Is a company’s profit fact or narrative?
Profit or loss is a definitive number because it can be traced back to a company’s books of accounts, audited by a certified auditor. Any number that doesn’t have this stamp of sanctity is a baseless claim.
More in Internet
You may also like
India’s study-abroad industry gets a crushing reality check
In the last two years, foreign education plans have been dealt a body blow by changes in regulation, a rise in fraudulent activities and misaligned incentives for brokers, students and foreign universities. Indian students are among the worst hit.
Happy coincidences and venture capital returns
Three portfolio exits have helped Arali Ventures return the principal sum of its small fund in about six years. This doesn’t happen too often in India’s nascent venture capital ecosystem. So what should we learn from it?
Are credit repair startups preying on the vulnerable, shielded by the rating’s opacity?
The country’s post-pandemic credit boom has given rise to a number of companies offering to clean up borrowers’ credit reports. But no one’s paying attention to the most fundamental risks these businesses pose.