accounting standards

Muthuraman to co-chair finance committee at B20 summit


November 1st, 2011 - 8:11 pm ICT by IANS
New Delhi, Nov 1 (IANS) Confederation of Indian Industry (CII) chairman B. Muthuraman would co-chair the working group on financial regulation at the B20 meeting to be held in Cannes, ... Read more...

Posted in Business |

Infosys beats guidance, revises outlook again


October 12th, 2011 - 2:03 pm ICT by IANS
Bangalore, Oct 12 (IANS) Buoyed by robust performance in the second quarter (July-September) and beating its guidance, India's second largest IT bellwether Wednesday revised revenue outlook for this fiscal (2011-12) ... Read more...

Posted in Business |

Infosys net up 10 percent in second quarter


October 12th, 2011 - 11:26 am ICT by IANS
Bangalore, Oct 12 (IANS) Infosys Ltd posted net profit of Rs.1,906 crore for the second quarter (July-Sep) of this fiscal (2011-12), registering 10 percent year-on-year (YoY) growth and 11 percent ... Read more...

Posted in Sci-Tech |

Court summons audit official over report on schools


March 29th, 2011 - 10:45 pm ICT by IANS
New Delhi, March 29 (IANS) The Delhi High Court Tuesday asked a Comptroller and Auditor General (CAG) official to appear before it to explain certain findings in his report indicting ... Read more...

Posted in Uncategorized |

Delhi issues notice to schools on fees hike


March 18th, 2011 - 9:48 pm ICT by IANS
New Delhi, March 18 (IANS) Delhi's directorate of education (DoE) Friday informed the Delhi High Court that notices have been sent to 25 private schools in the city over fee ... Read more...

Posted in Uncategorized |

25 Delhi schools indicted for lapses in accounts


March 17th, 2011 - 11:23 pm ICT by IANS
New Delhi, March 17 (IANS) The Comptroller and Auditor General (CAG) Thursday has in a report to the Delhi High Court termed as "unreasonable" the fee hike by 25 private ... Read more...

Posted in Uncategorized |

IFRS will be implemented from April 1: Khurshid


January 4th, 2011 - 10:43 pm ICT by IANS
New Delhi, Jan 4 (IANS) The government is ready to bring in necessary regulatory amendments to implement the International Financial Regulatory Standards (IFRS) from April 1, Minister of State for Corporate ... Read more...

Posted in Business |

Parliament’s least productive session ends (Roundup)


December 13th, 2010 - 6:08 pm ICT by IANS
New Delhi, Dec 13 (IANS) Parliament was adjourned Monday sine die, ending an over month-long winter session that was the least productive ever with only seven of 138 hours of business ... Read more...

Posted in Politics |

Day 19: Parliament again collapses without business (Lead)


December 8th, 2010 - 4:14 pm ICT by IANS
New Delhi, Dec 8 (IANS) Parliament collapsed into din Wednesday - the 19th day of no business - due to persistent opposition protests demanding a joint parliamentary committee (JPC) probe into ... Read more...

Posted in Politics |

Mukherjee asks chartered accountants to apply accounting standards uniformly


November 28th, 2010 - 12:46 pm ICT by ANI
Kochi, Nov 28 (ANI): Union Finance Minister Pranab Mukherjee has asked Chartered Accountants to apply accounting standards uniformly and assist in presenting the true picture of the financial health of the ... Read more...

Posted in National |

IFRS will boost investors’ confidence: Mukherjee


November 27th, 2010 - 9:38 pm ICT by IANS
Kochi, Nov 27 (IANS) The use of globally accepted accounting framework, International Financial Reporting Standards (IFRS), will boost investors' confidence in Indian markets, Finance Minister Pranab Mukherjee said Saturday."India, as a ... Read more...

Posted in Business |

SEBI sets disclosure terms for life insurance companies


October 26th, 2010 - 1:52 pm ICT by ANI
Mumbai, Oct 26 (ANI): The Securities and Exchange Board of India (SEBI) has spelt out disclosure norms for the life insurance companies if they sell shares to the public through Initial Public ... Read more...

Posted in Business |

Mukherjee asks PSBs to accelerate financial deepening


August 14th, 2010 - 8:34 pm ICT by ANI
New Delhi, Aug.14 (ANI): Union Finance Minister Pranab Mukherjee has asked the Public Sector Banks (PSBs) to accelerate the financial deepening else it could constraint the full potential of the Indian ... Read more...

Posted in National |

Pranab Mukherjee arrives in Korea to attend G-20 Finance Ministers’ meet


June 3rd, 2010 - 4:49 pm ICT by ANI
Busan (S. Korea), June 3 (ANI): Union Finance Minister Pranab Mukherjee arrived today in Busan, South Korea on a three days visit to attend G-20 Finance Ministers meeting to be held ... Read more...

Posted in World |

Pranab in South Korea for G-20 meet


June 3rd, 2010 - 4:24 pm ICT by IANS
New Delhi, June 3 (IANS) Finance Minister Pranab Mukherjee, accompanied by Finance Secretary Ashok Chawla, Thursday arrived in South Korea's second largest city Busan on a three-day visit to attend the ... Read more...

Posted in Business |

Bharti sees modest rise in net profit (Lead)


January 22nd, 2010 - 4:47 pm ICT by IANS
New Delhi, Jan 22 (IANS) The price war in the telecom sector has taken a toll on Bharti Airtel, which posted a net profit of Rs.2,209.8 crore (Rs.22.098 billion/$479 million) for the ... Read more...

Posted in Business |

Company law to be amended in budget session


January 13th, 2010 - 1:57 pm ICT by IANS
New Delhi, Jan 13 (IANS) The government plans to introduce a bill to amend the Companies Act in the budget session of parliament to enable convergence of Indian accounting standards with the ... Read more...

Posted in Business |

ICAI to form new accounting standard for insurance sector


August 30th, 2009 - 3:39 pm ICT by ANI
Mumbai, Aug 30 (ANI): The Institute of Chartered Accountants of India (ICAI) is all set to come out with insurance specific accounting standards in the next three months.Interacting with newsmen here on ... Read more...

Posted in Business |

Bharti sees operating margin as sustainable


April 29th, 2009 - 6:14 pm ICT by ANI
New Delhi, Apr 29 (ANI): India's top mobile operator, Bharti Airtel, sees its current operating margin as sustainable, director Akhil Gupta said on Wednesday."I think anything around 40 per cent is pretty ... Read more...

Posted in Business |

Markets inched upwards during the week (Weekly market review)


April 18th, 2009 - 2:35 pm ICT by IANS
Mumbai, April 18 (IANS) Indian equities markets inched up at the end of a truncated week Friday, posting marginal gains even as opinion remained divided over the sustainability of the rally ... Read more...

Posted in Business |

India got most of what it wanted at G20 summit


April 2nd, 2009 - 11:21 pm ICT by IANS
London, April 2 (IANS) The following are the key points of the declaration issued by G20 leaders here Thursday that suggest India, represented by Prime Minister Manmohan Singh, got most ... Read more...

Posted in Business |

New Companies Act will prevent more Satyams: P.C. Gupta


February 25th, 2009 - 9:29 pm ICT by IANS
New Delhi, Feb 25 (IANS) Corporate Affairs Minister P.C. Gupta Wednesday said once the revised Companies Act becomes law, it would provide more teeth to investigating agencies that probe corporate fraud. Replying to ... Read more...

Posted in Uncategorized |

Educomp third quarter net up 66 percent


January 27th, 2009 - 6:18 pm ICT by IANS
New Delhi, Jan 27 (IANS) Education solutions provider Educomp Solutions, which last week was the subject of media scrutiny for alleged fudging of accounts, Tuesday reported a 65.8 percent increase in ... Read more...

Posted in Uncategorized |

Ranbaxy posts Rs.6.8 bn losses in fourth quarter


January 22nd, 2009 - 8:07 pm ICT by IANS
New Delhi, Jan 22 (IANS) Leading drug maker Ranbaxy Laboratories Thursday reported a net loss after tax of Rs.6.8 billion for the quarter ended Dec 31, against a profit of Rs.1.88 billion ... Read more...

Posted in Business |

Educomp files complaint against ‘malicious emails’


January 21st, 2009 - 6:18 pm ICT by IANS
New Delhi, Jan 21 (IANS) E-learning solutions provider Educomp Solutions has filed a complaint with Delhi Police against the "malicious rumours" being spread about the company, an official statement said Wednesday. ... Read more...

Posted in Uncategorized |

Daiichi says Ranbaxy acquisition will hit its bottomline


January 5th, 2009 - 4:21 pm ICT by IANS
New Delhi, Jan 5 (IANS) Japanese drug maker Daiichi Sankyo will take a hit on its books owing to its acquisition of Indian pharmaceutical major Ranbaxy Laboratories, a Daiichi company statement said ... Read more...

Posted in Uncategorized |

India’s accounting principles match global standards: EU


December 13th, 2008 - 1:05 pm ICT by IANS
Brussels, Dec 13 (IANS) The European Commission, the European Union's (EU) executive body, has accepted that the Generally Accepted Accounting Principles (GAAPs) of India are equivalent to the International Financial Reporting Standards ... Read more...

Posted in World |

Naseba Chief Financial Officers highlights role of CFOs in a flat world


September 15th, 2008 - 10:56 pm ICT by ANI
Mumbai, Sept 15 (ANI/Business Wire India ): The role of the CFO has been discussed time and again over the years. With the markets opening up, the responsibilities of the CFOs ... Read more...

Posted in South Asia |

Wipro net up 25 percent, cautious in the near-term


July 18th, 2008 - 12:48 pm ICT by IANS
Bangalore, July 18 (IANS) Wipro Ltd remains cautious in the near-term on revenue guidance from its combined IT services despite a healthy topline and bottomline growth in the first quarter (April-June) of ... Read more...

Posted in Sci-Tech |

Wipro net up 25 percent in first quarter


July 18th, 2008 - 11:38 am ICT by IANS
Bangalore, July 18 (IANS) Wipro Ltd posted net profit of Rs.9.08 billion for the first quarter (April-June) of this fiscal (2008-09), registering 25 percent growth over the same period last fiscal under ... Read more...

Posted in Business |

Wipro projects $1.09 bn revenue in second quarter


July 18th, 2008 - 11:37 am ICT by IANS
Bangalore, July 18 (IANS) Wipro Ltd has projected combined revenue of $1.09 billion from its flagship IT services business for the second quarter (July-September) of this fiscal (2008-09) under the American accounting ... Read more...

Posted in Business |

Company law amending bill to be tabled in monsoon session


May 27th, 2008 - 10:37 pm ICT by admin
Mumbai, May 27 (IANS) A bill to amend the Company Law will be introduced in the forthcoming monsoon session of parliament, an official said Tuesday. Ministry of Corporate Affairs Secretary Anurag Goyal ... Read more...

Posted in Business |

China Southern Airlines posts quantum leap in profit


April 21st, 2008 - 12:06 am ICT by admin
Xinhua Beijing, April 20 (Xinhua) China Southern Airlines Co, the country's largest carrier by fleet size, said Sunday that its first-quarter profit soared 523 percent year-on-year on the stronger yuan and greater passenger ... Read more...

Posted in World |

Sify technologies limited migrates financial reporting procedure to International


April 2nd, 2008 - 10:48 pm ICT by admin
Chennai, April 02, (ANI/Business Wire India) -- Sify technologies limited (NASDAQ National Market: SIFY), a leader in consumer, internet and enterprise services in India with global delivery capabilities, announced that the ... Read more...

Posted in World |

Infosys unveils Islamic banking solution


March 7th, 2008 - 3:38 pm ICT by admin
Mumbai, March 7 (IANS) Software solutions major Infosys Technologies Ltd Friday unveiled of its Islamic Banking Solution (IBS) for European, West Asian and Far Eastern markets. The company informed the Bombay Stock ... Read more...

Posted in Business |

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