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'Companies need separate audit, risk management panels'
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Any company should have separate committees for audit and risk management and the latter should be accordingly represented on the company board, according to a British business school head.
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India NMDC to invest upto $3.9 bln in 2nd steel plant
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India's top iron ore miner NMDC is planning to set up a 2-million tonne steel plant in Karnataka with an estimated investment of Rs 160-180 billion rupees ($3.5 billion-$3.9 billion), a senior company official said.
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Essar plans $8-10 bn UK listing of energy biz
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Ruia-controlled Essar Group is planning to go in for a $8-10 billion (Rs 36,400 crore to 45,500 crore) international listing (in London) of its energy business that includes coal, power, oil and gas.
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Union Budget 2010-11: Shares of textile companies surge
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Shares of textile companies surged across the board between 2-4% in the wake of the announcement by the Union Finance Minister Pranab Mukherjee that a one time grant of Rs 200 crore would be given to the Tirupur Textile cluster.
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Grasim gets shareholders nod for Samruddhi-UltraTech merger
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Aditya Birla group company Grasim Industries today said it has received shareholders approval for the merger of Samruddhi Cement with UltraTech Cement.
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Amway registers 32 p.c. growth in State
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Amway India Enterprises Private Limited (AIEPL), a leading direct selling FMCG company, here on Tuesday said it reported 32 per cent growth in sales in Orissa market last year.
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McNally Bharat says gets order worth 66.3 mln rupees
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McNally Bharat Engineering Ltd said on Monday it received an order worth 66.3 million rupees for the construction of a border out-post from the National Projects Construction Corp Ltd in the state of Tripura.
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ICICIdirect gets go-ahead for digital KYC
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Even as mutual fund distributors are grappling with the execution of the recent Sebi fiat on know your client (KYC) norms, one of the largest online distributors of mutual fund products, ICICIdirect, has been given the go-ahead for an electronically-scanned KYC.
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RSP sets new record in converter lining life
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The Steel Melting Shop-II (SMS-II) of Rourkela Steel Plant (RSP) has set a new benchmark by registering the highest ever lining life of 5559 in one of its converters.
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Wipro exec guilty of $4 mn fraud
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A Wipro employee embezzled crores of rupees over the past three years, sending India’s third-largest software exporter scrambling to tighten internal controls in the finance division where the fraud took place.
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HP beats estimates, plans hiring
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Hewlett-Packard, the largest personal-computer maker, beat profit and sales estimates last quarter, bolstered by holiday orders, surging Chinese demand and businesses starting to replace their aging technology.
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Court relief for Lodha group
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In a major reprieve for the Mumbai-based developer, the Lodha Group, the Delhi high court has directed the National Textiles Corporation (NTC) to reconsider its decision to reject Lodha's bid of Rs 710 crore for the Finlay Mills at Parel.
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Zain bid: Bharti considers $5bn rights issue
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Bharti Airtel is exploring the option of a rights issue to raise $5 billion to part finance its proposed acquisition of Kuwait-based Zain's African assets.
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Tata Motors to up prices of comm, passenger vehicles
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Tata Motors on Tuesday said it will hike commercial vehicle prices by up to 2% on account of new emission norms.
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Jayshree Chemicals makes 'attractive' Rights Issue
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Jayshree Chemicals Limited ,a SK Bangur Group company, is making a Rights Issue of 2,39,94,374 Equity Shares of Rs.10 each for cash at a premium of Rs.5 per Equity Share aggregating to Rs.3599.16 lacs, according to a company statement on Monday.
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NALCO bags award for innovative practices
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State-run National Aluminium Co (NALCO) has bagged a prestigious award for innovative human resource practices, the company said Saturday.
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ITC to sue NDTV Profit for 'misleading ' story
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Cigarettes to hotel major ITC has decided to file a suit for defamation against NDTV Profit, a business channel of the NDTV media group, for running a story on malpractices which they claimed is misleading.
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Navayuga lobbies hard for Machilipatnam port
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The state government is under pressure to gift the Machilipatnam port project to Navayuga Engineering Company (NEC) group through the backdoor.
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Inox acquires 43 percent stake in Fame
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Gujarat Fluorochemicals Ltd (GFL)-promoted Inox Leisure Wednesday said it has acquired a 43 percent stake in Fame India that owns the Fame multiplex chain.
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Andrew Yule repays Rs.65.26 crore government loan
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State-owned diversified company Andrew Yule and Company Ltd (AYCL) Wednesday repaid the remaining Rs.65.26 crore government loan following disinvestments of Phoenix Yule Ltd and DPSC Ltd, a company statement said here.
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TATA served notice
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The revenue department today served notice to TATA asking the company to remove an electric fence constructed by them.
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Basu remembered in Tripura ONGC
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The Oil and Natural Gas Corporation (ONGC), Tripura Asset, paid homage to departed leader Jyoti Basu yesterday, ONGC release here said today.
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Four Posco officials held hostage by villagers released
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Four officials from South Korean steel major Posco, taken hostage Thursday in Orissa's Jagatsinghpur district by villagers protesting against the company's proposed USD 12 billion project, have been released.
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Four Posco officials held hostage by villagers released
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Four officials from South Korean steel major Posco, taken hostage Thursday in Orissa's Jagatsinghpur district by villagers protesting against the company's proposed USD 12 billion project, have been released.
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GM India planning to sell two lakh cars annually
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Auto manufacturer General Motors India Thursday said it would sell two lakh cars annually by 2013.
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