INTERNATIONAL Pricewaterhouse to pay $ 5 mn in settlement with SEC Washington: PricewaterhouseCoopers LLP has agreed to pay $ 5 million to settle three separate enforcement actions by the Securities and Exchange Commission (SEC) alleging violation of independence standards and improper accounting, media reports said on July 17.
House of Reps for stiffer Laws on corporate frauds Washington: Picking up the gauntlet thrown down by the Senate, the US House of Representatives has voted to dramatically stiffen penalties for corporate fraud in a bid to restore investor confidence shaken by accounting scandals.
NATIONAL EMC, Hewlett pact to cross-licence APIs Bangalore: Two largest global enterprise storage providers EMC Corporation and Hewlett-Packard, will cross-licence certain storage system application programming interfaces (APIs), according to an official press release.
Indian IT services register impressive growth New Delhi: Indian IT software and services industry grossed an annual revenue of Rs 48,000 crore ($ 10.1 billion) during 2001-02 as opposed to Rs 37,760 crore ($ 8.26 billion) revenues of previous fiscal, registering an overall growth of 27 per cent in Rupee terms and 22 per cent in Dollar terms.
Minister hails plastic processing sector's efforts New Delhi: Amid the controversy over plastics vis-a-vis jute as a packaging material, Chemicals and Fertilisers Minister Sukhdev Singh Dhindsa on July 18 hailed the plastic processing sector for providing "quality and cost-effective" packaging material.
