SpiceJet hits air pocket as losses mount

On a full year basis, SpiceJet made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets.......

57% investors say Big-4 auditors have no credibility: Survey

It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators. Illustration: Dominic......

Adverse action on audit firms may put IT cos in a spot

Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms.Owing to many alleged auditing lapses, the regulators have......

SpiceJet loss widens 59% to Rs 275 cr

SpiceJet’s net loss in the quarter ending December 31, 2014, widened 59 per cent to Rs 275 crore (Rs 2.75 billion) on a decline in revenue, higher finance costs and aircraft redelivery......