The Hindu Business Line : Thursday, October 12, 2006

ACCOUNT SPEAK
The five most dangerous words are: `Everybody else is doing it'
Do no wrong. Sounds like grandma advice, but that's what the world's second richest man, Warren Buffett, told his managers recently. "In a September 27 memo, Buffett cautioned managers that many corporate scandals arise because questionable ... More

IMPRESSIONS
Making `allowances'
The usage of the expression `salary', indicating the remuneration fixed for work done, is comparatively of recent origin only in the commercial history of the world. Initially, there were only slaves and serfs, ... More

REFLECTIONS
Of filter coffee & Ooty
As our Tata Indica steadily climbed the curvy road linking Coimbatore to Ooty, Ananthan and myself decided to have a break. The air was winterish and one craved for a fresh, hot cup of filter coffee. We parked our car at a coffee shop with a ... More

BOOKS OF ACCOUNT
The India business story
Knowledge of client's business is one of the first musts for any professional accountant. For a bigger picture, here is The Concise Oxford History of Indian Business, by Dwijendra Tripathi and Jyoti Jumani (www.oup.com). The focus ... More

EAR TO THE GROUND
Construction cos under cost pressure?
Another sector that currently does not find much optimism among marketmen is the construction industry. Analysts maintain that with cost pressure high, working capital requirement has been on the rise. As such, there is fear of continuous equity ... More

Aviation sector on `cautious' radar
A drop in crude price notwithstanding, market outlook on the aviation sector is cautious. Analysts maintain that benefits accruing from any reduction in ATF prices may be neutralised by the intense price competition among the industry players. ... More

SENSOR
Profit booking at higher levels clips earlier gains
More

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