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Tax pressure eases on existing AIFs

21 Oct 2014

The Rs 5,000-crore alternate investment fund (AIF) sector is relieved at a favourable ruling by the income tax tribunal. The latter has ruled that a recent circular by the Central Board of Direct Tax (CBDT) cannot be applied retrospectively.

Should a departing leader poach his employees?

21 Oct 2014

Soon after joining as the chief executive officer (CEO) of Infosys Ltd, Vishal Sikka hired senior executives from SAP AG, where he had worked earlier. We ask experts whether a departing leader should hire people from his previous team to the new company and its possible implications.

Warburg glitter for Kalyan Jewellers

20 Oct 2014

Private equity company Warburg Pincus has invested Rs 1,200 crore in Kalyan Jewellers, a Kerala-based jewellery manufacturing and distributing company, for an undisclosed stake.

Capital Raising: Accounting Rules That May Haunt You!

18 Oct 2014

Buoyed by the expectation of a steady progressive government, the market sentiment in India is definitely up again. Investors are looking out for opportunities and corporates have more optimism than in the recent past. Accordingly, one can expect a steady uptick in the number of companies who are looking to draw more finance, be in the form of debt or equity.

India Inc Shying Away from New Investments

17 Oct 2014

India Inc still seems to be reeling under the pressures of the economic slowdown and policy paralysis that defined the UPA regime. According to a CARE Ratings study on capital expenditure by companies between FY09 and FY14, investments in fixed assets have been on a downward spiral in the last three fiscals.

Flipkart looks to restructure team, plans to make marketplace more effective

17 Oct 2014

Flipkart, which adopted an online marketplace model in letter a year ago, has now set into motion actions to embrace it in spirit too.

Flipkart looks to restructure team, plans to make marketplace more effective

17 Oct 2014

Businesses leaders in emerging markets are more focused on the sustainability of their operations compared with peers in developed markets, a Grant Thornton report says.

Citibank and SBI experimenting human-less digital banking experience at the mall

16 Oct 2014

It’s still early in the day at Phoenix Market City, one of the largest malls in crowded Mumbai. Da Milano, Debenhams, Vera Moda and Samsung have surprising company — a State Bank of India (SBI) branch. And its unlikely location is not the only surprise.

Auditors get another year for internal financial controls reporting

16 Oct 2014

The government has deferred mandatory reporting of companies’ ‘internal financial controls’ by auditors, from this financial year to the next one.

Single window needed

15 Oct 2014

The Indian real estate sector has witnessed a roller coaster ride overthe past two decades. The bullish run during 2007-08 was followed by a decline during the economic slowdown beginning mid-2008. The startling dip in foreign investment into the realty sector bears testament to this tumultuous journey.