A recent clarification by the Institute of Chartered Accountants of India regarding disclosure norms for derivative contracts had specified that companies would have to disclose mark-to-market losses from such transactions, financial year 2007-08 onwards. Sources now say companies have the leeway to avoid reporting losses on derivative contracts, as there are enough mechanisms in accounting standards that lay out the guiding principles in this regard.
US-based telecom infrastructure company, Unicorn Communications, is planning to enter the Indian market. It intends to commence operations in about three months and will offer telecom infrastructure such as mobile towers.
Faculty of top academic institutions like the Indian Institutes of Technology (IITs), the Indian Institutes of Management (IIMs), and central universities say the Sixth Pay Commission's recommendations do not have a direct bearing on their compensation levels. The new pay structure of assistant professors, associate professors and professors will be finalised by an internal committee of the Ministry of Human Resource Development, which would take a couple of months at least.
Despite being the leader in technical education in the country, IITs are still regarded less than first grade when it comes to providing business education. Even as they work to create a pool of technical experts with good management skills, the most coveted engineering institutes of the country -- the Indian Institutes of Technology -- are not the first choice for management programmes.
After winning the PepsiCo challenge 'Taste the success Become Indra's advisors', the three-member team is set to present their case solutions to Nooyi. If found viable, the plan will be incorporated in Pepsi's annual plan and the team will get an opportunity to be engaged as advisors on an ongoing basis with PepsiCo to operationalise their ideas.
The central government is likely to announce a restructuring-cum-revival package for Hindustan Shipyard Ltd (HSL), the largest public sector shipyard, at a cost of around Rs 830 crore (Rs 8.3 billion) in the coming Budget.
A joint economic group comprising commerce ministers of India and China is scheduled to meet in the first week of April to discuss the proposed India-China Free Trade Agreement (FTA), a commerce ministry official said today.
Mumbai rail service may get a facelift as the Union Railway Minister Lalu Prasad Yadav announces the Phase II of developmental plans this Budget.
Ex-head of BPL Mobile and currently a Rajya Sabha MP, Rajeev Chandrasekhar will be the new head of Ficci.
Management accountants are the conscious keepers of an organisation, says Charles Tilley, chief executive officer, Chartered Institute of Management Accountants (CIMA), UK. In conversation with Business Standard, he highlights how the profession of a cost accountant has evolved over the years to be known as management accountancy.
Russian Prime Minister Victor Zubkov, who arrives in New Delhi on February 12, is leading a delegation of over 150 CEOs
The commerce ministry has endorsed India Inc's stand against signing a free trade agreement (FTA) with China until it becomes a market economy that follows transparent pricing of manufactured goods and services.
Central ministries as a whole are expected to get an increase of only 15 per cent in gross budgetary support for 2008-09, much lower than the 62 per cent increase they had demanded.
With anti-competitive practices of global pharma companies increasingly coming under regulatory scrutiny internationally, Indian public interest groups and the domestic medicine makers complain that India's competitive laws are not equipped to face a similar situation of monopoly in the sales of patent protected medicines in the country.
In a bid to assuage corporate India's fears over key aspects of the Competition Act, 2007, the Competition Commission of India has decided to ensure that 90 per cent merger and acquisition proposals put up for its approval are cleared within 60 days. The present timeline is 210 days.
In the first-of-its-kind initiative, the Retailers' Association of India is organising the country's first-ever entrance exam for an 18-month Post-graduate Programme in Retail Management. The first-ever exam for the 18-month course will be for 1,500 seats in 15 business schools.
Apart from pay packages, HR managers will consider other means of keeping employees happy.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
The Rs 13,000-crore consultancy industry will face skilled manpower crunch, as it will create a capacity of over 220,000 top management consultants by 2010, found a study by Elixir web solutions on recruitment process outsourcing. The shortage is estimated to be around 10-12 per cent of the demand. The industry is growing at a rate of 20 per cent per annum and within it the Information Technology consulting sector is growing faster at 30 per cent per annum.
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