You Searched For "Reliance Capital"
Is a mere resignation enough?
Corporate India has been witnessing a spate of sudden resignation of statutory auditors. It started in 2018 and as times get more and more difficult for auditors, it has peaked this year. Among the prominent audit resignations last year were that of...29 July 2019 8:13 AM GMT
Settling the Ambani loans- Investigate first
As the Anil Ambani owned Reliance Group, struggles to sell its assets and live upto the statement of Mr.Ambani, that the group, with borrowings of over Rs.1 lakh crores, was fully committed to meeting all future debt servicing obligations in a timely ...15 July 2019 6:20 AM GMT
More gloom for Anil Ambani as two of his firms declare biggest quarterly loss ever
The trouble brewing at Anil Ambani group companies (ADAG Group) has hit crisis levels in the last few weeks. One tragedy after another with various companies within his group has seen share prices tumble to new lows in such a way that Anil Ambani may ...18 Jun 2019 8:53 AM GMT
Anil Ambani and PWC resignation – why now?
Auditors, especially the BIG 4, have been under the hammer of late. Recently they are being held liable for their misdeeds and misconduct and unlike earlier where the audit firm could not be punished, now, the firm as well as their partners will be...12 Jun 2019 8:07 AM GMT
Business Headlines: How did a nearly bankrupt Anil Ambani repay his debt?
The Anil Ambani led ADAG Group is facing unprecedented problems. Its listed entities are reduced to market capitalization of ₹ 20,500 crore from upward of ₹ 4,00,000 crore a decade ago. We take a look at the companies under its umbrella and what...12 Jun 2019 7:30 AM GMT
ANIL AMBANI AND PWC RESIGNATION – WHY NOW
It was only yesterday that the newspapers reported that the Ministry of Corporate Affairs (MCA), has approached the NCLT seeking to ban two well known multinational audit firms, Deloitte and KPMG part of the powerful BIG FOUR audit firms, from taking ...12 Jun 2019 6:00 AM GMT
‘Not allowed to do the jobs’, PwC quits as Anil Ambani’s Reliance Capital auditor
New Delhi | PriceWaterhouseCoopers, one of the top accounting firms has resigned as the auditors for Anil Ambani’s Reliance Capitals and Reliance Home Finance with effect on June 11 citing that the firm was not allowed to do its jobs as...12 Jun 2019 2:16 AM GMT
Anil Ambani group firms make repayment of over ₹ 35,000 crore over 14 months
By now we all know that embattled business tycoon Anil Ambani is probably going through the worst phase in his career. Losses, liabilities, write offs, impairments, insolvency proceedings, asset sales; these are the only words one hears in connection ...11 Jun 2019 7:32 AM GMT