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LIABILITY RECLASSIFICATION
When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...
Sebi proposes easing margin trading funding rules, tighter broker normsSEBI has proposed reforms to the Margin Trading Facility, including increasing broker net-worth requirements to Rs 5 crore, permitting LLPs...
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...
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
Karnataka disputes RBI’s liability figures ahead of State Budget on Friday, seeks AG correctionKarnataka challenges the Reserve Bank of India's debt figures. The state government has written to the Accountant General seeking a review ...
ATC takes $1.2 bn hit in India exit deal with BrookfieldAmerican Tower Corporation (ATC) reported a $1.2 billion loss from selling its Indian subsidiary, ATC Telecom Infrastructure Pvt Ltd (ATC-T...
ET Explainer: Debating promoter reclassificationSebi committee discusses but ultimately rejects proposal to reclassify promoters in listed companies, maintaining the 10% threshold rule. C...
Foreign-owned assets in India increased by $37.3 bn during Sept quarter: RBIForeign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents' overseas financial assets rose...
New NCLT ruling gives leeway to companies that want to restructure, give exit to some shareholdersThe ruling brings clarity that such re-classification does not tantamount to reduction of 'equity share capital' per se. The NCLT said ther...
Over 67% stocks still below Jan ’18 levels despite bull runTop indices with hefty overseas ownerships – the Nifty and the Sensex – have risen in lockstep with global equities to new summits, but the...
View: The change of guard in the US is an opportunity to enforce true accountability over the internet industryPublic opinion has shifted dramatically over the past three years to the extent that in 2020, people believe that big tech exerts far too m...
Religare approaches exchanges for declassifying Singh brothers as promotersThe decision got delayed after changes in norms by Sebi wherein stock exchanges were authorised to take a call on declassification of promo...
View: India needs to maintain a balance between protecting its debtors and creditorsBy discharging companies from liability for all defaults — which have occurred during the lockdown, without ascertaining the nature or caus...
RBI may extend moratorium on repayment of loans for three more months: ReportThe lockdown was first announced by PM Narendra Modi on March 24 for 21 days in a bid to combat the Covid-19 pandemic. It was first extende...
Stock Ideas: Motilal Oswal has buy rating on Bharti Airtel, target price Rs 710The company is well placed to drive additional ARPU growth and market share gains given the vulnerability of its peers. This should help it...
Reliance Power shares hit 10% lower circuit limit on Rs 3,559 crore Q4 lossTotal income in the quarter declined to Rs 1,687.86 crore from Rs 2,321.68 crore.
Reliance Power books impairment, arm defaults on loan repaymentReliance Power has booked impairment and write-offs worth Rs 4,170 crore in the March quarter.
Panaya, the firm that undid Sikka regime at Infosys, lined up for saleFirm's Co-founder Narayana Murthy had raised a storm over lack of transparency in the deal.
Meghalaya presents Rs 819 crore deficit budget for FY16Estimating the total receipts at Rs 9,282 crore as compared to Rs 11,156 crore last year, he said revenue receipts are estimated at Rs 8,40...
- Company law changes to catalyse fusion with global norms
Corporate houses going for overseas purchases as well as selling stake to foreign investors need not worry about the ongoing exhaustive rev...