Wipro net declines 21% in Q4, 5.9% in 2017-18

To absorb such losses in future, the central bank instructed banks to create an Investment Fluctuation Reserve (IFR) from the start of the current fiscal Anup Roy | Mumbai Last Updated at April 3, 2018 01:59 IST The Reserve Bank of India (RBI) on Monday ...

The new accounting standard for revenue recognition help in "improved disclosures" as well as reduce the scope for interpretations on various areas, according to chartered accountants' apex body ICAI.Ind AS (Indian Accounting Standard) 115 pertaining to ...

Indias timekeeper, National Physical Laboratory, has begun the process of setting up an infrastructure to disseminate Indian Standard Time to all and sundry before the government comes up with a law to make the use of IST mandatory in India. Since the 1950s, ...

has invited banks to pitch for roles in a proposed Hong Kong listing of its key oil assets, which could raise about $2 billion, IFR reported on Monday, citing three people with knowledge of the matter. The planned IPO for the state-owned group's energy unit ...

‘We don’t trade with any business where we have specific concerns,’ a De Beers spokesperson said.  The world’s leading diamond mining group, De Beers, has reduced its India “sight” or allocation for rough diamonds for February by around 10 per cent.  The involvement of big names, including Mehul Choksi of Gitanjali Gems and Nirav Modi, has made this company cautious, industry sources said. The industry is also cutting down on business ahead of the ...

The global research firm believes that the near term slippages will remain high in general. Having said that, it also believes that there will be a significant IFRS impact on net worth.

LONDON (Reuters/IFR) - Germany's IKB Deutsche Industriebank, rescued twice during the financial crisis, has issued one of the riskiest forms of bonds without any credit rating from the big agencies. And yet, like many euro zone peers, it found itself swamped ...

Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad Banks are opposed to the move to link marginal cost-based lending rate (MCLR) to an external, market-linked benchmark, the Reserve Bank of India (RBI) has revealed in a rare dissemination of feedback on its website.   While it is standard practice for RBI-appointed committees to prepare their reports and seek feedback, those are not publicly ...

Global rating agency Moodys today upgraded its outlook on the state-run lenders Central Bank of India and the Indian Overseas Bank (IOB) to positive from stable on the back of capital infusion from the government. It affirmed the long-term local and foreign ...