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CLASSIFICATION PROBLEMS
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
In 1987, the world swapped ozone-destroying CFCs for safer refrigerants; nearly 40 years later, scientists found the switch had been quietly raining a forever chemical across the planetChemicals meant to protect the planet are now causing a new issue. Replacements for ozone-damaging CFCs are forming a stubborn chemical, TF...
For investors with ability to understand and take risks: 6 small-caps from different sectors with upside potential of up to 26%The mood across global markets is not great at this point of time. News headlines point in directions we would rather they did not. But suc...
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
In 1999, treasure hunters dug up a corroded disk in Germany, and Bronze Age skies came back into viewAn illegal discovery of a rusted bronze disc near Nebra, Germany, has revealed profound insights into Bronze Age understanding of the cosmo...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
In 1853, a chef sliced potatoes paper-thin after a complaint which led to the creation of potato chipsThe intriguing legend of George Crum discovering potato chips at Moon Lake Lodge in Saratoga Springs, New York, enchants food lovers everyw...
Minimum wage, social security on the table as global gig work talks beginGlobal talks are underway for new rules on platform work. These standards will cover ride-hailing and delivery services. A key debate is mi...
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
Quote of the day by Aristotle: 'Life is only meaningful when we are striving for...' Life lessons on goals, hard work and success by ancient Greek philosopher and scientistQuote of the day by Aristotle highlights the importance of goals, hard work, learning, and purpose in life. The quote explains how people f...
Supreme Court upholds Bihar SIR, calls it key to free and fair pollsThe Supreme Court has upheld the special intensive revision of electoral rolls in Bihar. The court stated this process is vital for ensurin...
CBSE's three-language policy sparks concerns over timing, logisticsNew CBSE guidelines for Class 9 language learning have caused concern. Educationists and parents question the timing of the three-language ...
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
The AI analyzed 1,974 unclassified tracks and raised some very troubling questions about the “bird tracks”New research uses artificial intelligence to analyze ancient footprints. This study suggests bird-like relatives may have existed millions ...
The off-balance sheet trick didn’t die in 2019: How Indian managements still hide obligations from investorsThis is one of the most judgement-heavy corners of an Indian balance sheet and one of the easiest to stretch. This part of the series is ab...
SEBI seeks CBDT clarity on tax role of authorised representatives of FPIsIndia's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund...
Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigateProperty ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyer...
West Asia War: India permits Iranian oil tankers to berth for Reliance, sources sayWest Asia War: India's shipping ministry has granted special permission for four vessels carrying Iranian oil to dock at Sikka port. This m...
I Cleaned the Floors But Did Not Dry Them ProperlyLeaving floors wet after cleaning poses significant risks. Research highlights that moisture causes slips and falls, leading to injuries. B...
From cycle locks to breaded cheese, companies and authorities differ over classification for levying GSTIn one of the cases the bone of contention was whether cycle locks should be treated as parts and accessories of bicycles and are distinct ...