30 firms named into topseos.in’s list of best PPC companies in India

October 8th, 2009 KOLKATA - Birla Corp, the flagship company of the MP Birla Group, has been included in the "Best Under a Billion" list by the Forbes Magazine. Altogether 200 companies feature on the list picked up from more than 25,326 publicly listed firms with sales of less than $1 billion in the Asia-Pacific region, a Birla Corp release said Thursday.

September 24th, 2009 WASHINGTON - Reliance Industries (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services are among the 13 Indian companies that have made it to the list of Forbes' 50 Best companies in the Asia-Pacific region. "Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton, Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL - and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings," Forbes Asia said in a statement.

September 19th, 2009 NEW DELHI - Over 24,000 people have asked big manufacturers of processed foods in India, including Nestle, Britannia and Hindustan Unilever, not to use genetically modified (GM) foods after Greenpeace put up a list of companies that could be using GM products. The NGO put up a list on the internet 11 days ago mentioning firms that did or did not say they used such foods.

August 13th, 2009 ISLAMABAD - At least 25,000 Pakistani and Indian companies traded goods worth Rs.74.32 billion ($900 million) last year, the National Assembly, the lower house of Pakistan's parliament, was informed Thursday. According to figures furnished by the trade ministry, 2,656 Indian companies traded goods worth Rs.8.92 billion with Pakistani companies, while 22,943 Pakistani companies had Rs.65.32 billion of trade with India, Geo TV reported.

August 3rd, 2009 NEW DELHI - A new Companies Bill was introduced in the Lok Sabha Monday with stringent clauses to deal with corporate frauds against the backdrop of the Satyam Computer Services scam, besides calling for special courts to prosecute offenders and addressing the needs of India Inc in today's globalised environment. The bill, introduced by Corporate Affairs Minister Salman Khurshid, is centred on stakeholder protection with the provision for class action suits that allow a group of people with similar grievance to file a joint petition.

July 27th, 2009 NEW DELHI - Dreamy-eyed Indian entrepreneurs hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding. It doesn't happen in India, not often anyway, investors and experts in the industry maintain.

July 27th, 2009 New Delhi, - A whopping 18,183 cases were filed against firms violating the Companies Act between Jan 1, 2008, and March 31, 2009, the government said Monday. Further, a total of 238 companies were identified as having "vanished" after cheating the public and siphoning off funds garnered by subscriptions to initial public offers (IPOs), said Corporate Affairs Minister Salman Khurshid in a written reply to the Rajya Sabha.

July 15th, 2009 CHENNAI - Venture capital (VC) firms investment has fallen in the first six months of this year, as compared to the corresponding period in 2008, according to a study. The study, conducted by Venture intelligence, a leading research firm in the venture capital space, and Global India Venture Capital Association, said VC firms invested $117 million in 27 deals in India with fund inflow picking up in the last two months of the period under review.

July 14th, 2009 NEW DELHI - Only 160 out of 419 central government-run firms made profits in 2007-08, contributing Rs.23,857.88 crore (Rs.238.58 billion/$4.86 billion) as dividend to the exchequer, the government said Tuesday. Government-controlled companies had contributed Rs.18,443.79 crore (Rs.184.44 billon) in 2005-06 and Rs.22,834.76 crore (Rs.228.35 billion) in 2006-07 to the central kitty, said Minister of State for Heavy Industries and Public Enterprises Arun Yadav in a written reply in the Rajya Sabha.

July 9th, 2009 NEW DELHI - The equity investment in 72 public sector undertakings of the central government has been completely wiped out due to successive losses, eroding the net worth by a staggering Rs.78,665 crore (Rs.786.65 billion/$16.1 billion), India's official auditor has said. Referring to the audit conducted for 281 companies, out of 419 central government-run firms, the Comptroller and Auditor General of India said these companies were under ministries for civil aviation, power, shipping, road transport, highways and consumer affairs.

June 30th, 2009 BAGHDAD - A group led by British Petroleum (BP) Tuesday won rights to develop Iraq's Rumaila oil field, the largest of six oil fields on offer in a two-day bidding war in Baghdad. BP and China's CNPC won the rights to develop the field in cooperation with Iraqi partners in a process that has pitted 32 of the world's largest oil companies against each other.

June 27th, 2009 KOLKATA - BK Birla Group of Companies will increase the promoters' stake in group firms like Mangalam Cement, Century Enka and Kesoram to around 50 percent in a few years, chairman Basant Kumar Birla said here Saturday. "It is desirable to increase promoter holding in group companies to half (50 percent) of company shares where we have low holdings," Birla said on the sidelines of the annual general meeting of Century Enka.

June 15th, 2009 NEW DELHI - The government is "strongly considering" to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, Coal Minister Sriprakash Jaiswal said Monday. "We are strongly considering to allow commercial coal mining by private firms," Jaiswal told reporters here.

June 6th, 2009 PATNA - The Bihar government has declared 73 construction companies, including several prestigious firms engaged in road construction in the state, as "defaulters" after they failed to complete projects on time, officials said Saturday. These companies would not be allowed to participate in any tenders for road construction, the officials said, adding Road Construction Minister Prem Kumar was unhappy with the companies for the delay in completing roads within the deadline set by the government and ignoring warnings to speed up the construction of roads.

May 14th, 2009 NEW DELHI - India's service sector is set to grow substantially in the next 12 months, though its business activity prospects remain lowest in the BRIC block comprising Brazil, Russia, India and China, says a survey by global auditing agency KPMG released Thursday. April's BRIC Business Outlook Survey, which covered around 1,400 service sector firms in the BRIC nations, said 31.1 percent of Indian companies saw their activity levels expanding, up from 15.3 percent last autumn.