BlackBerry has successfully set up its new server in Mumbai. A lot of controversies have taken place about this decision previously. However there is intense pressure from the government on BlackBerry Company, to provide a mechanism for lawful interception of its messenger services. These servers have been thoroughly inspected by a team of officers appointed […]
MCA, the Ministry of Corporate Affairs has started a Green Initiative in Corporate Governance. According to this, companies are allowed to serve documents to their shareholders through electronic mode, which previously required to be presented in the form of hardcopies. It was stated under section 219 of Companies Act 1956 that the Annual Reports to […]
The interest on overseas investors in Indian market is increasing tremendously. Recent statistics show that a amount of about Rs 14,000 crore was invested in the Indian equity market by the overseas investors in this month. Foreign Institutional Investors (FIIs) have invested a total of Rs.24, 225 crore ($4 billion) into Indian stocks since the […]
GMR group is has recently announced that it is planning to sell Hyderabad Duty Free Retail Ltd (HDFRL). GMR Hyderabad International Airport Ltd (GHIAL), owns and manages duty-free outlets at the International Airport in Hyderabad has reported this news and said that company is waiting for a potential buyer. This airport has 3 retail stores […]
It is good news for all the students and education aspirants and also their parents as various banks are planning to decrease the existing interest rates. India’s largest lender, State Bank of India (SBI) is giving a thought to cut interest rates on education loans on basis points from 25-100 across various maturities. This with […]
HCL Infosystems, country’s Computer hardware makers declared that the company has managed to get a Rs.278 crore contract from Electronics Corporation of Tamil Nadu(ELCOT). The news was declared latest by February 21st. The Government of Tamil Nadu has recently initiated a project where free distribution of laptops to students of government and state aided schools […]
Mahindra & Mahindra declared that it is planning to assemble its products in Russia. It was declared to the news here by Mahindra & Mahindra (M&M) President of the Automotive and Farm Equipment Sectors, Mr. Pawan Goenka on february 21st. This dealing with Russia will be done through the distributor of its South Korean subsidiary […]
Finance Ministry is on a go to recover the fiscal deficit. As a part of this the government is planning to put back the excise duty cut on diesel. According to the data given by the oil ministry officials the government will be able to get a minimum Rs.35, 000 crore only by increasing the […]
