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Shoppers Stop gets board's nod for raising funds
Fashion and lifestyle retail chain Shoppers Stop today said its board of directors has approved raising funds by allotting 40 lakh shares to qualified institutional buyers.

'Luxury' Tata Nano's success helps avoid price war
Tata Motors Ltd Chairman Ratan Tata had 500 engineers work for four years designing the world’s cheapest car, convinced cost-conscious Indian drivers could live without air-conditioning and cup holders. He was wrong.

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ICAI, audit firms against autonomy to govt banks in choosing auditors
The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive.
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Fix reasonable targets: Plan Comm to road ministry

Not impressed by the ambitious plans announced by Road Transport and Highways Minister Kamal Nath, the Planning Commission has advised the ministry to fix a “reasonable target” for construction of roads this year. “...Fix a reasonable target for award of contracts in the rest of the current year and raise it subsequently as soon as possible,” the commission said in a communiqué to the highways ministry. The commission pointed out to the ministry that it would not be able to award road construction contracts for more than 3,794 km in 2009-10, against a target of 12,652 km. - Sanjaya Baru: 2020 is just ten years away">Sanjaya Baru: 2020 is just ten years away - Tower of Babel - Letters: Ridden with roadblocks">Letters: Ridden with roadblocks - NK rides again - Do we need to rethink PPPs? - Bill to professionalise mgmt of transport corps The ministry, the communiqué said, should adopt a programme fully in line with Prime Minister Manmohan Singh’s Independence Day statement, in which he had said, “initiate action to construct 20 km per day (7,500 km per year)”.


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