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Financial and Industry

Tags : Global economy, environment effect
Industry : FMCG/Foods/Beverage
Functional Area : Performance
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About "Financial and Industry" topic:

Impact of external unpredictable environmental changes on business and industry economics

2 insight , 1 debates on topic: "Financial and Industry"
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Swine flu impacts global economy By Mike Stones, 28-Apr-2009 Related topics:  Financial Industry     The virus is now so widespread, the focus should switch from containing it to mitigating its impact, said Dr Chan. Yesterday the organization raised the level of influenza pandemic alert from Phase Three to Phase Four; indicating that the likelihood of a pandemic has increased, but was not inevitable. Meanwhile, in New York trading yesterday shares in Smithfield Foods, the world’s largest  pork  processor and Tyson Foods fell on fears that the outbreak will lead consumers to shun pork products. Smithfield shares fell by $1.28, or 12 per cent, to $9.04 and Tyson dipped 97 cents, or 8.9 percen...
Ahmed Sultan, ITC  |  Commented  |  3 years ago
The newly spread flu virus (A-H1N1) will have a negative impact on the world economy. It seems that the current economic suffering is not enough.
 
 
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The day before yesterday,   There was a press release by our company(IRIS Business Services Pvt Ltd) titled   'Sorry wrong number: Study finds financial results of 209 listed Indian companies don’t add up'   The report includes findings from the XBRL based data base, which we at IRIS, have created of about 1000 odd listed company,   Which includes financial statements schedules to financial statements of the companies.   The findings were astounding.   There were as much as 209 companies whose numbers dint add up. i.e. in other words, there were calculation discrepancies in 'Audited' financial statements of the companies.   For one of the company, there was an error of as much as Rs.216 Cro...
sowmya  |  Commented  |  2 years ago
Yep.. There cannot be calculation inconsistencies in Audited Financial statements.
punya  |  Commented  |  3 years ago
Thanks Mathew. That is true, that it may not be understood properly, it cannot be called a fraud. But the ultimate objective of reporting financial statements is lost. Assets = Capital + Liabilities The errors cannot be expected. That too from...
Mathew Cherian  |  Commented  |  3 years ago
Sometimes companies create 'provisions' and 'reserves' for major losses. This might turn up a discrepency in the statement if not properly understood or entered.
 
 
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Yes 
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VS
2
 No
Narinder Pal Singh  |  Argues in support of  "No"  |  2 years ago
I agree with Soma. Not always we can assure of "No fire" in oil depot. We can only do preventive measures. Oil related fire accidents are common across the world. Then why only to blame india of not being able to control these cases...
Sachin Majarikar  |  Argues in support of  "Yes"  |  2 years ago
yes,complacancy has been in the blood of indians and we should take lessons from the incident that happen. "everyone is accountable " when this will be embarked in each and every citizen of our country then n then only we can prosper and stay safe.  
Soma Gupta  |  Argues in support of  "No"  |  2 years ago
I do not agree with this point. Fire accident is a very common possibility in oil related areas so what is so astonishing if this accident broke out in an oil fuel depot. Prevention in these cases is not 100 % guaranteed but measures to me taken...
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Other knowledge matching "Financial and Industry" topic
Activity: 3004 referals , 28 arguments, 724 views  
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I see. There are few innovative ads but rest all are stale. I do not understand many of these ads, their purpose looks so unclear that I feel that......
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WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT BE A PATENTED. BUT IT SHOULD HAVE BEEN A BREAK THROUGH IN A PARTICULAR INDUSTRY.  EG. 1. FILM-SATYAJIT RAY, 2. WIRELESS TELECOMMUNICATION-J.C.BOSE 3.......
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No 1: India Since 1991, when economic liberalization unshackled India from the slow rate of growth and threw its doors open to the global economy, India has never looked back. The Knight Frank report assumes that India will shake off its current crop of social, political and economic issues and go on to the top of the heap.
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