ACCOUNTING STANDARDS
Recommendations on accounting standards to be notified soon
THE accounting standards (AS) recommended by the National Advisory Committee on Accounting Standards (NACAS) may get the legal sanctity by December this year. Mr Prem Chand Gupta, Minister of Company Affairs (MCA) (Independent-charge), told ... More

CORPORATE DISPUTES
Vesting powers with Mukesh — `Anil's investment plans forced Reliance Ind board'
RELIANCE Industries' Vice-Chairman and Managing Director Mr Anil Ambani's political involvement and his act of committing the company to large investments without taking the RIL board into confidence precipitated the July 27 board meeting, say ... More

Mukesh allays fears of investors
MR Mukesh Ambani, Chairman and Managing Director of Reliance Industries, today said the recent loss of market cap of the Reliance group companies was an aberration, something that was not expected to last for long. "The underlying fundamentals ... More

Anil sends emotional e-mail to employees of RIL
"We are not inheritors. We have built this company along with our father. We are his (Dhirubhai Ambani's) partners. It has almost been like a joint venture." More

Reliance Energy board to meet today
RELIANCE Energy Ltd's board of directors will meet here on Tuesday to consider the resignations of six of its directors and related issues, the company told stock exchanges on Monday. The directors had resigned last Thursday amid the ongoing ... More

Court refuses search warrant against Lodha
THE Chief Judicial Magistrate of Alipore, in South 24 Parganas district of West Bengal, Md Mumtaz Khan, today refused to pass any order of search warrant against Mr R.S. Lodha, a member of the M.P. Birla Trustee Board. The court also did not pass ... More

COURTS/LEGAL ISSUES
Ranbaxy wins Abbott lawsuit; launches clarithromycin in UK
FOLLOWING a favourable ruling by a court in the UK against a lawsuit filed by the US-based Abbott Laboratories, Ranbaxy Laboratories Ltd has launched clarithromycin in the UK market. Abbott had gone to court seeking to prevent the Indian pharma ... More

ENVIRONMENT

HUMAN RESOURCES
Shop for your career at recruitment malls
IMAGINE walking into a five-lakh sq ft mall where the world's leading employers are vendors, jobs or careers are the products on offer, and job seekers are customers. "The day is not far away when leading cities in the country will have such ... More

RESTRUCTURING
TVS group hives off logistics division into separate co
T.V. Sundram Iyengar and Sons Ltd, the parent company of the TVS group, has hived off its logistics division into a separate, wholly owned subsidiary company. The new company, TVS Logistics Services Ltd, hopes to get into agreements with ... More

MERGERS & ACQUISITIONS

ALLIANCES & JOINT VENTURES
ONGC to join hands with Norway's Statoil for deep sea drilling
OIL and Natural Gas Corporation (ONGC) is set to dump Transocean and Dolphin Drilling and may team up with Statoil of Norway in its hunt for oil and gas in the deep-sea, where the exploration giant has drawn a blank despite spending millions of ... More

Satluj Jal in pact with Konkan Rlys for tunnelling project
Satluj Jal Vidyut Nigam Ltd (SJVNL), a joint-sector hydel generation company, has entered into an agreement with the Konkan Railways to provide consultancy services for the railway-tunnelling project between Katra and Laole on the ... More

STANDARDS & BENCHMARKS
Biocon awaiting USFDA nod to generic bio-insulin
CLOSE on the heels of launching the world's first recombinant human (r-DNA) insulin, Biocon Ltd is now waiting for the US Food and Drug Administration (USFDA) to spell out its regulatory policy on the generic version of insulin so that the ... More