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Govt ready to deal with Satyam-like frauds: Khurshid
The government today said India is more prepared to deal with a Satyam-like fraud that hit the corporate world with the disclosure of about Rs 10,000 crore fudging of accounts by the founder of the IT firm B Ramalinga Raju a year ago.

UP sugar mills to start crushing soon to recover losses
Despite uncertainties over cane pricing, sugar mills in Uttar Pradesh plan to commence crushing as early as possible, in order to avoid any recovery loss which may impact their operating performance.

News of the day

Govt decision on IHFL sale likely in 3 months: Official
Public sector lender IDBI Bank expects government"s decision on the sale of its Pune-based home loan subsidiary -- IDBI Home Finance (IHFL) -- in the next three months, a top official said.
Online Business

VLCC keen on IPO for expansion

Delhi-based wellness chain VLCC will soon float its Initial Public Offer (IPO) to raise funds for expansion.The company had earlier postponed the IPO due to adverse capital market conditions following the global meltdown.“We are on with the IPO plan for expansion,” VLCC regional operations head Surabhi Singh said.VLCC is looking at investing Rs 400 crore on expansion in near future. It has 225 centres in 75 Indian cities, besides 10 international centres in the UAE, Oman, Bahrain and Nepal.


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