Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
The company is accused of overlooking local community's interests.
According to a British magazine, 59-year-old Mittal, who bought a 20 per cent stake in Queens Park Rangers Football Club for 200,000 in December 2007, is considered the wealthiest man among football club owners, with an estimated value of 18.4 billion at his command.
Tata Group-owned British car maker Jaguar Land Rover announced on Wednesday that it had secured a 175 million (Rs 1,300 crore) from State Bank of India. This comes over and above the $90 million (Rs 420 crore) committed export financing facility with ABC International Bank, the company said.
Union minister for law and justice M Veerappa Moily said India was committed to opening its legal sector to foreign law companies as agreed under the World Trade Organization negotiations, but would tread cautiously on this decision. At the same time, the country would not do anything that undermined the autonomy of the Bar Council of India, he added.
Korn/Ferry is a global leader in executive search. For the quarter ended July 2009, its fee income fell over 40 per cent to $116 million from a year ago and the company reported a net loss of $14.3 million as against a profit of $15.3 million in the year-ago quarter. Its chief financial officer, Michael A Digregorio and managing director for India, Deepak Gupta, spoke to Bhupesh Bhandari and Amit Ranjan Rai on the emerging opportunities and challenges.
UK-based news magazine, The Economist, on Monday named Tata Group Chairman Ratan Tata as the winner of the eighth edition of its annual 'Business Process Innovation Award' for the successful development and launch of the world's cheapest car, the Tata Nano.
Globally, most headhunters are down 40-50 per cent in revenue. But India, it seems, is ahead of the curve.
Job openings in the UK will be advertised for four weeks for local workers, before considering a non-European worker for the same position.
Advice: Earn juniors' respect, so that your looks cease to matter so much
Despite setting an ambitious target of generating revenues in excess of Rs 900 crore (Rs 9 billion), the organisers of the 'Commonwealth Games 2010 Delhi' expect the event to be "revenue neutral", meaning all that is earned through TV rights and other commercial deals will be spent on the game.
Globally, Perfetti Van Melle ranks third in the confectionery sweepstakes after Mars and Cadbury. But in India, it leads the pack with a 25 per cent share of the Rs 3,000-crore (Rs 30 billion) per annum market
The brand actually fell between two stools -- the beer went to SABMiller and the whiskey to Mallya. Who should promote it?
The package consists of a three-year committed facility to finance Land Rover's parts and accessories' inventories and receivables in the UK and the US. This is an important element of JLR's working capital financing to cover the key Land Rover parts and accessories' inventories and receivables part of our business, which has a high cash requirement, to function properly.
UK-based metals major Vedanta Resources came under more pressure as it was revealed on Tuesday that one of its group companies, Balco, is a supplier of refined aluminum to the Indian defence sector. This information is now being used by human rights campaigners to urge investors like the Church of England to divest from Vedanta Resources to keep in line with the church's policy of not investing in companies that are involved in any way in armament production.
Tata Motors has roped in international consultants Roland Berger Strategy Consultants (based in Munich) and KPMG to help its British car brands Jaguar-Land Rover trim costs and help manage cash flow.
As he uses the Ranbaxy money to expand his other businesses, in India and abroad, this young scion is clear about one thing -- he's not going to fight battles he can't win.
Campaigners from Hamburg-based (Germany) think-tank World Future Council, along with British charity ActionAid, protested against the Church of England and Middlesbrough Borough Council on Monday for investing their pension funds in UK-based metals and mining company Vedanta Resources Plc (with an $8-billion group turnover), whose reputation for trampling human rights and alleged unclean mining practices has been questioned before.
The unions are planning a major protest in Birmingham on July 27, at National Grid's annual general meeting. National Grid is a leading supplier of gas and electricity in Britain and the northeast region of the US. In an e-mail response to queries from Business Standard, a NG spokesperson said the company already outsources some information services support from India, from companies including Tata Consultancy Services, Wipro and Zensar Technologies.
Reportedly insists on no loan guarantee if the government is not allowed any say in the company's future.
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