Ford to record pre-tax re-measurement loss of $3bn in 2016
The Dollar Business Bureau American automaker Ford Motor Company said on Friday that it would earn a pre-tax remeasurement loss of around $3 billion associated to its pension plans and some other post-retirement benefits plans for employees. The US multinational said the remeasurement loss will not affect the company’s adjusted pre-tax gains or adjusted earnings for every share in 2016, and will be documented as a special item. Re-measurement is the term used for re-evaluation of the cost of an asset or liability on the financial statements of a company. The company will report its net profits on January 26, 2017. It reported the earnings of $0.26 per share in the past quarter where the expected earnings per share (EPS) by analysts were $0.2 a share. The difference between the ...
India receives $130 bn FDI in two-and-a-half years: PM
PTI With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched USD 130 billion, Prime Minister Narendra Modi said today. Modi, while addressing investors at the Vibrant Gujarat summit here, also said that 'Make in India' initiative has become the "biggest brand" that the country has ever had. "The total FDI in the last two-and-a-half years have touched USD 130 billion. "The FDI equity inflow in the last two financial years was 66 per cent higher as compared to previous two financial years. In fact, the total FDI inflows received during the last year have been the highest ever," he said. He said the number of countries from where FDI is coming in, and ...
Pre-Budget Expectations: 'Smart Cities need enough support for timely completion'
"The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI" The Dollar Business Bureau Ashish Tandon, MD, Egis India: Mr. Ashish Tandon, MD,Egis India Communicating to The Dollar Business Bureau, Ashis Tandon, expressed that, “The government needs to have a mechanism to ensure timely delivery of projects that ensures better ROI” TDB: What are your expectations from the Union Budget 2016 for infrastructure sector in general and for the sectors that you have a presence in particular like railway, road? AT: Egis is an integrated solutions provider in the engineering consultancy space. We have a very strong presence in Roads & Highways, Rail, Water, Ports, Aviation, Urban Planning and Development etc. So we are impacted by ...
