The Hindu Business Line : Sunday, March 08, 2009

CORPORATE

MERGERS & ACQUISITIONS: Sterlite to buy out Asarco at lower cost in a new deal
Copper price crash helps reduce acquisition costs by $900 m. Mumbai, March 7 Vedanta Resources group company Sterlite Industries has signed a new agreement with copper mining company Asarco of the US to buy its operating assets for ...

FINANCIAL PERFORMANCE: Satyam gets time till March 31 to restate Q3 numbers
Hyderabad, March 7 Satyam Computer Services, which has got the SEBI clearance to go ahead with global bidding to induct a strategic investor, has sought time till March 31 to announce the results of third quarter ended December ...

PERFORMANCE: Sensex picture better on consolidated results
BL Research Bureau Leading Indian companies reported better growth based on their consolidated operations for the December quarter than they did on a standalone ...

HUMAN RESOURCES: Corporate India looks at pruning executive salaries
Bid to counter economic slowdown. Chennai/Mumbai, March 7 Corporate India is now looking at cutting executive salaries as it continues to grapple with the economic slowdown and come up with ways to ...

PERFORMANCE: Slowdown hits carbon credits earned by Indian cos
United Nations body also makes norms more stringent. New Delhi, March 7 The economic slowdown, visible through the drop in industrial production in the past few months, also seems to be affecting the ability of the companies to generate carbon ...

NEW PROJECTS: Tata Metaliks unit to start production from April
To annually produce 1.1 lakh tonnes of ductile iron pipes in phase I. Kharagpur, March 7 Tata Metaliks Kubota Pipes Ltd (TMKPL), a 51:44:5 joint venture between pig iron manufacturer Tata Metaliks Ltd (TML), Japan’s Kubota Corporation and ...

PERFORMANCE: ‘We have faced worse travails’
Berkshire Hathaway Inc. reported the biggest decline in its book value ever since Mr Warren Buffet took over in 1965. The Oracle of Omaha, in his annual letters to the shareholders of Berkshire revealed a 9.6 per cent loss in ...

PERFORMANCE: FDI companies clock lower growth rate in profits in 2006-07
Foreign Direct Investment (FDI) companies experienced lower growth rates in gross profits and profits after tax compared with those of non-FDI companies during ...

PEOPLE: New MD for Diageo India
Diageo said that it has appointed Mr Roland Abella as Managing Director of its Indian operations. Mr Abella replaces Mr Asif Adil who has resigned from the company. Diageo’s Asia-Pacific President, Mr John Pollaers, who is visiting India, ...

PEOPLE: Appointments at Bharti Enterprises
Bharti Enterprises has announced two senior level group appointments. Mr David Rebello has been appointed Chief Executive Officer, Bharti Realty Pvt Ltd, the real estate arm of Bharti group. Mr Rebello will be responsible for the overall ...

ANNOUNCEMENTS: Tata Metaliks shelves Rs 800-cr diversification plan in Bengal
Kharagpur, March 7 Tata Metaliks Ltd (TML) has shelved the Rs 800-crore diversification plan of its pig iron unit at Kharagpur in West ...

CORPORATE DISPUTES: Fresh twist to RIL, NTPC gas supply pact
Mumbai, March 7 Reliance Industries is reportedly willing to supply gas to NTPC at the Government-fixed rate of $4.20 an mmbtu, according to top sources. However, if this was to happen, NTPC must withdraw the pending case in the Bombay ...

COURTS/LEGAL ISSUES: Ramalinga Raju’s custody extended
Hyderabad, March 7 A city court on Saturday extended the judicial remand of the former Chairman of Satyam Computer Services, Mr B. Ramalinga Raju, by another ...

AWARDS & HONOURS: Rousdon Mullai gets Golden Leaf
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