On Feb 18, 2014, IT raids were conducted and bogus sale documents worth 100 crores were found:
Posts in category Value Pickr
Duke Offshore – Hidden Gem? (21-12-2015)
I was also thinking about 10 boats award and IFR event. Is this 10 boats contract is separate from that of IFR event?
Electric Cars/Bus :: Call it a Disruption? (21-12-2015)
I agree - getting the right solution in place to get the batteries instantly charged would be the turning point. Unless and until the government figures out a way to leverage the existing ecosystem for the recharging process, getting mass usage for electric cars will be a huge challenge. We need to reach a point where I can go to a charging station and get my kit replaced with a charged one and continue with my journey.
But I agree that this is the next big thing. Probably will take 10-15 years.
Electric Cars/Bus :: Call it a Disruption? (21-12-2015)
Apart from the entire ecosystem upgrade , question is does indian manufacturers are ready for it. One of the major part in the electric car would be Lithiun Ion battery. ISRO is working in direction and has provided the battery in the bus which was gifted today to Parliament.
Tesla is the supreme player in this. Toyota is another player. For Indian companies, can Amara raja scale is something that needs to be investigated.
Electric Cars/Bus :: Call it a Disruption? (21-12-2015)
The charging times are coming down, look at Tesla Cars. They have normal charging time of 1 hour for 29 miles and with supercharge you can do charging for 170 miles in 30 minutes. IMHO the electric cars are going to be the game changer.
Electric Cars/Bus :: Call it a Disruption? (21-12-2015)
I see electric battery as more of an evolution towards which the whole industry may have to move in future. It is absolutely the sensible alternative but cannot be the only one.
As long as there is no way to instantly charge your electric battery at the recharging stations it will not have absolute monopoly.
It will probably be the fuel of choice but other fuels will continue to be in use until we can refill electric battery instantly.
Forensics and the art of triangulation (21-12-2015)
WSJ articles can be accessed through Google Search/News for free. Search by the headline of the article ("Valeant: An Accounting Pioneer, Too") on google. Click on the WSJ link. As Google and WSJ have a tie-up, this allows you to read the entire article.
Electric Cars/Bus :: Call it a Disruption? (21-12-2015)
Well we all know electric cars are present in India but could not catch the momentum yet. Recently I watched AAP KI ADALAT show where current transport minister Mr Nitin Gadkari said that within 2 years there is going to be massive govt initiatives to sue electric cars. This calls for major facelift in the entire eco system. Like CNG stations there might be electric charging stations.
My intention behind posting this thread is that I want to understand from the experienced person in this forum that can we call electric cars a disruption in automobiles. Also if electric cars could be next big things then , what companies could get the major pie of the share.(ex M&M which has Reva)
Relaated Links:-
http://www.thebetterindia.com/40169/pollution-lok-sabha-electric-bus-isro/
Taxation Queries (21-12-2015)
I am creating a topic to discuss various queries on corporate income tax, dividend tax, capital gains for corporate, tax holidays etc. Believe most of us try to identify value while being in the dark about 10-15% of the company's expenses that are primarily taxes. A company that makes 25% EBT and paying 30% income tax (30%*25 = 7.5) is spending 10% of its money only on income tax. Then comes DDT, CSR taxes, income tax cess etc.
We need active participation of certified people in this forum (CAs). While I am reasonably aware of rules, I am not certified and not sure of my knowledge on these most times.
My first question is on capital gains on sale of subsidiary. I believe it would be capital gains tax after indexation if the holding is more than 3 years and not corporate income tax rates. Am I right?
Thanks in advance
Renaissance Jewellery (21-12-2015)
Great Work, Gaurav.
what about the growth prospectus?
as you already mentioned about brands it is having. Also you mentioned about new launches. But current QOQ(sep15) revenue increase is 10% compared to 15% of Rajesh export that too at the sales of 10000 crs.
what are your expectation of future growth based on information you digged?
Thanks