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ACCOUNT SPEAK
Percentage to pique at
WHEN in school, percentages used to mean marks scored. In college, we laboriously computed GP ratio and such other percentages to cut our teeth on financial analysis. However, as we grew, we learnt that percentage has a ... More

BOOKS OF ACCOUNT
A silver lining in tax practice
AFTER a 14-year exile, here returns the rightful king, Kanga & Palkhivala, to the land of tax literature. The ninth edition of The Law and Practice of Income Tax has been published in two volumes by LexisNexis ... More

GLOBE TROT
How lawyers are different from accountants
SOME of the top law firms in the UK have asked for being treated differently from accountants. AccountingWeb cites the Financial Times that these big firms are seeking an exemption from having to report ... More

COMING TO TERMS
Cess for assess
TAX is an unpleasant word, so our politicians are now talking of cess. The Common Minimum Programme of the new government is determined to introduce "a cess on all Central taxes to finance the commitment to universalise ... More

EAR TO THE GROUND
Selling pressure on auto co
THE counter of auto-ancillary company Amforge Industries is on downward move over the last few days. Even on Wednesday, the counter of the company was down. It closed at Rs 78.15, down 1.20 per cent with volume of 81,986 shares. In the last one ... More

ON THE HEDGE
ONGC: Outlook positive, buy June futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: ONGC: The stock closed at Rs 657 in the spot market. It has declined from Rs 948 to a low of Rs 510 in recent times. The ... More

SENSOR
Oil, banking stocks prominent gainers
THE market sentiment remained positive during Wednesday's trading. The key market indices recorded gains for the second successive day. The BSE Sensex closed at 4923.69, up 88.57 points over previous day's close. The overall business volume, ... More

Top Stories
ICICI Infotech launches ERP package for SMEs

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