at the very Core of it all … is Content!
Luxembourg, 21 December 2012 – ArcelorMittal today announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn. This follows the completion of its yearly goodwill impairment test, as required by IFRS accounting standards. The write down will take the form of a non-cash impairment charge that will be recorded in the fourth …
Responding to increased interest in developing Islamic finance, the International Monetary Fund (IMF), Central Bank of Tunisia (CBT), ) and the Islamic Development Bank (IsDB), organized a three-day regional conference in Tunis on December 17 to exchange knowledge and share experience in building technical capacity in Islamic Banking and Sukuk Markets. Senior officials from the …
WASHINGTON—The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—has released the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas from September 2012, finding that the foreclosure rate for the 100 largest U.S. metro areas stands at six percent, barely budging from …
The shiny yellow rock is like the Sybil of the investment world. It has at least seven personalities. Some see it as an inflation hedge. Others a currency. Some see it as a fear gauge and still others see it as a luxury retail item. So which is it? All of these and then some. …
The Minister of Power, Shri Jyotiraditya M. Scindia informed Lok Sabha today that the Power Sector Reforms is a continuous process and is undertaken with a view to increase domestic production and efficiency. No delays have been reported in commissioning of Ultra Mega Power Projects (UMPPs). All the units of 4 awarded UMPPs are to …
The Central Government has been vigorously pursuing the cases of black money stashed abroad and in bringing them back. For this purpose, a five pronged strategy has been adopted which is as follows: i) Joining the global crusade against ‘black money’ (for example out action in G 20, Global Forum on Transparency and Exchange of …
The provisions of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978 empower the State Governments to implement the provisions of the Act and take action against the defaulting entities/persons. The Reserve Bank of India (RBI) has reported that as and when any complaint is received alleging cheating/fraud by entities by way of falsely …
The Government receives information from various countries regarding assets including bank accounts held abroad by Indians under the respective Double Taxation Avoidance Agreements/Tax Information Exchange Agreements. Receipt of such information is an ongoing process. Based on information received since March, 2009 under the Double Taxation Avoidance Agreements (DTAAs) regarding foreign bank accounts maintained by certain …
Army’s Strategic Forces Command (SFC) successfully test-fired the Prithvi-II missile from the DRDO range facility at Chandipur off the Odisha coast today. The entire trajectory of the missile was tracked by a battery of sophisticated radars, telemetry observation stations, electro-optic instruments and naval ships. The Prithvi-II missile is equipped with advanced high accuracy navigation system …