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PNB adopts US GAAP; FY03 net at Rs 1,140 crore

Punjab National Bank's net profit for last fiscal emerged higher at Rs 1,139.77 crore (Rs 11.40 billion) after it adopted the stringent accounting principle of the United States (US GAAP) as......

HCL Tech declares one-time bonus worth over Rs 700 cr

HCL Technologies on Monday announced a special one-time bonus worth over Rs 700 crore for its employees, as the IT giant marked $10 billion (about Rs 72,800 crore) revenue milestone. The special......

Global accounting standard: Challenges India faces

The Securities and Exchange Commission on August 27, 2008, issued a roadmap of transition to International Financial Reporting Standards by US domestic companies from 2014. The issues relating to......

Indian CFOs favour global accounting norms

Top financial professionals of India Inc are keen on converging to global accounting norms and want the present ones to be aligned with either the International Financial Reporting Standards or the......

Infosys Q2 results on Oct 11

Infosys Technologies Limited said on Thursday it will announce financial results for the second fiscal quarter on October 11.The board of directors will meet on October 11 to consider the audited......

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India held the top position in the ICC Men's Test Team Rankings while Australia secured the...

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GUJARAT, HIMACHAL GO TO POLLS

The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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