Reliance Industries, India’s biggest company by market value, is probably trying to cover-up its low performing shares by buying back shares at a maximum price of RS.870 each, about 10% premium over its current share price. Reliance will buy back up to 120 million shares, or 3.7% of outstanding equity. Citigroup and Bank of America-Merrill […]
Not only companies in India, but also foreign enterprises are seeing loss in their net income. International Game Technology (IGT), which is a global gaming company specializing in the design, development, manufacture, and marketing of electronic gaming equipment and systems products, including online and mobile solutions for regulated markets, declared on Tuesday that its net […]
The heavy industries ministry wants Prime Minister Manmohan Singh to stop the use of foreign equipment in ultra mega power projects. He said it is necessary to satisfy and serve the needs of domestic companies. He also expected that UMPPs bidders should get their equipment from domestic companies or enterprises that have an India origin. […]
Gartner Inc told on Tuesday that IT is planning to grow by $39 billion in 2012, a 10.3% increase from the previous fiscal year’s amount of $36 billion. IT Spending in the Indian enterprise is spread across all industry markets. The Indian enterprise is very much different from other markets in Asia/Pacific. IT is India […]
Reserve Bank of India declared that it’s not going to cut key policy rates or interest rates in the third quarter review of the monetary policy on Tuesday. This decision was taken keeping in mind the increased inflation risk. The same is the case with interest rates and liquidity pressure in the banking system. RBI […]
National Bank for Agriculture and Rural Development (NABARD) has taken an initiative to bring together 140 state co-operative banks and central co-operative banks on one platform for technology development. Statistics say that these 140 state and central cooperative banks have 4582 branches and administrative offices. Four central co-operative banks (CCBs) of Maharashtra, Latur, Kolhapur, Buldhana […]
Most Probable Dates: Union Budget 2012 – 2013: 16th March Railway Budget: 14th March Watch Budget 2012 Live Online: You can catch all the Budget 2012-2013 action Live Online on Youtube – Details According to sources, the Union Budget Session for 2012 – 2013 in Parliament is scheduled to begin from the second week of […]
The capacity of Indian ports has reached 1.16 billion tons (1160 million metric tons) as on December 31, 2011. The Government declared today of the news and also said that strategies have been placed to bring the value up to 3.2 billion tons in the next ten years. The Indian tonnage has recently crossed the […]
