corporate governance

‘Bad to invest in firms with political ties’


July 23rd, 2012 - 4:21 pm ICT by IANS
Toronto, July 23 (IANS) Politically connected companies with excess cash holdings may be placing political interests before profitability, a study says.The company may pay to invest, but it might be ... Read more...

Posted in Politics |

CBI searches: Jindal Group denies wrongdoing


May 16th, 2012 - 11:51 pm ICT by IANS
Bellary (Karnataka), May 16 (IANS) Steel major Jindal Group Wednesday denied any wrongdoing or indulging in illegal activity even as the Central Bureau of Investigation (CBI) searched offices and houses ... Read more...

Posted in Politics |

Spanish government takes controlling stake in ailing bank


May 10th, 2012 - 12:07 pm ICT by IANS
Madrid, May 10 (IANS/EFE) The Spanish government will nationalize the parent company of Bankia, the country's fourth-largest bank, and plans to inject additional capital into the troubled institution, the ... Read more...

Posted in Business |

PM hopes parliament will pass companies bill ’shortly’


April 13th, 2012 - 8:06 pm ICT by IANS
Gurgaon, April 13 (IANS) Prime Minister Manmohan Singh Friday expressed the hope that parliament will "shortly" pass a pending legislation that, among other things, suggests that large companies keep ... Read more...

Posted in Politics |

Mining magnate launches rival football body in Australia


March 1st, 2012 - 5:17 pm ICT by IANS
Gold Coast, March 1 (IANS) Mining baron Clive Palmer Thursday launched Football Australia to replace his rival Frank Lowy-headed Football Federation Australia (FFA), that has been running the game in ... Read more...

Posted in Uncategorized |

PIA flight full, so two get seats in loo instead


February 15th, 2012 - 2:02 pm ICT by IANS
Islamabad, Feb 15 (IANS) The plane was full but the toilet wasn't. So, throwing all rules and caution to the wind, a Pakistan International Airlines (PIA) captain blithely decided ... Read more...

Posted in Uncategorized |

Indian air carriers should have professional management: Minister


February 7th, 2012 - 7:49 pm ICT by IANS
Chennai, Feb 7 (IANS) Airlines in India should have a professional team for better management, Union Minister for Corporate Affairs M. Veerappa Moily said here Tuesday.When queried about bailing out ... Read more...

Posted in Uncategorized |

CSR spending not mandatory under new companies bill: Moily


February 6th, 2012 - 11:37 pm ICT by IANS
Kolkata, Feb 6 (IANS) Expressing confidence that the new companies bill will be passed in parliament's budget session, Corporate Affair Minister Veerappa Moily Monday said the central government is not ... Read more...

Posted in Politics |

Australian players fear state boards may thwart CA reforms


February 3rd, 2012 - 6:15 pm ICT by IANS
Melbourne, Feb 3 (IANS) Australian cricketers fear that some of the state boards may block the much needed reforms in Cricket Australia (CA).As CA gears up for its first major ... Read more...

Posted in Sports |

Spain unveils new rules to shore up banking sector


February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...

Posted in Business |

Come up with new business plan: Gilani to PIA


December 30th, 2011 - 12:24 pm ICT by IANS
Islamabad, Dec 30 (IANS) Prime Minister Yousuf Raza Gilani has rejected a business plan submitted by the management of the country's floundering national carrier Pakistan International Airlines (PIA) and ... Read more...

Posted in Business |

Social media to drive movement against corruption: Survey


December 11th, 2011 - 4:55 pm ICT by IANS
New Delhi, Dec 11 (IANS) Social networking sites like Facebook, Twitter and Orkut are emerging as an important tool to drive movement against corruption and bring positive change in ... Read more...

Posted in Sci-Tech |

Pakistan pays Rs.1 trillion in energy subsidies


December 4th, 2011 - 12:50 pm ICT by IANS
Islamabad, Dec 4 (IANS) The largest burden on Pakistan's economy is a payment of Rs.1 trillion for the subsidy and losses of state-run power entities in the last four years, ... Read more...

Posted in South Asia |

Have broken no laws, say Airtel, Vodafone


November 19th, 2011 - 4:08 pm ICT by IANS
New Delhi, Nov 19 (IANS) Even as the CBI Saturday raided the offices of telecom service providers Bharti Airtel and Vodafone for alleged irregularities in additional spectrum allocation, the firms ... Read more...

Posted in Sci-Tech |

‘Africa-focussed Indian firms should be aware of regulatory changes’


October 30th, 2011 - 5:00 pm ICT by IANS
New Delhi, Oct 30 (IANS) Indian companies looking to venture into Africa should team up with a local business partner who has a successful track record and is abreast ... Read more...

Posted in Uncategorized |

New competition policy regime from 2012: Moily


October 17th, 2011 - 7:35 pm ICT by IANS
Kolkata, Oct 17 (IANS) A new National Competition Policy that will address issues like wealth creation, inflation and growth is likely to come into effect from next year, union Minister ... Read more...

Posted in Business |

Winter session crucial for corporates: Moily


September 20th, 2011 - 6:41 pm ICT by IANS
Chennai, Sep 20 (IANS) The coming winter session of parliament will be crucial for the Indian corporate sector as a bill on company law will be tabled, and issues like ... Read more...

Posted in Business |

New companies act likely in 2012: Veerappa Moily


September 12th, 2011 - 5:28 pm ICT by IANS
Mumbai, Sep 12 (IANS) India will have a new companies act next year to replace the existing law passed in 1956, union Corporate Affairs Minister Veerappa Moily said here Monday."The ... Read more...

Posted in Uncategorized |

Industry welcomes draft norms for new commercial banks


August 29th, 2011 - 9:04 pm ICT by IANS
Mumbai, Aug 29 (IANS) India Inc. welcomed the draft norms issued by the Reserve Bank of India (RBI) Monday for allotting new banking licenses to the private sector.Broking houses ... Read more...

Posted in Business |

Corporate governance, new companies act top priorities: Moily


July 13th, 2011 - 11:19 am ICT by IANS
New Delhi, July 13 (IANS) Corporate Affairs Minister M. Veerappa Moily took charge of his new portfolio here early Wednesday and said the passage of a new bill to ... Read more...

Posted in Uncategorized |

ICC asks member boards to keep politicians out


June 30th, 2011 - 6:04 pm ICT by IANS
Hong Kong, June 30 (IANS) The International Cricket Council (ICC), in its bid to keep the sports free from government interference, Thursday asked member countries to refrain from appointing politicians ... Read more...

Posted in Sports |

Graft, bureaucracy dent India’s global image: Expert (Lead)


June 9th, 2011 - 5:11 pm ICT by IANS
New Delhi, June 9 (IANS) India will be able to achieve double-digit economic growth only if it reforms its bureaucracy and curbs widespread corruption, both of which have dented the ... Read more...

Posted in Business |

Graft, bureaucracy denting India’s global image (Interview)


June 9th, 2011 - 4:35 pm ICT by IANS
New Delhi, June 9 (IANS) India won't be able to achieve double-digit economic growth unless it reforms its bureaucracy and curbs widespread corruption, both of which have dented the country's ... Read more...

Posted in Business |

India, Holland to work closer on corporate governance


June 8th, 2011 - 12:07 am ICT by IANS
New Delhi, June 7 (IANS) India Tuesday signed an agreement with The Netherlands on strengthening bilateral co-operation in corporate governance and corporate social responsibility.The agreement was signed by Ambassador ... Read more...

Posted in Business |

Can Kamath, the risk taker, change the de-risking mindset in Infosys? (Comment)


May 1st, 2011 - 5:17 pm ICT by IANS
The appointment of K.V. Kamath, the non-executive chairman and ex-CEO of ICICI Bank, as chairman of India's third largest IT company is surely an important milestone in the history of the ... Read more...

Posted in Sci-Tech |

Abu Dhabi Commercial Bank posts $158 mn profits


April 27th, 2011 - 1:00 am ICT by IANS
Abu Dhabi, April 26 (IANS/WAM) The Abu Dhabi Commercial Bank (ADCB) Tuesday posted a net profit of 583 million dirhams (about $158 million) for the first quarter of 2011.Commenting on ... Read more...

Posted in Business |

National panel needed to tackle cyber crime, say experts


April 1st, 2011 - 7:58 pm ICT by IANS
New Delhi, April 1 (IANS) Cyber crime is a major area of concern for corporates, industry experts said Friday and called for creating a national-level agency to ... Read more...

Posted in Sci-Tech |

IGNOU launches full-time MBA course


March 16th, 2011 - 9:51 pm ICT by IANS
New Delhi, March 16 (IANS) The Indira Gandhi National Open University (IGNOU) Wednesday launched a two-year Master's course in Business Administration (MBA) programme in corporate governance, an official said."It ... Read more...

Posted in Uncategorized |

SAIL to surpass sales target in 2010-11


March 15th, 2011 - 8:25 pm ICT by IANS
New Delhi, March 15 (IANS) The government-run Steel Authority of India Limited (SAIL) is set to surpass its production target for the current fiscal (2010-11) by over four percent on ... Read more...

Posted in Business |

Highlights of Union Budget 2011-12


February 28th, 2011 - 12:55 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.Highlights of Union Budget 2011-12 are as follows:GDP rises by 8.2 per cent ... Read more...

Posted in National |

Experts named for Cricket Australia’s state-based structure review


February 9th, 2011 - 2:28 pm ICT by ANI
Sydney, Feb 9(ANI): Cricket Australia (CA) has said that corporate experts David Crawford and Colin Carter would assist with the review of the body's state-based structure.According to the Age, there have been ... Read more...

Posted in Sports |

MindTree co-founder chairman quits


January 29th, 2011 - 12:10 am ICT by IANS
Bangalore, Jan 28 (IANS) Leading IT consultancy and product engineering services firm MindTree Ltd co-founder Ashok Soota Friday resigned as the chairman and the member of the board here.In a regulatory filing, ... Read more...

Posted in Business |

Kiran Karnik joins Attero Recycling Board as first ‘Independent Director’


January 28th, 2011 - 4:59 pm ICT by ANI
New Delhi, Jan 28 (ANI): In a significant development in the rapidly evolving e-waste recycling sector, former National Association of Software and Services Companies (NASSCOM) President Kiran Karnik has joined the Attero ... Read more...

Posted in National |

BCCI maintains total transparency on IPL: Amin


January 9th, 2011 - 9:18 pm ICT by IANS
Bangalore, Jan 9 (IANS) Indian Premier League (IPL) chairman Chirayu Amin Sunday denied that Chennai Super Kings owner N. Srinivasan had an edge over the other team owners as he is also ... Read more...

Posted in Sports |

Companies Bill to be tabled in budget session: Khurshid


December 17th, 2010 - 9:45 pm ICT by IANS
Mumbai, Dec 17 (IANS) The revised Companies Bill will be tabled in parliament in the coming budget session, Minister of State for Corporate Affairs Salman Khurshid said here Friday. "Views of many ... Read more...

Posted in Business |

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