Reliance Communications and Ericcson, two active players in the telecommunications industry forged an agreement for a UU$D 1 Billion worth of projects in India. Specifically, the ambitious project entails 100,000 kilometers of fiber and mobile infrastructure in 11 telecom circles spanning North and West of India covering Delhi and Mumbai. Ericcson leads in the provision […]
A U$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 […]
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 […]
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 […]
Volkswagen Group, which is among one of the leading German automobile group, is all set to open its 25 training centres in India by the year 2015. Dietmar Hildebrandt, Director of the Volkawagen group, said that at present the company has 12 training centres across the country and they plan to set 25 more such […]
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 […]
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 […]
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 […]
