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Thursday, March 12, 2009
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OPINION

INTERVIEW: Will watchdogs turn bloodhounds?
Uppermost in the agenda of the new chief of the Institute of Chartered Accountants of India (ICAI), Mr Uttam Prakash Agarwal, is the Satyam problem. “Members should not lose heart but must act proactively to safeguard the interests of ...

OPEN OFFERS: Preferential allotment and public offer
The spirit behind the public offer norm triggered on takeover of more than 15 per cent of the voting capital is that the public shareholders should also savour the same attractive price albeit on a part of their holdings which the promoters ...

MERGERS & ACQUISITIONS: Due diligence in overseas acquisitions
Recently, KPMG hosted a seminar in three Indian cities, with the theme ‘India Goes Global’. The common view expressed by the participants — many high growth and large Indian companies — was that this is the time to ...

BOOKS: Decay begins when boards become clubs
The public’s growing intolerance of ‘directoral ignorance and incompetence’ calls for a rapid implementation of professionalisation in governance, argues Bob Garratt in The Fish Rots from the Head ...

ACCOUNTING STANDARDS: Perennial education
Mark Twain once remarked, “I never let my schooling interfere with my education.” Accounting professionals the world over have had an avalanche of accounting standards, standards on auditing, acts such as Sarbanes Oxley and ...

EDITORIAL: Under powered
Even when the 11th Plan power generation capacity addition target was set at 78,700 MW, there were sceptics who felt it was too ambitious and not achievable given the track record. Yet the Government maintained till the other day that the ...

TELECOMMUNICATIONS: Telecom: A saga of missed opportunities
India is now counted as amongst the leading telecom markets of the world. But how much of it is due to the initiatives of the UPA government, and how much has happened in spite of it?An analysis of the facts shows that had it not been for ...

SPORTS: An idea whose time will come
Almost exactly 40 years ago, when Bill Lawry’s Aussies were touring India, I had my first introduction to non-linear systems. Economics, said one of our teachers, was essentially a non-linear system, inasmuch as the outcome could not ...

LETTERS: Improving democracy
The article “Keeping the spirit of democracy alive” (Business Line, March 9) was timely. As a PIO living in Germany for more than 30 years, I feel it is time India adopted two important elements from the ...

Columnists: C Gopinath Harish Bijoor G Chandrashekhar S Murlidharan Sharad Joshi Mohan Murti S Balakrishnan Bharat Savur B S Raghavan Ganesh Challa Bhanoji Rao Swati T Banusekar Ramanujam Sridhar Ranabir Ray Choudhury Rasheeda Bhagat P.V. Indiresan P Devarajan S Muralidhar R K Raghavan B Venkatesh S Venkitaramanan




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Markets (March 10)
Nifty (as at Mar 9)2,573.15(-47.00)
US Dollar (Buy/Sell)51.87/89
Brent crude (a bbl) Rs2,235
Gold (a gram) Rs1,421
Silver (a kg) Rs23,795


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