The Hindu Business Line : Monday, October 10, 2005

Gulf Oil gets Capexil export award
GULF Oil Corporation Ltd has been awarded the "Certificate of Merit for the year 2004-2005" at the annual Capexil Export Awards at Chennai. The Union Finance Minister, Mr P. Chidambaram, handed over the award to Mr A.D. Sao, General Manager, ... More

AUDITING

Indian audit system is `pathetic': Chidambaram
THE audit system in India is "pathetic", the Finance Minister, Mr P. Chidambaram, said today. Mr Chidambaram said this at a function held to release a book of articles written in Business Line by Mr B.S. Raghavan, former Chief Secretary ... More

ACCOUNTANCY

`CAs must gear up to assist SMEs'
CHARTERED accountants working in the industry will be required to undergo a minimum of 10 hours of learning under the Institute of Chartered Accountants of India (ICAI)'s Continuing Professional Education Programme to keep themselves abreast of ... More

MANAGEMENT

JOTTINGS
Unravelling TQM
FEW movements have impacted Indian manufacturing as the Japanese movement, now widely practised and popular as Total Quality Management (TQM). The factory origins of quality control as a departmental function are ... More

RESTRUCTURING

Bihar polls delay revamp of KK Birla Group sugar cos
THE ensuing Bihar Assembly elections have delayed the proposed restructuring and finalisation of accounts of two of the four sugar companies of the KK Birla Group. The group had earlier decided to physically relocate a plant located at ... More

CORPORATE GOVERNANCE

Ministry identifies independent directors for oil co boards to beat SEBI deadline
THE Petroleum Ministry has identified independent directors who could be nominated on the boards of public sector oil and natural gas companies before the Securities and Exchange Board of India (SEBI) deadline of December 31 for compliance with ... More

OVERSEAS INVESTMENTS

Advantages of duty sops, lower lead-time for exports — Textile cos begin to set up units abroad
INDIAN textile companies have started establishing units in strategic locations abroad to take advantage of reduced export lead-time and duty concessions specific to these countries. Prominent companies such as Zodiac and Ambattur Clothing ... More

TRADE & LABOUR UNIONS

RINL signs MoU for bonus
VISAKHAPATNAM: A memorandum of understanding was signed on Saturday by the management of the Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd) and the registered trade unions for payment of Rs 12,760 to all regular employees as an ... More

ALLIANCES & JOINT VENTURES

GAIL, IOC set up jt venture for piped gas supply
GAIL (India) Ltd and IOC have joined hands to set up a joint venture called Green Gas Ltd (GGL). The company has been incorporated for implementation of city gas projects for supply of piped natural gas (PNG) to domestic, commercial, and ... More

SICK UNITS

Turnaround traits
AMONG the most sought after heroes of the corporate world are those — the likes of Lee Iacocca and Jack Welch abroad and V. Krishnamurthy and M. Damodaran in India — who willingly take on themselves what others would spurn as a ... More

OUTLOOK

Marico to invest Rs 150 cr; may acquire more brands
MARICO LTD plans to invest around Rs 150 crore over a couple of years and is actively looking for acquisition of brands. The company has already made its first acquisition abroad last week with the purchase of two soap brands from a company in ... More

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