bse sensex

Many people have articulated about the possible ill-effects of the proposed introduction of IFRS in India but such dissenting voices are muffled in the said euphoric din by those who neither understand nor bother to understand the implications. IFRS Full Article

The government will stick to its April 1 deadline for 300 large companies to align their accounts with global financial reporting norms, despite concerns raised by an industry lobby. “India will have to honour the commitment made at the G20 summit,” Full Article

Improves investor confidence across the world with transparency and comparability Improves inter-unit/ inter-firm/inter-industry comparison Group consolidation made easy with same standard by all companies in group wherever located Acceptability of f Full Article

It is festive season once again with diwali shopping on throughout the country. This time festivities have started much early and the mood of all buyers and businessmen- all is upbeat. The reasons are obvious with no major negative factor playing around. This diwali is backed by good and widespread monsoon bringing in general bullishness everywhere, farmers smiling; no water crisis, so civic bodies are also relieved and disposable surplus with one and all is higher. Al.. Full Article

On January 22, 2010 the Ministry of Corporate Affairs issued the road map for transition to IFRS. It is clear that India has deferred transition to IFRS by a year. In the first phase, companies included in Nifty 50 or BSE Sensex, and companies whose securities are listed on stock exchanges outside India and all other companies having net worth of Rs 1,000 crore will prepare and present financial statements using Indian Accounting Standards converged with IFRS. Full Article

The Core Group, constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) from April, 2011, that held its meeting on 11th January 2010 agreed that in view of the roadmap for achieving convergence, there will be two separate sets of Accounting Standards u/s Section 211(3C) of the Companies Act, 1956. Full Article

The rise in the stock markets post March 2009 is probably the sharpest we have seen in over a decade or so. The BSE-Sensex has risen by around 81% during the year. However, there were a few stocks that missed out on this rally. In this article, we have highlighted the top five stocks that underperformed the benchmark index. Full Article

...if it is intended to be ‘buy and forget'! The two bear markets that we have seen over the past ten years - first at its start in 2000 and then near its end in 2008 - have demonstrated exactly how dangerous buy and forget can be. In the first bear market, which went on from February 2000 through September 2001, the BSE-Sensex fell 56%. In the second bear market, that began in January 2008 and seems to have ended in March 2009, the index lost almost 61%. Full Article