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3 mins read
IFRS ushers in a new age of standardised financial disclosures via ISSB ESG reports. Here's all you need to know
As per the new notification, the new ISSB reports are divided into two sections: the IFRS S1, deali…
1 min read
Tencent fires 5.5K workers as sales down for 1st time since going public
Chinese conglomerate Tencent has fired 5,500 employees, after posting a revenue of $19.8 billion in…
4 mins read
IFRS: The accounting framework that sets the rules for most non-US companies' financial reporting
International Financial Reporting Standards (IFRS) establish how transactions are required to be re…
Katie Oelker
1 min read
Chinese Internet giant Tencent reports 28% revenue growth in 2020
Chinese Internet giant Tencent has reported a 28 per cent year-on-year growth in revenue for 2020, …
1 min read
Indian companies with over Rs 500 crore net worth will have to change their accounting rules for better international comparison
Companies would be required to make wider disclosures on transactions and associated companies, and…
4 mins read
Integrated reporting is one way BASF connects sustainability to strategy for stakeholders — including its own employees
Integrated reporting is growing more popular as stakeholders focus on sustainable growth. BASF spok…
Julia Hood
2 mins read
Stopped Russian imports in April says Essar Oil
Essar Oil (UK) Ltd said on Wednesday that it closed the first quarter ended June 30 with higher sal…
2 mins read
Almost 2 crore people in Karnataka had been infected by COVID-19 by September says latest government survey
Sharing details of the findings, Karnataka Health Minister Dr K Sudhakar said the survey was car…
PTI
2 mins read
Several Wall Street banks want to offer a toxic investment product for the first time since the financial crisis - even though it's the same one that caused the crash
Synthetic CDOs linked to sub-prime mortgages haven't returned to financial markets since the Great …
Ben Winck
3 mins read
Novartis debuted its first integrated sustainability and finance report this year — more companies are likely to follow suit
The global pharmaceutical company, Novartis, released its first-ever integrated social impact repor…
Julia Hood
2 mins read
Tesla's rally this year has reportedly earned Goldman Sachs $100 million
International Finance Review reported last week Goldman Sachs raked in more than $100 million from …
Saloni Sardana
4 mins read
Trump is still comparing COVID-19 to the flu. But the coronavirus has already killed 3 times more people than flu does in a year.
President Trump suggested COVID-19 can be less lethal than the flu, and said the flu kills "over 10…
Aylin Woodward
2 mins read
A prominent 'lockdown skeptic' was forced to admit he got it wrong after saying the coronavirus had 'all but disappeared'
Writer and commentator Toby Young said in June that the second wave of COVID-19 infections had 'ref…
Thomas Colson
1 min read
Sebi amends guidelines for intermediaries at IFSC
Further, the circular said a non Sebi-registered intermediary providing financial services exclusiv…
PTI
3 mins read
The fate of Millennium's index-rebalance king Glen Scheinberg, and his profitable team, has the hedge-fund industry abuzz
Hedge-fund folks can't stop talking about the fate of Millennium Partners' Glen Scheinberg, the big…
Aaron Weinman
4 mins read
Wall Street is throwing billions at tech projects from quantum computing to augmented reality. Here are 10 of the most ambitious projects from firms like JPMorgan to Vanguard.
Banks, asset managers, and hedge funds are harnessing an abundance of data to get an edge on Wall S…
Aaron Weinman
5 mins read
We're doctors on the frontlines of the COVID-19 crisis. This is what we tell patients who want to know if it's safe to return to normal activities once government restrictions are lifted.
"There isn't a blanket recommendation for everyone: This is about understanding your personalized r…
Gregory Katz, MD, and Harry S…
2 mins read
Jack Ma's Ant Group gets the green light from Chinese regulators for its Hong Kong IPO, a report says
A confidential source told CNBC a hearing with the Hong Kong Stock Exchange will take place later o…
Saloni Sardana
1 min read
The operator of the downed helicopter that Kobe Bryant and 8 others died in is suspending operations for an undisclosed amount of time
Under normal visual flight rules, or VFR, visibility is adequate for a pilot to stay oriented and n…
Rachel Premack,David Slotnick
2 mins read
MakeMyTrip's Q3 loss narrows to USD 11 mn; Rajesh Magow elevated as Group CEO
"We believe that separating the roles of Group CEO and Executive Chairman will allow us to focus …