The UK audit regulator has outlined the plan to breakup the Big Four accounting firms in letters sent to the leaders of Deloitte, EY, KPMG and PwC. In what would amount to a far-reaching shake-up of the accounting industry, the Financial Reporting Council (FRC) issued guidelines for the big four
Walmart’s payment services provider PhonePe have suffered an outage after the Reserve Bank of India (RBI) on Thursday put Yes Bank under moratorium. Strangely, PhonePe, despite its big transactions is fully dependent on Yes Bank, as its payment gateway or payment services provider (PSP) and thus could not carry out
Weeks after a Chinese ship was caught smuggling equipment for Pakistan’s Shaheen II Nuclear Missile at India’s western coast, now drugs worth $33m has been seized in Sri Lanka. Two foreign trawlers packed with over $33m worth of heroin and crystal methamphetamine were seized in Sri Lanka’s biggest-ever drugs bust
Global banking giant HSBC has filed a winding up petition in a Singapore court against an overseas subsidiary of IL&FS Transport Services Ltd (ITNL) for recovery of dues totalling more than Rs 1,000 crore. In the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services
Together India and Puerto Rico have lost millions in an email phishing scam. A senior Puerto Rico official said last month that the island’s government lost more than $2.6 million after falling for an email phishing scam. Similarly, in a hushed incident last year, India’s Central Bureau of Investigation has
President Nicolas Maduro has announced that Venezuela will sue US in International Criminal Court (ICC) for severe damage caused by the economic sanctions. Meanwhile, an India-Russia partnership is helping Venezuela bypass the US imposed sanctions. Venezuelan President Nicolas Maduro has announced that his government will file a lawsuit against the
On Saturday, Israeli media reported that Mossad chief Yossi Cohen and Maj. Gen. Herzl Halevi, head of the Israel Defence Force’s Southern Command, traveled to Doha to ask Qatar to continue funding Hamas, the Palestinian militant and political group which Tel Aviv formally classifies as a terrorist group. The revelation
China’s largest cyber-security vendor has published a report detailing how the CIA hacked China’s critical infrastructure for over a decade. The report, authored by Qihoo 360, claims the CIA hacked targets in China’s aviation industry, scientific research institutions, petroleum industry, Internet companies, and government agencies. CIA hacking operations took place
As a direct impact of GreatGameIndia reporting, China has been caught smuggling equipment for Pakistan’s nukes. The Defence Research and Development Organisation (DRDO) has confirmed that the autoclave seized from the Chinese ship Dai Cui Yun was meant for Pakistan’s Shaheen II Nuclear Missile. The autoclave was being imported by
