Accounting

March 23, 2013

7 Hisorical Facts, Acquisitions & Services – Deloitte

Deloitte Deloitte Consulting is a part of Deloitte Touché Tohmatsu Limited (DTTL), a limited liability Private Company in UK under which exist many independent member firms […]
December 20, 2012

Reduced Earnings Inevitable with Backlash against MNCs avoiding billions in taxes through "Double Irish" and "Dutch Sandwich" accounting machinations

Global austerity and anemic economic growth in developed countries has turned the spotlight on taxes and spending like never before. Corporate taxes have come under the […]
October 22, 2012

Treacherous Indian Stock Market – 40% of Listed Shares considered Dangerous by Exchanges

Greenworldinvestor has reiterated time and again that the Indian stock markets are heavily manipulated and the dice is loaded against the retail investor. The stock market […]
September 4, 2012

Indian Industry Group Assocham wants to muzzle Independent Unbiased Research on its Members rather than Improve Corporate Governance and Reduce Corruption

India’s business houses are hardly the paragons of virtue as everyone knows. Many of the business houses are known to siphon money from the public companies […]
September 3, 2012

India to use Accounting Shenanigans to prevent Bad Loans from the struggling Power Industry from showing in Bank books

Problems of Power Industry in India The problems faced by the electricity companies in India are quite well known and those who did not, the biggest […]
July 2, 2011

Ernst and Young (E&Y) in Indian Corruption Investigation as awards itself Technology Tender for Indian Government Corporation Bank – Accounting Big 4 losing pristine image (PWC Satyam Scandal)

Note corruption is nothing new for the Big 4 firms with another one PriceWaterhouseCoopers caught red handed in the massive billion dollar Satyam corruption scam.Two of the partners of PWC were sent to jail in the fraud which involved cooking the books for almost 8 years.Having a Big 4 auditor is a must for any well known big public company.However the reputation of these Big 4 continues to get besmirched with newer scandals.It does not take a rocket scientist to guess that bribes were involved as rules were circumvented and Corporation Bank top brass was also involved.Government Tenders are a massive hotspot of corruption as they are opaque and powers rest with a few.Lack of transparency results in massive embezzlement of taxpayer money.Corporation Bank.Note Relaince India's biggest company is facing an investigation along with the oil and gas regulator DGH.Recently LIC Housing Finance one of India's largest housing finance companies was involved in a scam as well alongwith top official form other PSU Banks for taking bribes.This resulted in a massive stock price fall for a number of these companies.Expect Corporation Bank stock to take a similar dive hurting the shareholders.Investing in the Indian stock market has become more dangerous than ever where a corruption scam hides under every stone.Government companies which are considered safer by investors too are being proved problematic with PSU CEOs now being jailed for scams.India's largest aluminum company NALCO CEO has been jailed for accepting gold bricks in bribes
February 10, 2011

Inflation,Interest Rates and Corruption Triple Whammy Kill Indian Stocks

India’s Stock Market has been amongst the worst performing market in the world in 2011 due to a number of converging issues.While Inflation and Interest Rate […]