Tata Motors Ltd said on Tuesday it had accepted an offer from Italy's Fiat, an existing joint-venture partner, to collaborate with it on its long-planned, cheap small-car project.However, the extent of collaboration would be limited, a senior Tata official said.

"At the stage at which we are today, where design and styling has been frozen and vendors have been fixed, the scope for involvement is limited," said Ravi Kant, Managing Director at Tata Motors.

"Perhaps, some fine-tuning can be done," he said.


Courtesy : Express India.com

US chief executives are being shown the door at a record pace, but recent surveys suggest that many companies remain unprepared to find a new CEO in a hurry.Planning for CEO succession is considered one of the most important tasks of corporate directors, but surveys of board members suggest that companies often don't have very good plans in place for tapping a replacement - especially in emergencies such as when a CEO suddenly resigns or dies.

Boardroom experts say directors are more aware of the issue than before, in part because CEO turnover has been so heavy lately, but that board members still don't spend enough time on formal planning for succession.

They say succession has always been a tricky boardroom topic because there is no guidebook on how to pick a replacement-in-waiting. Also, experts say many boards traditionally have deferred too much to the current CEO - who might not be eager to discuss the possibility of his or her sudden death or departure or want to groom a successor ready to move into the corner office at a moment's notice.


Courtesy : Express India.com

Bharti Airtel shares on Tuesday surged 3.61 per cent and touched a one year-high on robust quarterly results, making the company the third most-valued firm on the stock exchanges.The telecom giant's shares gained 1.89 per cent or Rs 12 to close at Rs 689.15 with over 3.93 lakh shares changing hands at the BSE. Its market capitalisation soared above Rs 1,30,000 crore, only next to ONGC and Reliance Industries.

Bharti scrip touched its 52-week high of Rs 700.80 in intra-day trading on the Bombay Stock Exchange.

The market cap charts today saw a lot of upheaval in positions among the top ten companies with PSU major ONGC regaining its position as the most valued firm in the country.


Courtesy : Express India.com