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Corporation Bank total biz to cross Rs 1,50,000-cr mark
Buoyed by healthy growth in the first quarter, public sector Corporation Bank today said it expects its total business to cross Rs 1,50,000-crore mark during the current fiscal.

Lyondell gets creditor backing for recast plan
Netherlands-based LyondellBasell Industries (LBI) today said it has got creditor support for a reorganisation plan, under which around $18 billion debt will be converted into common equity.

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Bhupesh Bhandari: Brand them into the dust
The annual Brand Derby, the results of which were published last week in The Strategist, threw up some interesting results. First, right on top amongst the 2008 brand launches were two all-Indian entries — the Indian Premier League and Nano. Second, of the 26 brands rated by the 90 respondents, 13 came from Indian-owned companies — three cars, two direct-to-home services, two films, two apparel brands, two FMCG products, one general entertainment channel and IPL. And third, seven homespun brands made it to the ranks of the 16 most successful brand launches. The lessons to be drawn are: One, Indian marketers, if they want, can build strong brands. IPL and the Nano have gained recognition the world over. Amongst the six FMCG brands in the Derby, the one that was ranked on top was Mother Dairy’s Nutrafit probiotic milk drink. Two, companies across categories have come to realise the importance of a brand in a cluttered market.
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India ranks 123 in pollution control; Iceland tops

India ranks 123 in 2010 Environmental Performance Index (EPI), while Iceland leads the world in addressing pollution control and natural resource management challenges, the latest EPI index has revealed. - Not the change he wanted - BASIC ministers task IPCC with need for rigour in climate reports - BASIC Group joins hands to shape Copenhagen-II - PM rejects UN deadline for submitting emission targets - World climate event set for March 27 - UN climate panel to review claim on natural disasters: report Of the newly industrialised nations, China and India rank 121 and 123 respectively - reflecting the strain rapid economic growth imposes on the environment, said the report released today at the World Economic Forum Annual Meeting 2010. However, Brazil and Russia rank 62 and 69, suggesting that the level of development is just one of many factors affecting placement in the rankings. The EPI is produced by a team of environmental experts at Yale University and Columbia University. This is the third edition of the EPI, which has been revisited biannually since 2006. The EPI ranks 163 countries on their performance across 25 metrics aggregated into ten categories including: environmental health, air quality, water resource management, biodiversity and habitat, forestry, fisheries, agriculture, and climate change. The US is ranked 61, with strong results on some issues, such as provision of safe drinking water and forest sustainability, and weak performance on other issues including greenhouse gas emissions and several aspects of local air pollution. This ranking puts the US significantly behind other industrialized nations like the Britain (14), Germany (17) and Japan (20). Over 20 members of the European Union outrank the United States. The United States" ranking does not reflect the recent policy activities of the Obama Administration, as the 2010 EPI builds on data from before 2009. Iceland"s top-notch performance derives from its high scores on environmental public health, controlling greenhouse gas emissions, and reforestation. Other top performers include Switzerland, Costa Rica, Sweden and Norway - all of which have made substantial investments in environmental infrastructure, pollution control and policies designed to move toward long-term sustainability. Occupying the bottom five positions are Togo, Angola, Mauritania, the Central African Republic, and Sierra Leone -impoverished countries that lack basic environmental amenities and policy capacity. "At the Copenhagen Climate Conference last month, reliable environmental performance data emerged as fundamental to global-scale policy cooperation," said Daniel C. Esty, director of the Yale Center for Environmental Law and Policy and the Hillhouse Professor of Environmental Law and Policy at Yale. "The 2010 EPI shows the potential for a much more analytically rigorous approach to environmental decision making, but substantial investments in indicators that are systematically tracked and transparently displayed will be needed," Esty said.


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