Tata Steel is to form a committee to undertake a social audit of its Kalinganagar project in Orissa, in a bid to counter allegations on the negative impact of industrialisation. Said H M Nerurkar, managing director of Tata Steel said, “We will form a committee comprising eminent persons to undertake a social audit. I am [...]
Ganapathy Viswanathan The cause related marketing or CSR activities is being deployed by many corporates and companies to strengthen their presence in the media on an ongoing basis. While some companies have been working on CSR responsibility with lot of focus and energy there are others who have not diverted completely towards this. One company [...]
While Tata Steel is expecting a 10% demand growth in India during FY11, the company is worried about increasing raw material prices this year that is likely to hit its production costs, particularly, for Corus in Europe. For most steel companies, depending on their raw material security, working capital needs are also likely to shoot [...]
Bharti Wal-Mart wants to source $1-billion worth of goods from India and help the country become a food exporter, says Scott Price, president and CEO of Wal-Mart Asia. As Wal-Mart pans out in the country through its cash-and-carry Best Price stores in tieup with the Bharti Group, it wants to develop India into a sourcing [...]
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