Book review: A Colossal Failure of Common Sense
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Friends, I have just finished reading a really nice book discussed below. This is the first time I have tried my hand on writing a book review. I have tried to be very objective and honest. Please let me know your views by posting a comment below.
Background: A Colossal Failure More >
Indian Depository Receipts (IDRs) explained
Recently we saw Standard Chartered Bank becoming the first foreign company to issue IDRs in India to raise capital. The issue was subscribed 2.2 times and will be listed shortly on Indian bourses. I am sure many of us would have doubts regarding IDRs. Following are some of the basic More >
Weekly G Sec update May 29, 2010
Benchmark 7.8% 2020 bond lost considerable ground in the week due to tightening liquidity conditions arising from the 3G spectrum payment and direction of US treasuries. Yield for the said bond closed at 7.52% on Friday, up 14 bps from close of 7.38% last week.
Bonds were bearish throughout the week More >
Equity market round up: May 29, 2010
Helped by the 1.2% gain on Friday, equity markets posted 2.5% gain this week to close at 16863.06. This is the highest monthly gain since March 6.
Markets started the week on a bearish note and on Tuesday fell about 2.7% under the concerns of widening European Debt crisis and possible More >
Weekly G-Sec update May 22, 2010
Developments on foreign front push yields down
Yields on benchmark 10 year bond 7.80% 2020 bond closed the week at 7.37, 12 bps down from last week’s close of 7.49. In the initial part of the week, yields rose 4 bps as RBI sold Rs 6,000 cr of cash management bills on Tuesday More >
Weekly Equity update May 22, 2010
Euro concerns drive markets down
Equity markets sank 3.2% this week to close at 16445. This is the 3rd weekly fall out of 4 weeks. Since the start of the week, markets carried a bearish tone and closed in red on 3 out of 5 trading days. Largest fall was observed More >
March IIP Update
Is the EU bailout package enough?
Yet again the global financial markets yesterday cheered the fact that an ailing patient (EU) has being given a strong financial medicine. All the major Indices around the world were up by almost 4% on an average on account of this strong step by the EU members. A bailout package More >
Depriciation and Impairment – IFRS and Indian GAAP
Link between Depreciation and Impairment under IFRS
When an item of Property, Plant and Equipment (PPE) is impaired i.e. recoverable amount < carrying amount, carrying amount is reduced to the amount of recoverable amount.
Asset should no more be carried more than their Recoverable amount.
Such a decrease in carrying amount is impairment More >