Cross Country Healthcare Seeks to Acquire Medical Doctor Associates.
HEALTH AND BEAUTY CLOSE-UP-24 July 2008-Cross Country Healthcare Seeks to Acquire Medical Doctor Associates(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com Cross Country Healthcare announced that it has entered into a definitive agreement to acquire substantially all of the assets of privately-held MDA Holdings, Inc. (MDA) and its subsidiaries for...

Societe Generale Acquires Majority Stake in TCW.
This transaction enables SG Asset Management, a wholly-owned subsidiary of the Societe Generale Group, to acquire a major platform in the United States and strong expertise in the management of American assets. At the same time, it provides TCW with a distribution capacity...

Analysts' picks: RCoM, Info Edge India, Cipla, Sterlite Industries.
Info Edge India CMP: Rs 984.50 Target Price: Rs 1,301 ICICI Securities (I-Sec) has maintained a buy rating on Info Edge India taking into account its robust business model and expansion in revenues. According to I-Sec, Info Edge's fourth quarter results exceed market...

Gain for foreign workers in India.
Byline: Prabhakar Sinha NEW DELHI: P Chidambaram has made the life of non-resident employees working in India, who have been given ESOPs (employees stock option schemes) in India, easy. At present, government levies fringe benefit tax (FBT) on the company at 33.99% on the total...

SBI investors to get shares at 36% discount in rights issue.
MUMBAI: The board of State Bank of India (SBI) on Monday cleared the proposal to raise capital through a rights issue in the ratio of 1:5. The rights issue will be at a steep discount of 36% over Monday's price. SBI has pegged the rights issue at Rs 1,590...

Budget with ET: India Inc may get FBT breather.
Byline: Deepshikha Sikarwar NEW DELHI: Bruised by the fringe benefit tax (FBT) on stock option plans for their employees in the previous budget, corporates may expect some good news in the forthcoming one. The finance ministry is toying with a proposal to provide some relief to companies...

The fine print of the Budget.
Lost in the fine print of the Finance Bill and the Explanatory Memorandum is stuff that you should actually know about, like: l Did you think there was something favourable relating to FBT on ESOPs? Unfortunately, no. Even if your employer has collected the FBT payable in...

RCOM opens ESOP kitty for 20,000 employees.
(##include msid=2459375,type=9 ##) MUMBAI: Anil Ambani-promoted Reliance Communications (RCOM) on Sunday announced an employee stock options (Esop) scheme for all 20,000 employees of the company and its subsidiaries. The company will offer 1.75 crore shares in what it described as the biggest Esop scheme by an Indian...

FIs, investors prefer green company.
Byline: Nidhi Sharma & Ashish Kumar Mishra MUMBAI: Before Indian companies aspire for a global geographical footprint, they need to look closer: At their carbon footprint, the net greenhouse impact their operations leave on the environment. In a world that is becoming increasingly sensitised towards environmental intervention,...

Market mayhem takes sheen off esops.
Byline: Mahima Puri (##include msid=2459375,type=9 ##) NEW DELHI: Employee stock options, or esops, have always been considered one of the best tools to not only recruit the best talent in the country but also to retain it. Corporate corridors have buzzed with instances of executives...