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Emerging technologies such as DeepTech, AI, and open-source products are influencing the software product landscape to a massive extent. The Indian software product industry, which is a part of the IT/ITeS sector, presents a promising and vibrant future with active participation from both indigenous firms and global players, who, in fact, are the predominant consumers
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eXBRL, or eXtensible Business Reporting Language, is a global standard used for electronic business communication, enabling accurate tagging and sharing of financial statements. It allows companies to efficiently compare and analyze financial data, making it easier for stakeholders to access and interpret essential information. By streamlining the dissemination of financial reports, eXBRL helps improve transparency
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On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2024–25. This budget, marking a historic third term for PM Modi’s government, reflects the Indian electorate’s trust and sets the economic trajectory for the nation. The Union Budget 2024 centers around four key themes: employment, skilling, MSMEs, and the
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What exactly is ESG, and why is it so crucial for businesses of all sizes? ESG acts as a comprehensive framework for evaluating a company’s performance beyond just its bottom line. Here’s a closer look at each of the three pillars: Pillar 1 Environment The environmental factor in ESG is a critical component for businesses
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The Lok Sabha has passed the Finance Bill 2023 with over 60 amendments by making changes to the bill which was initially introduced in the Lok Sabha on February 01, 2023. These amendments include changes related to capital gains, TDS/TCS, Securities Transaction Tax (STT), GST Appellate Tribunal, etc. Let’s have a look at the important
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