Sensex surged ahead and set a new all time high of 10,753 points on the Bombay Stock Exchange. It surpassed the previous record set on March 3rd . The majority of purchases came in the shares for cement, banks, engineering and auto companies with Reliance, Satyam, ACC, Wipro, L & T etc. recording significant gains. [...]

Dear Members, It is being informed by SHRI SUNIL TALATI, Vice president of ICAI that for the following matter the ICAI making their representations at the appropriate level vigorously. You may see the statement of president at the home page of ICAI website www.icai.org. details of which is annexed herewith for your information and knowledge. [...]

How many times this has happened that we see an advertisement in newspaper from a mobile operator offering much cheaper rates or better suited plan than presently we are subscribed to. Than, we think that perhaps we could take this plan, but the thing that stops us from doing so is loyalty with our mobile [...]

All of us know about the tragedy that had struck Varanasi yesterday after the serial bomb blasts. Every one-including politicians, religious leaders, general public have shown distress and concern for the mishap. Compensations are being given to the victims, the people who got severed in the tragedy and the dead. The gesture is a considerate [...]

Dear Professional Colleagues You all must now be aware that the Ministry of Finance has decided to allow Board of Directors of Public Sector Banks to directly appoint their statutory central auditors and branch auditors. Under the new system, banks would directly source names of the auditors from the panel of CAG for statutory central [...]

The Union budget had sent the Sensex skyrocketing on Wednesday and the Nuclear deal between India and the US, provided it more fuel. The highlight of Thursday was a sharp rise in shares of Defence and Power equipment companies after both the countries sealed a landmark civilian nuclear cooperation pact. The Sensex shot up by [...]

Some days back, I came to know through this forum only that Institute of Chartered Accountants of India has permitted Chartered Acountants to use Ca. prefix before our names, and all forum members valued the move. Now, as next step ICAI has decided to present a brand logo to the profession. ICAI already has picked [...]

Rail minister Mr. Lalu Yadav has presented his dream rail budget. I always have feelings their are intelligent but credit less bureaucrats behind him, who work silently to improve the earnings of the Railway industry. All minister do is provide them a free hand and they show the results. For this, I give Mr. Lalu [...]

Fiat has never been able to make a mark in India even after trying hard and taking the price challenge owing to the fact that it did not have a strong dealer network. To help Fiat come out of red the Italy’s Fiat Group has struck a deal with Tata Group Chairman Ratan Tata. Under [...]

It’s budget time again…and five state elections in fiscal 2007 loom large over expectations from the forthcoming budget. The fact that the Left and the ruling UPA coalition are not exactly seeing eye to eye on reforms makes one skeptical about the fate of the reform process. Will the finance minister (FM) Mr. P. Chidambarum [...]