By-elections for two Lok Sabha and four assembly seat in Gujarat on Sunday saw low voter turnout, but remained peaceful, state elections officials said

Low voter turnout in state by-polls for  2 LS, 4 assembly seats

BS Reporter

Shopping portals must work to enhance their digital listening capabilities to address negative feedback

Managing online perception

Business Standard

A management professor coined a term when studying the cases of the disk drive industry. He said that its rapid generational change is to the study of business what fruit flies are to the study of genetics. Name the professor and the term. Connect CEO of Honeywell-David M Cote, CEO of Boeing W. James McNerney, former CEO of Home Depot & Chrysler Robert Nardelli. Founded in 1930, this brand gets its name from its first acquirer, a colony of German Pietists (Lutherans) in the US, called the Ebenezer Society or the Community of True Inspiration. It manufactured the first upright freezer for homes and the first side-by-side refrigerator. Name this brand and its current owner. In the 1920s, the founder of this brand sent his son to study at the ESC business school in Marseille. The son went on to study bacterio-logy  and work for the Pasteur Institute in Paris. This company originated in Spain and is named after the son. Name it. Which company is using this baseline Bring on Tomorrow?

The strategist quiz (306)

A management professor coined a term when studying the cases of the disk drive industry. He said that its rapid generational change is to the study of business what fruit flies are to the study of genetics. Name the professor and the term.

Answers to last week's quiz (#306)

The highest bidder in an auction of plots does not acquire any vested interest merely by depositing a percentage of the amount and earnest money. The bid must be accepted by the authorities otherwise there is no concluded contract. The Supreme Court held so in its judgment, UP Avas Evam Vikas Parishad vs OP Sharma, while setting aside the order of the Allahabad High Court. The Supreme Court reiterated that while accepting or rejecting the highest bid, the authorities were exercising their executive power and the correctness of the decision cannot be subject to judicial review. In this case, auction was conducted for shops and cinema in Bareilly and the highest bidder deposited a percentage of the money. However, the housing commissioner rejected the bid and returned the money. This led to litigation in various courts since 1977. The high court held in favour of the bidder. But the Supreme Court ruled that the high court was wrong on law and facts.Just and fair compensationThe Supreme C

Highest bid can be rejected

In limine rejection of an appeal by the high courts or the Supreme Court on ground of a delay in filing is quite common. But in limine rejection on merit by the courts is nothing but an ignominy. It is a humiliation and discomfiture put together.  The case I am discussing here is an apt example of the above.  It also smacks of harassment to the assessee.The Uttarakhand High Court did not admit an appeal filed by the revenue and rejected it in limine on the ground that there was neither any question of law nor any question of fact  as reported in 2012 (285) ELT 497 (Uttarakhand). The facts are simple in this case.  A Central Excise Assessee submitted a declaration for the purpose of obtaining benefit of notification No.50/2003-C.E. The assessee should have written 50 but by mistake wrote 49.  It was a clerical error.The revenue even accepted that the wrong number of the notification was by mistake and the goods were covered by notification No 50. The commissioner in-charge of adjudicati

Infructuous appeal by revenue creates litigation jam

Irrespective of the difficulties, taxpayers have to comply with the transfer pricing regulations and determine the arm's length price

Insurance valuation: A good benchmark for transfer pricing

Multi-level marketing schemes are about taking informed greedy positions

Careful what you wish for in regulations

Developing the Chabahar port in Iran addresses India's geopolitical as well as economic challenges

Lynchpin Chabahar

The conference is being held from May 30 to June 1, 2013

IIMs meet up at Goa to discuss 'Emerging Issues in Management'

The Central Paramilitary force would launch a joint operation with the state police in Chhattisgarh to combat Naxalites

Joint operation to fight Naxals in Chhattisgarh

CPI(M) today defied a ban on law violation programmes in the metropolis and staged a protest demanding return of money to those defrauded by the Saradha chitfund scam among others."The government is breaking the law every day and asking us not to hold law violations. The government is taking away democratic and political rights of opposition parties," Leader of the Opposition and CPI(M) leader Surjya Kanta Mishra told the rally before the law violation programme.CPI(M) state secretary and Left Front chairman Biman Bose said there would have been no need for law violation if Chief Minister Mamata Banerjee had agreed to the demands for a judicial probe into SFI leader Sudipto Gupta's custodial death and a CBI inquiry into the Saradha chit fund scam."There has been never an instance where law violation programme has been denied by the police and administration in the country," he said."The state government is saying it does not have money, but is spending crores of rupees on festivals," B

CPI(M) defies ban on law violation in Kolkata, holds protest

Press Trust of India

Trinamool Congress and BJP are trying to forge close ties before the 2014 Lok Sabha polls and have a "secret understanding" for the Howrah Lok Sabha bypoll on June 2, Congress today said.Repeating what CPI-M leader Buddhadeb Bhattacharjee had alleged a few days earlier, Union minister Deepa Dasmunsi said, "The Howrah bypoll has proved that BJP and Trinamool are trying to reach an agreement before the 2014 polls.""The TMC is having a secret understanding with BJP and we are sure that they will be part of NDA in 2014," Dasmunshi said, addressing a road show here.BJP's opting out of the race and BJP state president Rahul Sinha's appeal to the voters to vote against Congress and the Left have been interpreted here as a signal to get close to TMC before 2014.

Trinamool has secret understanding with BJP: Congress

Battlelines have been drawn for the June 2 bypoll to the Howrah Lok Sabha seat in West Bengal which will be an acid test for the ruling Trinamool Congress in the backdrop of the Saradha scam which has defrauded thousands besides the upcoming panchayat elections.The main contest will be a triangular one between the TMC, Congress and the CPI(M) though there are 13 candidates in the fray.The Trinamool Congress has fielded former India football captain Prasun Banerjee while Congress has fielded lawyer Sanatan Mukherjee and CPI(M) Sridip Bhattacherjee, a former party district secretary. 	Though BJP is not contesting on the instructions of national president Rajnath Singh, seen as a move to keep the door ajar for the TMC, a former NDA ally, a local BJP leader, Ranjan Pal, is in the fray as an Independent.The Congress and the TMC, which have fallen apart, had fought the LS seat jointly in 2009. The TMC had emerged winner. 	In 2009, the BJP had bagged 37,723 votes in the seat, which was 3.8 pe

Battlelines drawn for Howrah Lok Sabha bypoll

CEC urges Odisha govt to analyse price trends of ore sold by top miners including Odisha Mining Corp and compare the same with prevailing auction prices

E-auction of minerals in Odisha to be delayed

In a bid to attract entrepreneurs to set up mega food parks and sea food parks, the Odisha government's Food Processing Policy-2013 promises capital subsidy up to 20 per cent of the project cost with cap of Rs 15 crore to the special purpose vehicles (SPVs) formed for the purpose."The subsidy can also be in the form of equity participation from the government," read the policy.For setting up of industrial units in the parks, the policy allows 25 per cent investment subsidy of the project cost (excluding land cost) with a cap of Rs 2 crore.For women and SC&ST entrepreneurs, the subsidy will be 33 per cent of the project cost maximum up to Rs 3 crore. This will also be applicable for the units promoted in the KBK districts."The Odisha government has taken an initiative to bring out a food processing policy aiming at value addition and waste reduction of the farm produce thereby increasing the income of farmers, maximising direct and indirect employment generation opportunities, incre

Odisha's new food processing policy offers subsidy for mega food parks

The gram sabhas would decide the fate of bauxite excavation from the ecologically sensitive Niyamgiri hills

HC nominates observers for gram sabhas at Niyamgiri

Though Janata Dal candidate K Mahadev gave a tough fight, he lost by a margin of a little over 2,000 votes to Congress candidate K Venkatesh

Congress bags Periyapatna Assembly seat

Tamil Nadu seeks Rs 2,479 cr from Karnataka for the loss of crops due to non-release of Cauvery water during the irrigation year 2012-13

TN got more Cauvery water than required, says Karnataka

An inquiry has been ordered and it would take six months for production to get normal

Glochem fire loss put at Rs 50 crore

Net income of the company stands at Rs 160.62 cr vs Rs 432.32 crore, down 62.84%

Madhucon net slips 38%

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