The Hindu Business Line : Friday, January 16, 2009

CORPORATE

AUDITING: Now, a course to make auditors financial detectives!
ACCOUNTING FRAUDS. Mumbai, Jan. 15 The Institute of Chartered Accountants of India (ICAI) wants its members to learn a lesson or two on frauds and forgery; its three-month pilot Certificate Course in Fraud and Forensic Accounting begins on ...

CORPORATE GOVERNANCE: Satyam may need Rs 700-800 cr in January, says Karnik
Company looking at loans on commercial terms. New Delhi, Jan. 15 Satyam Computer Services’ immediate requirement could be close to Rs 700-800 crore, including payment of salaries to employees and outstanding debt, its newly-appointed board ...

NEW PROJECTS: Nano suppliers seek compensation from Tatas
Suppliers worried that only building costs will be returned. Mumbai, Jan. 15 Ancillary suppliers for the Rs 1-lakh Nano, who invested in land and buildings at Singur, are in talks with Tata Motors for a compensation package. A meeting is due on ...

CORPORATE GOVERNANCE: Satyam Computer plummets yet again
As bailout hopes fade. Mumbai, Jan. 15 Satyam shares plunged more than 30 per cent on Thursday after reports that one of the three directors did not seem too keen on a financial bailout package from the ...

OUTLOOK: Hyundai expects Sonata sales to rise with new model
Launch of SUV Santa Fe put off. New Delhi, Jan. 15 Hyundai Motor India Ltd expects sales to jump with the launch of its premium sedan Sonata. The company has set a target to sell around 1,000 units a year of the model. This is a substantial jump ...

OUTLOOK: RIL refinery exports this month
Exports from Reliance Industries Ltd’s (RIL) new refinery at the Jamnagar special economic zone will begin this month. “During the course of this month products are likely to be sold,” Mr P. Raghavendran, President ...

OVERSEAS BORROWINGS: IFC loan for TVS Motor arm
The International Finance Corporation, Washington, is likely to sanction a loan of $12 million to PT TVS Motor Company Indonesia, a subsidiary of TVS Motor Company Ltd. This will be the second loan from the IFC to TVS Motor’s ...

ANNOUNCEMENTS: Mercedes-Benz India to hike prices
Luxury car maker Mercedes-Benz India on Thursday indicated that prices of all its models will be revised upwards from mid-February. Fluctuating input prices and adverse exchange rates have posed severe challenges for margins. “We have ...

CORPORATE GOVERNANCE: Satyam: Govt not looking at direct assistance or bailout for now
New Delhi, Jan. 15 The Government is not looking at any direct assistance or bailout of Satyam Computer Services for now, a top Finance Ministry official ...

OUTLOOK: Slowdown not to hit Adani group’s investment plans
Kolkata, Jan. 15 The economic downturn may not have much impact on Adani Group’s investment plans in power, LNG terminal and oil and gas sectors. The group, however, shelved its plans to invest in an Alumina joint ...

CORPORATE GOVERNANCE: Satyam promoters’ role in 240 entities being probed
Investigators tracking source, transfer of funds. Hyderabad, Jan. 15 Investigating agencies probing into the Rs 7,136-crore financial fraud by Mr B. Ramalinga Raju, the former Chairman of Satyam Computer Services, have stumbled upon about 240 ...

OUTLOOK: Fiat bets big on Linea
Mumbai, Jan. 15 Fiat India Automobiles (FIAL), the 50:50 joint venture between Fiat Auto and Tata Motors, launched the Linea mid-size sedan here on ...

ALLIANCES & JOINT VENTURES: ONGC inks pact with Australian co Arrow Energy
Cooperation in coal bed methane. New Delhi, Jan. 15 ONGC has inked an MoU with Australia’s Arrow Energy for cooperation in the coal bed methane (CBM) ...

CORPORATE BONDS: CBDT nod for IIFCL to issue tax-free bonds
New Delhi, Jan. 15 The Central Board of Direct Taxes (CBDT) has given its nod for India Infrastructure Finance Company Ltd (IIFCL) to issue tax-free bonds to the extent of up to Rs 10,000 crore in the financial ...

MERGERS & ACQUISITIONS: Matrix assigns part of Astrix purchase rights to parent co
Hyderabad, Jan. 15 Matrix Laboratories Ltd has assigned purchase rights for a portion of Astrix Laboratories Ltd to its parent company, MP Laboratories (Mauritius) Ltd, a wholly owned subsidiary of US-based ...

CORPORATE DISPUTES: RIL, RNRL case: Arguments may conclude in a week
Mumbai, Jan 15 The legal arguments in the Reliance Industries Ltd vs Reliance Natural Resources Ltd case in the Bombay High Court have reached final ...

FINANCIAL PERFORMANCE: Sanwaria Agro net down at Rs 3.42 cr
Mumbai, Jan. 15 Hit by a sharp fall in realisations, Sanwaria Agro Oils, soyabean processors and producers of refined soya bean oil, has posted a 78 per cent drop in net profit at Rs 3.42 crore for the quarter ended December 31, against Rs ...

FINANCIAL PERFORMANCE: PFC net up 6% in Q3
New Delhi, Jan. 15 State-owned lender Power Finance Corporation (PFC) has reported a 6 per cent jump in net profits at Rs 339 crore during the third quarter of the current fiscal, as against Rs 320 crore during the same quarter last ...

AWARDS & HONOURS: Dhanam award for IBS chief
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AWARDS & HONOURS: Award for FitnessOne India
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