WEB EXTRAS
ACCOUNTING STANDARDS
Do accounting standards apply to NPOs?
It is not unusual to find fixed assets recorded at a nominal amount of Re 1 in the balance-sheets of NPOs (not-for-profit organisations). The assets may have been received free of cost as donation or grant. From an accounting angle, there is no ...
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ECONOMY
16 SEZ proposals get formal approval
The board of approval for SEZs today deferred a decision on giving formal clearance to the Reliance-promoted Navi Mumbai SEZ Pvt Ltd for a multi-product SEZ spread over 1,250 hectares in Maharashtra, while granting formal approvals to 16 ...
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PETROLEUM
GAIL plans Rs 2,744 cr capex for 2007-08
Investments towards pipeline projects, plant expansion
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POLICY
Call to frame biodiesel policy
The State would need to come out with a comprehensive policy to give a clear direction to biodiesel programmes and promotional activities. Cultivation of jatropha shall, in the first phase, be undertaken on available wastelands of upto 1.44 ...
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CARS
Hind Motors plans new variants for Lancer and SUV range soon
Intends to capture CNG market with price cuts
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OFFICE EQUIPMENTS & SUPPLIES
Small, medium firms may spend $330 m on printers
Small and medium businesses (SMBs) in India are likely to spend $330 million on printers in the current calendar year. This would be an increase of 19 per cent over an expenditure of $280 million incurred by Indian SMBs on printers in 2006, ...
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COMMODITY MARKETS
Buying support helps pepper futures gain
After declining continuously over the past few days, pepper futures moved up on Wednesday on overseas buying support. Bull operators holding long positions in May have switched over to June. Some exporters have sold to the US at $3,975 a tonne ...
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ASSET MANAGEMENT COMPANIES
BNP arm buys 49.9% stake in Sundaram Home Finance
Union de Credit pour le Batiment SA (UCB) will pay Rs 196.98 crore for a 49.90 per cent stake in Sundaram Home Finance Ltd, a subsidiary of Sundaram Finance Ltd. UCB, a subsidiary of the Paris-headquartered international bank BNP Paribas SA, ...
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INTERVIEW
`Deemed dividend' in capital reduction vs buyback
Colgate-Palmolive India Ltd recently informed the bourses about a `deemed dividend' at Rs 9 per share, apart from a special `70th anniversary dividend of Rs 2 per share'. The deemed dividend is proposed to be through a return of Rs 122.40 crore ...
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RETAILING
Raymond, Grotto plan 60 brand outlets for GAS
They may take the 50:50 joint venture route
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