BPSL waived Rs 2.6k cr advances and undersold assets, reveal audits
The Enforcement Directorate (ED), which is probing alleged money-laundering by the promoters of the now-bankrupt company, has recorded findings of BDO, PricewaterhouseCoopers and Duff & Phelps in its investigation report. ET has seen the report. The National Company Law Tribunal initiated bankruptcy proceedings against BPSL on June 22, 2017.
Reliance Home bond investors to meet Thursday
RHFL has an outstanding bond liability of about Rs 3,500 crore, with both institutional and ind...
Sebi challenges SAT ruling in PwC-Satyam case
The tribunal had quashed the order but partly allowed disgorgement of the Rs 13 crore fee from ...
Baroda AMC and BNP Paribas AMC decide to merge
Bank of Baroda and BNP Paribas Asset Management Asia have entered into binding agreements, the two entities said in a joint statement.
Bank of Baroda, BNP Paribas to merge asset management units
Bank of Baroda was being assisted by BOB Capital Markets as its transaction advisor.
Global consultancy firm to be engaged for rating police stations
“The selected auditing firm will be required to physically visit each one of the shortlisted police stations in all the states and union territories,” said an official, who did not wish to be identified.
PwC India to challenge ED’s Rs 230-crore penalty
PwC would file an appeal at the tribunal level in the next few days that would challenge the basis on which ED has interpreted the law and levied the fine.
GMR, Adani, 17 others show interest for Jewar airport
The development work of the airport is expected to commence in 2020 and the first phase will be completed by 2023.
Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing
The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price...
SAT quashes Sebi order of banning PwC for two years from auditing
SAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.
ED slaps over Rs 229-crore FEMA show cause penalty against PwC
They said the notice was issued under the Foreign Exchange Management Act (FEMA) after completion of probe by the adjudicating authority which is the Special Director (Eastern Region) of the Enforcement Directorate. .
‘Purpose’ gets more meaningful for companies
Firms give attention to what was an insipid line in ‘About Us’ section of their website, thanks to millennials.
Reliance Capital plans to file Rs 10,000 crore defamation suit against PwC
Some shareholders of Reliance Group are mulling action against the auditor for eroding their investments.
View: The Big Four are an asset to India
Any restriction on the Big 4 could have a serious impact both on equity and debt flows into the country.
BSR & Co resigns as auditor of two Reliance group companies
The auditors had raised questions around corporate deposits and related party transactions in Reliance Infrastructure in the June quarter results.
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