In your interest.
Online Personal Finance Magazine
No beating about the bush.
If people are naïve enough to believe that auditors will do their job diligently and protect the interests of shareholders and that their reports are sacrosanct, they are living in a fool’s paradise. The Companies Act 1956 has an idiotic provision that the auditor should be appointed at the AGM (annual general meeting). Everyone knows that even if all retail investors assemble at the AGM to...
ML: What is your sense of the economic situation?
Puri: I think people are overreacting on the economic slowdown in India, especially media and industry. I have just spent the morning convincing a foreign banker that things are different in India and the fears of foreigners are exaggerated. India is basically a story of domestic demand. The only local issue, if at all, that we have is...
India currently consumes 8.50 million tonnes of paper; this is expected to go up to 10 million tonnes by 2010 and 15 million tonnes by 2015, a growth driven by increased spending on education, higher literacy levels, improved standards of living, an expanding retail sector and increase in packaging and advertise-ment expenditure. Paper manufacturing is, however, a very capital-intensive...