Showing posts with label india. Show all posts
Showing posts with label india. Show all posts

Tuesday, May 04, 2010

Deloitte India A Bomb Target?


Indian papers are just reporting that Indian police had arrested Mohammad Zia Ul Haq in the southern city of Hyderabad, who was apparently directed by Pakistan-based Lashkar-e-Taiba (LeT)to “bomb the Hyderabad office of Deloitte Touche Tohmatsu, one of the four largest auditors in the world, and was in the process of carrying out the plan.” He has “already procured the explosives supplied by the LeT to carry out the attack, sources said.”...




Thursday, February 04, 2010

PricewaterhouseCoopers And Satyam: Recent Twists and Turns


We have blogged earlier about PricewaterhouseCoopers, the official auditors of Satyam, the Indian IT firm, scalded by the scam perpetrated by its Chairman Ramalinga Raju. Since then, Satyam has been bought by Tech Mahindra and Deloitte has been hired as the new statutory auditors. All this has happened in a space of one year, with Ramalinga Raju being arrested on January 9, 2009, he is reportedly in the hospital now, though his brother and the Satyam CFO and other key officials are still imprisoned...


Thursday, October 15, 2009

Asia Pacific Uber Rich Suffer A Lot In 2008, But Roar Back Quickly


We have blogged earlier about the fascinating results of the 2008 Capgemini Merrill Lynch Global Wealth report, where high net worth individuals (HNWIs – net assets greater than US$1 million) and ultra-high net worth individuals (Ultra HNWIs – net assets greater than US$30 million), the uber-rich of the world, lost a cool $8 trillion of wealth from 2007 to 2008...



Saturday, January 10, 2009

PwC Global CEO Reportedly In India to Deal with Satyam Situation


Reports from the Indian press are that the Satyam Scam has drawn the top leadership of PricewaterhouseCoopers to India to deal with the situation. It appears that PwC Global CEO Samuel DiPiazza, Jr., along with some senior worldwide partners are in India to assess and deal with any regulatory and reputational fallout from this scandal. PricewaterhouseCoopers were Satyam Computers’ external auditors and signed off on the company’s latest financial statement which is purported to contain $1 billion of “fictitious cash”


Thursday, July 10, 2008

10 Million Wealthy Folks Own An Astounding $40 Trillion!


The recently released 12th annual World Wealth Report co-authored by Capgemini and Merrill Lynch has some amazing findings:


The number of global high net worth individuals (HNWIs, with wealth greater than $1 million) rose 6% in 2007 to 10.1 million, and the number of ultra high net worth individuals (Ultra-HNWIs, with wealth greater than $30 million) increased by 8.8%. For the first time in the history of this report, the average assets held by HNWIs exceeded US$4 million. The combined assets of HNWIs now exceeds $40 trillion!...




Friday, June 20, 2008

KPMG Finds Corporate Investments Balance to Shift Considerably


A recent KPMG International survey shows that the winds of global corporate investments are going to change in favor of the developed world. This mirrors the shift in the balance of global economic power, that we all know anecdotally, is finally making its impact...



Tuesday, June 06, 2006

Accenture BPO in Emerging Markets: Boom Time

Within just a few days, Accenture announces two new BPO centers in developing countries, aimed at increasing headcount, enhancing capabilities and reducing service delivery costs. The new center in Pune, India is the fifth one in India’s major cities and will focus on SAP and Siebel; Net-centric technologies like Java and Microsoft; business intelligence and testing....


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