COURTS/LEGAL ISSUES
Polishing granites is not manufacture: HC
GRANITES are hard to digest, and so is a recent decision of the Madras High Court, if you were to view it from the angle of granite companies. The case between the Commissioner of Income-Tax and Vijay Granites P Ltd was whether cutting and ... More

`NCLT will benefit company secretaries'
THE National Company Law Tribunal (NCLT) would provide tremendous opportunities for company secretaries, according to Mr S Balasubramanian, Chairman, Company Law Board (CLB). Inaugurating a national seminar on NCLT organised by the Institute ... More

IPR

RESTRUCTURING
Godfrey Phillips India may hive off overseas operations
CIGARETTE manufacturer, Godfrey Phillips India (GPI), said it may consider hiving off its newly created international operations into a separate company once its business activities in the overseas markets attained a critical mass. GPI ... More

ALLIANCES & JOINT VENTURES
Mediciti, National Insurance plan new health package
MEDICITI Hospitals, National Insurance Company and the Pune-based MD India Health Care have joined hands to offer an attractive health insurance package, which would also cover pre-existing illnesses with certain conditions. The premium for the ... More

ECONOMIC OFFENCES
Veils that volumes speak of
LIFTING the veil might have pushed Mehbooba into notoriety, but accountants and judges are no strangers to the art. Only, it is `corporate veil' they get busy with when mischief is smelt behind a company form. A celebrated case that law students ... More

TRENDS
As treasury incomes shrink — Cash-rich companies head for cover
AS a conservative investor parking your savings in bonds, you may be feeling the pinch of dwindling returns. You are not alone. Some of the country's most affluent companies such as Hindustan Lever, Infosys, VSNL and ITC, who park their large ... More