Companies & Sectors

In a major blow to audit major Deloitte Haskins and Sells LLP, the National Financial Reporting Authority (NFRA) said on Thursday that the company did not comply with the standards of auditing in the crisis-ridden IL&FS Financial Services (IFIN).   In its audit quality review (AQR),...
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Angry at the reported move of the Ministry of Micro, Small & Medium Enterprises (MSME) to join hands with Amazon and Flipkart for on boarding of traders on their e-commerce portals, a large number of traders on Thursday staged a demonstration at Jantar Mantar here.   Calling upon...
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The Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited.   According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue...
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The Mumbai Bench of the National Company Law Tribunal (NCLT) on Wednesday sought clarity from the government and the Directorate General of Civil Aviation (DGCA) regarding the slots of now insolvent Jet Airways.   This is a reiteration by the NCLT on the details of the slots of the...
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A completely unconnected litigation in the United States has thrown up yet another money trail of the fugitive Sandesara family, the promoters of Sterling Biotech and Sterling SEZ, that owes Indian public sector banks (PSBs) vast sums of money.    For those who have not followed this...
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