Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Thursday, June 4, 2009

Symonds to be sent home from World Twenty20

MELBOURNE: Australia all-rounder Andrew Symonds is being sent home from the Twenty20 World Cup in England for another off-field Symonds incident relating to alcohol.

Symonds has a history of off-field problems dating back to Australia's last tour to England in 2005, when he was banned for two matches after arriving drunk to a limited-overs international.

Cricket Australia chief executive James Sutherland confirmed Symonds' latest breach of the team rules was alcohol related and that his contract was subject to review.

"In isolation the breaches that I am talking about are not serious, but in the scheme of things, in the scheme of history, they are enough for it to be the final straw," Sutherland told reporters in Melbourne.

The latest incidents were not specified, with Sutherland not drawn on whether police were involved. It was reported Symonds attended a dinner at a Kensington hotel with the Australian squad on Wednesday night.

"In the last 24-48 hours he has broken a number of team rules," Sutherland said. "In the context of commitments Andrew has made to his teammates and to Cricket Australia in the last six months, it's the last straw. Unfortunately, it's a constant balancing act and it's just tipped too far today.

"Andrew is very disappointed and understandably upset. I'm disappointed in Andrew and I'm disappointed for Andrew. I'm quite sad about it."

Australia are due to play the West Indies on Saturday in their opening match of the Twenty20 World Cup.

The last time Australia lost a key player for a disciplinary issue on the eve of a major tournament, it was Symonds who came to the rescue.

He scored an unbeaten 143 from 125 balls against Pakistan in Australia's opening win at the 2003 World Cup, not long after star leg-spinner Shane Warne was suspended for a doping violation after testing positive to a diuretic.

It was Symonds' maiden ODI century after 55 matches and turned his international career.

An aggressive stroke player and renowned match winner, Symonds has been an integral part of Australia's limited-overs squad since 2003 and will be sorely missed in the World Twenty20. He has helped Australia win two World Cups in the 50-over format.

He averages almost 40 at an impressive strike rate of 92.44 in 198 limited-overs internationals and is ideally suited to the T20 format, where he averages 48.14 in 14 international matches.

Symonds played the last of his 26 Test matches in December, when he started treatment for an injured knee. He returned to the ODI squad in a series against Pakistan in the United Arab Emirates last month. He also played an important role in Deccan Chargers' recent win in the Indian Premier League in South Africa.

Symonds will turn 34 next week and selectors national demonstrated some frustration with him last month when they omitted him from the squad for the five-Test Ashes series in England which follows the T20 World Cup.

Symonds was last month offered a Cricket Australia contract for the 2009-10 season, but Sutherland has told him "we would take that offer off the table at this stage and reconsider our position."

The past 18 months have been the most tumultuous of Symonds' career. In January 2008 he was at the center of the "monkeygate" scandal in the home series against India, when he accused Indian spinner Harbhajan Singh of making racist remarks to him.

Symonds was dissatisfied at Cricket Australia's response in the ensuing investigation. He missed the return tour to India after going fishing rather than attending a team meeting ahead of a limited-overs series against Bangladesh in September.

The big-hitting all-rounder was ordered to undergo counseling before being eligible for selection again, and won a recall for the series against New Zealand in November.

Symonds was only one Test into his comeback when he was subjected to an investigation following reports of a bar fight in Brisbane with a drunken fan. He was cleared of that charge but fined again in January for making derogatory comments about a New Zealand player in a radio interview, when he was allegedly drunk.

He has admitted to struggling with alcohol.
Source

Wednesday, April 23, 2008

DLF Indian Premier League

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Tuesday, April 1, 2008

Dabur Pharma plans majority stake sale

Six years ago Dabur demerged its pharma business from its FMCG operations but then last year Dabur Pharma sold its non oncology portfolio to Alembic and now the Burmans may very soon exit the business altogether. Dabur Pharma is set to sell majority stake to German company Fresenius and post sale the Burmans are likely to become minority shareholders.

The option of selling the entire 65 per cent stake that the Burmans hold in the company is also being considered. At current market price the value of that stake is close to Rs 600 crore but the Burmans are looking at an exit premium and is keen on Rs 900 crore. Dabur Pharma in 2007 sold its non oncology formulations business to Alembic for about Rs 160 crore to focus only on the high margin cancer cure space.

The global oncology generics space, say sources, is the next big frontier with patent expiries worth $8-10 billion expected in the next 2 years. Dabur Pharma too is likely to get two exclusivity opportunities in FY''09-10. No wonder the promoters are seeking such premium from Fresenius, which so far has been the world''s largest provider of dialysis products and services.

RBI fully geared to control inflation, says Reddy

Concerned over ballooning inflation, the Reserve Bank on Monday hinted at tighter monetary measures in its forthcoming credit policy, saying it was in "full readiness" for appropriate action to contain prices.

"Inflation is unacceptably high. We are very concerned and we are in full readiness to take appropriate action to contain inflation," Reserve Bank Governor Y V Reddy said, a month ahead of the credit policy, to be announced on April 29.

Inflation spiralled to 6.68 per cent, much beyond the RBI''s comfort level of five per cent, prompting Finance Minister P Chidambaram to stress that the government would take all measures, monetary, fiscal and supply side, to combat it. Attributing the sudden spurt in inflation to a surge increase in prices, mainly of food, fuel and metals, Reddy said that some inflationary pressures were expected when the central bank reviewed its monetary policy in January. "Inflation has (now) turned out to be well more than anticipated," Reddy said on the sidelines of a function in Mumbai.

Gujarat Ambuja to commission soybean plant in MP

Ahmedabad-based agro-processing company, Gujarat Ambuja Exports Limited ( GAEL), will be putting in around Rs 85 crore this year in two different ventures. Guj Ambuja will commission a 1,200-tonne per day (tpd) soybean processing plant at Mandsaur in Madhya Pradesh at an investment of Rs 50 crore. GAEL already has soya processing plants at Kadi and Nani Kadi in Gujarat, at Pithampur in MP and at Kanheri in Maharashtra. The new plant is expected to go on stream in October-November 2008. With this, the company''s soya processing capacity is expected to touch 4,700 tpd.

Under the mandi venture, the company is looking at sourcing oilseeds and other products from farmers. As many as 8 mandis have already been established and 20 more are in the process of being set up in Madhya Pradesh, Maharashtra and Rajasthan. Around Rs 35 crore is expected to be invested in the venture. Of late, the company started production at its new maize processing plant at Sitarganj in Uttarakhand, which has a capacity of 500 tonne per day. The plant has been set up with an investment of Rs 60 crore through internal accruals.

CDC Software Completes Acquisition of Majority Stake in Leading

CDC Software, a wholly owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, today announced it completed its acquisition of a 51 percent stake in Integrated Solutions Limited, a Hong Kong-based vendor of ERP systems designed for small and medium-sized discrete manufacturers in China. With this investment, along with our award-winning solutions, services, extensive infrastructure and deep expertise of the China market, we are now strongly positioned to more fully exploit the significant opportunities in the largest manufacturing market in the world, said Peter Yip, executive chairman of CDC Software.

We plan to leverage ISL''s impressive track record of hundreds of successful deployments in southern China as we expand our market presence throughout the country. With our highly-popular Ross Enterprise applications for process manufacturers and the addition of ISL''s applications for discrete manufacturers, we now have solutions for the entire industry. A top priority for us will be to expand rapidly in China, particularly targeting the millions of small and medium-size manufacturers with our complementary software solutions. As previously announced, ISL joins CDC Software''s successful Franchise Partner Program that includes Franchise Partners located in India, Argentina, Spain and Mexico. Under this program, CDC Software establishes strategic relationships with partners in selected geographies through majority control, as well as minority investments.