The cabinet Committee on Economic Affairs (CCEA) is supposed to increase the import duty on power equipment by 19% for the plants which are producing more than 1000 MW. The cabinet is to finalize their decision within next 15 days. If the proposal will be approved then, the major power manufacturers like BHEL, L&T and […]
The Finance Minister, Pranab Mukherjee on Sunday announced that, all the nationalized banks will get enough capital to fight against the economic short comings in the country. During the inauguration of the new corporate office of the Oriental Bank of Commerce, Mukherjee added that, “Government is working on the way to provide adequate capital to […]
During the month of December, India Inc collected Rs. 5, 600 crore through initial public offers and rights issues. Securities and Exchange Boards of India reviewed that, in the month of November, India Inc was successful in collecting Rs. 1, 601 crore money by implementing two issues. India Inc In December 2011, India was successful […]
Foradian Technologies Pvt Ltd, creator of source school management software, has begun to focus its attention on the education sector in Africa. Mr Unni Koroth, the company’s CEO, states that the company recently tested out their school management software , dubbed “Fedena” ,in Zambia at the Technical and Vocational Teachers College (TVTC). Foradian provided onsite […]
The Union government has received a grant of Rs.764.54 crore, through a credit agreement with International Development Association (an arm of the World Bank), to help boost sanitation services and water supply in several districts of Kerala. According to the joint secretary, economic affairs, ministry of finance, Venu Rajamony, the project will be implemented in […]
Despite a depressed global economic outlook, Mr Rajendra S. Pawar, Chairman of National Association of Software and Services Companies (Nasscom) and NIIT group, still maintains an optimist attitude towards India’s BPO industry. He was recently quoted in a Nasscom Leadership Forum, as saying that he sees a strong possibility of India’s IT_BPO industry expanding to […]
Multi commodity exchange (MCX) finally announced a priced for its shares, in its upcoming initial public offering. The price band is set at Rs 860 to Rs 1,032 per share, with its shareholders hoping to raise up to Rs 663 crore, through the IPO. The offer is set to hit the market, from Feb 22 […]
Inaccessibility to automated teller machines (ATM), especially in remote areas, could soon be a thing of the past thanks to an initiative by the Reserve Bank of India (RBI). This initiative would allow non-bank institutions to own and operate ATM across India. These ATMs, commonly known as White Label ATMs (WLA) in developed countries, are […]
