Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Chinese telecom equipment manufacturers Huawei and ZTE on Tuesday hit back at a US House panel report that labeled both the companies as threat to US national security.
The accounting and audit fraternity clearly wants to disassociate itself from the DLF-Vadra saga.
Audit firm points out that the accounting rules do not permit companies to give interest-free loans even to their subsidiaries.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
Micromax has the highest tablet sales in the second quarter of the financial year 2012, ahead of Samsung and Apple.
Leading corporate lawyers and accounting firms have swung into action to interpret the grey areas in the multi-brand retail FDI policy and suggest follow-up action to clients before they start striking deals.
According to experts, the company might be trying to ape Amazon, the largest e-commerce player in the world.
Meru Cabs, launched in 2006, has everything going for it: A credible brand, loyal customers and a transparent pricing mechanism and technology. But, the only thing missing is profits. Meru wants to change that now. Says Meru CEO Siddhartha Pawha: FY13 will be focused towards achieving the last target.
Walmart's JV with Bharti hinges on policy clarity
Many bureaucrats have in the recent past switched sides to join companies.
At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government in a few weeks.
In CY2010, 9.9 million PCs were shipped, a growth of 30% over 2009, while in CY2011 total shipments went up by just 7.3%
Gulshan Rai, director general of the Indian Computer Emergency Response Team and coordinator of the committee on cyber laws, says the team is gearing up to address the increasing mobile Internet usage.
The world's largest retail chain, the $446-billion Walmart, is likely to be the first international player to take off in India with its supermarket format. The Bentonville-based US giant is, in fact, ready with a network of 195 stores across India if it decides to extend its back-end and cash-and-carry partnership with Bharti Enterprises to front-end retail.
The company, now a part of the BBC Worldwide family, is eyeing the projected magic figure of 50 million outbound travellers (Indians travelling abroad) by 2020.
Group's hybrid direct selling format also confuses industry
Even as the Centre is working overtime to roll out FDI in retail while the real decision might rest with the states, Arvind Singhal, chairman, Technopak Advisors, often referred to as the poster boy of the Indian retail sector, said the so-called big-ticket measure was "not the most important thing"for the sector.
Brand name rule might be waived for Swedish major's mega investment proposal, indicates DIPP; final revision of its application likely by end-August.
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