Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP's resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are "completely independent".
Auditor Deloitte flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
The race to find the continent's fastest woman saw Asher-Smith end the 100m reign of Dutchwoman Daphne Schippers in brilliant style, clocking 10.85, equalling the world's fastest time this year and setting a British record.
West Indies came up with a splendid performance with both bat and ball as they thrashed World XI by 72 runs in the Hurricane Relief Twenty20 Challenge at Lord's, on Thursday.
The board has formulated new sports guidelines for schools mandating them to have a daily sports period for class 9 to 12 so as to prevent students from having a sedentary lifestyle and turning into couch potatoes.
India's Hardik Pandya and Dinesh Karthik join an ICC World XI for the high-profile Twenty20 International against the West Indies at Lord's in London on May 31, being organised to raise funds for stadia in the Caribbean damaged by hurricanes last year.
Meanwhile, the Board has given the names of Hardik Pandya and Dinesh Karthik as India's representatives in the World XI team that will play West Indies in a charity Twenty20 match at the Lord's on May 31.
The match is being organised to raise funds for stadia in the Caribbean, which were damaged due to hurricanes last year.
The evacuation of coastal areas of Florida and neighboring Georgia was the biggest seen in the US in a dozen years.
Three deaths have been reported and there are fears of more fatalities.
Global health officials are racing to better understand the Zika virus behind a major outbreak that began in Brazil last year and has spread to many countries in the Americas.
Hansle Parchment of Jamaica was second in 13.03 and Olympic champion and world record holder Aries Merritt claimed bronze in 13.04 seconds.
Brief profile of five male athletes to watch out for at the August 22-30 world championships in Beijing.
A baffled Usain Bolt ran his worst turn ever as he barely won the 200 metres at the Adidas Grand Prix meet in a sluggish 20.29 seconds on a warm, windy day at Randall's Island in New York, on Saturday.
Under Blatter, FIFA has handed its development money out strategically. Members of FIFA with only tiny populations have often received as much in grant money as those with massive populations.
Sarao was described as a fun guy, outgoing and talkative by other members of the tight knit South Asian community.
Indian football saw a big jump in the FIFA rankings on Thursday, rising 24 places to go up to 147 spot.
Less than one year after Spain beat the Netherlands to win the World Cup, the circus starts again on Wednesday although the opening match of the 2014 qualifying tournment will cause barely a ripple. Tiny Montserrat, who have won only two international matches, is scheduled to face Belize on neutral territory in a match which will be a far cry from last year's game at Soccer City, watched by an estimated 700 million television viewers.
Soon, the greatest global show will be over. Life will not be the same, probably a bit boring with no octopus, no blundering referees, no Paraguayan starlet or horrible cacophony (though by the end of the competition we will be missing it!).
Former West Indies player Keith Arthurton conducted a three-day coaching clinic this weekend on the islands of Tortola and Virgin Gorda and had no doubt whatsoever that he has seen the next Tendulkar in seven-year-old Aidan Gorege.
Grenada smashed US Virgin Islands 10-0 while Suriname trounced Montserrat 7-1 in the CONCACAF preliminary round football World Cup qualifiers. Elsewhere, Antigua beat Aruba 1-0 despite having three players sent off and missing a penalty while Belize held out for a 1-1 draw away to St Kitts & Nevis to earn a prestigious tie against Mexico.
Luxury travel ideas for the romantic holiday
Drop that sandwich and let this story (and your taste buds) lead you on a year-long tour of the world's best culinary festivals.
India have been drawn in along with Japan, Oman and Singapore in the Asian qualifying group for the 2006 World Cup football finals.\n\n
South Africa captain Graeme Smith was disappointed but not downcast after the Proteas lost the third Test against England by 70 runs at Trent Bridge.
Akhtar will join his new team-mates on Monday, after the completion of Pakistan's NatWest Challenge series against England.
The duo are likely to play in the fourth Test against Australia, starting on Friday.
At the close of day 3, the home side was 291 for 8 in reply to Australia's 605 for 9 decl. in the third Test.
Australia, already 2-0 ahead in the series, reached 320 for three at the close on the first day.
Fast bowler Tino Best and off-spinner Omari Banks will make \n\ntheir Test debuts, against Australia.\n\n\n\n
The ace batsman will leave for the US on April 26.
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances