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Talks with contributors of UTI soon
Mumbai: According to senior
officials, talks will have to be initiated with the institutions also on the
extent of their contributions to the shortfall in the assured return schemes of
UTI.
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CII
survey says outlook is upbeat
New Delhi: A sectoral analysis of the responses to the business outlook
survey conducted by the Confederation of Indian Industry shows a sense of
optimism in the next six months cutting across all sectors.
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IRDA
upset with RBI on foreign cover for SEZ units
New Delhi: The Insurance Regulatory and Development Authority has raised
with the Reserve Bank of India the rationale behind its notification permitting
domestic property to be insured abroad.
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BSNL
still doesnt hold the Navaratna status
New Delhi: In what could affect the competitiveness of the public sector
major Bharat Sanchar Nigam Ltd, the proposal to grant it navaratna status has
got delayed.
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Channels
play slow when it comes to sports
New Delhi: Indias major sports channel groups, Ten Sports, DD Sports,
ESPN-Star Sports and SET Max, are likely to face a quaint situation of having a
lot of sports programming, but little chance of scoring goals during the
Football World Cup. Ten Sports has got the biggest blame for failing to deliver
the worlds greatest event to many an Indian household.
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ISRO
plans to build reusable launch vehicle
Bangalore: The GSLV is as good as achieved and a moon mission is round
the corner sometime this decade; ISRO is now dreaming of building a reusable
launch vehicle (RLV). An RLV is also what everyone in the small spacefarer club
is feverishly working at.
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IDBI,
IFCI set to recover dues
Mumbai: IDBI has 15 defaulters who owe the institution more than Rs 100
crore, while IFCI has to recover Rs 100 crore each from 18 defaulters. Now they
are determined to recover the dues.
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Visa
hassles to affect Indian IT industry
New Delhi: Many IT executives are known to be postponing their foreign
visits for the time being rather than face delays in getting visas.
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Modified
ICAI standards on building contracts
New Delhi: The Institute of Chartered Accountants of India has issued a
revised accounting standard on construction contracts. This standard is applied
in accounting for construction contracts in the financial statements of
contractors.
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Assocham
for change in creeping acquisition rules
Mumbai: Acquisition of shares by promoters within the creeping limits of
the takeover code should be pre-notified to the stock exchanges, the Associated
Chambers of Commerce and Industry of India has said.
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DCA
inspection reports of 82 firms
New Delhi: The Department of
Company Affairs has submitted inspections reports on 82 companies to the Joint
Parliamentary Committee enquiring into the stock market scam of 2001.
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IISCO
privatisation move gets a boost
Mumbai: Privatisation
of Indian Iron and Steel Company seems to be on the anvil with the cabinet
committee on economic affairs proposing to clear a revival package for the sick
company.
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Corporate
governance in co-op banks mooted
New Delhi: At
the instance of the Confederation of Indian Industries and Sebi, joint stock
companies, which are registered under the Companies Act, have evolved a set of
procedures for corporate governance.
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Banks
suspend credit facilities to Pennar firms
Mumbai: Adding to the woes of two of the ailing Pennar group companies -
Pennar Aluminium Company Ltd (Palco) and Pennar Profiles Ltd - financial
institutions and banks have suspended credit facilities.
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Embark
Immigration starts Kolkata operations
Kolkata: IT professionals, accountants, engineers, technicians and
teachers are among the people who are welcome as immigrants to Canada, says Ron
Choudhury of Embark Immigration Consultants and Services, Canada.
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BoB to
concentrate on branding, HR
Mumbai: Bank
of Baroda is all set to change its colour and don a sleeker look. The bank is
launching a major branding and HR blitzkrieg to change the look as well as the
mindset of its staff, to act and think like the savvier MNC or Indian private
banks.
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