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CAG questions PSIEC for inaction against two firms
Chandigarh: Official auditor CAG has questioned PSIEC for not initiating action against pharma major Ranbaxy and real estate major Parsvnath despite their failing to set up projects on land alloted to them by the Punjab government. In its latest performance audit report which was tabled in the Punjab Assembly here today, #Parsvnath #PSIEC #Ranbaxy #ThatsJustWrong
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Maruti Suzuki appoints Kenichi Ayukawa as MD and CEO
New Delhi: Country's largest car maker Maruti Suzuki India (MSI) on Friday said it has appointed Kenichi Ayukawa as the new managing director and chief executive officer, who will succeed outgoing Shinzo Nakanishi. The appointment will be effective from April 1, 2013. The board of directors of the company at a #CEO #CorporateStrategy #Kenichi Ayukawa #Maruti Suzuki
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ONGC, OIL jointly bid for Videocon stake in Mozambique gas field
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) today made a joint bid to acquire up to 20 per cent stake in a gaint Mozambique gas field. While ONGC Videsh Ltd, the overseas arm of India's biggest explorer, and OIL made a joint bid #CompanyWatch #Mozambique #oil #ONGC #Videocon Group
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MSMEs facing stiff competition from China: minister
New Delhi: Micro, small and medium enterprises (MSMEs) in the country are facing stiff competition from China, the government said today. "Strong competition from China faced by Indian MSMEs is evident in high growth of India's imports from China," Minister of State for MSMEs, KH Muniappa said in a written #KH Muniappa #Lok Sabha #MSMEs #NewsTracker
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Infosys to work with BMW on infra management services
Bangalore: Infosys today announced it has been selected by German luxury car maker BMW Group as its worldwide partner for application basis infrastructure management services. The five year engagement will cover services such as maintenance and operations of the web infrastructure, content management, SAP Basis operations, IT for IT (the company's #BMW #CompanyWatch #Infosys #Remote Infrastructure management
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Reliance shortlisted for Iraq oil project
New Delhi: Iraq today shortlisted Reliance Industries and six other firms for developing its Nasiriya oilfield and the construction of an associated 300,000 barrels per day refinery. Besides RIL, French energy giant Total, Russia's Lukoil, CNPC of China and American firm Brown Energy have been shortlisted for the project, according to #Iraq #Nasiriya oilfield #NewsTracker #Reliance Industries
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Export objective hit as Reliance fails to set up SEZ: CAG
Chandigarh: Government auditor CAG in its latest report observed that because of the failure of Reliance Haryana SEZ Ltd (RHSL) in setting up the ambitious SEZ project in Haryana, the objective of boosting exports was defeated. In its audit report of Haryana's PSUs for 2011-12, CAG observed that "due to #CAG #NewsTracker #Reliance Haryana SEZ Ltd
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Haier aims over 40% jump in sales in 2013
Goa: Consumer durables firm Haier today said it is looking at over 40 percent growth in revenue at Rs 1,700 crore this year, driven by refrigerators and flat panel TVs. "We are expecting a growth of over 40 percent and expect the revenues to be at Rs 1,700 crore by the #CompanyWatch #consumer durables #Haier
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SFIO detects Rs 5,607 cr worth frauds in three years
New Delhi: Probes by SFIO, the investigation agency for serious corporate frauds, has found siphoning of funds worth Rs 5,607 crore at 18 companies in the past three years, Corporate Affairs Minister Sachin Pilot said today. Assuring necessary steps to keep corporate frauds in check, the minister also said the existing #Lok Sabha #NewsTracker #Sachin Pilot #SFIO
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SAIL’s expansion may be over by FY’14: Verma
New Delhi: The Rs 61,870 crore modernisation and expansion programme of Steel Authority of India (SAIL) is likely to be completed next fiscal, Steel Minister Beni Prasad Verma said today. "The current phase of modernisation and expansion (of SAIL) is likely to be completed progressively by 2013-14," Verma said in a #Beni Prasad Verma #CompanyWatch #Rajya Sabha #SAIL
