CORPORATE
ACCOUNTING STANDARDS
ICSI urges Govt to incorporate standards in proposed company law
Bangalore, June 14 The Institute of Company Secretaries of India (ICSI) has urged the Government to incorporate secretarial standards formulated by it into the proposed new company law. ICSI, which is currently working on three more ...
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CORPORATE DISPUTES
RCom threatens to claim damages if Reliance goes to court
RIL warns MTN of legal action; S. African co says talks progressing well
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Reliance: The sibling rivalry continues
Delhi/Chennai, June 14 Even after the Reliance group announced the division of companies between the two brothers — Mr Mukesh Ambani and Mr Anil Ambani — in June 2005, relations continued to be strained between the two.The ...
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NEW BUSINESS
No pipe dream
Home grown pipe maker PSL has bagged orders worth Rs 1,928 crore from GAIL, for the supply of carbon steel pipes. The orders are executable by the end of this year. PSL’s consolidated order book now stands over Rs 6,000 ...
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MERGERS & ACQUISITIONS
TOP OF MIND
Trying to score off rumour, news
“Buy low sell high”…that is the common refrain of those trading in the markets. But there is also “buy on rumour, sell on news” especially when there is news relating to mergers and acquisitions of listed ...
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Control premium
The Singh family, the largest and controlling shareholders of India’s largest drug company Ranbaxy, has agreed to sell its entire 34.82 per cent stake to Japanese pharma major Daiichi Sankyo at Rs 737 per share, valuing the ...
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Big names
Deccan Chronicle Holdings has said that The New York Times Company, owners of the International Herald Tribune, plans to acquire a 5 per cent equity stake in Sieger Solutions, a 100 per cent subsidiary of Deccan Chronicle ...
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OVERSEAS INVESTMENTS
Mirae plans overseas equity fund
Mirae Asset Mutual Fund has filed an offer document with SEBI for an equity oriented fund that will invest in equities of leading companies having their primary activity in Brazil, Russia or China. The proposed fund will invest 65-100 per cent in ...
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ALLIANCES & JOINT VENTURES
Desi projects with videshi touch
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Deal off
Textile major Arvind Mills and Italian fashion brand Diesel BV have called off their proposed joint venture for the distribution and branding of Diesel products in India by mutual consent. Both feel that the JV agreement would restrict ...
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OUTLOOK
Financial executives looking to expand market reach: Survey
Bangalore, June 14 Senior financial executives of India, other Asian countries and Australia plan to invest in growth by actively looking to expand their market reach, invest in new production capacity, new product and service development and ...
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Gujarat NRE ships first load of Australian coking coal to India
Ahmedabad, June 14 Gujarat NRE Coke Ltd, the largest independent producer of low-ash metallurgical coke (LAMC) in the country, loaded on June 12 the first shipment of coking coal produced at its NRE Wongawilli Colliery in Australia, headed ...
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Naturol Bioenergy to export first shipment to Europe
Hyderabad, June 14 Naturol Bioenergy Ltd said it will be sending its first shipment of 10,000 tonnes of biodiesel from Kakinada port in the next 10 days to a European buyer.Addressing a press conference here recently, Mr Bhaskar ...
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