Plan To Breakup The Big Four
The UK audit regulator has outlined the plan to breakup the Big Four accounting firms in letters sent to the leaders of Deloitte, EY, KPMG and PwC. In what would amount to a far-reaching shake-up of the accounting industry, the Financial Reporting Council (FRC) issued guidelines for the big four to separate their audit and […]
HSBC Files Rs 1000 Crore Recovery Case Against IL&FS In Singapore Court
Global banking giant HSBC has filed a winding up petition in a Singapore court against an overseas subsidiary of IL&FS Transport Services Ltd (ITNL) for recovery of dues totalling more than Rs 1,000 crore. In the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong […]
How China Tookover Indian Markets
Chinese are dominating industries like mobile phones and are about to grab the lion’s share of the television and home appliances industries. China is now emerging as one of the biggest investors in Indian start-ups taking over Indian markets with a storm. How China tookover Indian markets China is increasingly seeing immense opportunities in India […]
From Andhra To Kashmir – Return Of East India Company
In the late 90s secret meetings took place in London where the blueprint for the ‘development’ of an entire Indian state was envisioned. Called Vision 2020, the scheme was the brainchild of an American consultancy firm born out of US military – McKinsey. It was supposed to be a role model and exported to other […]