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Thursday, August 26, 2004

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ACCOUNT SPEAK
Don't confuse capabilities with activities, nor intangibles with unmeasurables
ABOUT three months ago, Infosys announced that its human resource value stood at beyond Rs 20,000 crore, growing by almost 100 per cent over a year. The company had deployed the Lev and Schwartz model for the ... More

BOOKS OF ACCOUNT
To write a good opinion, you need the right mental attitude
FINISHED product of an audit is an opinion, clean or qualified, adverse or disclaimer. There is a standard lingo for opinions that is spoon-fed to CAs, and one can churn opinions year after year from a boilerplate file ... More

COMING TO TERMS
Warrant: Be on guard!
WARRANT is top news, not a House in limbo, nor the trucks off the roads. Whether or not politicians are able to come to terms with warrants, we can attempt to. `Warrant' is an official authorisation enabling the police ... More

INDIA UNINC
Capital formation and P&P sector — The inconsistencies and adjustments
The share of the government in capital formation has fallen from 41 per cent to 31 per cent, showing that it still appropriates significant portion of household savings to carry on its capital formation activities, which mostly provide negative retur ns. If this continues, it would create an extraordinary situation, wherein the States will become much more predatory and since they have no political will to increase their income by taxes, the Centre steps in, says R. Vaidyanathan. More

EAR TO THE GROUND
Surana Telecom gains on biz plans
THE counter of Surana Telecom gained on Wednesday. Stock price of the company was up 7.22 per cent at Rs 25.25 on the BSE with volumes of 14,769 shares. On the NSE, it was up 5.65 per cent at Rs 25.25 with volume of 27,436 shares. Dealers said ... More

ON THE HEDGE
Dr Reddy's Labs: Outlook positive, buy Sept futures
THE following strategies are based on Wednesday's trading in the spot and the derivatives segment on the NSE: Tata Steel: The stock closed at Rs 248 in the spot market. The outlook appears negative. The downside price target is Rs ... More

SENSOR
Modest TCS listing hits sentiment
EVEN as the oil prices showed signs of easing, the markets responded on a cautious note, with the Sensex staging a late recovery to settle higher by 21.17 points (or 0.42 per cent) and closing at 5088.56 points. The Sensex opened for the day ... More




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