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ICAI Clears New Format for Profit & Loss Account

August 02, 2025

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Mint Bangalore

The way Indian firms present their profit and loss statements is set for a makeover, which could provide investors with a clearer picture of what's driving profits and where the money goes.

- Gireesh Chandra Prasad

The Institute of Chartered Accountants of India (ICAI) has approved a new reporting format under Ind AS 118, bringing it one step closer to implementation, two persons aware of the development said.

المزيد من القصص من Mint Bangalore

Mint Bangalore

GDP revamp shrinks size of India’s economy

India’s economy is now smaller than previously thought. New estimates based on an updated methodology and base year have shrunk the nominal output by over ₹3 trillion ($133 billion), validating concerns over the size of the economy.

time to read

3 mins

February 28, 2026

Mint Bangalore

Deepinder Goyal's only-fit hiring plan may test legal limits

Zomato founder Deepinder Goyal's call for engineers for his longevity venture, Temple, came with a caveat-they need to be supremely fit.

time to read

2 mins

February 28, 2026

Mint Bangalore

Mint Bangalore

Supplement makers swap expensive whey for plants

Soaring whey prices are reshaping India’s fast-growing protein supplement market, squeezing margins and forcing companies to redraw growth strategies as consumption rises.

time to read

2 mins

February 28, 2026

Mint Bangalore

Mint Bangalore

The couple who made anti-fit a hit

Nicobar's Simran Lal and Raul Rai, partners in business and life, on creating a niche for everyday wear that's relaxed yet stylish

time to read

5 mins

February 28, 2026

Mint Bangalore

Mint Bangalore

GDP grows at faster 7.8% in Q3 under new series

FY26 growth outlook raised to 7.6% from 7.4%; CEA pegs Q4 pace at 7.3% or more

time to read

3 mins

February 28, 2026

Mint Bangalore

Foreign investor buying fails to soothe edgy Street

buoyed metal and oil & gas stocks, said experts, Both sectors emerged as the week’s top performers.

time to read

2 mins

February 28, 2026

Mint Bangalore

SC chides losing bidders trying to stall insolvency

Losing bidders cannot seek a second chance by portraying the CoC's commercial decisions as procedural flaws, the SC said.

time to read

2 mins

February 28, 2026

Mint Bangalore

Mint Bangalore

Paramount-Warner deal set to reshape Indian cinema

Netflix is backing away from its proposal to buy Warner Bros Discovery

time to read

2 mins

February 28, 2026

Mint Bangalore

Mint Bangalore

Looking beyond spectacle at Kochi

Smartphones have turned viewers of art into consumers, eager to flaunt what they've seen. Is it time for some close looking?

time to read

6 mins

February 28, 2026

Mint Bangalore

Goyal's only-fit hiring plan may test legal limits

and therapists, insurance policies that include partners and even gender surgeries.

time to read

1 min

February 28, 2026

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