COLUMNS
ACCOUNT SPEAK
Kudos unlimited suffers from the law of diminishing marginal utility
AFTER congratulating the Finance Minister for his Budget, the Institute of Chartered Accountants of India spares no phrase to heap praises, such as: that the Budget would give impetus to the growth of the economy; is in ...
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BOOKS OF ACCOUNT
Get deft with ABC
ABC captured the imagination of businesses a few decades ago. Thus, activity-based costing was sometimes called `always better costing' too. "ABC removed the grotesquely distorting effect of broad-brushed overhead ...
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GLOBE TROT
Accounting becomes accountability
IN A significant move, the US General Accounting Office (GAO) has adopted a new name. It is now the Government Accountability Office. AccountingWeb observes that some were sorry to see the name of the agency, ...
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COMING TO TERMS
Service is a drama but taxman is in the greenroom
Service tax axe is yet to fall on lawyers and doctors, barbers and cobblers, but has already sucked in pandal contractors and caterers, cheques and lockers. Now, with the taxmen sniffing at every nook to identify taxable service, one has to lo ok up what the word means.
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EAR TO THE GROUND
Weather beaten
AFTER cement and auto stocks, it was the turn of FMCG scrips to be affected by monsoon blues. On concern that monsoon will not be normal this year, there was across the board selling in most of the FMCG stocks. The major stocks to come under ...
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ON THE HEDGE
Outlook negative for HLL, PNB; Sell July futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segments on the NSE: HLL: The stock closed at Rs 122 in the spot market. The outlook appears negative. The near-term downside price target is Rs ...
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SENSOR
Weather worries down markets
UNCERTAINTY regarding the turnover tax and erratic monsoons appeared to have weighed heavily on the secondary markets on Wednesday. Triggered by the sharp fall in key index heavyweight stocks, the benchmark BSE Sensex closed the second trading ...
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