India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Neither Union agriculture minister nor junior ministers were present to hear our concerns. We asked why the minister is not meeting us, why the government is playing double standards by calling us here and ministers holding virtual meetings in Punjab. There was no proper response," Darshan Pal, member of the coordination committee of 29 farmers' organisations, said after the meeting.
Firms have to adhere to strict compliance requirements mandated by global parents
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
The current revision, approved by the ICAI council last week, addresses issues such as effects of laws and regulations in conducting internal audit, responsibility of management for compliance with laws and regulations, responsibility of internal auditor and internal audit procedures.
Defending champions Mumbai Indians have taken their COVID-19 precautionary protocols to the next level with the introduction of a special 'smart ring' -- a personal health tracking device to be worn by every member of the team, currently in UAE, for the upcoming IPL.
The rules are being framed to maintain absolute transparency and fair play in investigations.
It has issued two revised accounting standards -- SA 500 and SA 720. The SA 500 lays down norms for obtaining and evaluating audit evidence, on which the final audit findings are based. Under this, a CA will have to go beyond verifying the balance sheet. The second standard -- SA 720 -- requires the auditor to read other information to identify any material inconsistencies vis-a-vis the audited financial statements.
If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
Seeking ArcelorMittal be declared ineligible to bid for Essar Steel, the petition cited Section 29A of the Insolvency and Bankruptcy Code which bars promoters of defaulting companies from bidding for stressed assets.
The money was paid to Mallya in two tranches in his offshore accounts.
Experts say a lot of new wealth is being generated by promoters selling their stake.
One of India Inc's top demands is the abolishing of the MAT.
The Reserve Bank of India (RBI) has initiated talks with accounting standards regulator Institute of Chartered Accountants of India (ICAI) to advance the mandatory implementation of accounting standards for derivatives transactions by Indian banks and companies from its present 2011 deadline.
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
Faced with high-speed wind and swelling sea, the ill-fated barge Pappa-305, with 261 crew onboard, lost anchors and smashed into an unmanned platform before sinking in the Arabian Sea after its captain ignored weather warnings and chose not to move the vessel away from the path of severe cyclonic storm Tauktae, a survivor recounted.
Join us for a chat with Vidhu Shekhar, country head - India, CFA Institute on Wednesday, June 1 between 3 pm and 4 pm IST.
'The reality is no one, including some of the names that have shown up in the last few weeks, have any unilateral decision-making power in this,' Facebook India MD Ajit Mohan tells Peerzada Abrar.
BCCI is leaving no stone unturned to hold the upcoming edition of the IPL without any glitch
Private sector investment is likely to improve mildly in H2 of FY17, even though signs from investment data are not encouraging.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
Helen Brand offers a CA's view on protectionism, money laundering and how India's implementation of Ind-AS will make it more attractive to investors.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The sustainable competitiveness report measures of the responsible growth of a state.
Here's what's in it for you!
The helpline number, if introduced, will be a part of the board's Standard Operating Procedure (SOP) for the lucrative tournament, which will be held in the UAE from September 19.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
The accounting and audit fraternity clearly wants to disassociate itself from the DLF-Vadra saga.
Audit firm points out that the accounting rules do not permit companies to give interest-free loans even to their subsidiaries.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
Mahesh Londhe, son of a Pune bhel vendor cleared CA in first attempt. Londhe, who was sponsored by Thermax CEO MS Unnikrishnan, now wants to take up a corporate job in a manufacturing firm
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