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CORPORATE
CORPORATE GOVERNANCE:
Maytas Infra given more time to reply
New Delhi, Feb 20 The Company Law Board has given Maytas Infra Ltd, promoted by the family of Mr B. Ramalinga Raju, additional time till February 26 to submit its reply. The CLB was to hear, on February 24, an application moved by the ...
OUTLOOK:
‘Toyota going ahead with compact car’
Pune, Feb. 20 Globally most new car projects announced earlier by Toyota Motor Corporation are under reconsideration, and the India-specific compact car is the only confirmed project and is very much on track, Mr Hiroshi Nakagawa, ...
OUTLOOK:
Nano plant on track, likely to be in place by end-Nov
First car from Sanand to roll out in 2010. The construction of Tata Motors’ Nano plant in Sanand, Gujarat is in full swing and critical infrastructure will be in place by end-November, top sources told ...
OUTLOOK:
Ford India to export small cars from mid-2010
Small car engine to be made at the upcoming plant. Chennai, Feb. 20 Ford India will commence export of small cars from the middle of next year, beginning with a few Asia-Pacific and African ...
TRENDS:
Companies see benefits of team work to navigate crisis
Investing in honing employee skills; customer retention a key focus. Chennai, Feb. 20 Whether it is Caterpillar Inc, a manufacturer with a presence in 50 countries, Thermax Ltd, a leader in the domestic market, or Consolidated Construction ...
FINANCIAL PERFORMANCE:
ABB’s net up 6.8% with strong order backlog
Fresh orders fall 37% in Q4. Bangalore, Feb. 20 A strong order backlog helped ABB contain deeper impact on its steep fall of 37.1 per cent in fresh orders for the fourth quarter December 2008 even as the power and automation technologies company ...
REGULATORY BODIES & RULINGS:
Aurobindo gets nod for HIV drug
Aurobindo Pharma Ltd has received tentative approval for Tenofovir Disoproxil Fumarate tablets in 300 mg dosage from the US Food & Drug Administration (USFDA). It is the generic equivalent of Gilead Sciences Inc. Viread tablets 300 mg and ...
MERGERS & ACQUISITIONS:
LGB Forge to consider merger
The board of directors of LGB Forge Ltd, formed after the auto component maker LG Balakrishnan & Bros Ltd (LGB) demerged its forging operations into a separate company, is to consider a proposal for merger with an unlisted company to improve ...
PEOPLE:
New directors on Geojit board
Geojit Financial Services has appointed Mr Manoj Joshi, Managing Director, Kerala State Industrial Development Corporation Ltd, as the nominee director of KSIDC on the company’s board. Mr Joshi replaces Mr P.H. Kurian, former Managing ...
ALLIANCES & JOINT VENTURES:
YES Bank, Zameen Organic tie up
YES Bank has tied up with Zameen Organic to support fair trade movement and production of eco-friendly organic cotton. The tie-up aims to create equal opportunities for producers and workers, especially the economically marginalised ones. ...
PERFORMANCE:
Lower net sales may impact Bhilai Steel profit
Bhilai, Feb. 20 Bhilai Steel Plant (BSP) is to post a lower profit in 2008-09 compared with 2007-08. The extent of drop is estimated to be around 15 to 20 per ...
ANNOUNCEMENTS:
Geojit launches property services division
Kochi, Feb. 20 Geojit Financial Services has announced the launch of its Property Services Division offering investors and builders a single platform to buy or sell office and commercial spaces and residential apartments or ...
ACCOUNTING STANDARDS:
TRAI asks DoT to examine Bharti’s long distance revenue reporting
New Delhi, Feb. 20 Telecom Regulatory Authority of India has asked Department of Telecom to examine Bharti Airtel’s revenue reporting in the long distance telephony ...
CORPORATE GOVERNANCE:
Crisil finds weak corporate governance structures in IPO cos
Posers on board quality, directors’ independence. Mumbai, Feb. 20 A Crisil report on recent IPOs says that half of them were issued by companies with weak corporate governance ...
OUTLOOK:
SkodaIndia to roll out pre-owned car business in new format
Spare parts warehouse in Aurangabad coming up. Pune, Feb. 20 Automaker SkodaIndia is set to launch a car exchange programme in a new format that is bigger and different from Signature, its existing pre-owned car business, and is working on ...
AUDITING:
Satyam case: Hearing of PW partners’ bail plea posted to Feb 24
Hyderabad, Feb. 20 A city court on Friday deferred the hearing on the bail petitions filed by the two suspended Price Waterhouse (PW) partners, Mr S. Gopalakrishnan and Mr Talluri Srinivas, to ...
OUTLOOK:
Tata Power to generate 25% of output from green sources
Mumbai, Feb. 20 In the next 10 years, Tata Power Company Ltd plans to produce 25 per cent of its total power output from renewable energy ...
NEW PROJECTS:
Annex Glass setting up 2 units in AP
Visakhapatnam, Feb. 20 Annex Glass Industries is setting up two glass processing units in Andhra Pradesh – one at Chevella in Ranga Reddy district and the other at Gambhiram in ...
NEW PROJECTS:
NTPC suspends work at Loharinag-Pala project
New Delhi, Feb. 20 State-run NTPC Ltd on Friday said that work on its 600 MW Loharinag-Pala Barrage Project on the Bhagirathi river has been suspended in the wake of protests by environmentalist and former IIT professor Mr G.D. ...
HUMAN RESOURCES:
More companies to freeze executive pay this year: Mercer study
Bangalore, Feb. 20 Taking a hard look at executive compensation, about 35 per cent of companies participating in a Mercer executive remuneration survey indicated that they expect to freeze base pay for executives this ...
SOCIETY & DEVELOPMENT:
Meet lays stress on biz social responsibility
Hyderabad, Feb. 20 Corporate excellence is not compliance of laws and administration, but the entire system has to be value driven, Mr P.L. Sanjeev Reddy, former Secretary, Union Ministry of Corporate Affairs, said here ...
CORPORATE GOVERNANCE:
Mr Jagan Nathan Vaman, CEO - Secude India; St. Mary's Institute of Management Studies, Chennai
Students urged to create a culture of risk awareness. Chennai, Feb. 20 While the wrongdoings of the CEO of Satyam and the constitution of a new board has received ample media coverage, it remains to be seen how the new set-up safeguards the ...
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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