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HindustanTimes Sat,26 May 2012
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Corporate News

The man who founded NSE

On April 12, we lost one of the foremost institution builders of our financial markets.

Demand for choppers soars, Bell gears up

Bell Helicopter, a subsidiary of Textron Inc, the Texas-based aviation giant known for brands such as Cessna Aircraft Company, Jacobsen, Kautex, Lycoming — opened its new office in Delhi on Thursday. HT reports.

US whistleblower accuses Infosys of visa fraud

IT giant Infosys brought in Indian workers illegally to US and often abused business visa rules requiring foreign workers to be paid US market rate, a former company insider has alleged.

Infosys declares 440 % final dividend

IT giant Infosys Ltd today declared a final dividend of Rs. 22 per share for fiscal 2011-12, which is 440 % over its par value of Rs. 5 per share.

Trafigura to buy up to 24% stake in NOCL refinery for $130 mn

Oil trader Trafigura has made its first move into refining in Asia, investing up to $130 million for a 24% stake in Nagarjuna Oil Corp Ltd's (NOCL) planned refinery in southern India and replacing BP as NOCL's crude supplier.

DuPont looks to double India revenues, opens integrated ballistic site

US-based engineering, science and high-tech solutions firm DuPont expects to double its India revenues to around $2 billion ( Rs. 10,000 crore) over the next five years. The company has identified energy, food and agriculture, automobiles, safety and protection and infrastructure as among its major growth drivers.

Reporter's job fifth worst; software engineer's best

A reporter's job figures among the ten worst professions, alongside the likes of butchers, waiters and dishwashers, as per a new study by the US-based consultancy CareerCast, which has named a software engineer's occupation as the best for the year 2012.

Sony to cut 10,000 jobs amid restructuring

Sony today said it would cut about 10,000 jobs and spend nearly $1 billion on restructuring costs this fiscal year as the struggling electronics and entertainment giant moves to stem massive losses.

Infosys, TCS feel the heat of competition worldwide

India's leading software exporters are expected to face a challenging year ahead due to growing competition, an uncertain global economy and rising US rhetoric against shipping of jobs to low-cost locations ahead of the November presidential election.

Shreyans Group is Bang & Olufsen’s India master dealer

Dutch electronics major Bang & Olufsen has as appointed Shreyans Group as its master dealer for the country, a move aimed at expanding its business in India.

Dreamworks gets $200-mn lifeline

DreamWorks Studios, the film company headed by director Steven Spielberg, will get around $200 million from its partner Reliance Entertainment to continue making films, according to a person with knowledge of the transaction.

Mehta moves on, Yasmin Hilton to head Shell India

Chairman of the Shell Group of Companies in India, Vikram Singh Mehta, has decided to step down after a 24-year stint with the global energy conglomerate.

Your CNG, piped gas bills may fall by 10-20%

CNG vehicle and piped cooking gas users can look forward to their bills falling by 10-20% soon. If the regulator, Petroleum and Natural Gas Regulatory Board, has its way, Indraprastha Gas Ltd (IGL) will be forced to cut the price of CNG by around Rs. 7 a kg and Piped Natural Gas (PNG) by Rs. 2.20 a unit in the National Capital Region. Fuelling your savings

Lukewarm to IPL, firms go local, think small

Taking a leaf out of the value for money brand-building strategy, advertisers are seeking to cash in on the local popularity of individual Indian Premier League (IPL) teams this season, rather than invest in the central event itself. Himani Chandna Gurtoo reports. The owners’ pavilion

IGL faces Rs. 1,000-cr hit due to excess tariff charged

City gas distribution company Indraprastha Gas Ltd (IGL) could take a hit of anywhere between Rs. 1000 crore and 1500 crore if has to abide by the April 9 order by the downstream petroleum regulator - the Petroleum and Natural Gas Regulatory Board - directing the company to refund extra tariff charged by it from consumers since April 2008.
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