WEB EXTRAS
CULTIVATION
Major tea producing nations not to increase area under cultivation
Call for focus on higher yield through improved productivity, techniques
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FINANCIAL SERVICES
Taxing times for money changers
As per Finance Act 2008 amendments, effective May 16, banking and other financial services will now include purchase or sale of foreign currency, including money changing services provided by banking companies etc., and also by foreign exchange ...
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COURTS/LEGAL ISSUES
Laws of inheritance: The will to settle
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ACCOUNTANCY
The road to AS 32
The ICAI has issued AS 32, “Financial Instruments: Disclosures”, which would be applicable to all entities including non-financial entities, except small medium enterprises. It would come into effect in respect of accounting periods ...
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Moving closer to IFRS
Consequent to the one-off notification issued by the Institute of Chartered Accountants of India (ICAI) advising corporates to mark-to-market all outstanding derivative contracts on their balance-sheets, there has been action aplenty. Banks and ...
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ELECTRICAL GOODS
Clair Tech enters compact fluorescent lamps biz
Clair Technology (India) Ltd, a closely-held company and part of a group with interests in power, hospitality and electronics sectors, has announced a foray into energy-efficient lighting solutions, with the launch of compact fluorescent ...
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NEW PROJECTS
Lanco Infra gets $150 m IFC credit for power projects
Lanco Infratech Ltd has secured a $150-million line of credit from IFC, Washington, recently that will help the company part finance some of the power projects at various stages of execution.In Lanco Amarkantak, a 600-MW project now ...
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REGULATORY BODIES & RULINGS
KGN relists after 7 years, zooms to Rs 55,000
Mumbai, May 21 The “relisting syndrome” surfaced again on Wednesday when Ahmedabad-based KGN Industries Ltd soared to Rs 55,000 a share on BSE after listing at Rs 100, forcing the exchange to suspend trading on the stock ...
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BRANDS
VF Corp not to buy out Arvind’s stake in joint venture
Sales growth seen lower on uncertainty in retail market, realty woes
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