license to Yes bank and Kotak Mahindra bank . The RBI issued the final guidelines for license of new private banks wherein entities both from private and public sector shall be eligible to set up a bank through a wholly owned non operative financial holding company (NOFHC). The NOFHC shall be wholly owned by promoter/promoter group . The NOFHC shall hold the bank as well as all other financial services entities of the group. Entities /groups should have past record of sound credentials and integrity
Words: 328 - Pages: 2
Transfer Pricing Kim: “I ... don’t understand why it would make sense to pay $450/ton for pulp [to buy internally from Northwestern’s U.S. pulp mills] when I can get it for $330/ton from Chile.” Ewing: “I understand your motivation for wanting to source the pulp from Chile, but it is important [to buy inside] for the corporation to act as an integrated team.” Barrett and Slape (2000: 597) Executive summary The quote above is an excerpt from a phone conversation between Bill Ewing, the Vice President
Words: 919 - Pages: 4
calculating the bonus payable to the workmen of the company. Some time in the course of the year 1968, the company transferred the shares of INARCO Ltd. held by it to Aril Bhavnagar Ltd. (changed to the Aril Holdings Ltd.), a subsidiary company wholly owned by The Associated Rubber Industry Ltd. Aril Holdings Ltd. had no other capital except the shares of INARCO Ltd. transferred to it by the Associated Rubber Industry Ltd. It had no other business or source of income whatsoever except receiving the dividend
Words: 1342 - Pages: 6
Talk about influence! China, a country with 1.3 billion people, recently said it was considering establishing a company "like Temasek Holdings," the investment arm of the government of Singaporea country of 4 million. Temasek in the past five years has moved from being a passive custodian to being an activeand outstandinginvestor. Shareholder equity has nearly doubled since 2002, to about $90 billion. When Ho Ching became CEO in 2002, she overhauled Temasek, setting up more precise performance
Words: 516 - Pages: 3
with complex matrix like this. Borrow money form one company and such with above problem ^ Introduction Consolidated financial statements first started being used as a result of the growth in intercorporate investments and the rise of holding companies. According to IAS 27 the purpose of consolidated financial statements is to simplify and combine all the financial statements of the subsidiary companies together as a group and presented as those of a single entity. One of the main issues
Words: 271 - Pages: 2
Singapore companies are top-tier companies that adhere to stricter best practices * LCs often compete against each other in key markets, making entry by an independently-held company difficult. For example, SingTel and Starhub, both Temasek Holdings companies, compete directly in the wireless service market and will soon do the same in the cable television market * GLCs are primarily established to catalyze the industralisation process and expand into all areas of the economy * The job-provider:
Words: 405 - Pages: 2
influential leader because she brought a company from failing. In this basis, the company is successful not only with the CEO but the workers he or she employ. In receiving awards, she must have influenced someone to receive recognition. When Temasek Holdings was losing revenue Ching step up to the challenge to bring the company back on their feet. She did not focus on the company but also expanding the company’s potential. She has the power to influence because she started from the bottom and rose to
Words: 405 - Pages: 2
Simplified Organisation Chart1 Home and Priority growth markets HSBC Holdings plc UK HSBC Latin America Holdings (UK) Limited HSBC North America Holdings Inc. HSBC Latin America BV HSBC Bank Canada The Hongkong and Shanghai Banking Corporation Limited HSBC Bank (China) Company Limited 99% HK HSBC Investments (North America) Inc. HSBC Bank Argentina S.A. HSBC Bank Australia Limited HSBC Finance Corporation USA HSBC Bank
Words: 323 - Pages: 2
able to forecast demand in a better manner by analyzing its distributor’s data which would help it in making better delivery decisions. 2) Implementing JITD would not only help Barilla but also the distributors in lowering their inventory holding costs as they would not have to maintain large inventory of products. Also the distributors would be
Words: 861 - Pages: 4
ABB v Comptroller of Income Tax [(2010) MSTC 70-000] The appellant is the widow of an employee taxpayer and brought the appeal in her capacity as the executrix of his estate. Prior to his death, the taxpayer was granted share options in several companies in a group of related companies. The various share option schemes were administered by Executive Committees which had the discretion to allow a participant to retain share options which would otherwise have lapsed, vary the number of shares
Words: 4857 - Pages: 20
