Most of the investing risk comes from the amazingly wrong, stupid, egoistic assumptions that we make. Here are four of them...
PwC is the auditor of Satyam Computer Services whose founder Ramalinga raju earlier this month admitted to financial irregularities of about Rs 7,800 crore (Rs 78-billion). The newly-inducted board of the company later hired two foreign audit firms -- KPMG and Deloitte Touche Tohmatsu -- to restate the accounts books.
Satyam has initiated discussion with a host of banks and institutional investors to get funds to keep its business afloat and has pledged some of its receivables to secure funding, Parekh told reporters in Mumbai on Wednesday. Satyam's new board will meet on Thursday and the day after to discuss issues including appointments of top executives and ways to raise funds, Parekh said.
Participants can provide anonymous feedback on market manipulation.
Disgraced retired cyclist Lance Armstrong has yet to hand back his Sydney 2000 Olympic medal to the International Olympic Committee (IOC) nine months after he was stripped of it, officials said on Monday.
Be extra careful while using credit cards because there is a risk of misuse
News of all that's transpired on and off the football field
The suit was filed on behalf of purchasers of Satyam's ADRs between January 6, 2004 through January 6, 2009. Price Waterhouse, the Indian unit of the global audit major, has been maintaining that it followed all the standard accounting principles while auditing the books of Satyam Computers. However, it also said that its auditing on Satyam could be construed invalid if the statements made by Raju in his admission letter on January 7 about the fraud were correct.
Sebi said it was constrained to approach the apex court for urgent relief related to the most serious financial scam that had large-scale national and international ramifications. A bench headed by Chief Justice K G Balakrishnan allowed Sebi to mention the matter on Tuesday after solicitor general G E Vahanvati and counsel Pratap Venugopal submitted the request on behalf of Sebi.
Be cautious when purchasing from little-known Web sites.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
'Any normal human being, even if he is the American president, will find it hard, at least in the initial stages, to get over the gnawing feeling that Modi is Trump's man.' 'Modi should not be surprised if India and its requirements are treated as of low priority by Joe Biden,' warns B S Raghavan, the distinguished civil servant.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
Raju need not fear ostracism once he's out - society will embrace him. Size is a national obsession. Indians have stashed away more than anyone else -- a noble $1,456 billion -- in Swiss banks. We thrive on superlatives. Even Jawaharlal Nehru rejoiced in the Suratgarh farm being "the biggest farm in Asia".
Audit firm PricewaterhouseCoopers, which has major companies like HCL Infosystems, GMR Group, Bosch, and Maruti Suzuki among its over 100 clients in India, faces a possible axe after its role has come into question in the Satyam fraud case, of about Rs 7,800 crore (Rs 78 billion).
Barcelona soccer star Lionel Messi has been sentenced to 21 months in prison after a court in Barcelona found him guilty of three counts of tax fraud, a statement from the court said on Wednesday.
'This is a landmark moment for Lord's, with women's cricket now documented in the dressing rooms for the first time.'
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
More than 80 executives participated in the survey that was done from April to June this year.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
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The Securities and Exchange Board of India (SEBI) unveiled new proposals, broadening the scope of who can be held liable for insider trading violations.
A summary of sports events and persons who made news on Thursday
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
Govt tells PSBs to integrate banking systems, rotate staff as a policy
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
Alstom is accused of paying bribes to Indian public officials to secure Delhi metro contracts.
Modi, 46, who had figured in the Forbes' list of richest Indians, has been named in the cheating case on a complaint from the PNB, which alleged that the jewellery firm owner, his brother, wife and Choksi entered into a criminal conspiracy with the officials of the bank and cheated it, causing a "wrongful loss".
Insider trading -- dealing in securities with prior access to unpublished price-sensitive information -- has been attracting regulatory attention worldwide.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
In the corporate world, 70 per cent of white collar crimes are committed by people between 36 and 55 years
Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found on Sunday in leaked documents which reveal offshore financial dealings.
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland on Monday said it is looking forward to working together with the new government of India in its fight against tax evasion.
Accounting firm, Ernst and Young auditing the UN World Intellectual Property Organisation has cleared it of allegations of corruption.
The Enforcement Directorate (ED) ED will soon seek an Interpol arrest warrant against liquor baron Vijay Mallya based on a non-bailable warrant issued on Monday by a Mumbai court in a money laundering case.
The debt-laden Kingfisher Airlines stopped operations in October 2012.
'Our great Indian nationalists are rousing passions against their own people, not against another nation. Our fraud nationalists go after their own citizens for their religion, or for their views. Their concern and their passion is the enemy within. That is not love of nation or love of anything else. It is hatred and it is bitterness,' says Aakar Patel.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
