The Hindu Business Line : Sunday, August 22, 2004

COMPANY LAW
Audit panel must have at least 2 independent directors: Concept Paper
AUDIT committees of public companies may have more teeth in the coming days. The Concept Paper for a new Companies Act has recommended that an audit committee should have at least two independent directors. Currently, the Companies Act does not ... More

Falsification of banks of accounts — Panel wants Govt to revisit Budget proposal
A PARLIAMENTARY committee has advised the Government to revisit or amend the Budget proposal on falsification of books of accounts or document, stating that such a provision can cause undue harassment or anguish to the honest and good intentioned ... More

COURTS/LEGAL ISSUES
Sun Pharma in patent infringement case
DESPITE the patent-challenge strategy for the US generic drugs market being fraught with litigation, Indian drug companies do not seem to have entirely given up this option. The most recent example is Mumbai-based Sun Pharma — whose recent ... More

CORPORATE GOVERNANCE
Business ethics can enhance bottom lines
FOR KPMG's Dipankar Gupta, the academic-cum-consultant who virtually founded the consultancy's Business Ethics and Integrity division, corporate ethics does not mean standing on a pulpit, sermonising and taking the high moral ground. He ... More

ALLIANCES & JOINT VENTURES
Metropolis expands into radiology thru jt venture
Another focus area for DCA Metropolis will be tele-radiology, wherein it will try to get hospitals in the US and the UK to outsource its radiological reports to India. More

DIVERSIFICATION
Ellora Time to diversify into vitrified tiles, CFLs
ELLORA Time Ltd, the world's largest manufacturer of clocks, has decided to diversify into vitrified tiles and compact fluorescent lamps (CFLs). The company is investing nearly Rs 350 crore in a new facility near Kandla Port in Gujarat that ... More

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Steel makers unhappy over import duty cut

Forex reserves dip by $14 million

Looking back
Aug. 15-Aug. 21
Wipro eyes acquisitions to grow FMCG business

ONGC hopes to strike gas on East Coast

ESPN-Star, Zee in slanging match over cricket telecast

ONGC to enter petrol retailing by fiscal-end

TNPL plans to expand capacity — To invest Rs 595 cr