ESOPS
`Doubtful if employers would think of FBT recovery on ESOP'
"In addition, the employers will have to go through the hazard of claiming it as revenue expenditure under the umbrella section 37(1) of the Income-Tax Act. More

INSIGHT
A tryst with trust
People lead their lives on trust relationships. When driving on a road, they trust other people to follow traffic rules. When buying provisions from a grocery stores, they expect quality goods at a price, which ... More

OVERSEAS INVESTMENTS
LifeCell looking at overseas expansion
LifeCell, an integrated umbilical stem cell bank set up by Asia Cryo-Cell Pvt Ltd, plans an investment of Rs 40 - 50 crore over the next two years in stem cell banking, research and therapy. Asia Cryo-Cell, promoted by the founder of ... More

ALLIANCES & JOINT VENTURES
Hindalco, Almex in pact for specialty plant
Will make aluminium for the aerospace sector More

First Serve Toonz, BBC sign deal
First Serve Toonz, the joint venture company between Toonz India Animation and First Serve International, has entered into a deal with BBC for production of a new animation series based on the `Wolverine' character of Marvel ... More

Pritish Nandy, US co sign pact
Pritish Nandy Communications (PNC) has signed a five-film deal with Motion Pixel Corporation (MPC), the Florida-based animation company, with animation studios Estudio Flex in Costa Rica. The deal includes five 3D animated ... More

Avesthagen, AcuNova tie-up
Avestha Gengraine Technologies Ltd and Manipal AcuNova Ltd said they have entered into an MoU to collaborate in a range of competencies from discovery, clinical to regulatory matters. "This partnership will enable them to jointly ... More

VENTURE CAPITAL
Polyclone eyes acquisitions, domestic expansion
Raising $2.5 m in venture capital funds More

OUTLOOK
Dhanwanthari Vaidyasala eyes Rs 30-cr turnover
Company will invest Rs 8 crore in expansion More

PERFORMANCE
RSP achieves record production
Rourkela Steel Plant (RSP) has achieved its best-ever monthly production of hot metal in April. During last month, RSP produced 1,47,200 tonnes of hot metal. This yielded 1,32,590 tonnes of crude steel and 1,17,393 tonnes of ... More

PEOPLE
Top-level changes at Madhucon Group
In top level changes at the Hyderabad-based infrastructure major Madhucon Group, two new Managing Directors have been appointed at Madhucon Projects Ltd (MPL) and Madhucon Granites. While Mr Nama Seethaiah, a civil engineer will be the Managing ... More

Ramesh Rajan to head PwC India
PricewaterhouseCoopers India has a new Chairman and CEO in Mr Ramesh Rajan. His four-year term begins immediately.

More