Considering demand for cutting tools, company is gearing up the investments in infrastructure, manpower and marketingHaving shifted its operations from Singapore to India recently, Swedish metal cutting tools manufacturer is planning to expand its base in India to capture business in the Asia Pacific region.Considering the demand for cutting tools, it is gearing up the investments in infrastructure, manpower and marketing as well as in research and development.  The company has acquired around 25,000 square meter land adjoining its existing production facility in Pune to expand its production capacity in the state.Lars Bergstrom, group president & CEO, Seco Tools said, "Product innovation continues to be one of the key strategies for growth at Seco Tools. With the addition of new products that are being launched, we are continuously strengthening our product offerings to our customers."He,however, did not disclose the financial details about the expansion.Bergstrom further added,

Seco Tools eyes India for Asia Pacific business

BS Reporter

The Supreme Court ruled last week that the claims of workers who contend that they are entitled to payment from a company in liquidation have to be considered and adjudicated by the liquidator of the debtor company and not by the debt recovery tribunal. Laying down 12 rules in the judgment, Bank of Maharashtra vs Pandurang, the court stated that if the debtor company is not in liquidation nor any provisional liquidator has been appointed and merely winding up proceedings are pending, there is no question of distribution of sale proceeds among secured creditors. Where a company is in liquidation, a statutory charge is created in favour of workmen in respect of their dues over the security of every secured creditor and this charge is pari passu with that of the secured creditor. Such statutory charge is to the extent of workmen's portion in relation to the security held by the secured creditor of the debtor company. Earlier, there were differences among judges on the priority for payment

Twelve rules on workers' claims

Business Standard

Rule 10 of the Cenvat credit rules should be redrafted appropriately so that credit transfer is exercised as a matter of choice

Mergers & amalgamations: Practical issues in Cenvat

It tells the complete value creation story and helps enforce accountability of firms towards society

Integrated reporting: Concept capital

It's wrong to assume that the SC has taken a position that larger public interest is more important than smaller violations of right to life

Kudankulam case: A Daniel's judgment

BEL (Bharat Electronics Limited) Uninor has branded auto-rickshaws, milkmen and newspaper vendors selling SIM cards and recharge vouchers at customers' doorsteps in the state of Maharashtra Mrs. Watanabes Havaianas. The flip flops brand launched in 1962 with the goal of outfitting Brazil's peasants by a Scotsman, Robert Fraser, who was inspired by traditional Japanese Zori. It is owned by a Brazilian company called Alpargatas. The head of this family owned company Dirce Navarro de Camargo South Korea's Jinro, the world's top selling spirits brand endorsed by Gangnam star Psy, is being introduced in India. Jinro is a soju drink, which is a South Korean distilled spirit made of grain Bank of America and Merrill Lynch which is its subsidiary The authors of the book Playing to Win - How Strategy Really Works, AG Lafley (former CEO of P&G) and Roger L Martin (dean, Rotman School of Management) dedicated their book to Peter Drucker The ownership of all these airlines is held by foreign

Answers to last week's quiz (#304)

A group of suspected Naxalites raided the premises of Doordarshan Kendra in Jagdalpur late last night and gunned down three jawans besides injuring another seriously

Naxals kill 3 in Doordarshan raid

The Odisha police have decided to continue raids on fraudulent chit fund companies

Over 100 detained in chit fund raids

The board plans to organise campaign meetings from June 10 to July 19 in the traditional rubber growing belts

Rubber Board campaign on improving quality

The total length of the RoB is 425 metre, including the railway span of 46.80 metre

RoB as part of Kochi metro completed

90 paise hike in diesel prices was not unjustified: J Jayalalithaa

TN demands rollback of diesel price

BJP was swept away by the anti-incumbency with Congress securing 121 seats to return to power without any clutches after seven years

No move for Yeddyurappa's return: BJP

Press Trust of India

The forum, comprising presiding member S R Khanzode and member S B Sawarkar, passed the order on an appeal filed by Mathew Varghese against S S Construction last week

'Builder held liable for not delivering possession'

German Bakery, the eatery that came into focus after a bomb blast that killed 17 patrons and injured over 60 others in 2010

German Bakery reopens in Pune

The base variants of the Enjoy has be strategically priced at Rs 49,000 and Rs 70,000 cheaper than the Ertiga for petrol and diesel variants respectively

Work speeds up at Halol for Enjoy

Textile industry estimated to invest Rs 1.8 lakh crore over ten year period

Fibre makers bullish about National Fibre Policy

Name the company that came out with the advertisement, "The Message that Saved His Life", in 1964

The Strategist Quiz (#304)

A majority of the Indian youth with smart phones believe it aids in informed shopping experience

The smart shopper

Recently, the Supreme Court's observation that CBI was a "caged parrot" that "speaks in its master's voice" has brought the issue of autonomy for the investigating agency in focus. In an interview with Avantika Bhuyan, former CBI chief, Joginder Singh, talks about the political pressures of working at the agency and the way forwardDo you agree with the Supreme Court's observation? What are the political pressures facing CBI?What it [the Supreme Court] has said is true to an extent. For instance, for hiring an advocate to represent CBI in a case, one has to go to the law ministry. Then one has to go to the home ministry for Interpol and inter-state related matters. It is the home ministry that also sends cases from other states.At what levels is there political interference during an investigation? Any examples from your tenure?When I was heading CBI, I firmly believed that no one gives you independence - you have to snatch it. I was of the opinion that if you have given me the responsi

Unless the PM tells you something thrice, don't take it seriously: Joginder Singh

The Saradha scam in West Bengal has rocked the boat a bit, but the chit fund companies operating in Tamil Nadu are far from sinking

Chit funds, the south side story

Says that within six months of its launch, the party has become eligible for recognition by the EC by winning 10% of the votes polled

Split in BJP votes helped Cong: Yeddyurappa

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