One more attempt to slim company law
THE NEW boss of the Department of Company Affairs, Mr Prem Chand Gupta, Union Minister of State (Independent Charge) for Company Affairs, has highlighted some interesting statistics. Such as that Rs 300 crore is spent ...
ON MINT STREET
Govt in the loop on bank holding norms?
WILL the Union Budget lift the 10 per cent cap on voting rights in banks imposed by the Banking Regulation Act? The 2003-04 Budget presented by Mr Jaswant Singh did promise scrapping the restriction. "The voting rights of any person holding ...
BOOKS OF ACCOUNT
Effective collections do not just happen
THE suspense should be over within hours when the FM lets his Budget cat out of the bag. If markets were to crash in reaction, we would once again count the cash in our hands fondly, like a pet suffering from stunted ...
Call an auditor to blow the whistle
ONE of the recent corporate reforms has been to put whistleblowers on a pedestal. The Sarbanes-Oxley Act too mandates it, to ensure better governance. Thus audit committees have to allow employees to report accounting ...
COMING TO TERMS
No deficit of `deficit' in Budget
IF YOU were to search for `deficit' in Mr Laloo Prasad's maiden Railway Budget speech, you would not find it. Nor does it exist in the ``highlights of the Budget' put up in www.indianrailways.gov.in. Mr P. ...
EAR TO THE GROUND
Aluminium cos gain
SHARES of aluminium makers Hindalco and Nalco gathered strength on the bourses on the back of recovery in global aluminium prices on the London Metal Exchange and signs of a revival in demand from China. Aluminium prices on the LME had softened ...
ON THE HEDGE
Tata Tea: Outlook positive, buy July futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: Tata Tea: The stock closed at Rs 394 in the spot market. The outlook appears positive. The upside price target is Rs 420. ...
Volatile market ends on a positive note
MARKETS remained volatile on Wednesday, as the benchmark BSE Sensex closed the day on a positive note. The 30-stock index rose by 27.38 points (0.56 per cent). The index opened the day on a weak note at 4919.54 points, about nine points lower ...
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