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Domestic steel cos 'better placed' than global peers in India
Notwithstanding the presence of global steel giants like ArcelorMittal and Posco in the country, domestic steel firms are still "better placed" to grow in the lucrative Indian steel market, global research firm Macquarie says.

Maha govt staff call off proposed strike
The government employees in Maharashtra today called off their proposed strike which was sheduled to begin tomorrow, saying the state government has accepted "most of their demands" including payment of HRA as per Sixth Pay panel recommendations from this month.

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ICICI emerges stronger in 2009; trends positive: Kochhar
Describing the third quarterly performance of the bank as "very positive", ICICI Bank Managing Director and CEO Chanda Kochhar today said the bank has emerged stronger on all parameters recording an operating profit of 22 per cent minus treasury income.
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Infosys BPO likely to get new CEO by Jan 15

Infosys BPO is likely to get a new Chief Executive Officer (CEO) by January 15, a top company official said. - Job market looking up: Infy"s Pai - Infosys BPO to buy US back-office company - Infosys BPO eyes firms worth $50-200 million - MoU signed to set up rural BPO centres in 22 AP districts - Pai to head Sebi"s internal audit committee - Infosys logs on to luxury with world"s largest training centre "We will announce the appointment of a new CEO by January 15," Infosys Board Member T V Mohandas Pai told reporters on the sidelines of a press conference here today. The company"s CEO Amitabh Chaudhry quit the firm on November 23. The IT firm would first scout for a suitable candidate from within the organisation, but would also look externally, Pai said. Chaudhry, who took over as the CEO of Infosys BPO in March 2006, will, however, remain the acting Chief for the period, Pai said.


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