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50% Indian businesses believe their successors will be appointed from within the business

24 Feb 2014

48% Indian businesses are either using or have used the services of a business coach to develop their leadership skills

Indian M&A should perk up post elections: Grant Thornton

30 Jan 2014

In an interview with CNBC-TV18’s Elan Dutta, Raja Lahiri, Partner, Transaction Advisory Services, Grant Thornton India, spoke about how the mergers & acquisitions space played out in 2013.

India slips from top to 8th spot in biz optimism

11 Jan 2014

“India has slipped from top-ping the optimism charts in the IBR for five consecutive years to now falling to number eight on the global tables,” Grant Thornton India LLP National Managing Partner Vishesh Chandiok said.

India slips from top to 8th spot in global business optimism index: Survey

10 Jan 2014

India has slipped from topping the optimism charts in the IBR for five consecutive years to now falling to no 8 on the global tables,” Grant Thornton India LLP National Managing Partner Vishesh Chandiok said.

India Inc. optimistic about growth, economy in 2014

09 Jan 2014

With 2014 beginning to unravel, most Indian businesses are optimistic about the growth of their operations and hold a positive outlook for the economy during the year ahead, according to the new research from Grant Thornton’s International Business Report (IBR). During the last quarter of 2013, 69% of businesses expressed optimism over the country’s economy in 2014, as compared to 57% in the third quarter of last calendar year. The appointment of Raghuram Rajan as the new governor of Reserve Bank of India seems to have steadied the economy and provided the much-needed confidence to Indian businesses.

Europe Joins India In Audit Reform

06 Jan 2014

The European legislator’s recently reached agreement in principle to reform the law as it applies to large companies and their auditors. Much of the reform will be familiar to followers of developments under the Indian Companies Act 2013, and provides further evidence that issues in capital markets are rarely national in nature.

When the BOOT pinches

06 Jan 2014

There is “double accounting” for revenue, first for the construction service and later as the fee or toll charged from users.

Sales that return to haunt the book-keeper

06 Jan 2014

For some time now, companies have been grappling with a peculiar issue related to the recognition of sales returns after the reporting date. While the issue is relevant to all industries, it is more so for the consumer goods sector such as garments, footwear, white goods, accessories and so on, where sales happen through various dealers, distributors and franchise channels with the understanding that unsold goods can be returned to the seller. Companies have chosen the guidance available under Accounting Standard 9: Revenue Recognition and AS-29 — Provisions, Contingent Liabilities and Contingent Assets, often leading to varied practices.

For the right kind of ‘prudence’

06 Jan 2014

Supporters call for a distinction between ‘bad’ prudence, or deliberate misstatement, and caution necessitated by uncertainty.

How well do you know the company you’re after?

06 Jan 2014

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”