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Reliance Communications Partners With Ericcson in USD 1 Billion Project

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Reliance Communications and Ericcson, two active players in the telecommunications industry forged an agreement for a UU$D 1 Billion worth of projects in India. Specifically, the ambitious project entails 100,000 kilometers of fiber and mobile infrastructure in 11 telecom circles spanning North and West of India covering Delhi and Mumbai. Ericcson leads in the provision […]

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Shree Renuka Sugars To Start a Mill in Sri Lanka; 1800 New Jobs

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A U$D 220 million sugar refinery complex will soon rise in Hambantota, Sri Lanka. In an agreement recently signed with Sri Lanka’s Board of Investments (BOI), the new business venture is projected to generate direct employment for some 300 workers and around I,500 additional ancillary jobs. According to the BOI, inedible raw sugar will be […]

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Budget 2013 – Give Incentives to Long Term Savings

According to Shikha Sharma, MD and CEO of Axis Bank, long term savings should be given more incentives. This covers broad based savings instruments such as pensions, insurance, and long term savings through bank deposits. In the last few years , it has been observed that the savings rate has declined to 30 per cent […]

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Kailash Katkar – How He Started Quick Heal, Leading Anti-Virus Solution From India

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It is not everyday that one comes across a truly inspiring story of success, interwoven with hardwork, vision, judgment calls, and yes, the ability to spot opportunities. Kailash Katkar, the Chief Executive Officer (CEO) of Quick Heal Technologies, is our man of the hour. He is an entrepreneur who is driven to maintain the industry […]

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Real Estate Major Omaxe Ltd Launches Fixed Deposit Schemes; Earn Upto 15% Per year

Fixed deposits starting for a period of six months to three years has been launched by Omaxe Limited. The company with these fixed deposits is planning to raise capital of Rs. 250 crores. Rs. 25,000 will be the minimum amount of investment in the fixed deposits followed by multiples of Rs. 1000 thereafter. Omaxe Limited […]

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Funds Managed By Insurance Comapnies to Touch 30 Lakh Cr. Mark; 70% Growth From Current

J Hari Narayan, the Outgoing insurance regulator said that the size of funds managed by insurers in the country is expected to touch Rs. 30 Lakh crore mark in the coming five years with nearly 70% jump from the current level. He also said that the total controlled fund when the insurance industry was opened […]

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3 More Ways To Save More Tax In Addition To Section 80C

Save more taxes in addition to 80c

It’s not that only Section 80C of the Income Tax Act provides for tax deductions; there are even other deductions under the Income Tax Act, 1961 which can help you save more tax. Tax deduction section 80D for mediclaim policies can help you save tax. Under this section, premium, for medical insurance policy to protect […]

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