed with strong winds and heavy rains lashed the Gulf coast on Monday but spared New Orleans, the city which was devastated three years ago by Hurricane Katrina.Fearing a repeat of the 2005 Hurricane Katrina disaster, more than two million people fled their homes from coastal Mississippi, Albama and South-eastern Texas ahead of the storm, which was at one stage forecast to attain highest Category 5 before making the landfall.
Here are the answers to five most frequently asked questions during a job interview.
Buyers of unit-linked insurance policies can now heave a sigh of relief. The insurance regulator, Insurance Regulatory and Development Authority of India has issued a standard format that will simplify things for the policyholder and arrest the rampant mis-selling.
The financial planner is someone who can help you invest across investment avenues based on your risk profile and investment objectives
Experts say the size of the fund shouldn't be a primary criterion for selection.
Reader Atul Deshpande sent us this picture from Doha.
There are very few takers for B Ramalinga Raju's astounding claim that the margin earned by Satyam in the quarter ended September 2008 was just 3 per cent, and not 24 per cent as reported in the results.
Sabare International, a Karur-based home furnishings company, has taken ICICI Bank to court over a foreign exchange derivative contract. The company has requested the Karur civil court to declare the contract void. This is the second company to have gone into a legal dispute with ICICI Bank after the Chennai-based Sundaram Multi Pap, which had alleged "mis-selling of certain foreign exchange derivative contracts for speculative purposes".
Milkha Singh is back among the elites again with the latest world golf rankings putting the Indian pro on the 46th place after his sensational triumph at the Singapore Open. Jeev claimed a thrilling one-stroke victory over multiple Major winners Padraig Harrington and Ernie Els at the Singapore Open on the Asian Tour at Sentosa Golf Club's Serapong course on Sunday.
Images from Day 4 of the fourth Ashes Test, at Old Trafford, Manchester.
Obafemi Martins scored twice as Newcastle United produced a stirring second-half performance to beat Aston Villa 2-0 on Monday to move off the bottom of the Premier League.
In a note to customers, the country's largest lender State Bank of India said, 'Interest shall continue to accrue on the outstanding portion of the term Loan during the moratorium period'. The accrued interest will be collected by the lender in the form of additional EMIs from those borrowers who opt for the three-month moratorium.
Many a time, investors get carried away by the high returns offered by a particular offering. Out of sheer ignorance most investors do not bother to question the authenticity or the transparency of the examples/illustrations that have been used to project the high returns.
Tax collection at source would lock in Rs 400 crore of seller money, say Flipkart, Amazon, Snapdeal.
Former Indian table tennis star Virendra "Monty" Merchant, 64, died in Washington on Wednesday. Merchant, who is is survived by his American wife and mother, was cremated on Thursday.
Sergio Aguero struck twice as Manchester City moved into second place in the Premier League, two points behind leaders Liverpool, with a 3-1 win at Bournemouth on Sunday. Just three weeks into the new season and last year's top two clubs are already perched at the top of the table.
The mystery over the death of Padmapriya, wife of Karnataka BJP MLA B Raghupathy Bhat, deepened on Monday with the legislator accusing his friend of "coercing" her even as the state Home Minister maintained that it was a case of suicide after kidnap.
Rafael Nadal said he played near to perfection in his 6-1, 6-3, 6-0 drubbing of world number one Roger Federer for his record-equalling fourth consecutive French Open title on Sunday. The second-seeded Spaniard, who is unbeaten on the Paris clay since his debut in 2005, prevailed after only one hour and 48 minutes against a clumsy top seed.
"We need to have that independent judicial inquiry first to establish all the facts that are currently in the private possession of a number of minister" Rudd added.
Maggi re-entered the market on November 9.
Chelsea manager Maurizio Sarri made a winning start to life in the Premier League as his team enjoyed a 3-0 win over Huddersfield Town at the John Smith's Stadium on Saturday.
It will bring in more transparency and reduce mis-selling
A lot of mutual fund advice/research out there is focussed on how investors must evaluate mutual funds. Unfortunately, that is often not enough, which explains why wrong mutual funds are still sold/bought and mis-selling continues to be the bane of the industry. As a result, a lot of investors who end up investing in the wrong investment are left very disillusioned with how their investments have performed. All this can be prevented if investors are armed with two rules.
Many farmers in drought hit states are seeking MGNREGA work but the state government's coffers do not have enough fund to pay the salaries of these workers.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
After winning the 2nd T20I with ease, the Windies go into the decider with confidence and the tie will certainly not be a cakewalk for the hosts, who will look to seal their second T20I series this season.
Temperamentally, they are like chalk and cheese but for every Virat Kohli, an Ajinkya Rahane is needed. This is because they come together to create a nice balance of caution and aggression that any champion outfit needs.
Jitender Kumar, Diwakar Prasad and Manoj Kumar were outclassed in their quarter-final bouts at the Asian Games.
The decision was taken after opposition by right wing Hindu groups across the country, who have called for expulsion of Pakistani artistes from India after the Uri attack that killed 18 soldiers.
'The spelling mistakes have screwed up the Index section of the book as well,' The News reported from Washington.
