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Showing posts with label 2017 at 12:07PM. Show all posts
Showing posts with label 2017 at 12:07PM. Show all posts

Sunday, May 28, 2017

Section 153C proceedings not valid if initiated on the basis of document not belonging to Assessee

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There is, therefore, nothing to contradict the categorical finding of the ITAT that the document which formed the main basis for initiation of the proceedings under Section 153C of the Act does not belong to the Assessee. One of the principal conditions for attracting Section 153C of the Act is, therefore, not fulfilled in the present case.

May 28, 2017 at 12:02PM

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from CA Sandeep Kanoi

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Australia’s most notorious drug smuggler returns from Bali

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Australia's most notorious drug smuggler returns from BaliAustralian drug smuggler Schapelle Corby, whose trial and imprisonment on Indonesia’s tourist island of Bali mesmerized her country for more than a decade, returned home Sunday. Corby landed in the Queensland …

May 28, 2017 at 12:02PM

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Tuesday, May 23, 2017

Canberra digital transformation company Intelledox raises $4 million to further international growth

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Canberra-based digital transformation startup Intelledox has announced the closing of a $4 million round from Ellerston Ventures, which will be used to accelerate the business’s global expansion and build out its software product.

The startup’s flagship software ‘Infiniti’ helps businesses bring their stacks of paperwork online, through digitising traditional paper-based processes and automating document generation.

Infiniti also holds tools for online data capture and mobile forms, allowing businesses to complete work on the go. The software can be integrated into servers or accessed through the cloud, and is targeted at consulting and financial service firms.

Intelledox cofounder and Chief Innovation Officer, Philip Williamson said the funding serves as validation of Infiniti’s ability to help transform the traditional processes used by businesses.

“To have attracted such high-caliber investment validates our ability to transform the way companies approach process improvement. We look forward to working with our board, our passionate team, and our innovative customers and partners to drive better digital transformation results with a customer focused and data-driven technology offering,” said Williamson.

Williamson established Intelledox in 1991 beside cofounder Michelle Melbourne, with the pair building a local customer base before expanding internationally.

Currently spread across Australia, Asia, New Zealand the United States, Intelledox serves 15 million users across the globe.

Last year saw the business grow its sales across all regions by 50percent, growth which Intelledox CEO Ray Kiley accounted to the “trend” of businesses looking to digitise their paper-processes.

“In the age of the customer, organisations across the world recognize the critical need to support their digital transformation efforts with a customer-centric approach, and Intelledox is well-positioned to take advantage of this trend. This capital gives us additional resources to innovate rapidly, expand quickly and strategically into new markets, and deliver on our customer-centric vision around the world,” said Kiley.

Ellerston Capital Investment Director, David Leslie, who will be joining Intelledox’s Board of Directors, said the firm is excited to help Intelledox increase its international customer base and gain solidify its international footing.

“Intelledox has built a solution that solves a major problem for organisations, whether they are large and complex or small and focused, the platform accelerates speed to market and flexibility around business processes and customer interaction. We are excited to support such an incredible Australian business and their amazing team, during their high growth journey,” he said.

Image: Philip Williamson & Michelle Melbourne. Source: Intelledox. 

May 23, 2017 at 11:18AM

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from James Ward

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What Drives the Cross-Section of Credit Spreads?: A Variance Decomposition Approach

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ABSTRACT

I decompose the variation of credit spreads for corporate bonds into changing expected returns and changing expectation of credit losses. Using a log-linearized pricing identity and a vector autoregression applied to micro-level data from 1973 to 2011, I find that expected returns contribute to the cross-sectional variance of credit spreads nearly as much as expected credit loss does. However, most of the time-series variation in credit spreads for the market portfolio corresponds to risk premiums.

May 23, 2017 at 11:59AM

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from YOSHIO NOZAWA

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Sunday, May 21, 2017

Japanese robotics startups look to foreign talent

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TOKYO — Foreign software engineers and other information technology specialists are increasingly joining Japan’s robotics startups. They believe the …

May 21, 2017 at 11:52AM

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Exim Bank to raise $3.5 billion from overseas, Rs 8,000 crore from domestic market

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58772267.cmsExim Bank provides finances broadly in three segments — overseas investment finance scheme, project exports and lines of credit which is basically a govt to govt credit.

May 21, 2017 at 11:55AM

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Petroleum Product Exports from Central Atlantic States Were Unusually High in February

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Exports of finished petroleum products from the Central Atlantic region of the United States (Petroleum Administration of Defense District, or PADD 1B) reached a record high in February 2017. Increased exports were driven by lower prices for several petroleum products in the Central Atlantic region compared with prices in other regions in the Atlantic Basin. […]

The post Petroleum Product Exports from Central Atlantic States Were Unusually High in February appeared first on The Energy Collective.

Click headline for full article

May 21, 2017 at 12:01PM

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from U.S. EIA: Today in Energy

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Monday, May 15, 2017

Microsoft, cybersecurity firms could benefit from WannaCry

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CNBC’s Arjun Kharpal speaks about the widespread cyberattack of virus WannaCry, which affected up to 200,000 computers in 150 countries.

May 15, 2017 at 12:06PM

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We are trying to communicate with the US: Lebanese central bank governor

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Lebanese Central Bank Governor Riad Salame speaks about a potential $100 billion arms deal between the U.S. and Saudi Arabia.

May 15, 2017 at 12:06PM

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Homeland security aided Merkel’s success in state election

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CNBC’s Annette Weisbach reports on Germany’s state election in North Rhine-Westphalia which resulted in a “crushing defeat for the SPD.”

May 15, 2017 at 12:06PM

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Growth a concern for Glenmark; Titan has become jewellery stock: Udayan Mukherjee

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Udayan Mukherjee Titan#39;s EBIT from the jewellery business is ten times the EBIT from watches plus eyewear business put together, said Udayan Mukherjee.

May 15, 2017 at 12:01PM

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Wednesday, May 10, 2017

The Days of Selfie Headshots are Long Gone, Thanks to Startup Picture Day

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It’s the talk of the town: Startup Picture Day is making its way back to startup land! (Far from the school picture days that we’re all too familiar with!)

May 10, 2017 at 11:23AM

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10 Best Places to Retire in Spain

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shutterstock_245308603-750x488.jpg

For those of you who wish to spend their retirement days in a warm climate drinking sangria, our list of best places to retire in Spain will give you all the info you need. So Spain, huh? Well, I can’t say I don’t envy you. Spain looks like a great country to spend retirement days…

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

InsiderMonkey?d=yIl2AUoC8zA InsiderMonkey?d=qj6IDK7rITs

May 10, 2017 at 12:05PM

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from Jasmin Cilas

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Thursday, April 27, 2017

Estimating risk premium and volatility persistence in Malaysian stock market

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Estimating risk premium and volatility persistence in Malaysian stock market
Elgilani Elshareif; Muhammed Kabir
International Journal of Accounting and Finance, Vol. 7, No. 1 (2017) pp. 1 – 10
External shocks induced volatility, and persistence of the volatility has been examined for the Malaysian stock market using a model where risk-return trade-off has been incorporated. In the current study, the stock market index has been disaggregated into four different sub-sectors which have provided an opportunity to compare and contrast the inter-sectoral variance in response to external shocks and persistence of the effects of these shocks. The sectoral breakdown provides a deeper insight into the dynamic adjustment mechanism which is invariably masked in studies that use the aggregate data. This paper also finds that the risk premium coefficient is positive and statistically significant and thus concludes that the Malaysian stock return is influenced by conditional variance. More precise estimation of volatility is a pre-requisite for designing policy measures to smooth out fluctuations in stock indices, and consequently encouraging investment not only in the stock market but also in the real economy has far reaching consequences. The results have significance also for portfolio managers and investors who are managing funds to optimise risk-adjusted returns.

April 27, 2017 at 12:03PM

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from Elgilani Elshareif

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Tuesday, April 18, 2017

Zimply Fresh – Healthy Bars Made Instantly

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Zimply Fresh

Startup Name: Zimply Fresh

Tagline: Healthy Bars Made Instantly

Elevator Pitch: Zimply Fresh is The First Fresh Bar Preparation System.

Prepare your Own Fresh Organic Bar, Enjoy Fresh & Healthy Nutrition On-Demand. Our ‘Nature to Nurture’ philosophy of great taste begins with simple, organic ingredients to enable Fresh & Healthy Nutrition.

Zimply Fresh

A compact Fully-Automated System engineered to instantly prepare a healthy, great-tasting bar. It’s intelligent, sleek, one-touch – with ZERO clean-up. Each bar is filled with Organic and Simple ingredients, and nothing else – no preservatives. Our ingredients are carefully sourced, maintaining the highest standards and sealed to maximize freshness.

Target Market: Consumers

How will you make money? The SnackBot is a small one time fee and each Zac to make the bars are $2-$4 each depending on the ingredients.

How much capital have you raised? None

Founder(s) Name: Mark McManus

Website:  http://ift.tt/2oGVUid

Twitter:  NA

City/Country: Salt Lake City

The post Zimply Fresh – Healthy Bars Made Instantly appeared first on Startup88 – Entrepreneurs – Startups – Tech – Science – AI .

April 18, 2017 at 12:02PM

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from Ahtesham Hashmi

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Sunday, April 16, 2017

EUR/USD Bulls Broke Psychological Level at 1.0600

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EUR/USD has turned bearish since March 28, as a result of the strengthening of the dollar. It has plunged almost 2% from March 28 to April 10. However, EUR/USD has rebounded since Monday April 10, after hitting a 1-month low of 1.0568. This morning, we saw …

The post EUR/USD Bulls Broke Psychological Level at 1.0600 appeared first on ForexTV.

April 16, 2017 at 11:29AM

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from EUR Editor

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