business

The government-appointed board of directors of the crisis-ridden Satyam Computer Services has appointed the company’s global business head AS Murthy as the company’s chief executive officer (CEO). This apart, Partho Datta and Homi Khusrokhan have been appointed as ‘special advisers’. This apart, an unnamed has sanctioned working capital requirements worth Rs 600 crore.

Brokerage major CLSA has forecasted India’s gross domestic product (GDP) growth in the next fiscal at under 5% whereas the figure for FY11 has been put at under 7%. The company said that it had slashed the estimates across the board though it still expected India and China to outperform in terms of growth. It … Read more CLSA projects India’s FY10 growth at 5%

Tax relief for export-oriented units (EOUs) is likely to be taken up by Commerce and Industry minister Kamal Nath. He would take up this issue with the Finance Ministry to extend the sunset clause to 31 Mar-13 from 31 Mar -10. The full tax rate on offshore profits would be deferred by three years – … Read more Indian IT Services – Sunset clause may be extended

Indian government is expected to announce additional borrowing for the rest of the current fiscal in the interim budget due on February 16. Government officials are saying that any additional borrowing which will be needed for the current fiscal will be reflected in numbers in the interim budget. Earlier, the Deputy Chairman of Planning Commission … Read more Additional Borrowing + 4% Excise Duty cut – Likely

Tanu Healthcare’s Board at its meeting held on February 04, 2009, has considered and approved the merger of Blue Cross Generic, Indore with the Company, subject to the necessary permission being obtained from Stock Exchange and other appropriate authorities including Stock Exchange. Blue Cross Generics, Indore is a Company which has presence in the Medicinal … Read more Tanu Healthcare to merge Blue Cross Generic with the Company