Reporting under Indian Accounting Standards (Ind AS) may significantly impact tax-planning strategies for many deals and will also have a high impact on key performance indicators of companies, says author Jigar Parikh.
S Krishnan, CFO of Welspun Corp, said that the company's order book is an indication of the road ahead. There are challenges and we will need to work on Americas and Middle East, he said.
Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).
The tech giant said Tuesday that its first-quarter adjusted earnings came in at 15 cents per share on USD 1.04 billion in revenue.
The big news though was Cognizant‘s upward revision of revenues for the full year. In Q2, 2013 the company had said that it expected revenues to come in at USD 8.74 billion, a growth of 19 percent compared to the previous year.
IBM said that a "substantional second-half gain" it was expecting in its previous EPS outlook "will not likely be achieved" by the end of 2013.
Shares of Facebook Inc, which were given a boost last week when the social networking company reported first quarter results that largely met analysts' expectations, may be over valued, financial newspaper Barron's said on Sunday.
IBM Corp , the world's largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.
Nirmal Bang is bullish on Coal India (CIL) and has recommended buy rating on the stock with a target price of Rs 374, in its April 03, 2013 research report.
KKR reported a 22 per cent rise in economic net income in the fourth quarter as the pioneering private equity firm registered its most profitable year since going public, raised more money than in any other single year and gave more money back to investors than ever before.
We don't have activist investors in this country, yet. But, in recent months, a new breed of activist analysts have sprung up. To illustrate let me use 3 recent research reports that caused much anguish to the companies they covered.
The last two months have seen a few blue chip companies go head to head with influential brokerages over accounting policies. Brokerages are increasingly seeking more transparency and disclosure from corporates raising doubts over what they see as aggressive accounting practices, reports CNBC-TV18's Sajeet Manghat and Animesh Das.
Keki Mistry, vice-chairman and CEO, HDFC explains to CNBC-TV18 that the earnings, alleged to be overstated by a Macquarie report, are based on following accounting adjustments and systems that are widely used and accepted.
The Institute of Chartered Accountants of India (ICAI) has approached the capital market regulator â€“ the Securities Exchange Board of India for a four-pronged change in company compliance norms. Last week, the accounting regulator met the SEBI chairman U K Sinha to apprise him on those issues.
The Ministry of Corporate Affairs said that India Inc will not have to face fresh tax liability from International Financial Reporting Standards (IFRS) anymore, reports CNBC-TV18 quoting sources.
The corporate affairs ministry will take a final call on International Financial Reporting Standards IFRS implementation in the next fortnight and meetings are taking place at the MCA almost everyday, reports CNBC-TV18’s Malvika Jain.
Goldman Sachs Group Inc is partially pulling back the curtain on a balance sheet some have criticized as opaque, but the change is unlikely to provide all the answers some investors want.