Corporation Ltd Research Articles

Intermediate Appellate Courts and the Doctrine of Precedent: Lendlease Corporation Ltd v Pallas

The High Court of Australia appeal in Lendlease Corporation Ltd v Pallas raises a novel question of precedent: what approach should an intermediate appellate court (‘IAC’) take when faced with competing IAC authorities? The cases reveal that different approaches have been adopted: deferring to the home jurisdiction, favouring the most recent decision, and approaching the issue afresh. The principled answer to this question must be informed by the modern concept of a single Australian common law and the corollary rule that an IAC should not depart from a decision of another IAC on an issue of national operation unless convinced that the earlier decision is ‘plainly wrong’. It is argued that if Court B has found a decision of Court A to be plainly wrong, should the issue come before Court A again for determination, it is not open for Court A to defer to its previous decision or consider the matter afresh. In an integrated judicial system of equals working together to achieve a common goal, consistency demands that Court A give heightened deference to the decision of Court B.

Econometric analysis of the share premium evolution of Oil and Natural Gas Corporation Limited

This paper aims to perform a statistical and econometric analysis of the premium evolution of Oil and Natural Gas Corporation Ltd (ONGC). The expected return of ONGC will be shown to be slightly below the market return of NIFTY 50, depicting how ONGC's performance is significantly correlated with and influenced by the overall market. A financial and descriptive analysis will be performed and the CAPM model will be applied, where residuals will be analyzed (showing no serial correlation or heteroskedasticity problems), followed by an intervention analysis. Structural changes and exogenous variables (global oil prices and competitors) will be studied alongside the Fama-French Three-Factor model, reaching the final version of our CAPM model. The reader will be encouraged to consider investing in ONGC over other NIFTY 50 companies.

Looking for a rhyme, looking for a reason: reasonableness and the trustee

Abstract This article examines the standard of reasonableness required of trustees in the execution of their duties, particularly in light of the case of Perez v Equiom Trust Corporation (UK) Ltd & Anor. It explores the objective test for reasonableness, the heightened expectations placed on professional trustees, and the consequences of unreasonableness, including the impact on the trustee’s indemnity. The discussion delves into the nuances of trustee decision-making, the court’s role in intervening, and the implications of the Perez case on trust law and trustee conduct. The authors provide a critical analysis of the trustee’s obligation to act reasonably and the legal standards applied.

Impact of corporate social responsibility on profitability: A case study of oil and natural Gas corporation Ltd

In present scenario the companies are not only concentrating on the profitability but also on the sustainability. The dual objective of the company does motivate to investigate the impact of Corporate Social Responsibility (CSR) on firm’s profitability. A case study of Oil and Natural Gas Corporation Limited (ONGC) has been undertaken to examine the impact of CSR on profitability. The study is based on secondary data which were collected from the financial report of ONGC for the period of ten years from 2013-14 to 2022-23. Correlation and simple regression analysis have been employed to find out the impact of CSR on company’s financial performance by taking in to consideration different variables such as the amount of CSR expenditure, return of equity, return on investment, profit after tax, earning per share and sales revenue. The finding of the study shows that there is no impact of CSR on firm’s profitability, but there are positive moderate correlations between CSR and profitability indicators.

A Comparative Study of Emotional Intelligence Between the Government and Private Sector Empl0yees

Introduction:Emotional intelligence refers to a collection of skills that help one control and understand their own emotions as well as those of others around them. Aim of the study: the main aim of the study is to Emotional Intelligence between the Government and Private Sector i.e. Municipal Corporation and Cadburys Ltd. Material and method: Within the context of the research design and the procedure for data collection, this chapter provides an overview of the research technique that was used in the respective study. Conclusion: The findings of the research demonstrate that emotional intelligence has a favorable and substantial association with the management of stress, effective work performance, and dedication to the business.

A Comparative Study on Relationship between Delivery Quantity to Total Quantity traded Ratio and Stock returns in Bajaj Auto Ltd. and Bharat Petroleum Corporation Ltd.

A Comparative Study on Relationship between Delivery Quantity to Total Quantity traded Ratio and Stock returns in Bajaj Auto Ltd. and Bharat Petroleum Corporation Ltd.

A STUDY ON PERFORMANCE EVALUATION OF A STATE PUBLIC SECTOR UNDERTAKING IN HIMACHAL PRADESH

Himachal Pradesh occupies sixth position in the country in respect of its forest coverage. Forests are an important resource of the state and it occupies an area of 36,986 sq. km. This accounts for about 66.4% of the total geographical area of the state. ‘Himachal Pradesh State Forest Corporation Ltd.’ being unique in its nature has to perform numerous activities relating to Timber extraction work, Bamboo extraction work, Resin extraction work, and Resin processing and marketing work etc. So, it becomes very essential to study the performance of the Corporation to pin point its strength and weakness. In this study an attempt has been made to evaluate the performance of Himachal Pradesh State Forest Corporation. In order to make this study intensive and more comprehensive, it covers a period of thirteen years i.e. from 1994-95 to 2006-07. The basic purpose of this study is to evaluate the financial performance of the Corporation. It includes short-term financial performance, long-term financial performance, and profitability performance. This doctoral level scholastic investigation is being presented in a nutshell. Here only evaluation of Secondary Data towards performance of Himachal Pradesh State Forest Corporation Ltd is being shown.

Geological Society of India presents S. Narayanaswami Award-2023 to Dr. Prabhakar Sangurmath for his outstanding contribution in the field of Economic Geology

Dr.Prabhakar Sangurmath was born to Late Sri. Shivaputrayya Sangurmath and Late Smt.Parvathamma and hails from the ADUR village, Tal: Hangal, Dist: Haveri, Karnataka state. Dr. Prabhakar Sangurmath, had an excellent academic record with the M.Sc. (Applied Geology) from Karnataka University and Ph.D. (Economic Geology) from Gulbarga University, Karnataka. Dr. Prabhakar Sangurmath had an illustrious career as a geologist, first with the Mineral Exploration Corporation Ltd (MECL) (A Govt. of India Enterprise) and later with Hutti Gold Mines Co. Ltd (HGML). During his 38-year tenure with these organizations, he worked diligently and excelled in various roles and superannuated as the Executive Director of HGML. Through his unwavering dedication and sincere efforts, Dr. Sangurmath established himself as an eminent exploration and mining geologist, an accomplished manager, and a proficient technocrat. His expertise lies in the identification of economically viable gold and base metal mineral properties for exploration, mining and processing i.e. planning, execution, documentation, feasibility, related R & D and project management.

Interview with Teresa Corbin

Teresa Corbin’s name was synonymous for many years with consumer advocacy in Australian telecommunication in her role as CEO of Consumers’ Telecommunications Network (CTN) from 2003 and Australian Communications Consumer Action Network (ACCAN) from 2010. In November 2021 Teresa joined Telstra Corporation Ltd as their Chief Customer Advocate. Here she speaks with Robert Morsillo about her new role, its opportunities and challenges, and how she sees Australian consumers engaging with telecommunications and the digital economy.

Analysis of Minda Corporation Ltd: leveraging strategic financial tools and analytics

Analysis of Minda Corporation Ltd: leveraging strategic financial tools and analytics

Stories From China

On February 19, 2023, the world's first set of 1,000-kV switch-type controllable metal oxide arresters (SCMOA) was officially put into operation at the 1,000-kV Beijing West (Baoding) substation and 1,000-kV Shijiazhuang (Xingtai) substation. The controllable arrester was co-developed by China Electric Power Research Institute, Pinggao Corporation Ltd., and NARI-Relays Electric Corporation Ltd. This is the first time an SCMOA has been used practically at a substation in China. The components are installed on two sides of the line to replace the closing resistor of the circuit breaker. By switching the controlled part of arrester, the overvoltage can be effectively suppressed. It can enhance the safety and reliability of operation. As an effective method to remove the closing resistor and limit overvoltage, the controllable arrester technique of SCMOA has been in the stage of engineering development.

Leverage’–An Analysis and its Impact on Profitability with Reference to Selected Oil and Gas Companies in India

Oil and gas sector is among the eight core industries in India and plays a key role in influencing decision making for all the other important sectors of the economy. The main objective of the study is to examine and evaluate the impact of leverage on profitability with reference to oil and gas companies in India. For that researcher has been selected top five companies like Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Gas Authority of India Ltd (GAIL) based on market capitalisation. Secondary data have been used during the study period 2016-17 to 2020-21. For analyzing the leverage and profitability position the researcher have been taken financial leverage as independent variable and earning per share as dependent variable. For testing hypothesis some statistical tools and techniques like one way ANOVA, correlation and regression have been used by researcher. The major findings of ANOVA indicated that there in significant difference in financial leverage and earning per share of selected oil and gas companies during the study period. Correlation results showed that there is positive correlation between financial leverage with eps in reliance but in all other company’s financial leverage is negatively related with eps. Regression analysis found that there is no significant impact of financial leverage on eps in RIL, ONGC and IOCL but in BPCL and GAIL financial leverage has significant impact on EPS.

INDIA'S TOP TEN CSR CONTRIBUTING COMPANIES AND THEIR CONTRIBUTIONS TOWARDS ENVIRONMENTAL SUSTAINABILITY

This research paper explores the top ten CSR-contributing companies in India and their contributions toward environmental sustainability. The study analyzes the CSR spending patterns of these companies and the percentage of their CSR funds directed toward environmental sustainability. The results indicate a significant variation in CSR spending and contribution towards environmental sustainability among the top ten companies. Companies like Wipro Ltd, ITC Ltd, and Infosys Ltd have directed a considerable percentage of their CSR funds toward environmental sustainability. On the other hand, companies like Tata Consultancy Services Ltd, Tata Sons Private Ltd, and Indian Oil Corporation Ltd did not contribute to environmental sustainability, despite significant CSR spending. The findings suggest that there is a need for companies to prioritize environmental sustainability in their CSR activities, given the current environmental challenges faced by the country. The study recommends that companies should adopt sustainable practices and invests more in environmentally sustainable CSR initiatives to achieve a balance between economic development and environmental conservation.

Isolation and Characterization of Micro-organisms found in Lignite Coal in Bharuch Mines of Gujarat

Gujarat provides a rich source of high-grade lignite coal accomplishing the fuel needs of the national economy, under Gujarat Mineral Development Corporation Ltd. However, the lignite mines in Bharuch district of Gujarat state are reservoirs to a huge microbial diversity, which might be important for various industrial applications. The present study focuses on the isolation and characterization of microorganisms found in the lignite coal from the Bharuch mines of Gujarat. The samples were resuspended in different diluents – water and Phosphate Buffered Saline and cultured on Nutrient Agar. Morphological characterization was done for the isolated strains followed by biochemical characterization for microbial identification. Based on the observations, two species were identified probably as Streptococcus sp. and Staphylococcus sp. on biochemical characterizations. The microbial isolates were further screened for their ability to produce lipase enzyme by qualitative screening tests for lipase production by Phenol Red Olive Oil Agar. All the isolates were tested positive for Lipase enzyme production were subjected to Tween-80 Hydrolysis tests for confirmation. This marks their potential to be studied for development of bioremediation strategies for crude oil contamination in soil or water bodies. This was followed by reviewing the use of such isolates for other applications including antioxidant studies, development of biodegradation strategies, etc.

Study of Financial Performance of Cement Industry by Using Du-pont Analysis

This study attempts basically to measure the financial performance of the Cement Industry taking Ten major companies listed in BSE like ACC Ltd, Ambuja Cement Ltd, Birla Corporation Ltd, Damila Bharat Ltd, JK Cement Ltd, Jk Laxmi Cement Ltd, Prism Cement Ltd, Ramco Cement Ltd, Star Cement Ltd, Ultratech Cement Ltd for the period 2011-2021. In order to achieve our goals in this paper we have measured the ratios of ROE, ROA applying the DuPont analyses, which have been demonstrated with the aim of tables to show the change periodically. DuPont analysis (ROI and ROE)) is an important tool for judging the operating financial performance. It is an indication of the earning power of the firm.DuPont Model, which is based on analysis of Return on Equity (ROE) & Return on Investment (ROI). The return on equity disaggregates performance into three components: Net Profit Margin, Total Asset Turnover, and the Equity Multiplier. Return on Investment consists of Assets Turnover and Profit Margin. The return on investment consists of Assets Turnover (Operating Income X Total Assets) and Profit Margin (EBIT X Operating Income).In conclusion, ROE & ROI is the most comprehensive measure of profitability of a firm. It considers the operating and investing decisions made as well as the financing.

THE MANTLE OF THE SHOP STEWARD IS NOT AN EASY ONE TO WEAR NUMSA obo Motloba v Johnson Control Automotive SA (Pty) Ltd (2017) 38 ILJ 1626 (LAC) Revisited

NUMSA obo Motloba v Johnson Controls Automotive SA (Pty) Ltd (2017) 38 ILJ 1626 (LAC) (Motloba) raises four discrete, yet interrelated issues that require close examination. The first relates to the constitutional and statutory protection accorded to trade union membership and activities. The second engages the exercise of organisational rights in the workplace. With the demise of the duty to bargain, created to breathe life into collective bargaining and provide the lifeblood to recognised trade unions in the workplace. The third brings to the surface the recurrent headache for management concerning the dual and contradictory role of the shop stewards on the shop floor. The point of immediate relevance is that, while conducting union activities, a shop steward in theory, at least, operates on equal footing with management. It merits emphasising that the theory becomes murky when the union official is also an employee. (Re Workers’ Compensation Board and Workers’ Compensation Board Employees Union (1990) 15 LAC (4th) 332, 335). Put simply, “the ordinary rules applicable to the normal employer-employee relationship are then somewhat relaxed” (FAWU v Haverstime Corporation (Pty) Ltd [2007] BLLR 638 (LC) par 42 (Haverstime)). Be that as it may, a shop steward is still an employee of a company with the usual obligation to conform to all workplace rules.Fourth, and possibly most important, shop stewards’ propensity for an “anything goes approach” in their dealing with management. The contentious issue encountered here concerns the tendency of shop stewards to exceed the bounds of acceptable conduct in fulfilling their representational responsibilities. As a result, trade union representatives have been disciplined and in extreme cases dismissed for misconduct. Accordingly, the marginal line separating insubordination and insolence, the interconnected acts of intimidation and assault, disruptive conduct in the course of collective bargaining process, misconduct at disciplinary or arbitration proceedings as well as the breakdown of the trust relationship and intolerability occasioned by dishonesty deserve critical scrutiny.

Supply Chain Management Processes and Performance of Broadband Systems Corporation Ltd, Rwanda

The competitive nature of the contemporary business environment has continued to exert pressure on firms to enhance service delivery to customers. This has changed the focus of attention to business entities offering valuable goods and services when compared to potential competitors. Just as the emphasis is placed on the customer, the business operating environment is raging and multifaceted. The research used descriptive research design. The target population was 127 employees of different departments that are sensible to supply chain management processes and 10 chief officers of Broadband Systems Corporation. The researcher adopted probability-stratified, random and purposive sampling technics. The data collected was analyzed using SPSS program 21.0 version was used for data analysis. Descriptive statistics with the mean, standard deviation, and Pearson’s correlation coefficient were utilised and inferential statistics with regression analysis were applied for data interpretation. Findings revealed that customer relationship management is very highly correlated with organisational performance with Pearson’s correlation value=0.951, P_value =0.000<0.05, whereas supplier relationship management is positively correlated to organization performance as revealed by analysis 0.951, P_value=0.000<0.05. These statistical figures were supported by top managers in answers to interview who affirmed that the supply chain management process has a positive influence on performance of Broadband Systems Corporation Ltd. Thus, the researcher concluded that the supply chain management process influences the performance of Broadband Systems Corporation Ltd. The researcher recommended that managers should take a serious attention to the relationship among supply chain management processes and performance improvement in Broadband Systems Corporation Ltd by establishing the practice at company, department and staff levels with correct matrix of processes that would lead to improved performance as the combined effect is greater than one process. In order to make supply chain management processes of the company efficiently and effective, BSC Ltd should develop strong strategic supplier-customer partnership by focusing on key and important suppliers or customer segments.

E&P Notes (November 2022)

E&P Notes (November 2022)

BAI SAGA: PYRAMID SCHEME, PONZI SCHEME, PONZI-LIKE SCHEME OR POLITICAL VENDETTA AND CONSPIRACY?

This paper sheds light on the collapse of the British American Investment conglomerate in Mauritius also known as the BAI Group. According to the Government of Mauritius, the BAI Group was operating a vast Ponzi Scheme via its banking subsidiary known as the Bramer Banking Corporation Ltd (BBCL). Furthermore, according to the report of nTan Corporate Advisory Pte Ltd which is a consultant of the Bank of Mauritius, the BAI Group’s subsidiaries such as the British American Insurance (BAI Co. (Mtius) Ltd) and Bramer Property Fund (BPF) were operating ‘Ponzi-like Schemes’. A good number of financial analysts, economists, and accountants contrarily stated that the BAI Group was operating a Pyramid Scheme. Whereas many investors of the BAI Group had the firm belief that it was a victim of political vendetta and conspiracy. Which is which? Dyed-in-the-wool prophets of doom such as the former Prime Minister of Mauritius, the current Prime Minister of Mauritius, the former Minister of Finance, Economic Planning and Development, and Foreign Affairs, Regional Integration and International Trade, the former Minister of Financial Services, Good Governance and Institutional Reforms, the leader of the MMM party and the former Governor of the Bank of Mauritius have all without exception subjectively and descriptively painted a black picture of the BAI Group hither and thither. On top of that, they have acted in ‘bad faith’ by misleading the Mauritian nation. This paper analyses the other end of the spectrum from a critical perspective based exclusively upon the Academic Literature and takes up the gauntlet with intrepidity to “Give The Devil His Due”.

WINNING A CIVIL CASE WITHOUT GIVING ANY KIND OF EVIDENCE WHATSOEVER? Jordaan v Bloemfontein Transitional Local Authority [2004] 1 All SA 496 (SCA), 2004 3 SA 371 (SCA)

The standard of proof in a civil case is the well-known preponderance (balance) of probabilities. This requires of the party on whom the onus lies, in order to be successful, to satisfy the court that he is entitled to succeed on his claim or defence, as the case may be (Pillay v Krishna 1946 AD 946 952-953). The onus of establishing a case in accordance with this standard is on the party who makes the assertion since if a person claims something from another in a court of law, he has to satisfy the court that he is entitled to it (Pillay v Krishna supra 951; and Van Wyk v Lewis 1924 AD 438 444). According to Voet (22.3.10) the position is: “He who asserts, proves, and nothe who denies, since a denial of a fact cannot naturally be proved, provided that it is a fact that is denied and that the denial is absolute.” The person who makes the claim, and accordingly bears the onus of proof, is invariably the plaintiff. However, there are situations in which the defendant bears the onus. This ordinarily happens when the defendant is not content with a mere denial of the claim against him but sets up a special defence. In respect of the special defence the defendant becomes the claimant. For the specialdefence to succeed the defendant must satisfy the court that he is entitled to succeed on it (Pillay v Krishna supra 952; Corpus Juris (D.44.1.1); and Voet 22.3.9).The word “onus”, in this context, refers to the duty which is cast on the particular litigant, in order to be successful, of finally satisfying the court that he is entitled to succeed on his claim or defence, as the case may be. This is the meaning of the word in its true and original (primary) sense. In this sense the onus never shifts from the party upon which it originally rested (South Cape Corporation (Pty) Ltd v Engineering Management Services (Pty) Ltd 1977 3 SA 534 (A) 548A-B). In a secondary sense the word means the duty cast upon a litigant to adduce evidence in order to combat a prima facie case made by the opponent. In this sense the onus refers to the burden of adducing evidence in rebuttal. This may shift or be transferred in the course of the case, depending upon the measure of proof furnished by the one party or the other (South Cape Corporation (Pty) Ltd v Engineering Management Services (Pty) Ltd supra 548).