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Investors look out for non-financial data in company reports: EY Survey
Several global CFO’s EY polled also articulated the need for a ‘change of culture’ in their finance teams especially regarding the team’s approach to matters concerning transparency and a greater willingness to question boards and management on the quality of disclosures.
Smart automation can contribute to company bottomline through energy efficiency
Typically in an office air conditioning can account for 25-35% of the energy. There is usually significant wastage in their usage and the higher the wattage, the more the wastage costs. For instance, eliminating 1 hour of wastage a day for a 1.5 ton AC can save almost Rs.500 per month in energy costs.
Discoms suffering severe financial stress: Ind-Ra
Only four discoms – Dakshin Gujarat, Madhya Gujarat and Uttar Gujarat and Bengaluru Electricity Supply Company Ltd have outperformed their UDAY’s AT&C loss target in FY18.
Personal Data Protection Bill seeks access to users' data from companies
The bill introduces a provision empowering the govt to ask a firm to provide anonymized personal data.
Korean company starts arbitration against India
The development comes about a year after the company issued notices to the government seeking gas supplies within six months. It also comes on the back of the Centre seeking to end the impasse over executed contracts between renewable energy companies and the Andhra Pradesh government in order to safeguard clean energy investments.
FDI limit in insurance companies may rise to 74%
The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.
$3 billion manager bets on India's beleaguered financial sector
The firm aims to eventually attract $1 billion from funds globally to invest in India.
NCLT again seeks clarity on Jet slots from DGCA, ministry
After Jet Airways went bust in mid-April, government temporarily allotted the hundreds of slots owned by Jet to other carriers, with an apparent bid to contain soaring airfares in the peak holiday season. The slots were first allotted to other airlines for three months, which was extended to December-end. The lack of clarity on slots has created confusion.
Share market update: Nifty Financial Services index up; REC rises 3%
The Nifty Financial Services index was trading 0.11 per cent up at 14,087.50.
Warburg Pincus and Vivtera announce investment in Arise Virtual Solutions
The investment will allow Arise to leverage Vivtera’s expertise in scaling up BPM companies, enhancing the differentiation and delivering superior business outcomes to its Clients using digital technologies.
Financial officers in India feel healthy corporate culture is critical to building trust: Survey
"Driving culture transformation in finance is imperative to presenting a forward-looking corporate reporting based on a wider balance between financial and non-financial information," Sandip Khetan, national leader and partner, financial accounting advisory services, EY India, said.
Stocks in the news: YES Bank, Bharti Airtel, Dish TV, Tata Motors and IDBI Bank
Concor said L & L Partners has been appointed as legal advisor for divestment of the firm
Buy TVS Motor Company, target Rs 460: Kunal Bothra
Buy TVS Motor Company Ltd. at a price target of Rs 460.0 and a stoploss at Rs 430 from entry point.
Family feud at Gati may hinder share sale to Allcargo Logistics
On December 5, Allcargo bought 10.38 million, or 8.51%, shares in Gati for Rs 77.8 crore.
To share user data or not? Tech companies not on same page
Cos aren’t on the same page over the issue of sharing non-personal, or anonymous, information with govt.
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