Salmond to make case for Scottish independence next month

Salmond to make case for Scottish independence next month

First Minister Alex Salmond will use the Institute of Directors (IoD) annual convention next month to make the case for Scottish independence.

Salmond will try to convince British business leaders, who are eager to know what Scottish independence would mean for them. The case of Scottish independence is a big question for business leaders as it would have considerable effects on businesses.

Speaking on the topic, the institute’s director general Simon Walker said, “This is a question that concerns companies from all parts of the country and I am delighted the First Minister has chosen the IoD's annual convention as the place to put his case to them.”

Walker also highlighted Salmond’s comments on proposals to hack corporation tax, deliver inducements for the renewable energy industry and set up different tax rates on air passengers.

Apart from Salmond, the annual convention will hear from former BP group chief executive Lord Browne, Royal Mail chief executive Moya Greene and drinks firm Diageo’s chief Paul Walsh.

The Institute of Directors annual convention is scheduled to take place at the O2 Arena in London on 25th of April.


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Overseas firms look past weakness in Indian economy

Overseas firms look past weakness in Indian economy

Global firms are making huge investments in India's consumer market, despite the overall weakness in the Asia's third-largest economy.

In the recent past, consumer goods giant Unilever announced its decision to invest $5.4 billion to increase its stake in its Indian arm Hindustan Unilever Ltd.

Available figures suggest that foreign companies collectively spent around $9.86 in mergers and acquisitions in India this year. The figure is the highest in Asia.

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

AirAsia's CEO Tony Fernandes on Wednesday revealed the identity of the person who will pilot the Malaysian airline's India operations.

Fernandes, the promoter of AirAsia, had announced in March that the airline had selected a very smart boy from Madras, with an amazing CV, as the CEO for AirAsia India.

Revealing the identity of the AirAsia India CEO, he yesterday said the CEO is 32-year-old, Chennai-born Mittu Chandilya, who is currently based in Singapore.