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Govt to tighten disclosure norms for company deposits
Under the existing Act, every company, which accepts deposits is required to inform the Company Law Board (CLB) in case of any default in repayment or interest, within 60 days from the date of the default.
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Bajaj-US agency combine develops hydrogen-run auto
AN Indo-American business alliance forged under the United States-Asia Environmental Partnership (US-AEP) has developed a three-wheeler powered by hydrogen fuel. The vehicle, being exhibited at the annual convention of the Society of Indian ...
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IOC, Caliak to submit bid for 51% stake in Turkish firm
AN Indian Oil Corporation (IOC) team is set to furnish its bid for a 51 per cent stake in Turkish Petroleum Refineries Corporation (Tupras), the Turkish oil refining company, on Friday. According to senior IOC officials, a sub-committee of the ...
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TCS, Infosys clinch deals worth $400 m from ABN Amro
IN one of the biggest global IT outsourcing deals in recent times, Indian vendors Tata Consultancy Services (TCS) and Infosys Technologies have clinched a total of just over euro 300 million ($400 million) worth of business from Dutch financial ...
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Sensex up 70 points, touches all-time high
RECOVERY in the global markets and the easing down of oil prices helped spur domestic bourses on Thursday. The Sensex, which touched an intra-day high of 7,902.19, closed at an all-time high of 7,876.15. This 70.72-point gain in the benchmark ...
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India Inc eyes jatropha farming in a big way
Both public and private sector companies such as Indian Oil Corporation (IOC), IFFCO, ONGC and Emami have approached the Chhattisgarh Government seeking permission for contract farming of this plant, which is a good source of ...
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Chidambaram hints at cut in excise duty on small cars
THE Finance Minister, Mr P. Chidambaram, on Thursday hinted at a possible paring of taxes levied on small cars, in a bid to attract foreign investment to the automobile industry. "The Government is fully aware that companies intending to ...
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Steel majors raise prices
INDIAN steel companies have increased the prices of various steel products by around Rs 500 per tonne on the back of firming international prices. Tata Steel said it has raised the prices of hot rolled (HR) steel products by Rs 500 per tonne on ...
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`Airline pilots have to give 6 months notice before quitting'
THE Government on Thursday made it mandatory for pilots to give six months notice period before quitting any airline. It has been decided by the Government that "any act on the part of pilots, including resignation from the airlines without ...
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Experts fear monsoon running into deficit
CLIMATE experts have aired apprehensions that this year's monsoon could be heading for a deficit, assuming no dramatic reversal in prevailing as well as predicted weather during the remainder of the season. Speaking to Business Line on ...
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New liquid bio-fertiliser formulation developed
TARI Bio-Tech has developed a liquid bio-fertiliser formulation with a shelf life of two years. The product, developed by technocrat Mr R. Kulandaisamy, proprietor of Tari Bio-Tech, is said to be the first of its kind in the country with such ...
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