Among the leading company in microfinance is SKS Microfinance Ltd with around 3,400 employees and 180 branches. But, even though this company is doing well, it had also experienced some business problems that led closing down 78 of its branches. This is quite sad news for surely a lot of people will be affected and […]
For the quarter that ended March 31, 2012, ABB net profit had dropped to about 2 per cent at Rs 47,364 crore. This number was compared to the last year’s corresponding quarter. There might be a lot of reason for this, but the company is definitely doing their best in order for the problem not […]
The GAAR application has been deferred by a year due to the protest of both foreign and Indian investors. This will be implanted on the year 2013 and 2014. In order to address the problem with GAAR, a special committee that will discuss the rules and guideline for the implementation of GAAR was established. We […]
India’s first radar imaging satellite was designated into orbit today, April 26 with the aid of India’s reliable workhorse, the PSLV rocket. The name of the satellite is RISAT -1. All of India should be proud and happy for this since it just shows that development is not anymore aloof to them. The new technology […]
India is ready to launch a satellite for further developments that track objects, natural features, people movements and disasters on ground using images that are obtained throughout the year. Synthetic Aperture Radar (SAR) is used to see through clouds and it was developed by ISRO’s Space Applications centre, Ahmedabad. This is India’s second radar imaging […]
Dr D. Subbarao, made a decision regarding key policy rates that is first in about three years. A 50 point basis was cut in the repo rate. This has been good news for banks giving them the relief they need on the liquidity front. This decision was made due to the slowdown in growth. It […]
India is surely proving other countries that it is fast developing these days and to confirm this is the many investments that is done in the country including a Qatar Investment Authority known as the Gulf State’s Sovereign Wealth Fund. The Investment Authority is planning to invest up to $10 billion according to Hussain Al […]
CGAP which is housed at the World Bank is an organization that is trying to alleviate and provide solution to poverty all over the world. It is an organization that does independent research in order to gain knowledge on advance financial access. This research is primarily intended for the world’s poor. This noble goal of […]
