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06 Sep 2010

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Salaries of chief executives should be capped and shareholders should have a say in managerial remunerations, a parliamentary panel on the new companies bill has suggested. It has asked the corporate affairs ministry to develop a “rational formula” for managerial remunerations. “The committee is of the view that an overall outer ceiling on managerial remuneration may be prescribed,” said the parli...
Telegraphindia | 1 Hour(s) Ago
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President Barack Obama this week will urge Congress topermanently extend and expand a research and development taxcredit to encourage job growth.Foxconn Technology Group Chairman Terry Gou cut his long-term growth target for the world’s largest contract manufacturerof electronics by 50 percent as demand for Apple Inc. iPhonesand iPads fails to offset slowing computer sales.Goldman Sachs Group Inc....
The Money Times | 3 Hour(s) Ago
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German luxury carmaker Audiplans to churn out more from its existing plant in India through a secondproduction shift as it aims to more than double its sales by 2015, a top companyexecutive said.The third-largest player in the Indian luxury carmarket may start second shift at its factory in Aurangabad to take theproduction to 3,000 units by next year from 2000 units at present.It has already surpa...
The Economic Times | 4 Hour(s) Ago
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General Motors India (GMI) willinaugurate its brand-new engine plant at Talegaon near Pune on November 12. Thisis GM’s first flexi-engine plant anywhere in the world that will produceboth petrol and diesel engines.Commercial production at the $230-million,1.6-lakh capacity plant begins from November 1.The plant is capableof manufacturing four engine variants and will start off with the 1 litreengi...
The Economic Times | 4 Hour(s) Ago
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has sought a greater role in Ghana’s energy sector, pitchingfor more tie-ups between ONGC Videsh (OVL), the overseas exploratory andacquisition arm of the state-run upstream major, and oil companies of theAfrican nation.Commerce and industry minister Anand Sharma, whovisited Ghana as part of India’s “Focus Africa” policy,discussed this in his talks with Ghanaian President John Evans Atta Mills and...
The Economic Times | 4 Hour(s) Ago
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country, but the central bank's top officials themselves get less than 5% of what is paid to the bank chiefs.and of banks licensed by it to do business in the country shows that RBI governor D Subbarao's total remuneration is less than not only the chiefs of private sector banks, but also most of the public sector lenders.The gap is huge with salaries of some of the bank chiefs being over 20-times...
Times Of India | 5 Hour(s) Ago
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NEWDELHI: Indian law...
The Economic Times | 4 Hour(s) Ago
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Revise, Consolidate and Simplify — that’s what the government aims to do with direct tax laws. The direct tax code (DTC) bill, which was tabled by finance minister Pranab Mukherjee on August 30, has attempted to maintain status quo for investors in respect of taxability of capital gains, with a minor variation of switching from an exemption-based regime to a deduction-based regime.Responding to se...
Telegraphindia | 1 Hour(s) Ago
coal ministry has sought a direction from the cabinet committee on infrastructure for clearance by the environment ministry to all blocks in forest areas meant for power and steel plants irrespective of whether they are in the “go” or “no-go” areas.In a note to the cabinet panel, the ministry says “it is felt that only the cases of pristine forests or wildlife sanctuaries should be considered wher...
Telegraphindia | 1 Hour(s) Ago
Balmer Lawrie Co, the city-based public sector conglomerate, is likely to sue ICICI Venture for accounting fraud at its associate company, Transafe Services Ltd.The PSU has hired the services of a battery of legal eagles backed by solicitor firm Khaitan Co to consider the option of initiating criminal proceedings against ICICI Venture, one of the biggest private equity funds in the country with ...
Telegraphindia | 1 Hour(s) Ago
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