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EDSG News



EDSG helps a private university to launch a professional training center dedicated to the life-long-learning (3L) concept.



EDSG India office phone number changed. The new phone number is +91 741 182 1307.



In 2012 EDSG has been working with a private Russian university to establish new academic and research programs as well as to streamline its operations.



EDSG opens its office in Bangalore, India – EDSG Pvt. Ltd. to provide unique services in South and South-East Asia. The company combines unique international knowledge and regional experience and offers exclusive services and solutions in business operations, IT services, education and training and private sector development.



EDSG has established its office in Tbilisi, Georgia, EDSG Ltd., to serve as a regional hub in the Caucasus and Central Asia, EDSG Ltd.

World News

Green Biz







Financial Times - UK Homepage





The Economist: Business

  • Tata Steel: Goodwill hunting

    WRITE-OFFS of goodwill are confusing. When they happen, companies insist they do not matter. Goodwill is the excess paid for an asset over its book value. Writing it down is a mere accounting adjustment, bosses tend to say. Yet those same bosses go to inordinate lengths to delay recognising such supposedly irrelevant, non-cash losses. On May 13th Tata Steel, an Indian firm, announced a $1.6 billion impairment, mainly of its takeover of Corus, a British steelmaker. The deal happened six years ago. It has been clear for at least four years that it has been a financial disaster. Why recognise that now?The cynical view is that managers are vain and hate to admit mistakes. Investors usually decide an acquisition has gone bad within a year or two. The buyers’ shares drop. It takes longer for the accounts to catch up. Auditors should subject balance-sheets to a yearly impairment test, but valuations are subjective and executives can twist their arms. When the auditors do, at last, assert themselves, companies are often blasé. An example is ArcelorMittal, another steel firm. It disclosed a $4.3 billion write-down in December—with no post mortem of the long and value-destructive acquisition spree that helped generate it.The typical lag between error and admission seems to be about five years. Take the top 3,000 firms listed worldwide. In the boom of 2004-07 takeovers were at a peak...






NYT > Business Day

  • Hunting for Syrian Hackers’ Chain of Command
    If researchers prove the Assad regime is closely tied to the Syrian Electronic Army, foreign governments may choose to respond, because the attacks have real-world consequences.
        













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