XBRL stands for eXtensible Business Reporting Language. It has become and is fast becoming THE reporting language internationally. It makes sense to all those people who use accounting information. Extensible means the application can be extended adding machine and human readable tags. Applications: a) for financial statements b) for taxes c) accounting and business reporting […]
Sebi has discontinued the EDIFAR system w.e.f April, 1, 2010. In view of this, Stock Exchanges are advised to carry out the consequential amendments in Equity Listing Agreement i.e. removal of words, “and also through the EDIFAR website…..listed companies. Now a new portal viz., Corporate Filing and Dissemination System (CFDS) put in place jointly by […]
Recently a friend of long standing (2nd standard if I am not wrong) commented that my column should be a part of a newspaper and titled ‘Malice towards one and all…” a column which only people born in the 1960s would remember I guess. When ITC (cancer), McDonalds (BP) and Pepsi foods (Diabetes) talk about […]
No clue whether the allegations against Goldman Sachs will stick but if you have spent even a little time in deal structuring and marketing derivatives…you can understand that THIS COULD HAVE HAPPENED. It is also easy to realise that when a brokerage firm is small and the owner is worried about his reputation, he could […]
I am sure all of you remember the very old story of a farmer who had a hen that laid golden eggs. For those of you who do not remember it…There was a farmer who had a hen that laid golden eggs. He used to be very happy to get a golden egg everyday – […]
Thank God Human memory is short. Imagine if you had a long memory you would remember the punishment you got in class 7 for not doing your home work! However one of the important FAILURES of the 2008 was the rating agency companies ability to know the difference between a AAA and D-. Even now […]
You got educated, got married, started investing and quickly you were convinced you should pay for your kids college expenses. So you invest more for your kid’s education and less for your own retirement. No I am not arguing against that. That is for another post! Some big chunk of business that the financial services […]