KMPG takes over Andersen Consulting
New Delhi: Ending months of speculation, Andersen Business Consulting has finally been taken over by KPMG. An MoU to this effect was signed on Friday, effective March 1, '03. Narayan Seshadri, head, Andersen Business Consulting, has been named head of business advisory services at KPMG.
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Dividend watch: Few corporates declare payouts
Mumbai: Corporates are in no rush to declare interim dividend this financial year even as both the government and the Securities and Exchange Board of India (Sebi) fear a repetition of last year's scenario when companies rushed to make dividend announcements to avoid paying taxes.
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Case against cell operators over limited mobility — Reliance joins race in the last lap
Mumbai: Reliance Infocomm Ltd, which has been keeping a low profile in the legal battle between private cellular operators and the Department of Telecommunications (DoT) over the legality of limited mobility services, has officially jumped into the frayjust a week before the Telecom Dispute Settlement Appellate Tribunal (TDSAT) is due to conduct its final batch of hearings starting March 17.
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ONGC awaits Cabinet nod for VRS plan
New Delhi: A vouluntary retirement scheme (VRS) of Oil & Natural Gas Corporation (ONGC) has been sent to the Union Cabinet for its approval.
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Bharti Cellular NCD taken off rating watch
Mumbai: Credit Rating Information Services of India (Crisil) has reaffirmed the A+ rating for Bharti Cellular Ltd's Rs 175-crore non-convertible debenture programme and removed it from `rating watch with developing implications.'
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Repeal of sick industrial cos Act may become reality soon
New Delhi: The apprehensions regarding the fate of the Board for Industrial and Financial Reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) seem to have been cleared by the Standing Committee on Finance.
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Delta Papers may foray into power, sugar
Hyderabad: Aimed at attaining optimum utilisation of various by-products and recyclable waste, Delta Paper Mills Ltd (DPML), a leading manufacturer and marketer of different kinds of papers, is planning to diversify into generation and distribution of power, manufacture of sugar and ice.
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Jet carries 6 m passengers in single fiscal
Mumbai: Jet Airways for the first time in its decade-long existence has carried six million revenue passengers in a single financial year. For the month ofMarch, the airline has registered a cumulative load factor of 69 per cent overall and 34 per cent for Club Premiere.
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