AUDITING
ICSI moots concept of labour laws audit
SEEKING a larger role in the operations of corporate sector, the Institute of Company Secretaries of India (ICSI) has now mooted the concept of `audit of compliance of labour laws'. The institute is set to make a formal presentation before the ... More

MANAGEMENT
A marketplace for ideas at IIMB-Bangalore festival
MORE than 500 teams and 3,000 participants across the country took part in Indian Institute of Management-Bangalore's (IIMB) annual management festival, VISTA 2004, held on November 5-7. Participants included management students, ... More

MERGERS & ACQUISITIONS
Jumbo mandates McKinsey to seek bids for SWC liquor biz
THE Jumbo Group, managed by the estate of the late Manu Chhabria, has mandated McKinsey Singapore to seek bids from interested parties to take a major stake in Shaw Wallace & Co's (SWC) liquor business. The liquor industry has been buzzing ... More

Henkel SPIC board okays merger with Henkel India — Stockswap ratio fixed at 1:1
THE board of Henkel SPIC India Ltd has approved its merger with Henkel India Ltd (formerly, Calcutta Chemicals Ltd) at a stock swap ratio of 1:1. "This will enable us to be on the dividend track faster," Mr A.C. Muthiah, Chairman, Henkel SPIC ... More

NEW PROJECTS
KCP Biotech setting up colour extraction plant with IICT help
KCP BIOTECH Ltd, part of the Chennai-based KCP group, is setting up a natural colour extraction plant at the Shapoorji Pallonji Biotech Park at Shamirpet, on the outskirts of the city. The one-tonne-per-day capacity processing plant would ... More

ALLIANCES & JOINT VENTURES
Mahindra enters Chinese tractor market; in venture with Jiangling
MAHINDRA & Mahindra Ltd (M&M) is to hold 80 per cent equity stake in a proposed joint venture with Jiangling Motor Co Group (JMCG) that will mark the company's entry into tractor manufacturing in China. The joint venture will acquire ... More

OUTLOOK
Ford expects car market to grow 18 pc in 2004
FORD expects the auto industry to beat its own forecast for the domestic passenger car market for the calendar year with a growth of around 18 per cent and sales of around 8.5 lakh units. Mr Vinay K. Piparsania, Vice-President (Marketing), Ford ... More

Hike in oil recovery boosts OVL's Sudan field earnings
AN increase in oil recovery from 2,70,000 barrels per day to 3,27,000 bpd coupled with a rise in global crude oil prices has resulted in a dramatic rise in ONGC Videsh's (OVL) earnings from the Sudan oil field. As against its earlier ... More