COMPANY LAW
Govt to take up insolvency law issues with industry
THE Government is ready to discuss with trade and industry on the issues concerning the Companies (Second Amendment) Act, 2002, under the existing broad framework. The Act, which deals with the new corporate Insolvency Law, empowers the ... More

ACCOUNTANCY
ICWAI seeks more focus on cost accounting practices
A SECTION of the members of the Institute of Cost and Works Accountants of India (ICWAI) has come up with a list of proposals which they want to be implemented in order to "energise" their profession. The proposals relate to direct and indirect ... More

MERGERS & ACQUISITIONS
iGATE to hike stake in Saint Life Pharma to 100 pc
iGATE Global Solutions plans to convert Saint Life Pharmaceutical Research Laboratories into a wholly owned subsidiary by purchasing 10,000 shares of the pharma research company from individual investors for an undisclosed amount. According to ... More

NEW PROJECTS
Raheja arm sets up shop in Chennai
RMZ Corp, a part of the Raheja Group, which has operations in Bangalore, Hyderabad and Pune, has entered the Chennai market with two customised buildings for IT and information technology enabled services. Mr Christopher de Costa, Executive ... More

Titan to set up facility in Himachal; launches sunglasses
TITAN Industries today said that it is aiming to achieve over 19 per cent growth in sales turnover this year at Rs 1,150 crore, fuelled by its jewellery business (under the Tanishq brand). To take advantage of the excise benefits offered in ... More

ALLIANCES & JOINT VENTURES
Fedtec ties up with Fujitsu Micro to tap STB market
FEDERAL Technologies (Fedtec) has tied up with Fujitsu Microelectronics, a subsidiary of Fujitsu Ltd, to tap the growing set-top box market. The strategic partnership is aimed at maximising the strength of both companies in targeted ... More

SICK UNITS
Thirty months on, Duncans' accounts still being finalised
ACCOUNTS of Duncans Industries Ltd, the flagship company of Mr. G.P. Goenka, have not been finalised for over 30 months and it is unlikely to happen in the near future. The company, a big player in the tea industry with 12 gardens, also owned a ... More

Dunlop plans to re-open Ambattur factory — Settles employees' dues
DUNLOP India Ltd has settled the wage arrears of its workers at the Ambattur factory and plans to reopen in six months, according to Dunlop Factory Employees Union representatives. The factory paid each worker a consolidated amount of about Rs ... More

OUTLOOK
LG Care aims Rs 150-cr revenue
INDIA Household & Healthcare Ltd, better known by its brand name LG Care, hopes to generate a revenue of Rs 150 crore in the current fiscal. The company, which launched a range of consumer products across seven FMCG categories here today, hopes . More

Blue Star expects services business to boost turnover
BLUE Star Ltd expects its services business to buoy turnover in the current year. It has introduced two lines of services - duct cleaning and conversion of CFC-based refrigerants to eco-friendly refrigerants. It has also implemented an ERP ... More

Nicholas Piramal to unveil new growth plan
`Local acquisitions in future will not be to grow in size. Rather, they would be to strengthen the company's base in a given therapeutic area.' More

PEOPLE
`Allow CEOs of MNCs on board of Indian cos'
A QUICK survey undertaken among 100 large-scale corporate houses by the Associated Chambers of Commerce and Industry of India (Assocham) and the Asian Centre for Corporate Governance (ACCG) has found that corporate houses favour the entry of top ... More

TRENDS
Corporates park surpluses in short-term liquid funds
TURBULENT markets and expectations of hardening interest rates are forcing corporates to move funds into short-term liquid funds. Liquid and floating rate funds have been receiving higher inflows with the trend strengthening over the last two ... More