Business Daily from THE HINDU group of publications
Sunday, April 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, April 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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ACCOUNTING STANDARDS: Who will gain from AS-11 change? Companies that have seen their profits — and, hence, share prices — pummelled by ‘notional foreign exchange losses’ over the last three quarters can heave a sigh of relief. Following the changes in the mark-to-market ... ECONOMIC OFFENCES: Govt probe shows no evidence of Raju lending money to Satyam Ramalinga Raju claimed he had infused Rs 1,230 cr into the company. New Delhi, April 11 The Serious Fraud Investigation Office (SFIO), which is examining the financial fraud committed by erstwhile promoters of Satyam Computer Services, has said ... OUTLOOK: Shipping companies likely to post lower profits in Q4 Freight rates on the downtrend across all sectors, geographies. Mumbai, April 11 Shipping companies are likely to post lower profits for the fourth quarter of 2008-09, as the freight market remained subdued in the wake of lesser movement ... DERIVATIVES MARKETS: How India Inc. handles currency risks The global financial crisis and the economic slowdown have resulted in a high degree of uncertainty and price volatility across all markets — be it the product, labour or financial markets. The currency market has become more volatile on ... ACCOUNTING STANDARDS: What investors should look for AS-11, capitalisation, translation reserve. Plenty of confusing jargon, but what’s the net impact of the recent accounting changes on forex earnings? For the quarter ended March 2009, investors may not only encounter an impact on profits ... AWARDS & HONOURS: ITC Welcomgroup bags award ITC Welcomgroup, the flagship hotels division of ITC Ltd with 90 properties spread across 87 destinations, was adjudged the best Employer in Asia in the hospitality sector by the global human resources consulting and outsourcing firm, ... MERGERS & ACQUISITIONS: Kesoram to merge realty arm with itself Kesoram Industries is merging its realty subsidiary with itself. The subsidiary owns 18.40 hectares of land, which is where Kesoram’s greenfield radial tyre factory in Haridwar district of Uttarakhand is located. The company had bought ... NEW PROJECTS: Siemens facility at Aurangabad Siemens has set up a gas insulated switchgear manufacturing facility at Aurangabad with an investment of Rs 40 crore. The unit will manufacture switchgear products ranging from 72.5 kV to 245kV and later expand production to 420 kV ... RESTRUCTURING: Super Spinning seeks shareholders’ nod to dispose of mill, older unit Coimbatore, April 11 As part of efforts to rationalise its operations, the Coimbatore-based Super Spinning Mills Ltd (SSML) is seeking shareholders’ nod for leasing out/ disposing of a spinning mill in Udamalpet and garment division ... NEW BUSINESS: Alcatel Lucent may bag Bharti contract New Delhi, April 11 Alcatel Lucent is all set to bag a major contract to manage Bharti’s fixed line telephone network in the country. This will be the first time a fixed line telephony player outsources its network management to ... OUTLOOK: Sanghvi Movers sees demand for crane hires Mumbai, April 11 Pune-based Sanghvi Movers will add two high-end cranes to its existing fleet of 327 ... DIVERSIFICATION: Madras Cements to float subsidiary for sugar biz Chennai, April 11 Madras Cements Ltd will float a subsidiary company to set up an integrated sugar plant in ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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