Company and Industry News

KPMG adjudged India’s indirect tax firm of the year

KPMG has been named India’s indirect tax firm of the year at the International Tax Review’s fourth annual award ceremony held in Singapore recently.

ArcelorMittal short-lists sites in Karnataka

ArcelorMittal has short-listed some sites in northern Karnataka for its proposed steel plant involving nearly Rs 30,000 crore investment.

L&T has 6,000 mw power projects

L&T has 6,000 MW power projects on hand and they are at various stages of implementation.

Tata Motors Q2 net profit at Rs 22 cr

Home-grown auto firm Tata Motors reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

RCoM unveils 1 paise per SMS

Reliance Communications introduced 1 paise per SMS plan.

Sustainability Awards 2009 felicitate corporates

Babrala Plant, Tata Chemicals Ltd has bagged the Sustainability Prize (independent unit) this year. Sustainability Awards 2009 given by the CII-ITC Centre of Excellence for Sustainable Development felicitated 21 firms in all.

Pvt oil firms seek freeing of fuel prices

Private oil firms pitched for freeing of petrol and diesel prices to give consumers a choice.

Dubai concerns not to impact India: Govt

Notwithstanding the UAE being India's top destination for exports, Govt put up a brave face.

Hindalco closes QIP issue

Hindalco Industries Ltd, said it has fixed Rs 130.90 a piece as the issue price for QIP.

Rel Capital to acquire Quant Capital

Reliance Capital said it will acquire brokerage and equity research firm Quant Capital.

Six infra industries expand by 3.5%

India's key infrastructure industries rose by 3.5 per cent in October.

Poor economy no excuse for lay-offs: Murthy

Infosys' Chief Mentor said companies must embrace fairness, transparency and accountability to their stakeholders and employee.

Satyam case: Hearing to be on Dec 9

A court hearing the alleged Satyam accounting scam, posted the hearing to December 9.

Study on challenges faced by biz women

FICCI Ladies Organization, has released a study on marketing achievements faced by women entrepreneurs.

Forbes names Raju as world’s 4th most outrageous CEO

Ramalinga Raju, the founder-chairman Satyam Computers has been named as the world’s fourth most outrageous CEOs.

Tata Steel Q2 consolidated net loss at Rs 2,719-cr

Tata Steel Group reported a net loss of Rs 2,719.8 crore for Q2 FY'10.

Jet, Kingfisher code sharing talks 'still on'

Jet Airways is still in talks with the Vijay Mallya-led carrier for code sharing and other initiatives.

Paramount plans 4-fold fleet expansion

Paramount Airways is planning to increase its fleet fourfold by 2011 to 20 air planes.

Rel Life plans to trim expense ratio

Reliance Life is planning to increase focus on trimming its major expense heads.

Ratan Tata to address Taj employees

Ratan Tata will address staff of the Taj Mahal Palace & Tower Hotel and say a short prayer.

Dell's India sales grow 17% in July-Sept quarter

Dell said it has seen 17 pct growth in sales in India during July-September.

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