Indian Economy: News and Discussion

another_armchair

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Shuli Ren is Andy Mukherjee's colleague. Both are playing good cop bad cop for obvious reasons.
 

another_armchair

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View attachment 191218

One of the most shocking claims is that their finances were being audited by 23-24-year-old freshers.
Wait, Arthur & Andersen were Enron's auditors. LOL...

PricewaterhouseCoopers affiliates served as independent auditors of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services broke. LMAO...

http://www.lawstreetindia.com/experts/column?sid=488

There are many more... and all of them have the stamp of approval by reputed audit firms. Guess 'internal audit' was an internal affair indeed.
 
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Abbey

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@mods move this to an appropriate thread , if there is any
India and Egypt have reaffirmed their commitment to Non-Aligned Movement's (NAM) core values, international law, and the sovereignty and territorial integrity of all states, according to a joint statment released on Thursday.

The statement comes a day after Prime Minister Narendra Modi and visiting Egyptian President Abdel Fattah El-Sisi held wide-ranging talks covering bilateral, regional and global issues of mutual interest.

Regarding the economic ties, the statement said that the Egyptian side is considering the idea of designating a special area of land for Indian enterprises in the Suez Canal Economic Zone (SCEZ).

It added that the Indian side can arrange for the master plan.

"In this context, the Egyptian side considers the possibility of allocating a special area of land for the Indian industries in the Suez Canal Economic Zone (SCEZ), and the Indian side can arrange for the master plan," it said.



Suez Canal is one of the busiest commerce routes in the world, which links the Red Sea and Mediterranean Sea. Every day, the canal facilitates about 12 per cent of world trade.



According to the statement, India will encourage its companies to take advantage of the investment prospects in Egypt.

The Egyptian president who is in India for a three-day visit attended the Republic Day festivities on Thursday as the chief guest.

The two leaders assessed the status of their bilateral relationship based on the pillars of deeper economic engagement, stronger scientific and academic cooperation, and increased cultural and interpersonal exchanges, according to the joint statement.
 

Haldilal

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Ya'll Nibbiars Heavy Investment happening in the Logistic and warhousing facilitie's at the MMRs.

 
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Haldilal

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Ya'll Nibbiars The Vaishali Biofuels Pvt, Ltd. to invest 120 crore rupees to set up grain-based ethanol 75 klpd unit on 25 acres land parcel at Akola in Maharashtra.
 

Wisemarko

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Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.”

In a report published on Tuesday, Hindenburg Research said Adani Group and its founder, Gautam Adani—one of the richest people in the world—had engaged in “a brazen stock manipulation and accounting fraud scheme over the course of decades.”

As well as using offshore shell companies to hold stock, Hindenburg’s researchers also detailed how the family was using them to send money to their publicly traded firms.

 

Cheepek

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View attachment 191218

One of the most shocking claims is that their finances were being audited by 23-24-year-old freshers.
It's a firm. Generally there are few big shots and rest are normal employees in a firm. What's wrong in this? If 24-25 year olds are a problem why does ICAI even provide them membership number?
 

Kumata

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Thank you Henderson... and Adani offcourse.. I do not expect much from budget so market will tank further IMO . Kaka have a tough job .. with tai enjoying halwa... i hope she do not make a halwa of us all.... although i do think she will make one .....
1674806531519.png


Mujhe kya... Main to Pyaaz nahin khati. sirf halwa..

1674806806067.png
 

jai jaganath

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Pls enlighten me
How badly this hidenburg report is gonna hurt
1)Adani
2)economy
3)our politics
 

jai jaganath

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atleast the days of having the pm in your pocket is over.
pm has to save banks from bankruptcy if adani does a mallya.
So can u pls tell us sirji when pm was in our hands
Glorious period included parties along with license raj businessmen ruling the nation
Pm was always with industrialists
But during socialism they combined with businessmen caused much harm
 

here2where

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So can u pls tell us sirji when pm was in our hands
Glorious period included parties along with license raj businessmen ruling the nation
Pm was always with industrialists
But during socialism they combined with businessmen caused much harm
gujjus partied with gujjus. trick was to spread the favours to multiple baskets. maybe someone dropped an egg somewhere.
 

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