GLG News by Point-Of-Sale (POS) Terminal Experts

Nitish GroverPrincipal, OwnerNitish Grover and Associates

What are the transfer pricing problems for companies doing business in India?

September 2, 2011

Analysis of:Under the garb of Transfer Pricing, Indian arms of Foreign IT Firms IBM, Accenture, Capgemini under-report revenues | economictimes.indiatimes.com

India has long battled problems with tax evasion and tax avoidance. With enhanced economic growth and more multinationals setting up in India, the problem of companies transferring profits overseas to their home country or a third country by underreporting their Indian revenues has become rampant. This practice is made possible by the different tax rates in various jurisdictions across India and also because of companies “treaty shopping” under double taxation avoidance agreements.

Nitish GroverPrincipal, OwnerNitish Grover and Associates

The realignment of currencies and effects on accounting statements

August 22, 2011

Analysis of:Yen and Gold Soar on Recession fears | www.ft.com

 As the value of gold increases, the relative competitiveness of economies is being affected. It may even alter how companies report their performance.

HaiPeng (Ben) ZHUCo-Founder and CEOHandBlue PrePaid

Something Is Better Than Nothing: Yahoo and Alibaba’s New Deal

July 31, 2011

Analysis of:Yahoo, Alibaba, Softbank come to agreement | councils.glgroup.com

NEW YORK — Yahoo Inc (NASDAQ:YHOO)., Japan's Softbank Corp (TYO:9984). and the Chinese Internet company Alibaba Group have agreed on a compensation plan involving the Web payment service AliPay.Under the agreement, Yahoo Inc., Softbank Corp. and Alibaba said that Alibaba — and thereby its shareholders — will continue to participate in Alipay's future financial performance. If Alipay goes public or is otherwise liquidated, Alibaba will get at least $2 billion and up to $6 billion.

HaiPeng (Ben) ZHUCo-Founder and CEOHandBlue PrePaid

Something Is Better Than Nothing: Yahoo and Alibaba’s New Deal

July 29, 2011

Analysis of:Yahoo, Alibaba, Softbank come to agreement | online.wsj.com

NEW YORK — Yahoo Inc., Japan's Softbank Corp. and the Chinese Internet company Alibaba Group have agreed on a compensation plan involving the Web payment service AliPay.Under the agreement, Yahoo Inc., Softbank Corp. and Alibaba said that Alibaba — and thereby its shareholders — will continue to participate in Alipay's future financial performance. If Alipay goes public or is otherwise liquidated, Alibaba will get at least $2 billion and up to $6 billion.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Bank of Innovation: What would it look like to you? Part II

July 24, 2011

Analysis of:A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | by.optimost.com

Continuing from my prior post of the future of banking and bank innovation...P2P lending may be the next big thing in banking; however, the business model and platform introduced by Zopa and Prosper, even though copied by more than forty companies around the world, (http://www.glgroup.com/News/The-P2P-Lending-Landscape-51458.html) is not workable for banks in its current form.    

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

A New Bank and Bank Model: A Bank of Innovation: What would it look like to you?

July 22, 2011

Analysis of:A New Bank and Bank Model: A Bank of Innovation: What would it look like to you? | www.gplus.com

The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only. The bank of the future looks like no bank at all. A convergence of emerging technologies, as follows, will enable a future form of bank that will be a bank in name and regulation only:

Nitish GroverPrincipal, OwnerNitish Grover and Associates

IFRS and The Continuing Roundabout Discussion - Its Politics Not Accounting

July 16, 2011

Analysis of:Investors Defend FASB Role on IFRS | www.cfo.com

The referred news article relates the views of certain individuals that the IASB may not be able to properly administer International Accounting Standards without being politically influenced. They argue that the FASB is better placed to develop accounting standards and withstand political pressure. In this analysis I look at some aspects of  the debate.

Howard BruckChief Information OfficerHUDSON VALLEY BANK

S1 and Fundtech, The Latest Bank Tech Consolidation

July 14, 2011

Analysis of:CORRECT: Fundtech Agrees To S1 Merger In Deal That Values Co At $318 Million | online.wsj.com

Clearly, bigger is an advantage for bank tech providers. With Fiserv and FIS as the two 800 pound gorillas, the small and mid-tier players need to successfully consolidate to thrive. There is probably room for a third gorilla, and not many good reasons for keeping around the small chimps.

Patrick YoungFounder and ChairmanDerivatives Vision

Bending Some Rules While Upholding Others Unwisely?

July 7, 2011

Analysis of:RT: Moodys' Portugal Debt Evaluation | rt.com

The EU is at a cross roads. Top level political criticism by the likes of German Finance Minister Schauble of the right for ratings agencies to speak freely does not portend towards the EU being an open and dynamic project. Rather the worry is that the EU establishment is going backwards in terms of all rights when faced with a financial crisis which they themselves helped create.

Rathi DasguptaManaging PartnerThe Strategic Sourcing Group

Feb 2011 - Cognizant is positioned as India's No. 3 IT services vendor

June 30, 2011

Analysis of:Cognizant Reports Fourth Quarter and Full Year 2010 Results | news.cognizant.com

Cognizant Technology Solutions Corporation (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced its fourth quarter and full year 2010 financial results.Highlights – Fourth Quarter 2010Quarterly revenue rose to $1.31 billion, up 45.2% from the year-ago quarter and 7.7% sequentially.Quarterly diluted EPS on a non-GAAP basis, which excludes stock-based compensation expense, was $0.70, compared to $0.50 in the year-ago

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