Chefs who cook books - How creative accounting is leading to mistrust on valuations

In 2003, a 19-year-old Elizabeth Holmes founded Theranos, a health tech startup that claimed it had devised blood tests that required a very small amount of blood and its tests could be performed rapidly. Elizabeth’s Theranos quickly gained…

Recap 2020 - The need to learn from the past and think about future

It’s a new year. The five-second task of scrapping the old calendars and replacing them with a new one, itself is a refreshing task. Writing date will have a fascination attached to it for the next few days. Finally, the year 2020 is done…
Piggy Bank Wearing A Surgical Mask

Introducing corporate houses in our banking system. But why?

In 2016, Jio entered the country’s telecom sector. Unlike other business startups, the company had abundant finances to support not just its expensive telecom infrastructure and license but also to offer deep discounts at its own cost to topple…
IT Department

When the Income Tax Department raids your place

On a fine morning, you are on your bed, half asleep, lazing around wishing if somebody could drop by your favourite coffee along with the Newspaper to read. When you hear the birds chirping happily, you look around to find mesmerizing sunbeams…

The winner’s curse, Auction theory and the Noble Prize 2020

Auctions are exciting – a live ongoing fierce competition with people bidding to win a prized asset. It is common for items of art and historical importance to be auctioned; however, auctions have been more commonly used in selling items such…

Richie Rich and Slumdog – How pandemic is widening the gap!

“Last week, one of our employees, Shiv Kumar, made an unusual request for an advance against his salary. While the need for advance during current times is self-explanatory, we were surprised at the amount that he requested, as it was almost…
Business of Cricket – Indian Premier League

The Business of Cricket – Indian Premier League (IPL) Explained

COVID-19 cases are raking up every day and yet the cricketing body, Board of Control for Cricket in India (BCCI) is organising the mega event – Indian Premier League (IPL). The league involves hundreds of star cricketers, their support staff,…
Farmers’ Bills

The New Farmers’ Bills: The Good and the Bad, Explained

We buy, cook, eat and even waste food with such ease and live in comfort as food is always available at our realms. We are grateful that we aren’t amongst the 73 million in Africa, 43 million in the Middle East and 18.5 million in the Caribbean…

Section 206C (1H) - TCS on sale of goods & some practical aspects

Introduction – As per Income Tax Act, 1961, certain persons are required to collect tax from their buyer at specified rate on specified transactions. In order to widen and deepen the tax net, it is proposed to amend section 206C to levy…
India turning digital

India Turning Digital - The Government Policies And Reality Check

In a country where every seventh person on the earth resides, it cannot happen that there’s only one big news, covering one person out of a billion, for a complete month, especially when we are talking about 2020 – the pandemic year. There…