Looks like inflation is slowly and gradually on the decrease. Headline inflation fell to 7.47% from 9.11% in December, 2011 as measured by Wholesale Price Index (WPI). It is expected that these values will still fall to 6-7% by the end of this fiscal year, March 2012. Though food inflation declined to 3.36% by the […]
Vodafone India has connected with NM Rothschild, an investment bank to advice the company with its listing plans and assistance to clear the regulatory hurdles. They together are going to evaluate the price discovery and valuation, restructure the shareholding pattern and appoint the book-runners. Vodafone Group started their company as a telecom venture for USD […]
Essar Power is planning to enter the electricity distribution business and become an integrated power company. Essar Group spokesperson told that the company has already applied for licenses in both Maharashtra and Bihar. However a final decision and bidding commitment will be made only after a detailed analysis of the opportunity. A license application was […]
State bank of India received the Finance Ministry approval for a capital infusion of 60-80 billion rupees. Diwaker Gupta, chief financial officer, confirmed last month that the bank had received formal notification from the government on capital infusion. The bank, has sought Rs.200 billion since 2010 from Government to order to develop its capital base […]
TRAI (Telecom Regulator Authority of India) has fixed the entry fee of pan-India mobile permit at Rs.20 crore. Companies can apply for the permit at both state and district level and will obtain them by taking part in an auction and buying the radio frequencies. The entry fee for state level permit is from Rs.50 […]
60% of the total population of India still depends on agriculture for a living. The Ministry of Earth Sciences and the IT giant IBM have planned to design a dedicated agromet (agriculture meteorological), a spoken web service for farmers where they can get their agriculture and weather-related questions answered Spoken Web Services for Farmers in […]
India’s rapidly developing clean-tech sector is attracting a lot of entrepreneurs from US, Europe and Asia-Pacific. According to the latest World Bank reports, they have a captive market of approximately 100,000 villages to be connected to the national power grid. It has been found out that the founder and CEO of Fenix International, a San […]
According to a global survey done, on worldwide salary increment outlook by global recruitment platform (MyHiringClub.com) and a study portal (NriJobPortal.com), India stands on top tenth position on the list of World’s top increment givers. This survey is done on 5,326 various companies from 31 different countries; from December 15th to 31st of 2011. Here, […]
