Reliance Digital, which is among India’s largest electronic retail chain, had nearly tripled the number of its stores in the past one year. A year ago, the store counts to only 27 stores and now it had reached 75 outlets with 16 of these stores being established in the month of March 2012. This is […]
To achieve cost reduction by diversifying source of funds, IDBI bank is now planning to raise Rs.12875 crore by January. The previous plan was to raise Rs.7416 crore as offshore fund; already Rs.3708 crore has been collected and it seems that the bank is searching for new markets to get more. Coming to HSBC, Foreign […]
A good news for people living at Dahej in Gujarat since a chemical facility is about to be set up in the mentioned place. This facility will house about 250 people at full capacity, primarily in operations. It will be starting its production in the year 2014. This is something that people in the place […]
There will be an interest rate cut next week in line with the weaker-than-expected growth in industrial output data. This had boost lender interests such as ICICI. It was really a slow pace of growth with India’s industrial production in February. This cut in interests would surely improve prospects and help some sectors recover in […]
All India Council for Technical Education (AICTE) in India and Microsoft Corporation announced today that AICTE is deploying Microsoft Live@edu over the next three months to more than 10,000 technical colleges and institutes throughout India. The cloud deployment will expand students’ access to high-quality technical education and collaboration. In one such initiative being implemented, Live@edu […]
Reserve Bank of India (RBI) has directed banks to pay a compensation of 8% on delayed interest payments on relief bonds. A circular read, “an agency bank should compensate an investor in relief/savings bonds for financial loss due to late receipt/delayed credit of interest warrants/maturity value, at a fixed rate of 8 per cent per […]
Stage is all set for the merger of two of oldest public sector telecom services, BSNL and MTNL! Department of telecom has given a green signal for the proposal considering factors of differences in pay scales and HR policies too. Committee mentioned that such differences should be resolved first in order to start the merger […]
Hero-Honda motors was the largest motorcycle production company in India but the split between Hero Moto Corp and Honda motors has changed the scenario in India. Well, Hero Moto Corp is however on the top, followed by Bajaj but Honda faced some difficulties until recently. But now it has surpassed TVS motors to become the […]
