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CORPORATE
CORPORATE DISPUTES:
Reliance KG gas at $4.2: Govt
Mumbai, Jan. 13 Natural gas from the Reliance Industries-controlled KG block would be available to all private and public sector at a price not less than $4.20/mmbtu, which has been fixed by the Government, said Mr Mohan Parasaran, ...
CORPORATE GOVERNANCE:
Satyam case referred to Serious Fraud Office
Govt asks the body to submit report in three months. New Delhi, Jan. 13 Getting a clear indication of serious financial irregularities by the erstwhile management of Satyam Computers Services Ltd, the Government has referred the matter to the ...
ANNOUNCEMENTS:
Mahindra unveils multi purpose vehicle Xylo
It costs between Rs 6.24 lakh and Rs 7.69 lakh. Nashik, Jan. 13 Utility vehicle major Mahindra & Mahindra launched its multi-purpose vehicle Xylo at its Nashik plant on ...
OUTLOOK:
Solar Dynasty keen on setting up facility in India
Looking for a 50:50 partner for project. Ahmedabad, Jan. 13 Germany-based research & development company Solar Dynasty is looking for partners in India to set up its first manufacturing facility at a project cost of €50 million, ...
OUTLOOK:
RIL seeks level playing field for restarting petro retail biz
Govt urged to free retail fuel pricing. New Delhi, Jan. 13 Despite the softening of the crude prices, Reliance Industries Ltd (RIL) wants to tread carefully before it re-opens its petroleum retail business. The company on Tuesday asked the ...
OUTLOOK:
Ciba expected to continue contract with Satyam
BP, Nestle keeping options open. Mumbai, Jan. 13 Even as major customers of Satyam Computer Services have started exploring alternative options, Switzerland based specialty chemicals maker Ciba Holding AG is expected to continue its existing ...
MERGERS & ACQUISITIONS:
UB finds Cobra Beer ‘over-valued’
Bangalore, Jan. 13 The £200 million valuation of the UK-based Cobra Beer, which is up for sale, may deter suitors like United Breweries from making a strong bid for ...
CORPORATE GOVERNANCE:
Legal fraternity not impressed
Mumbai, Jan. 13 The Government’s ordering of an investigation by the Serious Frauds Investigation Office (SFIO) into the Satyam accounting fraud has been received with a tinge of cynicism by the legal fraternity and other ...
OUTLOOK:
Megamart scales down expansion plans
Expansion plans for Arvind Brands-owned Megamart may get scaled down in the next two to three ...
OUTLOOK:
Air India unveils further cost-cutting measures
Mumbai, Jan. 13 In an effort to cut costs and streamline operations, national carrier Air India had issued a further set of guidelines for its employees, effective January 1. The earlier guidelines were issued in August ...
RESTRUCTURING:
Divestment in arms weakens Siemens
Kolkata, Jan. 13 Siemens India is being hammered – before the book closure period, which begins January 16, and the AGM on January 30 – for declaring dividend at 150 per cent, said ...
CREDIT RATING:
Rating agencies favour greater due diligence
‘Need to strengthen rating methodology’. Kolkata, Jan. 13 Rating agencies plan to step up their due diligence process and strengthen their rating methodology after the recent Satyam incident, according to senior officials at rating ...
AUDITING:
Price Waterhouse’s pharma clients keeping a close watch
Mumbai, Jan. 13 As investigations are underway into the role of Price Waterhouse in the fraud at Satyam, an element of unease seems to be creeping into the relationship that other companies have with the audit ...
PEOPLE:
Rajat Gupta to stay on EMRI board
Hyderabad, Jan. 13 Including Mr Rajat Gupta, Chairman of the Board of the Indian School of Business (ISB), the existing members of the depleted board of Emergency Management and Research Institute (EMRI), have said that they will stand by ...
DIVERSIFICATION:
Aditya Birla enters private equity biz
Mumbai, Jan. 13 The Aditya Birla Group on Tuesday announced its entry into the private equity business, committing an investment of $ 100 million in its ‘Aditya Birla Private Equity Fund’, which has a targeted corpus of $ 250 ...
REGULATORY BODIES & RULINGS:
Tanfac wins tariff case
Tanfac Industries’ captive power plant is set to turn in higher revenue for the company with the Tamil Nadu Electricity Regulatory Commission ruling in its favour categorising its waste heat recovery from sulphuric acid as ...
NEW PROJECTS:
NTPC board clears Rs 6,000-cr investment
New Delhi, Jan. 13 State-run NTPC Ltd on Tuesday said it will invest Rs 6,037 crore in expansion and renovation schemes at three of its ...
NEW PROJECTS:
Binani Cement inks pact for setting up plant in Gujarat
Mumbai, Jan. 13 Binani Cement has signed a memorandum of understanding with the Gujarat Government to set up a 2.5-million tonne per annum greenfield cement plant in Gujarat at a cost of Rs 825 ...
ALLIANCES & JOINT VENTURES:
Jubilant Biosys ties up with BioLeap
...
ALLIANCES & JOINT VENTURES:
IDFC Projects, BHEL, GSECL to set up thermal plant
Mumbai, Jan. 13 IDFC Projects, BHEL and Gujarat State Energy Company Limited (GSCEL) on Tuesday signed a memorandum of understanding to set up a 1600-MW thermal power plant at Sarkhadi, ...
PEOPLE:
T.R. Prasad quits other boards
The former Union Cabinet Secretary, Mr T.R. Prasad, has quit as director on the boards of several top corporates, following the events at the crisis hit Satyam Computer Services, where he was an Independent ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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