Et news 26 sep


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Et news 26 sep

  1. 1. ET News<br />Damanbir Singh<br />MBA 2C<br />
  2. 2. ZF Hero in talks with Suzuki, Honda to supply parts in India<br />ZF Hero Chassis Systems, a joint venture between Hero Motors and Germany's auto component major ZF, with Suzuki and Honda to supply components in India. The company, which currently supplies axle assembly to General Motors India, will be investing Rs 100 crore to set up a new plant as part of an expansion strategy in India. <br />
  3. 3. CWG: Corporates chip in to spruce up Village, other venues<br /> After passing the buck, and muck, around for sometime, it’s time to pass the baton for that winning sprint in the final lap. And with the Games set to kick off next Sunday.India Inc is now chipping in to help the Commonwealth Games Organising Committee with logistics and hospitality issues in and around the beleaguered Commonwealth Games Village and at key venues. <br />
  4. 4. Cont….<br />ITC Hotels and the Oberoi group have lent a helping hand to maintain the games village, given their experience and expertise in handling hospitality and hygiene. Staff of the Sahara group and GMR, among others, will assist in the hospitality arrangements at the Delhi airport where the teams and delegates fly in, and some others are extending their expertise in healthcare services as well. <br />
  5. 5. Mahindra Satyam's delisting from NYSE unlikely to help<br /> Mahindra Satyam, formerly Satyam Computer Services, will delist from the New York Stock Exchange, or NYSE, after realising that it cannot meet the October 15 deadline for preparing financial statements under US accounting standards. The news triggered a massive 26% fall in its ADRs. The domestic shares fell 6%. Due to the late SEC filings, which are among the unfortunate results of the misdeeds of former management, delisting from the NYSE. <br />
  6. 6. IATA sees India airlines' 2010 loss $400 million<br /> The International Air Transport Association (IATA) expects Indian airline companies to narrow their combined loss to $400 million in 2010. State-run carrier Air India, which is currently going through a debt restructuring process, expects to pare losses by around 75 percent in FY11. <br />
  7. 7. Reliance Brands eyes acquisition, plans own label<br /> Reliance Brands, a subsidiary of MukeshAmbani-led Reliance Retail, is scouting for acquisition in the domestic market, besides launching its own luxury label in the next 18 months. The company, which at present predominantly focusses on men's range, plans to focus on women and kidswear categories<br />
  8. 8. Indian cos rank highest in employee engagement: Study<br /> Indian companies have been ranked the highest as compared to their global peers, when it comes to employees confidence and effective leadership in the firms. The annual WorkTrends report by the research arm of leading global HR solutions provider Kenexa, analysed the importance of leadership and managerial effectiveness to employee engagement and organisational success. <br />