Shareholders say the company has failed to inform SEBI that BSN Tour & Travel, a subsidiary of Bhushan Steel, holds about 2.57% in Orissa Sponge Iron.
The valuation was a challenge as RPL started operating over a month ago, while RIL had more established manufacturing facility.
Cost-conscious managements are asking employees to share rising health insurance bills, which were earlier footed entirely by companies, as part of employee benefits.
Tata Capital, the financial services arm of the Tata group, is considering the possibility of advancing the closure date of its non-convertible debenture (NCD) issue following a favourable response from investors.
Institute of Chartered Accountants of India president Uttam Prakash Agarwal said the institute was close to appointing an Indian audit firm to certify restated accounts of Satyam Computer Services.
Initial investigations by the disciplinary committee of the Institute of Chartered Accountants of India (ICAI) found two members of auditing firm Lovelock & Lewes guilty of professional misconduct in the five-year old case pertaining to the Hyderabad-based Global Trust Bank.
Several large cos have declared Q3 earnings which included losses from forex transactions, apart from losses on the operations front.
The two auditors of Satyam, appointed by PwC to audit the accounts of the company, were not partners of the audit firm at that time. Satyam: Full Coverage
The Institute of Chartered Accountants of India (ICAI) is not likely to press for disciplinary charges against Satyam Computers former CFO Vadlamani Srinivas as he is not a registered member of the Institute.
After facing a two-and-a-half month cut in production, vendors to power projects are being sounded out to resume supplies to some mid-sized projects.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon