Things turn ugly between Reliance Capital and auditor PwC

Price Waterhouse and Co (PwC) has resigned as auditor of Reliance stating there is a fraud in the companies. “We did not receive a substantive/satisfactory response to our queries in light of our observations.” stated by PwC in a letter…

MCA, SEBI sign pact for data exchange amid corporate frauds

A Memorandum of Understanding (MOU) was signed between the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI) for data exchange between the two regulatory organisations here on Friday.