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  • Essar on the prowl, looks to poach execs from rivals

    Essar on the prowl, looks to poach execs from rivals

    At least two senior executives from ArcelorMittal could join Malay Mukherjee, the former director at the Luxembourg-based global steelmaker, who in September moved to the Essar Group as its chief executive officer for steel.

    Steel demand growing in India: Tata Steel MD

    Steel demand growing in India: Tata Steel MD

    In his first-ever interview to the media after taking over as Hemant Nerurkar, Managing Director, Tata Steel talks to ET about the challenges and the way forward.

    PwC wants early Satyam settlement

    PwC wants early Satyam settlement

    Price Waterhouse has filed a consent application with capital market regulator Sebi as part of an effort to reach an early settlement to the ongoing investigation into the accounting fraud at Mahindra Satyam, after the Mahindra group acquired the troubled company earlier this year.

    Global accounting cos get tougher

    Global accounting cos get tougher

    Even as regulators actively explore options to make accounting and corporate governance norms tighter have started tweaking their organisational structures to increase accountability and are also bringing in global heads to oversee their India functions.

    Tata Power may raise $250 m for expansion

    Tata Power may raise $250 m for expansion

    Tata Power is exploring options to raise about $200-250 mn to part finance its future expansion plans that include a new power plant and developing the infrastructure for retail customers in Mumbai.

    Companies may switch to 'flexible' wage model to control costs

    Companies may switch to 'flexible' wage model to control costs

    In their bid to maintain a tight lid on wage costs, pruned during the downturn, companies could move toward offering flexible employee benefits while restoring the compensation structure that had been changed as part of salary freezes.

    China syndrome haunts India Inc

    China syndrome haunts India Inc

    Bharti-MTN deal failure raises questions as to whether Indian companies are facing the same fate as Chinese cos whose moves were thwarted by interests that didn't favour their ownership.

    Camlin looks to sell arm's pharma business

    Camlin looks to sell arm's pharma business

    Camlin, the maker of a popular range of stationery products, is exploring options to sell the pharmaceutical businesses of subsidiary Camlin Fine Chemicals.

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