New CII President B Muthuraman on Wednesday said an amnesty scheme for unearthing black money is feasible provided the government gives a strong message that those not declaring this type of funds will go to jail.
He is acknowledged as the person behind transforming Tata Steel into the world's 11th largest steel-maker.
Tata Steel's profitability per tonne is the best in the world, despite its small production base.
The probe, being conducted under various sections of the Prevention of Money Laundering Act, is against the Kallal Group and the UK-based Lyca group and its Indian companies Lyca Productions and Lyca Hotels, it said.
Confederation of Indian Industry president B Muthuraman on Monday met Prime Minister Manmohan Singh and apprised him about the chamber's priorities for the year, including skill development and its commitment towards weaker section of the society.
B Muthuraman said while the Indian industry must seek to make growth inclusive and sustainable and must work towards addressing various inequalities in society, affirmative actions cannot be made mandatory.
Per capita consumption of steel in India is 49 kg, against the world average of 182 kg.
Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus.
The incident occurred when BJP members, all set to release the balloons, burst firecrackers while garlanding a farmers wing state level office-bearer, Muthuraman at Padi on Friday.
"In less than three years, India will import 10 million tonnes of steel worth Rs 20,000 crore (Rs 200 billion)," said Muthuraman, addressing the 2nd Asian Mining Congress. In 2006-07, the country imported 3.9 million tonnes of the alloy.
The top slots at three Tata companies -- Tata Motors, Tata Steel and Tata Consultancy Services -- will be up for grabs in two years with incumbents Ravi Kant, B Muthuraman and S Ramadorai due to retire in 2009.
The company was also in the process of preparing the vision document for the year 2015.
An interview with Tata Steel Managing Director B Muthuraman
The academy will be inaugurated by 'Flying Sikh' Milkha Singh on May 29.
Mani Ratnam is experimenting with a real-life historical in Ponniyin Selvan, points out N Sathiya Moorthy.
Tata Steel Limited missed forecasts with a 47 percent fall.
Late cartoonist Mario Miranda, actors Dharmendra and Shabana Azmi, top mathematician M S Raghunathan, former Chief Vigilance Commissioner N Vittal and industry leader B Muthuraman were among those conferred the Padma awards by President Pratibha Patil in New Delhi on Wednesday.
Gautham Karthik talks about making his debut in Mani Ratnam's Kadal
Budget would have cascading impact on inflation and consumer demand.
The film was re-releaed after 48 years to commemorate B R Panthulu's birth centenary
While Muthuraman is suspected to be a Bharatiya Janata Party worker, Francis is believed to be a Communist Party of India activist, police said.
We need to first give priority to some other important issues such as affirmative action, skill development, growth of manufacturing and getting the mega projects off the ground, says Muthuraman.
The actor's younger daughter, Soundarya, who is directing her father in an animation movie Sultan, got engaged to Ashwin Kumar in Chennai on Wednesday.
"Yes, we will continue to hold on to our stake," Tata Steel's Vice-Chairman B Muthuraman told reporters on the sidelines of an industry event in New Delhi.
What strengthens this view further is that he is also the son-in-law of Pallonji Mistry, the largest single shareholder in Tata Sons, the controlling arm of the diversified Tata Group, with an 18 per cent stake.
Tata Sons cuts retirement age of non-executive directors from 75 years to 70.
B Muthuraman, vice chairman, Tata Steel, has been elected as the vice president of CII.
Tata Group is on an expansion spree in Karnataka, with new projects of its companies at various stages, including the proposed 100-acre Tata Consultancy Service campus here.
Coal behemoth CIL on Monday came out in support of the government proposal that miners share 26 per cent of profits with local people affected by their projects, while Tata Steel toned down its stance on the issue.
If you'd like to know more about Rajini the actor, Saisuresh Sivaswamy offers a wide selection.
Liquidity crisis and demand slowdown has forced Tata Steel, the country's largest steel maker, to put brakes on its greenfield projects in Jharkhand and Chhattisgarh.
Quoting Tata Steel managing director B Muthuraman, the daily said the target could be reached partly by improving manufacturing procedures at the Corus plants spread across Europe. The Indian conglomerate Tatas had acquired the Anglo-Dutch steel maker Corus for about $13 billion last year.
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