Tag Archives: new

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 »

New Optic Technology Could Herald Terahertz Microchips

Researchers have developed a technology that could enable our computers – and all optic communication devices – to run 100 times faster through terahertz microchips. “This discovery could help fill the ‘THz gap’ and create new and more powerful wireless devices that could transmit data at significantly higher speeds than currently possible,” said one of the researchers Uriel Levy from ... Read More »

Samsung, Fujitsu Pick France for New AI Research Centres

South Korean giant Samsung said Wednesday it will set up its third-biggest research centre for artificial intelligence in France. The announcement was made by Samsung Electronics president and chief strategy officer, Young Sohn, during a meeting with French President Emmanuel Macron in Paris. At the same time, Japanese group Fujitsu also announced it would set up a European AI research centre in France, expanding the small ... Read More »

Small Businesses Add 58,000 New Jobs, ADP Reports

A report suggests growth of private sector employment beat projections by almost 50,000 jobs in January 2018 and small businesses were a big part of that growth. Economists were projecting an increase of 185,000 private sector jobs for the first month of the new year. However, the ADP (NASDAQ:ADP) National Employment Report showed a growth of almost 50,000 more private sector ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

ICICI Bank To Offer New Range Of Services For Ola Ride Booking. Details Here

ICICI Bank will also offer a ‘Pay Direct’ card for Ola’s driver partners. New Delhi: Cab-hailing app Ola today said it has partnered with ICICI Bank to offer a range of integrated services to customers and driver-partners. As part of the tie-up, customers of ICICI Bank will be able to book Ola rides and pay the fare through the bank’s ... Read More »

New year adds fizz to stock market rally

Shares across the world have made a powerful start to the year as economic data from three continents buoyed hopes that faster global growth will push stock markets to new all-time highs. Widespread optimism over the prospects for the world economy showed little sign of abating on Friday even after mixed US jobs data, with the benchmark US S&P 500 ... Read More »

China’s new consumption-driven economy isn’t what it seems

Are Chinese consumers really spending heavily? Data suggests it is the rich who are consuming, not the masses. (Photo by Akira Kodaka) BEIJING — China’s transition to an economy driven by consumption, rather than investment, is complete — at least according to the National Bureau of Statistics. Mao Shengyong, a bureau spokesman, on Dec. 14 told reporters that while investment ... Read More »

Cambrian is the new kid on the block-chain investment scene

Blockchain investment firms are the ‘new new thing’ in the investment world, not least European companies like kryptonite1 and neufund which are both appearing at TechCrunch Disrupt in Berlin next week. If the internet came along in the 90s to move information assets around, blockchain technologies present potential for a variety of assets, with the potential to disrupt the financial services industry. Now there’s a new ... Read More »

Fifa bribery trial due to kick off in New York court on Monday

The trial of the Fifa officials is part of a sweeping criminal probe in which US prosecutors have charged 42 people and entities. Photo: Reuters New York: More than two years after US prosecutors unveiled a sweeping corruption case that rocked Fifa, soccer’s world governing body, three former officials linked to the organization are due to face trial on graft charges ... Read More »