Currently there is no standard ideal debt to equity ratio.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
While auditors have come in for a lot of praise for their proactive stand against what they perceive to be dodgy practices followed by companies, there is still a long way to go, says Shyamal Majumdar.
Tata Consultancy Services (TCS) on Thursday reported an 8.4 per cent rise in consolidated net profit to Rs 6,586 crore for the second quarter ended September 30 and said uncertainties in environment had resulted in holdbacks in discretionary spend by customers.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
Loans make money for the lender in the initial years but losses come later when they turn bad.
Goenka has not even attended the last three annual general meetings of the company, yet he drew around half of the managing director's pay
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