If data revealed by Assocham is to be believed, India accounts for 15% of global footwear production, producing 300 pairs of shoes annually and exporting 10% of these. The study undertaken by Assocham also reveals the per capita consumption of shoes in India which comes out to be 2.5 shoes per year. The fact that […]
India is looking for establishing herself in the business of 4th generation mobile network by selling 4G spectrum by the end of this year, and is planning to off sell radio waves for 2G spectrum, announced by Union Telecommunication Minister Kapil Sibbal. Kapil Sibbal “By the end of the year, we are planning to auction […]
India’s one of the most popular telecommunication companies, Reliance Communication paid $ 1.18 billion in order to redeem the Foreign Currency Convertible Bonds. The redemption amount is inclusive of the premium of 27.69%. Reliance Communications The Anil Ambani Group recently signed agreements with three Chinese Banks to refinance its debts. The refinancing agreement has been […]
Stirs occurred in the media and entertainment world, when UTV Software Communications decided not to trade on National Stock Exchange from March 9 onwards due to a voluntary delisting by the company. UTV Software Communication With UTV, Carol Info Services has also been stopped for trading on NSE which is a producer of nutraceutical and […]
Subroto Bagchi Renowned IT company MindTree has appointed their new Chairman, Subroto Bagchi, who is among the one of the founders. The company appointed him after the retirement of Albert Hieronimus. Bagchi will continue on the new post April 1, 2012 onwards. The management reshuffle was started after the unexpected resignation of Ashok Soota, another […]
The government bought many stakes of ONGC through auction, but they are over-rated, which costs about Rs. 12, 500 crore. They further added that the auction route may be preferred for the future disinvestments. ONGC – Oil & Natural Gas Corporation ONGC’ share on BSE and NSE closed at Rs 293.35 and Rs 293.20 respectively, […]
Rising prices of oil played chaos in the stock market sentiment, as both the benchmark indices day down around 3%, making India the worst performing market globally at closing time on Monday. The BSE Sensex ended at 17, 445, down by 477 points from its previous close. The NSE Nifty closes down by 148 points. […]
New Delhi: Due to the high demands in the construction sector, the consumption of the domestic steel is increasing day by day by 5.5 % to 57.24 meter within the 10 months of current fiscal year. “The growth in consumption of steel so far is good given the current global economic scenario. The afloat construction […]
