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Corporate
governance institute planned
New Delhi: The Department of Company Affairs (DCA)
is planning to create a national institute of corporate
governance to ensure professionalism and adherence to
ethical standards in companies, Mr Vinod Dhall, the DCA
secretary, has said.
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Appointment
norms for SEZ managers eased
New Delhi: The Department of Company Affairs (DCA)
has relaxed the current provisions for the appointment
of managerial personnel in order to make the norms more
corporate-friendly for companies in special economic zones.
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High
interest burden bleeds bottomlines hospitals
New Delhi: Out of the 20 listed companies operating
in the diagnostic and medical care segments, eight companies
are reporting net losses despite profitable operations
due to high interest burden and depreciation, says an
ICRA report.
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Ministry
meet to end state power cos' rating row
New Delhi: In a bid to sort out the differences
that have arisen over the rating of the state power utilities,
the central power ministry has convened a meeting of state
power sector officials.
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NTPC
Kayamkulam capacity to go up
New Delhi: The capacity of the Kayamkulam project
of the National Thermal Power Corporation (NTPC) will
be expanded by 1,950 MW, according to Union Power Minister
Anant G Geete. NTPC will set up its own LNG terminal to
take care of the fuel.
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Call
to reduce net worth for pvt health insurers
New Delhi: The government should recognise private
health insurance as a separate line of business distinct
from other non-life insurance and reduce the capital requirement
for it to enter the market from Rs 100 crore to less than
Rs 50 crore, the industry players urge.
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Exports
post 13.5% growth in H1
New Delhi: The downtrend in exports seen in August
2002 continued in September 2002 as well with the month
registering a mere 7.90-per cent growth. As a result,
the first half of this fiscal registered an increase of
only 13.49 per cent, more or less at the same level recorded
during the period ending August.
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