The Hindu Business Line : Tuesday, June 14, 2005

Foreign forays
THE ANNOUNCEMENT BY the Tata group of plans to invest in a steel and mining project in Iran is but part of a broader trend of Indian enterprises aggressively acquiring old assets or creating new ones abroad. The amounts involved, for now, may ... More

CORPORATE

Mergers and machismo — Are takeover chiefs acting rationally?
WHY are some corporate heads so gung-ho about mergers and acquisitions (M&A) when the empirical evidence available strongly suggests that the value created by these exercises accrues almost completely to shareholders of More

ECONOMY

Openness for efficiency
Competition, whether between domestic firms or with foreign enterprises, helps promote technical efficiency, by the selection of the best method of production of all the alternatives available and also economic efficiency, by operating at the right s cale of production that ensures the minimisation of average cost of production, says Bhanoji Rao. More

PETROLEUM

A future without oil
Increasing the fuel efficiency of vehicles and boosting the use of alternative fuels are some of the options in the effort to reduce dependence on oil. Some auto and energy companies are experimenting with biofuels, made from renewable resources such as agricultural crops or waste. More

HUMAN RESOURCES

New system makes the grade — Assessing IAS officers
The `Performance Appraisal Report', a new annual scheme for assessing IAS officers, will replace the Annual Confidential Reports in other public services too. More

LETTERS

OTC drugs

Cash transaction tax

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