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Oyo elevates Rakesh Kumar as chief financial officer
Before joining Oyo, Kumar worked with EY, where he contributed to a wide array of services, including statutory audits, tax audits, IFRS compliance and IPO related work.
For investors, green companies still hard to find with new emissions reporting rules
Majority of the major Western firms employ the Greenhouse Gas Protocol (GHGP) Corporate Standard for reporting emissions.
Set high sustainability standards to enable reporting with integrated thinking
On June 23, one of the most path-breaking events in the world of sustainability reporting took place - the International Financial Reporting Standards (IFRS) Foundation launched its first two sustainability reporting standards, IFRS S1 and S2. A two-day conference filled with presentations and joint updates from the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB), two wings of IFRS Foundation, followed.
New carbon accounting rules for cos target 'greenwashing'
Currently, most large companies report how many tonnes of carbon they emit into the atmosphere each year, but the data is often not reliable. The poor quality of data and lack of common standards allows companies to overstate their climate credentials - the practice of "greenwashing".
NFRA reviews proposals for new accounting standards for insurance contracts
NFRA will share its recommendations with the ministry of corporate affairs, which will consider the Ind AS 117 and notify the standards under Companies (Indian Accounting Standards) Rules 2015. Once notified, Ind AS 117 will replace the current Ind AS 104, Insurance Contracts.
Why ESG will be at the front and centre of the built environment sector in 2023
Global population trends show that people are moving rapidly and in greater numbers to urban centres. This places increased pressure on infrastructure to deliver equitable access to quality services and a healthful standard of living.
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Covid is endemic, but it's not time yet to take off that mask
Virologist Shahid Jameel of the University of Oxford, said Covid-19 is endemic in not just India but most of the world. He said the infection fatality rate (IFR), which is the number of people dying among those infected, is close to 0.1 or below in most places. "
Debashis Mitra takes over as ICAI President; Aniket Sunil Talati becomes VP
Mitra, who is serving his third term in ICAI Council, has been in the accounting profession for more than 34 years. Apart from being a Chartered Accountant, he is also a Cost Accountant and a Company Secretary.
How sustainability standards are taking centre stage in the investment world
Sustainability reporting is more complex and fragmented than financial reporting. Despite all the accounting difficulties that we encounter, financial reporting has a single measure — money. Sustainability, however, has many aspects to it.
Patchy corporate climate disclosure prompts G20 watchdog to act
Investors have long called for globally comparable disclosures to stop so-called greenwashing, where firms exaggerate their responses to climate change or underplay how global warming is likely to affect their business.
Donald Trump's new rules hike minimum pay for H-1B medical professionals by 40%, pricing them out of market
The US decision came on October 8, via a Department of Labor (DoL) Interim Final Rule (IFR) that mandated that minimum wages to be paid to H-1B workers be higher by 40% on average.
Lawsuit challenging H-1B wage increase filed in the US
“There is no basis for this IFR to be issued. Not only the underlying argument is severely flawed but also the timing is obvious. This is merely a stunt to get political sounds bytes of the day at the expense of American businesses and the economy,” said an ITServe spokesperson.
Unemployment rate does not justify H-1B program changes: NFAP
The unemployment rate for individuals in computer occupations, which is what over 60% H-1B visas are issued for, changed from 3% in January (before the outbreak) to 3.5% in September, according to an analysis of the Bureau of Labor Statistics’ (BLS) Current Population Survey by the National Foundation for American Policy (NFAP).
High sero prevalence in cities indicate India's IFR might be low, despite doubts about under reporting of deaths
There is growing consensus that the infection fatality rate (IFR) might be much lesser for India, despite the doubts over the accuracy of Covid death numbers in India. Sero surveys are conducted to check to what extent a population has been infected and sero studies indicate the antibodies that populations develop in response to an infection.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation to $5 billion. Son encouraged Agarwal to expand into markets such as China and the U.S. and to buy properties, including the Hooters Casino in Las Vegas for $135 million.
Narayana Murthy's address to shareholders: Full transcript
"I wish Nandan the best of everything in his effort to bring back Acche Din to Infosys."
CA exam to be tweaked to stand test of time; ICAI may introduce new subjects
Two new papers Business correspondence and reporting and Business and commercial knowledge will be introduced at the Foundation level while a new subject.
Andhra Pradesh to be developed as electronics manufacturing hub: Ravi Shankar Prasad
Ravi Shankar Prasad today said Andhra Pradesh would be developed as a major electronics hub, and announced several initiatives planned in this direction.
Wipro may get a new brand identity
Company feels the brand has too strong an association with technology, while it is much more than that. India's most trusted brands in '09 | India's top services brands
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