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Do investors understand the limitations of audit ?

Both global and Indian accounting/audit standards seek to serve the information needs of investors because as paragraph 10 of the “Framework for the Preparation and Presentation of Financial Statements,” issued by the Institute of Chartered Accountants of India (ICAI) in July 2000, indicates, for a profit-oriented entity that “as providers of risk capital to the enterprise, investor need more comprehensive […]

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Xiaomi in India- The strategy behind its success

Xiaomi is the newest company to enter the highly competitive mobile device market in India. But does the staggering response on its Flipkart sale and a positive view by Indians indicate a conclusive future for the company in India? Or will the high demand and less supply prove to be redundant for the company?   Xiaomi is rather unknown among […]

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