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Premature to say if cos are avoiding CSR spend: Govt

The government on Friday said it would be premature to form any opinion at this stage on whether companies are resorting to tactics to avoid CSR spending.

RBI allows share pledging in favour of NBFCs

The Reserve Bank has allowed pledging of shares of an Indian company held by non-resident investors in favour of non-banking financial companies (NBFCs) for business purposes.

Petronas to sell 25% stake in Canadian Progress to Indian company

Petronas has agreed to sell a 25 percent stake in Canadian Progress Energy Resources Corp. to an Indian company.

US bans bidis made by Indian tobacco company

US regulators Friday banned the sale and import of small cigarettes known as bidis made by an Indian company, their first such action since being given oversight of tobacco products in 2009.

Cooper to try to save Apollo deal at December 19 court hearing

Cooper Tire & Rubber Co will make a last-ditch effort to save its sale to Apollo Tires Ltd on December 19, as it seeks a ruling from Delaware Supreme Court that could force the Indian company to complete their proposed $2.3 billion merger.

Petronas nears deal to sell Canada shale stake to Indian company

Malaysia`s Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.

Indian cos offer 9.8% pay hikes to top executives: Survey

Going by the study, top executive compensation is currently increasing by 7-10 percent on average in emerging markets and between 4 percent and 5 percent on average in Western countries.

Indian cos yet to fully use whistle blowing mechanism: Survey

Whistle blowing system, popular in the developed nations including the US, would be part of the revamped Companies Act.

Indian companies facing huge power shortage: Ficci

Noting that Indian companies are suffering production shortfall due to powers cuts, a study by Ficci Sunday suggested a 10-point policy package to provide affordable and quality electricity to industrial consumers.

Indians cos to actively pursue overseas M&A avenues: Survey

Consultancy firm Tecnova, in a recent survey of professionals in the country, said many corporates are bullish about the domestic economy as well as global opportunities.

Cos looking to tap IPO market on reform push: Experts

Attracted by improving investor sentiments in the stock market, companies are warming up to the idea of raising funds through initial public offers and a number of companies have firmed up their IPO plans to hit the market.

Political disquiet a concern for majority of Indian cos: Report

In comparison, political disquiet was a concern for just 33 per cent of businesses six months ago.