It is time for some change of power at the higher level in Allahabad Bank. The bank stated in a press release that Mr Tilak Raj Chawla has joined as the new Executive Director for Allahabad bank. Mr. Chawla will be replacing Mr D. Sarkar, who has now joined Union Bank of India as the […]
Amidst high competition, Rupert Murdoch’s Star network has won the media rights from the Board of Control for Cricket in India at whopping cost of Rs. 3,851Crore. It was a close call after at the end after the association revealed the bids; Multi-screen media was on the line which quoted Rs. 3,700Crore. The contract also […]
The increase in the price of milk is really fast with the 5 – 7 increase in the brand Amul in 2012-13. This is definitely not good news to everyone who is now paying more than 11 – 12 % of the price of milk compared to last year. The price hike is surely another […]
According to technology research company Gartner that the number of the mobile users is increasing in India. This year it is expected to rise by 9% and to reach 696 millions. India’s mobile users were 638 millions in the year 2011. The total mobile service revenue is predictable to reach $30 billion in 2016. The […]
BlackBerry has successfully set up its new server in Mumbai. A lot of controversies have taken place about this decision previously. However there is intense pressure from the government on BlackBerry Company, to provide a mechanism for lawful interception of its messenger services. These servers have been thoroughly inspected by a team of officers appointed […]
State owned Hindustan Petroleum Corporation Limited decided to import oil in double from Saudi Arabia from the next financial year and will minimize 14% import of oil from Iran. HPCL in 2012-13 has decided to import 3.5 million tons of crude oil from Saudi Aramco of Saudi Arabia against 1.75 million tons of oil bought […]
According to the top executive compensation report 2011-12, released by Hay Group, a global management consultancy the average annual compensation for a CEO in India stands at over Rs.2 crore and for the next level of top executives the average pay package is now above Rs.1 crore. This is nearly 2.6 times the pay package […]
Japanese manufacturing company Toshiba, targets the Indian market to contribute 8% to its global revenues. The company’s elevator making arm, seeks to achieve $125 million in revenues by 2015, from the country. The company aims to capture 10% of the premium market, with a targeted sales figure of 1,600 annually, says Mr Shinichiro Akiba, the […]
