Arun Giri
ICAI Report Indicts PwC in Satyam Case
Jul 09, 2009
In a big setback to auditing company PricewaterhouseCoopers (PwC), accounting regulator Institute of Chartered Accountants of India (ICAI) has submitted a report that seems to suggest glaring lapses on the part of PW while auditing...
Satyam Sale: Work in Progress
Apr 13, 2009
Kiran Karnik, chairman, Satyam Computer, said the sale of Satyam is a work in progress, and added that the board was happy that Satyam, in some sense, is being re-born. "We have seen the culmination of the bid process overseen by...
Satyam Sale may Take Six Months
Feb 24, 2009
While Securities and Exchange Board of India (Sebi) and the Company Law Board (CLB) may have granted Satyam special concessions to enable it to proceed with its stake sale, the process is still likely to take at least another six months. ...
Exclusive: Details of Hutch-Vodafone deal
Feb 19, 2009
The agreement resulted in Vodafone buying a 67% stake in the Indian telecom company Hutch Essar. Vodafone Hutch Pact Entered into on Feb 11, 2007Company defined as Hutchison Essar, an Indian companyHutch to procure 67% of Hutch Essar for...
PricewaterhouseCooper Suffers Another Blow
Feb 09, 2009
Accounting regulator ICAI has found two PricewaterhouseCooper partners guilty of negligence while auditing the books of erstwhile Global Trust Bank (GTB). The Hyderabad-based bank collapsed in 2004 and the Reserve Bank of...
ICAI Objects to Satyam Auditors
Jan 15, 2009
    Accounting regulator -- Institute of Chartered Accountants of India (ICAI), has objected to the appointment of KPMG and Deloitte for re-stating the books of Satyam.   Sources told UTVi that ICAI has...