The Hindu Business Line : Thursday, April 26, 2007

FOREIGN RELATIONS
LNG deal: Deora may meet Iranian President
The Petroleum Minister, Mr Murli Deora, is to meet the Iranian President, Mr Mahmoud Ahmadinejed, on Thursday, to pursue commitments made by Iran, which include supply of five million tonne liquefied natural gas (LNG) annually for 25 years ... More

ACCOUNTANCY
Financial statements have become unintelligible to lay readers
Three out of four CFOs (chief financial officers) say that companies should send to shareholders soft copies of financial statements, rather than the printed booklets. Almost one in two CFOs `strongly recommend' industry specific accounting ... More

SSI
Metal SMEs allowed to hedge risk in global exchanges
The RBI has also allowed actual users of aviation turbine fuel (ATF) to hedge their economic exposures in the international commodity exchanges based on their domestic purchase. More

FINANCIAL PERFORMANCE
Godrej Consumer Q4 profit up 29%
Godrej Consumer Products has recorded a 28.94 per cent increase in net profit at Rs 38.8 crore for the quarter ended March 31, compared to Rs 30.16 crore for the same period last year. The total income (net of excise) grew 14.36 per cent to ... More

SOFTWARE
US co eyeing Indian firms to expand Linux ecosystem
The US-based Open Invention Network is seeking out "big Indian firms" to licence out open source products. Recently, Oracle became a licensee of patents held by OIN and the firm is now looking at Indian firms to expand the Linux ecosystem, ... More

ENTERTAINMENT & LEISURE
Paprikaas to double headcount to 340 in 6 months
Building a 1-lakh sq ft studio at ITPL, Whitefield More

OUTLOOK
ITC-ILTD eyes N-E region for growing spices
Indian Leaf Tobacco Development (ILTD) Division, the leaf tobacco arm of ITC Ltd, having forayed into the business of organic spices in a big way, is now looking at the North-East region for development of spices. The Division has already ... More

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