Author: strong

Almost two decades after the collapse of US giant Enron in a notorious accounting scandal, the accountancy sector is back in the spotlight, this time thanks to a string of scandals in Britain.The sector’s so-called “Big Four” — Deloitte, EY, KPMG and PwC — have a long-established oligopoly to advise and monitor big business, experts say.The powerful companies engage in a wide range of activities, from accounts auditing and strategy consulting to proposed mergers and acquisitions, restructuring and taxation. However, a series of high-profile corporate collapses in Britain — including…

The benchmark BSE Sensex fell over 100 points in early session Tuesday, breaking its three-day winning run as metal, IT, realty and banking stocks retreated, tracking sell-off in the global market.The 30-share index dropped 104.41 points, or 0.29 per cent, to 35,670.47 points in opening trade. The gauge had rallied about 633 points in the previous three sessions.The NSE Nifty too fell 36.80 points, or 0.33 per cent, to 10,726.60.Brokers said besides a weak trend at other Asian markets amid sharp losses at the Wall Street, profit-booking by investors in…