Big 8 accounting firms

Shishir Asthana"Do not judge me by my success, judge me by how many times I fell down and got back up again."These words from Nelson Mandela are true for every successful person, be it a businessman, sportsperson, musician or a trader. It is especially true in the case of Asit Baran Pati, who rose like a phoenix from the ashes of his creation.Close From a well paying Investment Banking job to live off his mother’s pension money, Asit has seen it all. It was his confidence and persistence in search of a winning formula and sticking to it that made him a successful trader. The taste of freedom between jobs when he attempted to trade fulltime, was his driving force. related news How Vishal Mehta undertook a journey from discretionary to system trading for consistent gains Mitesh Patel: The angry young man of options trading Sushil Bhagat: An all-round investor, options trader and successful corporate executive A short term momentum trader and a scalper, he is among the … [Read more...] about Asit Baran Pati | An options buyer journey to financial freedom

Today’s technology is built on people. You may order a product online, but humans have to pack, ship, and deliver it to you. And while Uber and Lyft dream of autonomous cars, it seems that humans will be driving you for the foreseeable future. Aside from the techy interface, the gig economy differs little from the traditional service industries of cabbies, couriers, waitstaff, and store delivery folk. advertisement advertisement So should the same tipping rules apply? This week, drivers for grocery delivery service Instacart staged a strike to demand not better pay, but better tips. The app currently nudges customers with a default 5% tip (or $2, whichever is higher). Instacart’s freelance workers are demanding that it be upped to 10%. They and workers for many other gig companies complain of ever-declining pay that makes tips more important to their bottom line. The hope is that a higher default amount could provide an important nudge to customers, who are … [Read more...] about Here’s what you should tip Uber, DoorDash, and Instacart workers

Much has been made of the support given to demonetisation by Krishnamurthy Subramanian, the government’s new Chief Economic Advisor. To be sure, he did write in his columns that demonetisation was a revolutionary act and that the poor were not the worst affected. He had disparaging things to say about the policies of the Gandhi dynasty, just before the elections to the Uttar Pradesh state assembly. He also wrote about the rise of crime in Uttar Pradesh under Mayawati and the Samajwadi Party, again just before the elections there.But while these views may have earned him brownie points among the powers that be, to his credit Subramanian hasn’t shied away from having independent views on several other subjects. For instance, he castigated the move to remove former Reserve Bank of India Governor Raghuram Rajan, who had been his teacher; saying we don’t treat our heroes well. He has been critical of the non-implementation of several of the recommendations of the PJ … [Read more...] about Quick Take | Gandhi family critic, Raghuram Rajan fan: How CEA Krishnamurthy sees the world

The Indian markets on Tuesday afternoon was trading on a flat note with the Nifty shedding 22 points at 10,395  while the Sensex was up 22 points or 0.7 percent.The Nifty PSU banking index was trading higher by 2 percent led by Bank of India which zoomed over 7 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 3.2 percent while Andhra Bank zoomed over 6 percent.The top Nifty gainers included HPCL which jumped 4.2 percent while BPCL was up 3.96 percent. IOC, Bharti Infratel and Indiabulls  Housing were the other top gainers.Close The top Nifty losers included Tata Consultancy Services which fell 5.4 percent after the big block deal trade in opening trade. Promoter Tata Sons may have offloaded stake in the company. The other losers included HCL Tech, Kotak Mahindra Bank, Coal India and Ambuja Cements. related news … [Read more...] about Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%

K RaveendranThe Narendra Modi government has allowed itself to be damned for its electoral bond scheme. The much-fancied scheme has ended up doing whatever it was meant to prevent. Details of the murky manner in which the government evolved and implemented the scheme show why it is so.Electoral bonds were supposed to check the use of black money in funding elections and it was argued that without institutionalised funding, corporate and other interested parties would pay political parties with questionable cash, often by round-tripping and siphoning off money from their businesses.Close In practice, however, the scheme has opened the floodgates to unlimited corporate donations and anonymous financing. Instead of making election funding transparent, the bonds have put a veil of secrecy over donations, at the same time enabling the government to know who has paid whom. This makes the scheme a perfect quid pro quo mechanism for vested interests to please the ruling establishment and … [Read more...] about Policy | Electoral bonds promote what they are supposed to prevent