With the world under their feet after lifting the World Cup, Dhoni’s daredevils are also set to stamp their authority in the endorsement market with their brand equity set to touch to new highs. While the historic win will push captain Dhoni to a new trajectory in the branding business, others like Yuvraj Singh will also see a rejuvenation, while even youngsters such as Virat Kohli and Suresh Raina are tipped to benefit immensely. As for the master blaster Sachin Tendulkar , the win will re-enforce his already strong brand equity.
Promoters of Unitech Wirless , the company which benefited the most in the 2G spectrum allocation scam, gained Rs 2,342 crores, the CBI told a special court in its charge sheet against former Telecom Minister A Raja , besides eight others and three telecom companies. The investigating agency said a subscription agreement on October 28, 2008 between various Unitech group companies and others had decided to infuse extra equity in the companies for 66.5 per cent stake.
Private provident fund trusts have enough surplus to be able to pay over 9.5 per cent interest on PF deposits, says an analysis by the Employees’ Provident Fund Organisation’s (EPFO). Some of the private PF trusts have sufficient funds to pay interest of up to 11.5 per cent on the retirement funds of their employees, the analysis said.
Independent directors will not be hauled up for the acts undertaken by companies without their consent or knowledge, as per the new norms announced by the government. “We have directed the Registrar of Companies (RoC) not to take any penal action against those independent directors who are not actively involved in the decision making process of the company,” Corporate Affairs Secretary D K Mittal told PTI.
Soon, you will be able to know how energy efficient your mobile phone charger is. The Power Ministry is preparing to introduce energy labelling system for mobile phone chargers, as part of its efforts to promote energy conservation. “We are working on introducing star (energy) labelling system for mobile phone chargers. It will be voluntary (for the makers of chargers) in the beginning and later, we plan to make it mandatory,” a senior Power Ministry official said.
Majority of investors want the government to keep national accounting standards as close to the international norms (called IFRS) as possible, says a survey conducted by the global accounting firm Ernst & Young. According to the report ‘IFRS convergence: an investor’s perspective’, the firm has found that 55 per cent of Indian investors surveyed are willing to accept only a few departures from the IFRS standards set by the International Accounting Standards Board (IASB), while 28 per cent are in favour of full adoption.
The government has called a Foreign Investment Promotion Board (FIPB) meeting on April 20, the first one after it announced major changes in FDI norms, to approve proposals for foreign direct investment. While the agenda of the 165th FIPB meeting was being finalised, sources said the Board may also consider those cases on which decisions were deferred in the past.
New look Ministry portal being launched with effect from 03.04.2011
The Point of Taxation Rules, 2011 notified through Budget Notification No. 18/2011 ST dated 1st March, 2011 led to a number of issues which the Government assured would be looked into. Some relief has been extended and many of the areas of difficulty have been addressed. The important point is that the rules are applicable from 1.4.2011 itself unless the service provider opts to continue with the old system for 3 months. In that case there may be some accounting issues and requirement to maintain the parallel records.
Pre-tournament favourites India spectacularly broke the jinx of a host nation not winning the World Cup, by clinching the sport’s most treasured prize by vanquishing Sri Lanka in the summit clash at the Wankhede Stadium here tonight. When Mahendra Singh Dhoni and his men crossed the finish line after overhauling Sri Lanka’s stiff target of 275, it was the first-ever time in the tournament’s history that the nation hosting the grand finale had come out trumps.
