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Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the new financial year, starting Sunday. According to experts, Ind AS 115 will help in more transparent accounting of revenues and ... Read More »

How misadventures of Bank of Baroda dragged it into South Africa’s political crisis

The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File) In June 2017, an anodyne footnote to the Bank of Baroda’s (BoB) quarterly results mentioned a fine levied by the South African Reserve Bank (SARB), headquartered in Pretoria. The sum — Rs 5.45 crore — was insignificant for an institution the size of BoB. No further details were given; the ... Read More »

SyncStream Benefits Analysis Toolkit Gives Glimpse Into Your Business’s Future

SyncStream has a new tool designed to forecast the cost of employee benefits. The Benefits Analysis Toolkit automates a variety of benefits calculations to free up HR department timeand eliminate human error. SyncStream Benefits Analysis Toolkit Small Business Trends recently spoke with Arthur Tacchino, Chief Innovation Officer at SyncStream, about their new Benefits Analysis Toolkit. The toolkit has been designed to look forward ... Read More »

Injuries Force Baker Back Into Loan Market

Injuries and the availability of players over the next month have led to Neil Baker, manager of Evo-Stik League South club Leek Town, dipping into the loan market once again for cover. The club have signed highly-rated midfielder Mike Calveley from SkyBet League Two side Port Vale. Calveley signed a one-year professional contract in May, following an impressive year with ... Read More »

Silver Reel is latest production firm to move into UK TV market

Silver Reel, the Swiss finance and production company behind films including the upcoming Breathe, Andy Serkis’s directorial debut featuring Andrew Garfield and Claire Foy, is launching a €50m (£45.6m) fund to make TV drama in Britain, taking advantage of the weakening of the pound since the Brexit vote. Silver Reel has invested more than £500m making 35 films in the last decade, ... Read More »

The wealth destroyers: 12 stocks that turned crorepatis into average men this year

The list of top wealth destroyers has several big names such as Videocon and Religare. NEW DELHI: Everyone talks about multibaggers in the stock market; very few dare mention the wealth destroyers. A dozen BSE-listed stocks with market values in excess of Rs 500 crore have wiped out up to 85 per cent of investor wealth this year, even as the benchmark Sensex rallied over 22 ... Read More »

China’s top bike-sharing company cycles into London

China’s top bike-sharing company Mobike is pedalling into London with its dockless, GPS-enabled bicycles. The “smart” bikes, whose wheels can be locked anywhere and unlocked using a smartphone app, will arrive in the west London borough of Ealing in September, Mobike announced on Monday. The company plans to start with 750 bicycles and increase that number to meet demand. “We’re committed to ... Read More »

Flipkart to foray into grocery segment; launches pilot project

Flipkart has undertaken a pilot programme in Bengaluru, aiming to foray into grocery segment and may expand it to other places across the country, a senior official said here today. The homegrown e-commerce player plans to launch the grocery service shortly, Anil Goteti head of marketplace, Flipkart told reporters without giving any timeframe for the launch. “We will be opening ... Read More »

Flipkart to foray into grocery segment; launches pilot project

Flipkart has undertaken a pilot programme in Bengaluru, aiming to foray into grocery segment and may expand it to other places across the country, a senior official said here today. The homegrown e-commerce player plans to launch the grocery service shortly, Anil Goteti head of marketplace, Flipkart told reporters without giving any timeframe for the launch. “We will be opening ... Read More »

Three big events could bring some volatility back into markets

Getty Images Traders work on the floor of the New York Stock Exchange. The record high stock market may be signaling it’s the best of times. But the bond market looks to be saying just the opposite: If it’s not the worst of times, it soon could be. Traders have been debating which one is right — the stock market ... Read More »