It is raining IPOs on D-Street. The beauty and fashion retailer Nykaa’s IPO received strong subscriptions from investors, leading to oversubscription up to 82 times till day three. Similarly, investor bags also flocked towards the IPO of Fino Payments Bank, which got oversubscribed by 2.03 times. The fintech giant Paytm (One97 Communications Limited) launched the biggest IPO in the history of Indian capital markets, raising a massive INR 18,300 Cr. on 8th November, which defi

On the basis of performance of assets, banks classify their assets into two broad categories, namely performing and non-performing. Performing Assets Normally every asset of the bank falls under Performing (Standard) assets as soon as it becomes the right of the bank. Performing assets are those which do not carry more than normal risk of recovery and do not disclose any problems. Assets on which interests, instalments and payments are received regularly at due dates are clas

Do you know that a plenty of corporate services can be done online at the ease of sitting at home. The MCA portal provides a lot of services for the information of public and reducing paperwork. The maintenance task of the portal has now been delegated to Larsen & Toubro, which can be accessed at mca.gov.in. Master Details of an entity: With this facility of the ministry of corporate affairs, you can have access to all the master details of a company or LLP present with the R

The C&AG is the authority which discharges the function of Government Audit in India. Let us look deep into what is C&AG and its powers. In order to understand about C&AG, we need to know what is Government Audit. Government auditing is the objective, systematic, professional and independent examination of financial, administrative and other operations of a public entity, in order to express an appropriate professional opinion regarding to the fairness of the presentation of

There are two types of leases - Operating Lease and Finance Lease. Here is a detailed explanations of both with practical examples. First...

There's a lot of confusion among people as to what are the differences and similarities in Finance and Accounting, which seem to be one and the same to the majority. Let's get into it and clear this out. FINANCE: Going by definition first, Finance includes any activity that involves money or capital management. Any economic activity that mainly comprises of management of funds or its associate, fall under the domain of Finance. Every activity in the domain of Finance basicall

You must have heard a lot about cooperative societies in various movies or shows. Let's know what they exactly are and some legal...

The US has recently passed a new taxation act. Here are the highlights and review of the same. The last month of the first quarter of 2021 has witnessed the introduction of a new tax scheme in the USA. Named "Ultra-Millionaire Tax Act", it certifies itself by levying massive taxes on mega-millionaires of the country. Following are the slabs fixed for the new tax act: For households of net worth above $50 million but below $1 billion - 2% annually For households of net worth a

There are a lot of differences in both types of accounting. Read ahead to find out. Cost Accounting is the branch of accounting which...

Are you looking for the effects of new taxation and financial reforms introduced in the budget 2021-22? Here's the analysis. The theme for the Indian budget of 2021-22 was AtmaNirbhar Bharat - The six pillars of the economy, and the six pillars are - Health and well being Physical and capital infrastructure Inclusive development for aspirational India Re-invigorating human capital Innovation and Research & Development Minimum government and maximum governance Financial and Fi

Are you in dilemma where to go once you have chosen your avenue in the field of Finance? Here we present majestic careers in Finance to boost your career. 1. Compliance and Internal Control: The main practice in this profession is to check whether the procedures and activities in an organization adhere to applicable laws, standards and ethical practices. These jobs are in great demand in the modern era as the companies want to avoid any harm to their reputation and finances o