The investment perimeter for retail investors in the tax-free bond of Rural Electrification Corporation Ltd (REC), which opened on Tuesday, has been raised to Rs 5 lakh from Rs 1 lakh allowed earlier. This follows the modification of the definition of retail investors by the Ministry of Finance, Department of Revenue (Central Board of Direct […]
There is an emerging class of new IT professionals donning the angel investor hat in India. In this list the big names are Rajan Anandan, MD of Google India; Deep Kalra, CEO of Makemytrip; Vishal Gondal, CEO of Indiagames; and Raman Roy, CMD of Quattro BPO Solutions. Even relatively younger entrepreneurs, like InMobi founder Naveen […]
In the upcoming financial budget, the government should allocate 2.5% of GDP for health care sector, says Dr. Reddy’s Laboratory, India’s second largest drug manufacturer. This is the right time to incentivize and encourage the penetration of the health care reach and delivery. Dr. Reddy’s Laboratory “A good way to start would be to signal […]
National Bank for Agriculture and Rural Development (NABARD) has introduced a refinance scheme for regional rural banks, state and district cooperative bank, urban cooperative banks and scheduled commercial banks to accelerate the pace of construction of quality of warehouses in the rural areas for farming commodities. The scheme is expected to create around 9 million […]
Mahindra Satyam acquired the worldwide operations of BRO firm vCustomer by $27 million. This acquisition is going to expand Mahindra Satyam’s business process outsourcing (BPO) operations into retail and consumer technology. The IT services firm obtained 15% stake in Dion Global Services for Rs 35 crore in the last month. It also set up $50-million […]
Microsoft sees a huge market in India for cloud services, given the level of interest from enterprises and governments here, Jean-Philippe Courtois, President, Microsoft International, declared today. In a media conference, Courtois said that, Microsoft is able to offer a combination of business for the public and private cloud services, which he described as unique […]
The Reserve Bank of India has hiked bank rate for Primary (urban) Co-operative Banks by 3.5% to 9.5% with effective from February 13, 2012. “…it is determined that the bank rate should normally stay aligned to the MSF (marginal standing facility) rate. “Accordingly, it has been decided that with effect from the close of business […]
Chennai-based e-learning company EdServ is going to establish e-learning centers throughout the nation by investing Rs. 40 crore. “The aim of opening up EdServ training institutes (EDI) on a national scale, including in towns and rural centers, is to offer aspiring students exam support as well as job oriented skills support services,” EdServ Chairman and […]
