GOODWILL DEFINITION
Something 'fishy' behind Dhankhar's resignation: Sachin Pilot
Sachin Pilot raised concerns about the unexpected resignation of Vice President Jagdeep Dhankhar, suggesting potential misuse of constitutional posts by the BJP. He criticized the Rajasthan government's handling of law and order and questioned their commitment to youth empowerment. Pilot also commented on Naresh Meena's 'anti-corruption' padyatra, emphasizing the importance of peaceful expression in a democracy.
When passion meets policy: Teddy Bridgewater’s suspension highlights funding gaps in high school sports
Teddy Bridgewater, a notable figure in the NFL, found himself suspended due to his financial support of his high school alma mater's sports team. In Florida, regulations frown upon such assistance, as Bridgewater paid for meals and transportation to create equal chances for every player.
Bengaluru techie groom forgot his kurta just before Haldi ceremony. How he managed to save his day, just in time
Bengaluru techie Ramnath Shenoy faced a pre-wedding wardrobe crisis when he forgot his yellow kurta. Swiggy Instamart became his unlikely savior, delivering replacements just in time. The incident, shared on X, turned into a humorous anecdote, highlighting the convenience of quick delivery services.
India's 'Nostradamus' on Kamala Harris or Donald Trump, who will be the next US President?
Astrologer Kushal Kumar, often called the "Indian Nostradamus," recently offered his perspective on the political rivalry between Donald Trump and Kamala Harris, the leading contenders in the upcoming U.S. Presidential elections. While he noted that Harris enjoys greater public goodwill, Kumar emphasized that no final predictions can be made about who will win the presidency without a detailed analysis of both candidates' birth charts.
Adani Enterprises infused Rs 900 crore into media arm
The company has been actively evaluating assets in the media and entertainment sector. AMG acquired 76% of category I and 99.26% of category II shares of news agency IANS India earlier this year. IANS became a subsidiary of the group on January 17.
Walt Disney incurs $2b+ goodwill impairment charge linked to Star India in 2nd quarter
The US entertainment giant, which has signed a merger deal with Mukesh Ambani's Reliance Industries Limited (RIL), has recorded a $1.3 billion non-cash goodwill impairment charge related to the India merger deal, as per a regulatory filing.
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Disney may post impairment charges of $1.8-2.4 bn
Walt Disney is forecast to record non-cash pre-tax impairment charges of $1.8 billion to $2.4 billion for the quarter ending March 31, primarily due to Star India's net asset and goodwill write-down at the entertainment linear network's reporting unit. The charges are mainly due to the merger deal with Reliance Industries Ltd (RIL) to create a $8.5 billion media entity through the combination of Star India and Viacom18.
BJP's 'Jai Shri Ram' chants reflect hatred, anger: Gaurav Gogoi
Congress leader Gaurav Gogoi criticised the BJP in the Lok Sabha, stating that their chants of 'Jai Shri Ram' reflect anger and hatred. He urged the party to abandon the tradition of worshipping Nathuram Godse, the assassin of Mahatma Gandhi. Gogoi emphasised that Lord Ram belongs to everyone and that the concept of "Ram Rajya" means ensuring happiness for all, including the oppressed, backward classes, and minorities.
Vase bought for Rs 250 at thrift store turns out to be priceless Italian masterpiece, fetches Rs 89 lakhs at auction
The piece looked old amongst the clutter of measuring cups, candles and other tchotchkes.
Many retro tax rules continue to haunt companies
“There are several retrospective regulations, albeit introduced from the beginning of the year, causing several problems for companies,” said Dinesh Kanabar, CEO, Dhruva Advisors, a tax advisory firm. “Many companies are already litigating these and that is only impacting the time value of money and India’s score on the ease-of- doing-business quotient.”
BJP will collapse like 'pack of cards' in UP under CM Yogi Adityanath's leadership, says Veerappa Moily
"As far as UP is concerned, BJP thinks that they are strong. But, it will collapse like pack of cards under the leadership of Yogi Adityanath because of the schemes of the Central government like demonetisation and implementation of GST and rising unemployment in the state," said Moily.
New valuation rules around slump sales could create tax troubles, say experts
The rules announced recently mention ways in which a seller can sell the assets or companies. The rules prescribe that if a company owns various assets such as shares, land, gold or paintings, those can be valued individually and then sold.
Unilever may write back ₹59mn provision without ‘goodwill’
Hindustan Unilever announced the acquisition of GSK Consumer Healthcare in an all-stock deal two years ago, valuing the Indian business of GSK at ₹31,700 crore.
Vodafone Idea’s auditors may take call on writing off its assets soon
A reduction in the value of assets could affect the company's ability to raise funds.
'Howdy, Modi!' organised, funded by US-based volunteers, not party or government: BJP
The event was held in Houston, Texas on September 22 and about 50,000 people of Indian origin from across the US attended it.
Blackstone signs definitive deal to buy Coffee Day's tech park for Rs 2700 crore
Blackstone, along with South-based developer Salarpuria Sattva will acquire the 90-acre, IT-focussed Global Village Tech Park held by subsidiary, Tanglin Retail Realty.
Work hard for the welfare of the people without any discrimination: Odisha CM Naveen Patnaik
The five- time CM’s advice to his Biju Janata Dal colleagues was delivered over a breakfast meeting at his residence, it also included a suggestion to avoid flaunt their wealth.
Walmart paid the most for Flipkart's goodwill, intangible assets
Walmart said $5 billion in Flipkart’s assets were intangibles while $13.6 billion was goodwill.
Two superwomen, one frame: When Priyanka Chopra met Malala Yousufzai
Priyanka said that Malala is an undeniable force to be reckoned with.
Learn with ETMarkets: Why price-to-book is important for financial stocks?
Fund managers say that PB ratio needs to be looked at in the context of return on equity. For example, a company with a high RoE will always command a higher PB ratio and vice versa.
Appointment of Salman as IOA ambassador 'debatable': Prakash Padukone
Padukone said that picking an action hero to represent Indian sports is much less an issue than finding medal winners.
Actors not responsibility for product quality: Priyanka Chopra on Maggi controversy
Actors can't be blamed for it since the government has approved it and given license to these companies," Priyanka told reporters.
'Kochadiyaan' producers assure bank to repay loan dues
The Rs 20 crore loan taken from EXIM bank in connection with the production of Rajinikanth-starrer 'Kochadiyaan' will be paid by March next.
FMCG major Nestle to strengthen its India presence
The company, which sells brands like Maggi and Kit Kat in the country, remains optimistic about India's long-term growth potential.
Roadmap Turnaround
Writing down goodwill allows companies to move on — often taking actions to improve performance that would have been difficult without formally acknowledging the impairment.
Sachin Tendulkar names his football team 'Kerala Blasters'
Sachin also accepted Oommen Chandy's request to be Goodwill Ambassador of the National Games, to be held in Kerala in January-February 2015.
Maruti could be a dark horse in the near term: Nitin Raheja, AQF Advisors
"Maruti could be a dark horse in the near term as they have managed to protect and grow their market share," Raheja said.
S M Krishna will be useful in bringing Congress to power in Karnataka: Karntaka Pradesh Congress Commitee
His "role" hasn't yet been defined, Karntaka Pradesh Congress Commitee President G Parameshwara said.
CPI leader Gurudas Dasgupta wants a political person for President post
CPI leader Gurudas Dasgupta today made a strong pitch for a political person for the post of the President.
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