http://www.financialexpress.com The Financial Express Online Edition en-us Fri, 20 Nov 2009 08:23:56 GMT Fri, 20 Nov 2009 08:23:56 GMT http://www.expressindia.com/syndications/ The Indian Express Group editor@expressindia.com (Editor) admin@expressindia.com (Admin) http://www.financialexpress.com/news/Kushinagar-airport-gets-Centre-nod-to-invite-bids/544270/ A committee headed by the infrastructure and industrial development commissioner has cleared request for qualification and request for proposal for the project and the document now awaits nod from the state Cabinet before the bid process is set in motion. http://www.financialexpress.com/news/Kushinagar-airport-gets-Centre-nod-to-invite-bids/544270/ http://www.financialexpress.com/news/Kushinagar-airport-gets-Centre-nod-to-invite-bids/544270/ http://www.financialexpress.com/news/Bhels-Singur-plan-was-not-feasible/544266/ Bharat Heavy Electricals Ltd's inability to set up a power plant at Singur may have put the Left Front government on the backfoot, but experts point out the project was a non-starter for a variety of reasons - availability of adequate land and coal supplies being the foremost ones. http://www.financialexpress.com/news/Bhels-Singur-plan-was-not-feasible/544266/ http://www.financialexpress.com/news/Bhels-Singur-plan-was-not-feasible/544266/ http://www.financialexpress.com/news/Centre-okay-with-Boeing-aircraft-to-replace-ageing-IL76-fleet/544262/ Keen on replacing the ageing Russian IL-76 transport aircraft in the Indian Air Force (IAF), the ministry of defence has approved in principle the purchase of the US-based Boeing's C-17 heavy-lift Globemaster III. The deal is worth over $2 billion. http://www.financialexpress.com/news/Centre-okay-with-Boeing-aircraft-to-replace-ageing-IL76-fleet/544262/ http://www.financialexpress.com/news/Centre-okay-with-Boeing-aircraft-to-replace-ageing-IL76-fleet/544262/ http://www.financialexpress.com/news/Govt-finds-way-out-of-sugarcane-impasse/544260/ Opposition parties tasted sweet victory on Friday as the government buckled under pressure to amend its sugarcane ordinance. It will bring forward a Bill that will allow states to fix a higher price for sugarcane than that fixed by the Centre without having to own up liability for the price difference. http://www.financialexpress.com/news/Govt-finds-way-out-of-sugarcane-impasse/544260/ http://www.financialexpress.com/news/Govt-finds-way-out-of-sugarcane-impasse/544260/ http://www.financialexpress.com/news/Complexity-of-culture/544257/ Say the word 'culture' around people familiar with merger and acquisitions and you are likely to get two reactions, one, everyone will acknowledge how important culture is to the success of the deal and will subsequently give you a harrowing example of the consequences of a cultural misalignment that they witnessed or experienced. http://www.financialexpress.com/news/Complexity-of-culture/544257/ http://www.financialexpress.com/news/Complexity-of-culture/544257/ http://www.financialexpress.com/news/Reverse-innovation-is-not-just-optional-it-is-oxygen/544255/ When Vijay Govindarajan joined General Electric as its chief innovation officer two years ago, he says, he took it up more as a student. http://www.financialexpress.com/news/Reverse-innovation-is-not-just-optional-it-is-oxygen/544255/ http://www.financialexpress.com/news/Reverse-innovation-is-not-just-optional-it-is-oxygen/544255/ http://www.financialexpress.com/news/FE-Editorial-Capital-ideas/544248/ The slush of global liquidity has had one unintended consequence: the creation of bubbles in asset prices. India has absorbed a huge surge in capital inflows over the last few months, mostly into the stock market, which has recorded a 100% rise in the same period. http://www.financialexpress.com/news/FE-Editorial-Capital-ideas/544248/ http://www.financialexpress.com/news/FE-Editorial-Capital-ideas/544248/ http://www.financialexpress.com/news/Four-US-firms-on-RILs-radar/544334/ Reliance Industries Ltd, which is eyeing multi-fold growth and a more widespread global footprint, is targeting US oil refining & marketing companies like Tesoro Corp, Delek US Holdings, Sunoco Inc and Valero Energy Corp for possible acquisition, says Macquarie Research in a new report. The acquisition target so far doing the rounds was troubled petrochemical major LyondellBasell, which is going through a reorganisation under the protection of a US court. http://www.financialexpress.com/news/Four-US-firms-on-RILs-radar/544334/ http://www.financialexpress.com/news/Four-US-firms-on-RILs-radar/544334/ http://www.financialexpress.com/news/PE-firms-target-nonfinancial-sectors-to-recruit-top-brass/544323/ In a departure from a long-standing trend, private equity firms are zeroing in on industries like manufacturing and services in their hunt for chief executive officers (CEOs), managing directors and other senior executives, thus deviating from the traditional practice of searching from within the financial sector. http://www.financialexpress.com/news/PE-firms-target-nonfinancial-sectors-to-recruit-top-brass/544323/ http://www.financialexpress.com/news/PE-firms-target-nonfinancial-sectors-to-recruit-top-brass/544323/ http://www.financialexpress.com/news/JSW-seeks-partners-for-alumina-cement-plans/544313/ Hit by the economic slowdown and a shortage of funds, the $3.7-billion JSW Group is now looking for partners for its greenfield projects in alumina and cement. The company has taken the first step in its endeavour of partnership by collaborating with Japanese steel major JFE Steel Corporation on Thursday for its Rs 35,000-crore, 10 mtpa West Bengal project. http://www.financialexpress.com/news/JSW-seeks-partners-for-alumina-cement-plans/544313/ http://www.financialexpress.com/news/JSW-seeks-partners-for-alumina-cement-plans/544313/ http://www.financialexpress.com/news/200-bn-possible-from-PSU-stake-sale/544299/ India's public sector undertakings have a combined value of $300-400 billion which means by disinvesting half of its stake in them, the government could raise roughly $200 billion, reason enough for it to embark on a more ambitious disinvestment programme, the 13th Finance Commission has said. http://www.financialexpress.com/news/200-bn-possible-from-PSU-stake-sale/544299/ http://www.financialexpress.com/news/200-bn-possible-from-PSU-stake-sale/544299/ http://www.financialexpress.com/news/Now-an-info-desk-to-make-NPS-popular/544285/ In a bid to popularise the New Pension Scheme amongst private citizens, the Pension Fund Regulatory and Development Authority is planning to set up an NPS Information Desk. http://www.financialexpress.com/news/Now-an-info-desk-to-make-NPS-popular/544285/ http://www.financialexpress.com/news/Now-an-info-desk-to-make-NPS-popular/544285/ http://www.financialexpress.com/news/Asia-looks-at-capital-controls-to-curtail-hot-money-inflows-asset-bubble/544278/ Asian policy makers are studying capital controls to limit 'hot money' inflows that may stoke asset bubbles and force their currencies to appreciate. Officials from India, South Korea and Indonesia are among those expressing concern over overseas capital stoking stock and real estate prices. http://www.financialexpress.com/news/Asia-looks-at-capital-controls-to-curtail-hot-money-inflows-asset-bubble/544278/ http://www.financialexpress.com/news/Asia-looks-at-capital-controls-to-curtail-hot-money-inflows-asset-bubble/544278/ http://www.financialexpress.com/news/Molasses-export-ban-stays-UP-abolishes-toll-tax/544271/ The Uttar Pradesh government on Friday decided to continue ban on the export of molasses outside the state for the second year in succession. Approving the molasses policy for 2009-10, the Cabinet took the decision considering the possible shortage of molasses. http://www.financialexpress.com/news/Molasses-export-ban-stays-UP-abolishes-toll-tax/544271/ http://www.financialexpress.com/news/Molasses-export-ban-stays-UP-abolishes-toll-tax/544271/ http://www.financialexpress.com/news/PM-to-focus-on-9-inclusive-growth/544267/ Prime Minister Manmohan Singh on Friday said his agenda for the next few years is to bring India's economy back to 9% growth rate and ensure the benefits of development reach everyone. http://www.financialexpress.com/news/PM-to-focus-on-9-inclusive-growth/544267/ http://www.financialexpress.com/news/PM-to-focus-on-9-inclusive-growth/544267/ http://www.financialexpress.com/news/ICMR-to-form-standards-for-probiotic-products-by-2010/544263/ The standards for the probiotic product market in the country would be laid down by the Indian Council of Medical Research by early 2010. http://www.financialexpress.com/news/ICMR-to-form-standards-for-probiotic-products-by-2010/544263/ http://www.financialexpress.com/news/ICMR-to-form-standards-for-probiotic-products-by-2010/544263/ http://www.financialexpress.com/news/Suspected-Sena-men-ransack-news-channels-offices/544261/ Suspected Shiv Sena activists on Friday vandalised the offices of a Marathi news channel in Mumbai and Pune and assaulted staff members, including journalists, for carrying reports that allegedly showed Bal Thackeray in bad light. http://www.financialexpress.com/news/Suspected-Sena-men-ransack-news-channels-offices/544261/ http://www.financialexpress.com/news/Suspected-Sena-men-ransack-news-channels-offices/544261/ http://www.financialexpress.com/news/Halting-hospitality/544258/ The year 2009 has been challenging for the world at large and historic in the way in which the nations of the world cooperated in facing the crippling financial crisis together. http://www.financialexpress.com/news/Halting-hospitality/544258/ http://www.financialexpress.com/news/Halting-hospitality/544258/ http://www.financialexpress.com/news/Rating-game-picks-up-pace/544256/ Small and medium enterprises in the country are changing their way of functioning by getting themselves rated, which is helping them to access bank credit faster and at favourable interest rates. http://www.financialexpress.com/news/Rating-game-picks-up-pace/544256/ http://www.financialexpress.com/news/Rating-game-picks-up-pace/544256/ http://www.financialexpress.com/news/Column-Tobin-tax-is-only-for-textbooks/544249/ Finance minister Pranab Mukherjee has laid to rest speculations about India imposing capital controls in the face of rising capital inflows. In a recent statement, he clearly said that while the government would monitor the inflows, India is not planning to impose restrictions on capital inflows in the near future. http://www.financialexpress.com/news/Column-Tobin-tax-is-only-for-textbooks/544249/ http://www.financialexpress.com/news/Column-Tobin-tax-is-only-for-textbooks/544249/ http://www.financialexpress.com/news/GVK-to-acquire-LampT-stake-in-Bial/544336/ GVK Airport Developers Pvt Ltd, a wholly owned subsidiary of GVK Power and Infrastructure Ltd, is in the process of acquiring the 17% stake of Larsen & Toubro in Bengaluru International Airport Ltd. http://www.financialexpress.com/news/GVK-to-acquire-LampT-stake-in-Bial/544336/ http://www.financialexpress.com/news/GVK-to-acquire-LampT-stake-in-Bial/544336/ http://www.financialexpress.com/news/Airtel-slashes-roaming-rates-by-60-to-60p/544326/ Intensifying the tariff war, the country's largest telecom operator, Bharti Airtel, on Friday slashed the roaming rates by 60% to 60 paise per minute, thus becoming the second operator after Reliance Communications to do so. Analysts say that other operators will follow suit soon. http://www.financialexpress.com/news/Airtel-slashes-roaming-rates-by-60-to-60p/544326/ http://www.financialexpress.com/news/Airtel-slashes-roaming-rates-by-60-to-60p/544326/ http://www.financialexpress.com/news/Bharat-Hotels-to-invest-Rs-2-300-cr-in-four-yrs/544314/ Bharat Hotels Ltd, which runs the Lalit Suri Hospitality Group, will invest around Rs 2,300 crore in 42 hotels over the next four years. http://www.financialexpress.com/news/Bharat-Hotels-to-invest-Rs-2-300-cr-in-four-yrs/544314/ http://www.financialexpress.com/news/Bharat-Hotels-to-invest-Rs-2-300-cr-in-four-yrs/544314/ http://www.financialexpress.com/news/Govt-to-rope-in-RoC-regional-heads-for-investor-protection/544301/ To enhance investors' awareness about the corporate sector, the ministry of corporate affairs would now involve its regional directors and the Registrar of Companies in the functioning of the Investor Education and Protection Fund. http://www.financialexpress.com/news/Govt-to-rope-in-RoC-regional-heads-for-investor-protection/544301/ http://www.financialexpress.com/news/Govt-to-rope-in-RoC-regional-heads-for-investor-protection/544301/ http://www.financialexpress.com/news/Forex-reserves-up-at-286-bn-despite-weak-greenback/544287/ The country's foreign exchange reserves rose by $962 million to $286.4 billion for the week ended November 13, 2009 despite dollar weakening nternationally, the Reserve Bank of India said in its weekly statistical supplement released on Friday. http://www.financialexpress.com/news/Forex-reserves-up-at-286-bn-despite-weak-greenback/544287/ http://www.financialexpress.com/news/Forex-reserves-up-at-286-bn-despite-weak-greenback/544287/ http://www.financialexpress.com/news/ICICI-Bank-HUL-in-Forbes-best-firms-list/544279/ Indian private sector lender ICICI Bank and global consumer goods giant Unilever's India-based subsidiary have been named in a list of world's 10 best companies for leaders. http://www.financialexpress.com/news/ICICI-Bank-HUL-in-Forbes-best-firms-list/544279/ http://www.financialexpress.com/news/ICICI-Bank-HUL-in-Forbes-best-firms-list/544279/ http://www.financialexpress.com/news/Metro-up-to-Anand-Vihar-by-Dec/544272/ After missing its deadline on the Noida Corridor, the Delhi Metro is racing against time to inaugurate its Anand Vihar line as per schedule by the end of next month, which will benefit thousands of people in east Delhi and neighbouring UP http://www.financialexpress.com/news/Metro-up-to-Anand-Vihar-by-Dec/544272/ http://www.financialexpress.com/news/Metro-up-to-Anand-Vihar-by-Dec/544272/ http://www.financialexpress.com/news/Maharashtra-pitches-for-uniform-GST-threshold/544268/ Maharashtra, one of the leading states in service tax collection with Rs 20,337 crore mop-up in 2007-08, has made a strong pitch for full GST rollout rather than half-hearted efforts. http://www.financialexpress.com/news/Maharashtra-pitches-for-uniform-GST-threshold/544268/ http://www.financialexpress.com/news/Maharashtra-pitches-for-uniform-GST-threshold/544268/ http://www.financialexpress.com/news/15-major-real-estate-developers-line-up-for-UP-satellite-township-plan/544264/ The Uttar Pradesh government's efforts to woo and facilitate the private sector in developing satellite townships on the fringes of existing cities have finally started showing some result. http://www.financialexpress.com/news/15-major-real-estate-developers-line-up-for-UP-satellite-township-plan/544264/ http://www.financialexpress.com/news/15-major-real-estate-developers-line-up-for-UP-satellite-township-plan/544264/ http://www.financialexpress.com/news/Engraining-ethics/544259/ Everyone knows right from wrong. Right? Wrong. People disagree about the definition of right and wrong all the time. Ethics means different things to different people at different points in time. http://www.financialexpress.com/news/Engraining-ethics/544259/ http://www.financialexpress.com/news/Engraining-ethics/544259/ http://www.financialexpress.com/news/Column-Its-not-just-sugar-that-tastes-bitter/544250/ The current imbroglio on sugarcane pricing needs deeper thought. The issue basically is that the minimum price to be paid to the farmer was increased by the Central government through the fair & remunerative price. http://www.financialexpress.com/news/Column-Its-not-just-sugar-that-tastes-bitter/544250/ http://www.financialexpress.com/news/Column-Its-not-just-sugar-that-tastes-bitter/544250/ http://www.financialexpress.com/news/India-to-release-green-GDP-data-from-2015/544338/ In a bid to bring environmental concerns into mainstream growth accounting, the government plans to release green GDP data from 2015, environment minister Jairam Ramesh said on Friday. http://www.financialexpress.com/news/India-to-release-green-GDP-data-from-2015/544338/ http://www.financialexpress.com/news/India-to-release-green-GDP-data-from-2015/544338/ http://www.financialexpress.com/news/Buoyant-European-mkts-spur-sentiment-Sensex-up-386-pts/544327/ The country's equity markets staged a comeback in late trade after European bourses opened on a bouyant note, lifting sentiment among investors. http://www.financialexpress.com/news/Buoyant-European-mkts-spur-sentiment-Sensex-up-386-pts/544327/ http://www.financialexpress.com/news/Buoyant-European-mkts-spur-sentiment-Sensex-up-386-pts/544327/ http://www.financialexpress.com/news/Tata-Steels-546million-bond-sale-over/544315/ Tata Steel Ltd on Friday said it sold $ 546.9 million in new convertible bonds in exchange for $493 million of securities as part of a plan to reduce costs and ease repayment obligations. http://www.financialexpress.com/news/Tata-Steels-546million-bond-sale-over/544315/ http://www.financialexpress.com/news/Tata-Steels-546million-bond-sale-over/544315/ http://www.financialexpress.com/news/Textile-units-for-bar-on-cotton-export-until-Mar/544305/ With domestic cotton prices rising and a high level of export contracts, the Confederation of Indian Textile Industry has renewed its demand for suspension of export. http://www.financialexpress.com/news/Textile-units-for-bar-on-cotton-export-until-Mar/544305/ http://www.financialexpress.com/news/Textile-units-for-bar-on-cotton-export-until-Mar/544305/ http://www.financialexpress.com/news/MSME-growth-can-boost-GDP/544289/ The Planning Commission on Friday called for facilitating higher growth of micro, small and medium enterprises (MSMEs) in order to achieve inclusive growth for the economy. MSMEs employ 60 million people, and account for 30% of the country's manufacturing gross domestic product and 40% exports. http://www.financialexpress.com/news/MSME-growth-can-boost-GDP/544289/ http://www.financialexpress.com/news/MSME-growth-can-boost-GDP/544289/ http://www.financialexpress.com/news/Google-OS-can-start-PC-in-7-seconds/544280/ New Google Inc software will start up a computer as fast as a television can be turned on, the search company said on Thursday as it showed off its Chrome operating system designed for PCs that do their work on the Web. http://www.financialexpress.com/news/Google-OS-can-start-PC-in-7-seconds/544280/ http://www.financialexpress.com/news/Google-OS-can-start-PC-in-7-seconds/544280/ http://www.financialexpress.com/news/Sugarcane-growers-not-be-affected-in-Haryana-says-Hooda/544273/ Sugarcane growers in Haryana will not be affected by Centre's decision to set a nation-wide base price for sugarcane as the state government has already announced the highest price of sugarcane, chief minister Bhupinder Singh Hooda has said. http://www.financialexpress.com/news/Sugarcane-growers-not-be-affected-in-Haryana-says-Hooda/544273/ http://www.financialexpress.com/news/Sugarcane-growers-not-be-affected-in-Haryana-says-Hooda/544273/ http://www.financialexpress.com/news/Deora-to-meet-Pawar-on-ethanol-doping-plan/544269/ With the acute ethanol shortage derailing the programme to blend the sugarcane extract in petrol, petroleum minister Murli Deora will next week meet agriculture minister Sharad Pawar to salvage the programme. http://www.financialexpress.com/news/Deora-to-meet-Pawar-on-ethanol-doping-plan/544269/ http://www.financialexpress.com/news/Deora-to-meet-Pawar-on-ethanol-doping-plan/544269/ http://www.financialexpress.com/news/Microfinance-institutions-hope-for-level-playing-field-in-new-Bill/544265/ The microfinance institutions are awaiting the microfinance legislation based on the Rangarajan committee recommendations which is expected to give them a 'level playing field' and recognition as a separate group of non-banking financial institutions. http://www.financialexpress.com/news/Microfinance-institutions-hope-for-level-playing-field-in-new-Bill/544265/ http://www.financialexpress.com/news/Microfinance-institutions-hope-for-level-playing-field-in-new-Bill/544265/ http://www.financialexpress.com/news/Column-The-last-British-icon/544251/ M&A activity finally appears to be coming back to life, at least if Kraft's $16.7 billion takeover bid for Cadbury is an indicator. Cadbury-the world's leading confectionery company-has almost become a synonym to the word 'chocolate'. http://www.financialexpress.com/news/Column-The-last-British-icon/544251/ http://www.financialexpress.com/news/Column-The-last-British-icon/544251/ http://www.financialexpress.com/news/Trai-caps-fee-on-mobile-porting-at-a-low-Rs-19/544342/ Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider. That's the porting charge ceiling set by telecom regulator Trai on Friday in the run-up to the launch of mobile number portability in category A circles from January and the rest of the country by next March. http://www.financialexpress.com/news/Trai-caps-fee-on-mobile-porting-at-a-low-Rs-19/544342/ http://www.financialexpress.com/news/Trai-caps-fee-on-mobile-porting-at-a-low-Rs-19/544342/ http://www.financialexpress.com/news/Nonferrous-metals-on-RelianceSX-radar/544329/ Reliance Spot Exchange, a part of the Anil Dhirubhai Ambani Group, is looking to add non-ferrous metals like copper, zinc and aluminium to its portfolio soon. http://www.financialexpress.com/news/Nonferrous-metals-on-RelianceSX-radar/544329/ http://www.financialexpress.com/news/Nonferrous-metals-on-RelianceSX-radar/544329/ http://www.financialexpress.com/news/Dell-bets-on-corporate-spend-for-recovery/544316/ Dell, the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results. http://www.financialexpress.com/news/Dell-bets-on-corporate-spend-for-recovery/544316/ http://www.financialexpress.com/news/Dell-bets-on-corporate-spend-for-recovery/544316/ http://www.financialexpress.com/news/US-defence-firms-eye-PMs-visit-to-tap-Indian-market/544306/ The US arms industry maybe looking at increased order from the Indian defence establishment after the PM's visit to the US next week. Most suppliers, who are looking for business in India, are expected to attend the official dinner to be hosted by US President Barack Obama. http://www.financialexpress.com/news/US-defence-firms-eye-PMs-visit-to-tap-Indian-market/544306/ http://www.financialexpress.com/news/US-defence-firms-eye-PMs-visit-to-tap-Indian-market/544306/ http://www.financialexpress.com/news/TV18-to-merge-ops-of-business-channels-12-layoffs-on-cards/544291/ With a view to align businesses and build operational synergy, media company Network18 said it would restructure operations of its flagship company TV18 India by merging broadcasting operations of two of its business news channels - CNBC TV 18 and CNBC Awaaz. http://www.financialexpress.com/news/TV18-to-merge-ops-of-business-channels-12-layoffs-on-cards/544291/ http://www.financialexpress.com/news/TV18-to-merge-ops-of-business-channels-12-layoffs-on-cards/544291/ http://www.financialexpress.com/news/Investors-ask-Goldman-to-be-less-greedy/544281/ Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation. http://www.financialexpress.com/news/Investors-ask-Goldman-to-be-less-greedy/544281/ http://www.financialexpress.com/news/Investors-ask-Goldman-to-be-less-greedy/544281/ http://www.financialexpress.com/news/Haryanas-PPP-policy-to-focus-on-infra-agri/544274/ The Haryana government will soon come out with a policy on public private partnership model so as to promote and facilitate implementation of projects in various sectors like infrastructure and agriculture. http://www.financialexpress.com/news/Haryanas-PPP-policy-to-focus-on-infra-agri/544274/ http://www.financialexpress.com/news/Haryanas-PPP-policy-to-focus-on-infra-agri/544274/ http://www.financialexpress.com/news/FE-Editorial-Peoples-car-drives-in/544252/ An annus horribilis of the worst sort later, big news in the car industry is coming from small cars. Not only did India's Nano capture global headlines, international players are also lined up to grab at our big small-car pie. http://www.financialexpress.com/news/FE-Editorial-Peoples-car-drives-in/544252/ http://www.financialexpress.com/news/FE-Editorial-Peoples-car-drives-in/544252/ http://www.financialexpress.com/news/Indian-proposals-for-WTO-reforms-on-ministerial-agenda/544348/ After the Doha Round impasse exposed the internal contradictions in the World Trade Organisation's style of functioning, India has proposed a near-radical package for reforming the world body. http://www.financialexpress.com/news/Indian-proposals-for-WTO-reforms-on-ministerial-agenda/544348/ http://www.financialexpress.com/news/Indian-proposals-for-WTO-reforms-on-ministerial-agenda/544348/ http://www.financialexpress.com/news/Corporate-Notes/544331/ Ranbaxy Laboratories has recalled from the US market a batch of 4,348 cartons of Sotret Isotretinoin capsules used in treating skin infections. http://www.financialexpress.com/news/Corporate-Notes/544331/ http://www.financialexpress.com/news/Corporate-Notes/544331/ http://www.financialexpress.com/news/Vedanta-SPV-for-development-around-Niyamgiri-bauxite-mines/544319/ London-based Vedanta Resources Plc has formed a special purpose vehicle - Lanjigarh Project Area Development Foundation - to take up peripheral development works around Niyamgiri bauxite mines in Orissa's Kalahaindi and Rayagada districts. http://www.financialexpress.com/news/Vedanta-SPV-for-development-around-Niyamgiri-bauxite-mines/544319/ http://www.financialexpress.com/news/Vedanta-SPV-for-development-around-Niyamgiri-bauxite-mines/544319/ http://www.financialexpress.com/news/Aurobindo-pharma-eyes-23-profit-next-fiscal/544309/ Aurobindo Pharma hopes to become a $2-billion company in the next three years, according to chairman Ramprasad Reddy. The company that currently has profit margins of around 18%, expects to touch around 23% by next fiscal, backed by the new formulations manufacturing facility. http://www.financialexpress.com/news/Aurobindo-pharma-eyes-23-profit-next-fiscal/544309/ http://www.financialexpress.com/news/Aurobindo-pharma-eyes-23-profit-next-fiscal/544309/ http://www.financialexpress.com/news/Bank-unions-call-strike-December-16/544292/ The All India Bank Employees Association and All India Bank Officers Confederation have jointly given a call for nationwide bank strike on December 16 to protest the move for consolidation in the state-owned banking industry. http://www.financialexpress.com/news/Bank-unions-call-strike-December-16/544292/ http://www.financialexpress.com/news/Bank-unions-call-strike-December-16/544292/ http://www.financialexpress.com/news/AOL-shows-worst-not-over-for-media-cos/544282/ If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over. http://www.financialexpress.com/news/AOL-shows-worst-not-over-for-media-cos/544282/ http://www.financialexpress.com/news/AOL-shows-worst-not-over-for-media-cos/544282/ http://www.financialexpress.com/news/In-Brief/544276/ Solar water heating system programme is getting popularity in Haryana. During 2008-09, the state has witnessed the highest ever installation of solar water heating systems of over 2 lakh litre capacity http://www.financialexpress.com/news/In-Brief/544276/ http://www.financialexpress.com/news/In-Brief/544276/ http://www.financialexpress.com/news/Letters-To-The-Editor/544253/ Tata Group chairman Ratan Tata's openness to appoint an expat as his successor is forward-thinking and broad-minded. This news will send positive vibes to other business houses, most of which are in the grip of family feud now. http://www.financialexpress.com/news/Letters-To-The-Editor/544253/ http://www.financialexpress.com/news/Letters-To-The-Editor/544253/ http://www.financialexpress.com/news/Corporate-Notes/544321/ NSE listed firm, California Software Ltd, having major operations in the US and Chennai, has divested its entire 51% stake in education-based IT solutions company Informed Decisions Corporation through the wholly-owned former's subsidiary CSWL for $36 million. http://www.financialexpress.com/news/Corporate-Notes/544321/ http://www.financialexpress.com/news/Corporate-Notes/544321/ http://www.financialexpress.com/news/No-rice-import-for-now-govt/544294/ Against the backdrop of rising global prices, the government on Friday decided against rice import stating it has enough stocks to manage demand despite a shortfall of 15 million tonne in Kharif production. http://www.financialexpress.com/news/No-rice-import-for-now-govt/544294/ http://www.financialexpress.com/news/No-rice-import-for-now-govt/544294/ http://www.financialexpress.com/news/Bloomberg-to-lay-off-130-staff-of-BusinessWeek/544283/ Bloomberg may lay off about 130 employees in BusinessWeek, which the global financial news and data provider acquired recently, says a media report. http://www.financialexpress.com/news/Bloomberg-to-lay-off-130-staff-of-BusinessWeek/544283/ http://www.financialexpress.com/news/Bloomberg-to-lay-off-130-staff-of-BusinessWeek/544283/ http://www.financialexpress.com/news/Report-Card/544254/ We use cross-national harmonised micro data from a broad sample of developed and developing countries and investigate the heterogeneity of the effect of entry, contract enforcement regulation, and financial development on both the decision to become an entrepreneur and the level of employment of newly created businesses. http://www.financialexpress.com/news/Report-Card/544254/ http://www.financialexpress.com/news/Report-Card/544254/ http://www.financialexpress.com/news/In-Brief/544296/ The Indian economy is likely to grow by 8% in the next fiscal, propelled by domestic demand, financial services firm Nomura has said. "The fundamental drivers of domestic demand are falling into place. http://www.financialexpress.com/news/In-Brief/544296/ http://www.financialexpress.com/news/In-Brief/544296/ http://www.financialexpress.com/news/Obamas-PM-dinner-a-hotticket-affair/544284/ The White House's State Dinner for the Prime Minister Manmohan Singh has turned the most sought after ticket in the US capital, but with officials keeping mum on the guest list, it's not known who is in and who is out. http://www.financialexpress.com/news/Obamas-PM-dinner-a-hotticket-affair/544284/ http://www.financialexpress.com/news/Obamas-PM-dinner-a-hotticket-affair/544284/ http://www.financialexpress.com/grfx/fe88x31.gif http://www.financialexpress.com