CORPORATE
ANNOUNCEMENTS
GAIL may infuse more funds in Dabhol project
GAIL (India) Ltd is favourably considering a Government proposal to infuse additional funds into Ratnagiri Gas and Power Private Ltd (RGPPL), the erstwhile Dabhol project. The matter was considered by GAIL's board, which met last weekend, ahead ...
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L&T files 80 patents
The electrical and electronics division of Larsen & Toubro has filed 80 patent applications in 2006-07. While the company's Powai campus in Mumbai accounted for 52 of the patents, the rest came from its Mysore campus. With this,
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ACCOUNTING STANDARDS
Indian Accounting Standards: Some are `very out of date and need to be reworked'
I doubt if anyone is monitoring compliance. Both the SEBI and the MCA do not have the kind of technical staff they need. This is a task that the ICAI cannot do satisfactorily, because there are obvious conflicts.
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COURTS/LEGAL ISSUES
Madras HC says no to leave with pay for local polls
Workers of industrial establishments in Tamil Nadu are not entitled to leave with wages during the local body elections held on October 13 and 15, 2006, the Madras High Court has ruled. The Constitutional provision creating the State Election ...
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RESTRUCTURING
Sical Logistics sells land in Chennai for Rs 40 cr
Moving out of non-core businesses
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MERGERS & ACQUISITIONS
ChrysCapital picks up Mankind stake
ChrysCapital on Saturday announced that it has picked up a minority stake in Delhi-based Mankind Pharma for $24 million. The company would utilise the investment to set up a new research and development facility for formulations ...
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NEW PROJECTS
`Auto sector eyeing Bengal'
West Bengal is gradually emerging as a favourite investment destination for automobile companies. Mahindra & Mahindra (M&M) has tied up with a local company for setting up an automobile manufacturing facility at Haldia, according to the West
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Royal Orchid plans budget hotel chain
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OVERSEAS INVESTMENTS
Oil India, IOC may adopt 2-model approach for buying assets abroad
Approach consists of setting up SPV, consortium
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SOCIETY & DEVELOPMENT
`Make BPO jobs available for rural youth'
Corporate social responsibility initiatives should ensure that rural youth is not deprived of the emerging job opportunities in the BPO and ITES sector, said Ms Sudha Pillai, Secretary, Labour and Employment. While speaking at ...
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INCOME TAX
e-filing of returns mandatory for partnership firms
Electronic filing of income-tax returns has become mandatory for more categories of taxpayers. The Finance Minister, Mr P. Chidambaram, announced on Saturday that all partnership firms liable to tax audit would have to file their returns ...
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OUTLOOK
Rising rupee may have small impact on ONGC
Revenue directly related to global crude price
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