Last time when I went to McDonald’s outlet in Delhi with my nephew (my sis’ elder son), I decided to irritate him a bit. I just love it when he is frustrated with my questions. He is all of 8, but just like any other kid, outspoken and naughty. I wanted to give him a [...]

Two years back Mr Tata said – ‘I am unfortunately a person who has often said, you put a gun to my head and pull the trigger or take the gun away, I won’t move my head.’ Finally, the devil has won and Ms. Mamta Devil Banerjee has succeeded in pulling the gun on Mr. [...]

After long time there is an upward movement in IT companies’ scrip. This is primarily due to recent changes made in norms of External Commercial Borrowing (ECB). IT companies are hit badly as there top line consists of a major chunk of exports. Since most of their clients are foreign based, stronger rupee has lead [...]

There had been talks going round since last couple of months to recognize IFRS for all the foreign companies listed in US Stock Exchanges. As speculated the good news is that all foreign companies listed in United States are no more required to follow US GAAP. The companies are now given the option to file [...]

As of now, IFRS is the buzz word in International arena and it spreads its wings to Korea, after gaining so much popularity in SEC camp. South Korean finance minister revealed a plan towards adoption of International Financial Reporting Standards. A grace period of two years for switch over is given to organizations that are [...]

While half of the nation was completely engrossed in India Vs. Sri Lanka One day Cricket match on Sunday afternoon India Inc was busy swiping the card for two deals amounting to $ 25 billion (Rs. 1,10,000 Crores). Indian Cricket team might have disappointed you but full marks to team corporate India, which is performing [...]

Corpus to help underprivileged students access cheap educational loans. The government may increase the education cess in the Budget as part of a plan to create a corpus to provide cheap loans to students from low-income families. This was discussed at a meeting chaired by the Prime Minister’s Principal Secretary, TKA Nair, on January 12 [...]

Telecom Regulatory Authority of India today issued a tariff order, prescribing rates for pay channels in CAS areas, fixing a ceiling on the maximum retail price at Rs five. The ceiling on the maximum retail price of any pay channel whether new or existing would be Rs 5 per channel per subscriber per month (excluding [...]

The consumer Electronics & TV manufacturer’s Association (Cetma) has severely criticized the government’s plan to impose a levy of 10-15% ad Valorem on sales of TV sets in the country. Cetma has described this move as “anti-aam aadmi”. The industry association feels that such a levy would increase the tax burden on the color TV [...]

BAA, UK airports operator confirmed its approval over £10.3 takeover bid from a consortium. Spain’s Grupo Ferrocvial leads the consortium. Ferrovial offered to pay 950.25 pence per share. The deal included a proposed final dividend of 15.25 pence per share. The board saw this offer as an attractive price for BAA. A consortium led by [...]