CORPORATE DISPUTES
Anil's posers to Mukesh on RIL control
THE fight between the two Ambani brothers intensified on Wednesday with Mr Anil shooting off five questions to Mr Mukesh on the controversial issue of management control of Reliance Industries Ltd (RIL), which indirectly gives control over the ... More

Flashback of a flare-up
S. Murlidharan fears that the battle of the RIL brothers can rake up the old question of the role of investment companies in the group More

AUDITING
ICAI to provide support to Nepal counterpart
THE Institute of Chartered Accountants of India (ICAI) would extend support to the Institute of Chartered Accountants of Nepal (ICAN) in a host of areas including the establishment of a peer review mechanism and launch of the Information System ... More

MERGERS & ACQUISITIONS
Komal Chhabria in fray for SWC liquor biz
MS Komal Chhabria Wazir is on the move to keep Shaw Wallace & Co (SWC)'s liquor business within the Manu Chhabria family fold. The 33-year-old second daughter of the Chhabria estate is attempting a leveraged buyout of the country's second-largest More

NEW PROJECTS
Jindal Stainless plans captive thermal unit in Orissa
JINDAL Stainless Ltd proposes to set up a captive thermal power plant to meet its future requirements in Orissa. The power plant will have two modules of 125 MW each - total of 250 MW. The expected date for completion of the first module ... More

SAS Motors plans 2 more assembly lines for Angad
SAS Motors, a low priced tractor manufacturer having managed to market a sub one-lakh model in collaboration with a Chinese major Shandong Shifang, is planning two more assembly lines - one in Hyderabad and the other in West ... More

Tata Steel in talks for 3-mt integrated plant
TATA Steel plans to set up a 3-million-tonnes-a-year integrated steel plant, for which it is in talks with a State Government. Disclosing this here on Tuesday to a team of visiting journalists from Chennai, the Tata Steel Managing Director, Mr ... More

ECS opens Chennai office
ECS, a consultancy in which the Eicher group and US-based Strategic Decisions Group have equal stakes, on Wednesday opened an office in Chennai. This is the consultancy's fourth Indian office. At a press conference, the Chief Executive, Mr Ravi ... More

TRADE & LABOUR UNIONS
Tata Steel to come out of national wage settlement
TATA Steel has decided to come out of the national-level wage settlement arrangement for workers in its collieries and will instead enter into an agreement with the workers on its own. It would also like to exit the tripartite national-level ... More

ALLIANCES & JOINT VENTURES
IOC, Oil India ink pact for overseas exploration projects
IOC has inked a 10-year agreement with oil exploration firm Oil India Ltd (OIL) for foraying into upstream business of oil as well as other related prospects in the hydrocarbon chain. Besides working on oil and gas exploration in India, the two ... More

HPCL in talks with MRPL for LNG terminal
HINDUSTAN Petroleum Corporation Ltd is in talks with Mangalore Refinery and Petrochemicals Ltd to set up a natural gas import terminal at Mangalore. The terminal will have an initial capacity to import 2.5 million tonne liquefied natural gas a ... More

OUTLOOK
We are making the right moves: Khattar
ASK Maruti Udyog's (MUL) Managing Director, Mr Jagdish Khattar, if the company's proposed investments and the increasingly competitive car market could conspire to keep MUL in a high cost environment over the next few years, and he quips, "Tell ... More