India Inc. In Focus — BIG Scandals and Controversies of 2019

From the fall of Jet Airway to the PMC Bank Disaster — India Inc. was hit hard several times in the year bygone. Here are the most scandalous affairs that affected Corporate India in 2019.

IL&FS case: ED summons Raj Thackeray

A day after Maharashtra Navnirman Sena (MNS) workers called for a protest outside the Enforcement Directorate’s office to show solidarity with the party chief Raj Thackeray, the Maharashtra Police on Wednesday issued a notice to them.

Deloitte, KPMG arm face bans in IL&FS case

Deloitte Haskins Sells and KPMG affiliate BSR & Associates are banned for five years, for failing in the audits of a unit of Infrastructure Leasing & Financial Services (IL&FS)

Greaves Cotton’s profit falls to Rs 169 crore

Greaves Cotton’s profit falls to Rs 169 crore in FY19 on account of IL&FS provisioning Engineering major Greaves Cotton said on Thursday its profit after tax (PAT) dropped to Rs 169 crore in 2018-19 from Rs 203 crore in the…

SFIO arrested former chairman of IL&FS Hari Sankaran

SFIO arrests ex-IL&FS chairman Hari Sankaran The Serious Fraud Investigation Office (SFIO) has arrested former chairman of Infrastructure Leasing & Financial Services (IL&FS) Hari Sankaran in connection with the ongoing investigation into the affairs of the company and its group…