I am not a monopolist, says Srinivasan
Excerpts from India Cements vice-chairman and managing director N Srinivasan interview over the telephone from Hyderabad after he had sewn up the deal with Raasi Cement on Sunday night.
Uptown vocation, avant garde furniture
Furniture is no longer left to the carpenter to design. A whole new vocation has sprung up with the contemporary trend to acquire avant garde furniture. This kind of furniture has turned art functional, blending fine art with applied art. Avant garde furniture is innovative, experimental stressing on individuality. Each item is specially designed and crafted by studio artists.
Engineers take lessons in management
It is time again for engineers and technologists to come together for a few lessons on management. The Seventh Management Programme for Engineers and Technologists (MPT), organised by the Indian Institute of Management Bangalore, is ready to take off on June 15. A six-month programme, the MPT is scheduled to continue up to December 11 this year.
Employees cannot be thrown out by simple notice, rules apex court
The Supreme Court has ruled that the services of a confirmed employee in both the private and government sectors cannot be legally terminated by a simple notice. The ruling was handed down by a division bench comprising Justice S Saghir Ahmad and Justice M J Rao while dismissing a special leave petition (SLP) by Uptron India Ltd challenging a judgment of Allahabad high court.
Ludhiana bourse unveils modified carryforward system
Ludhiana Stock Exchange has become the second bourse in the country to introduce modified carryforward system after Mumbai Stock Exchange. The exchange has also introduced a settlement guarantee fund (SGF). The two new concepts came into existence from April 6. While SGF would guarantee settlement of transactions, the carryforward facility is expected to provide liquidity to the market.
Sebi launches prosecution in 10 cases
In a move aimed at nailing down individuals and entities failing to abide by it's regulatory framework, Sebi has filed criminal complaints and launched prosecution in 10 cases. These cases have been filed against individuals and entities under Section 24 of the Sebi Act, 1992, for violation of the Sebi Act and also under Section 621 of the Companies Act, 1956. Sebi has also lodged criminal complaints against Avinash Magan and 16 other entities who were found guilty of insider trading.
