ICICI Bank hikes benchmark prime lending rate to 11.75 pc
ICICI Bank has hiked its benchmark prime lending rate (PLR) by 0.5 percentage points to 11.75 per cent with immediate effect. The bank may be the first to hike the PLR after the RBI's quarterly review of the monetary policy last month, ...
Govt notifies guidelines for FDI in single brand retailing
DESPITE stiff opposition from the Left parties, the Government on Monday notified the guidelines for foreign direct investment (FDI) in single brand retail trading. The notification states that FDI up to 51 per cent in retail trade of single ...
100 pc FDI thru automatic route notified
JUST two weeks ahead of the Budget and against stiff political opposition, the Government on Monday issued notification permitting foreign direct investment (FDI) through the Reserve Bank of India's automatic approval route in a large number of ...
ADC collections exceed target, cross Rs 8,000 cr
BSNL may have received more money by way of access deficit charges than was intended, due to a steep increase in the call traffic. According to estimates being made by the Telecom Regulatory Authority of India (TRAI), the amount collected may ...
Many suitors for Bombay Burmah's coffee plantation business Deal may cost Rs 85 crore
"Earnings from the coffee business are meagre. Compared to it, if the company manages to sell it off at Rs 80 crore, then the financial returns are more attractive. The deal would substantially improve the PE ratio of the company."
Left not to support no-confidence motion
DESPITE disagreement on several issues, the Left parties have ruled out supporting any no-confidence motion against the United Progressive Alliance (UPA) Government in the Lok Sabha while voicing its deep concern for voting against Iran in the ...
ONGC may invest in oil sand extraction projects
ONGC Ltd is exploring the possibilities of investing in oil sand extraction projects. Oil sands or tar sands, a mined product found mostly in Canada and Venezuela, are deposits of bitumen (a heavy black viscous oil), which is treated to produce ...
TCS, Stanford in pact for data security research
TATA Consultancy Services has signed a five-year agreement with Stanford University, the US, for research in data privacy. The company will be investing $1 million in this research collaboration, said Mr S. Ramadorai, Managing Director and CEO, ...
Breach of terms of life-time pre-paid offers Consumer groups want fee refund, penalty on operator
CONSUMER groups want the telecom regulator to impose a penalty on mobile operators if they change the terms of lifetime pre-paid card offers or withdraw them midway. While on the one hand mobile operators have maintained that the lifetime ...
New disaster-alerting system
TAKING advantage of increasing mobile density and literacy in the country, Bangalore-based Geneva Software Technologies has come out with a comprehensive alerting system in case of calamity in the country. "In spite of IT leadership, India has ...
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