NFRA seeks client details from auditors
The audit regulator seeks info on audit processes, number of clients, non-audit work done for them and fees.
Carmakers give last of the best BS-IV discounts
Automakers are offering record high discounts in December, these range from 5% to 15%.
Under partial credit guarantee scheme: Govt aims at approving proposals worth Rs 20,000 crore over next two weeks
Govt aims to propel retail ...
Buy HDFC Life Insurance Company, price target Rs 615: Shrikant Chouhan
The analyst suggested a stoploss at Rs 570
TikTok, Facebook and Instagram bring music to labels' ears
Music companies such as T-Series, Times Music & Saregama set to earn over Rs 100 crore this year as users put posts on these platforms with their music. Many experts say these are early days and with more users in India getting exposed to social media's features, music labels will benefit more. The revenue potential of these platforms may increase substantially.
IITs see a surge in global offers for the class of 2020
International job offers for the Class of 2020 during final placements have jumped upwards by as much as 400%.
Assets of companies under insolvency can’t be attached by agencies
The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet on Wednesday.
Proposal to let Indian companies list abroad directly divides investment banks
A company can list on a foreign exchange only after it has listed on a domestic bourse.
Digital companies scramble to save on tax as India tightens data laws
The fear for companies such as Google, Facebook, Netflix, Amazon and LinkedIn is that if the servers sit in India, it would be seen as a PE and will attract higher tax. Some are also exploring another route for tax saving. They may consider creating a separate company that would own servers and the main entity would only pay “rent” for using it.
Pharma companies seek hike in drug rates under price control
Chinese API imports turn 200% costlier, making production costlier in India. Over 70% of the country’s total bulk drug requirement comes from China. These bulk drugs or active pharmaceutical ingredients (API) are used in producing medicines, including essential items like antibiotics, vitamins and folic acid.
Companies need to collaborate to move needle on gender diversity: Zinnov-Intel India study
The study evaluated 60 companies from the Indian ecosystem, comprising global capability centres (GCCs), technology service providers, startups, and Indian companies, to gain an understanding of the current diversity landscape, with the intent of baselining key practices to improve diversity.
Ujjivan SFB listing to have impact on holding company as well: Hemang Jani, Sharekhan
Ujjivan Small Finance Bank’s overall operating performance has been decent and in terms of NPL quality, it is about 0.85 net NPL.
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.
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