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 located in different geographical areas. Deloitte DTTL is considered as a Professional Services Network and one of the Big Four Professional Service firms along with PricewaterhouseCoopers (PwC), Ernst & […]
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 scrutiny of citizen and consumer groups who are facing reduced government spending on welfare. Big global corporations like Amazon (AMZN) , Google (GOOG) , Apple (AAPL), Microsoft (MSFT), Oracle […]
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 regulator SEBI is too slow to prevent the many scams that take place regularly in the Indian stock markets. Retail investors have been retreating from the stock markets since […]
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 to their private coffers through various legal and illegal means. It is difficult to find a company in India which has good corporate governance and the trust of investors. […]
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 power blackout in human history would have brought it home (quite literally). The root cause of the problem is the Indian Government which has been stuck in paralysis for […]
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