Issue of 26th Jul-1st Aug 2019
LEAD ARTICLE
financial magazines online
Audit Farce – II: The Problem with the Structure
In the previous piece, I explained the many ways in which a company’s management can cook its books and the auditor would be clueless. When such cases of accounting jugglery come to light, our instinct is to blame the auditor. We should, instead, blame the system, the way an auditor is appointed and the circumstances in which the firm... Read More
CROSSHAIRS
It took just three months, in 2009, for a three-member committee, headed by Deepak Parekh with technology expert Kiran Karnik and legal expert C Achuthan, to complete the bids for Satyam Computers, after B Ramalinga Raju’s stunning confession of fraud.    In an uncanny turn of fate,...
STOCKS
Hester Biosciences Limited (Hester), an animal healthcare company based in Gujarat, caters to the needs of the entire veterinary industry, except companion animals, that is, pets. Of the total animal healthcare market in India, livestock contributes nearly 45%, poultry 35%, companion...
Moneylife Digital Team
MUTUAL FUNDS
In June 2019, Emami and Shriram Transport Finance were the most preferred stocks of Indian mutual funds. The net purchases of Emami were Rs797 crore. State Bank of India and Tata Steel were the most sold stocks. The net sales of SBI was Rs615 crore and net sales of Tata Steel was Rs391...
Moneylife Digital Team
ITI Mutual Fund, the asset management arm of the ITI group, recently announced the launch of an open-ended equity-linked savings scheme (ELSS). This will be the third scheme in the fund house’s portfolio after its liquid debt scheme and a multi-cap equity scheme.    Being an ELSS,...
Clinton Fernandes
MOBILE APPS
HEALTH
Can meal-timing strategies, such as intermittent fasting or eating earlier in the daytime, help people to lose weight by lowering appetite rather than burning more calories? The answer could be ‘yes’, if a study published in the journal Obesity, the flagship journal of The Obesity Society, is...
Moneylife Digital Team
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