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WEB EXTRAS

ACCOUNTANCY: Forex accounting relief only for corporates
ICAI asks non-corporates to continue adopting AS-11. New Delhi, April 3 Corporates may have got a huge relief from the Government’s generosity in relaxation of application of an accounting standard on foreign exchange rate differences. ...

OUTLOOK: The water tanker effect
The Income-Tax Act, 1961, more specifically Section 9 thereof, is the bugbear of non-residents and the between-the-two-stools category called not-ordinarily-residents. If it raises the hackles of foreign companies endowed with cutting ...

TAXATION: MTM — cause or effect?
Not for the first time, accounting has become the whipping horse for a crisis that has engulfed the global financial system. Mark to market (MTM) accounting has been blamed for precipitating the credit crisis by many, and calls for its ...

ECONOMY: ‘Stable Government at the Centre can help improve economy’
Coimbatore, April 3 The newly elected Chairman of CII (Southern Region), Mr C.R. Swaminathan, said only a stable Government at the Centre would give hope to ...

HARDWARE: HP sees good traction for data management solutions
Bangalore, April 3 Technology major Hewlett-Packard Co expects good traction for its information management solutions, even as clients look to cut costs and hardware sales decline on the back of the global ...

PHARMACEUTICALS: Kemwell ties up with Canada’s Patheon
Bangalore, April 3 Pureplay contract drug manufacturer Kemwell P Ltd and Patheon Inc of Canada said they have entered into a strategic alliance to tap mutual ...





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Markets (April 3)
Nifty (on April 2)3214.15(+153.80)
US Dollar (Buy/Sell)50.34/35
Brent crude (a bbl) Rs2,603
Gold (a gram) Rs1,390
Silver (a kg) Rs22,645


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