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CPSUs asked to tie up with 100 SMEs each
The industry minister Raghunath Mohanty today urged the Central Public Sector Undertakings (CPSUs) in the state to register at least 100 vendors under their wing within a year to facilitate growth of the Micro, Small and Medium Enterprises (MSMEs).

What to expect in 2010
At the end of 2008, banks were staring at a slowing economy, souring retail loans and a tanking stock market. The focus, especially of private and foreign banks, was on containing losses rather than growing.

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Toyota Motor Corp bets on fuel efficiency
The world’s biggest carmaker by sales, Toyota Motor Corp, is developing 10 per cent more fuel-efficient small car for launch in India by early 2011 to beat market leaders Maruti Suzuki and Hyundai.
Public Relations

CLB upholds appointment of H V Lodha in Birla Corp board

New Delhi, Oct 19 (PTI) The Company Law Board today dismissed a petition challenging the appointment of Harsh Vardhan Lodha, son of late R S Lodha, on board of Birla Corporation. - CLB allows Satyam to finalise accounts for 2008-09 - BSLC to give Rashtriya Ispat raw material security - Govt-appointed directors work for free to revive Maytas Infra - Administrative enquiry into mining scam to cover all tainted leases of state - Birla Corp hits 52-week high on record profit - No interim stay on Hyd Metro: HC Passing an order on a petition challenging the appointment of Harsh Vardhan Lodha, CLB Chairman S Balasubramanian said the plea was motivated and aimed at ousting Lodhas from the management and not for protecting the interest of the company. The petition was filed by Jodhraj Laddha, Arun Kumar Jhunjhunwala, Kanupriya Bagrodia, Sunita Parasramka, S Chatterjee and Rameshwar Jute Mills. "Limited allegation in relation to the affairs of the company has also not been established... The reading of the petition would show that the grievances of the Birlas through the petitioner is against Lodha as a person, and therefore the purpose is to attack him and similarly (in) the application, they are against Harsh Lodha. In other words the petition is not against the company," Subramanian said in his order. He said after an overall assessment of the merits of the case, the petition deserve to be dismissed on various grounds. "Accordingly I dismiss the petition, all subsisting interim orders," he added.


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