Accountancy firm Price Waterhouse banned from India

PwC's Indian unit has been banned from auditing listed companies for two years, over one of the country's biggest corporate scandals.

Price Waterhouse was auditor for Satyam computers when company owner Ramalinga Raju admitted to inflating earnings.

The ban by Indian market regulator the Securities and Exchange Board (Sebi) will come into effect on 31 March. Read more here - http://www.bbc.co.uk/news/world-asia-india-42662259