Wednesday, March 12, 2008

Indian Financial Markets News 12 March 2008


Market Report: Cairn soars after rumours of bid from ENI
Independent - London,England,UK
"You don't need to stretch your imagination to think it may happen," said one market source, adding: "Cairn's fields in India are quite complicated. ...
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Madhusudhan Kela: The poster boy of financial market
Economic Times - Gurgaon,Haryana,India
This trait will be put to test in the coming days as he tries to meet investor expectations amid turbulent market conditions. In February, Reliance Mutual ...
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GE to spend $5B in emerging markets
BusinessWeek - USA
To reach that goal, GE Energy Financial Services has opened offices in Southeast Asia and the Middle East and expanded in India. "We are rapidly broadening ...
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India spot gold higher tracking overseas markets
Forbes - NY,USA
MUMBAI (Thomson Financial) - Indian spot gold prices moved higher Tuesday buoyed by overseas markets, trade participants said. In London, gold traded higher ...
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India's exports to rise despite global slowdown: Kamal Nath
Merinews - New Delhi,India
Marcus Wallenburg, chairman, ICC & chairman of
SAAB and SEB, in his address, noted that the turbulence of the financial markets had led to uncertainty and ...
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Indian shares edge higher on bargain hunting; realt estate, power ...
Forbes - NY,USA
MUMBAI (Thomson Financial) - Indian shares edged higher on bargain hunting as investors resumed buying, taking cues from the European markets that were ...
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INTERVIEW Interserve eyes Indian subcontinent; to keep resilient ...
Euro2day - Greece
Chief executive Adrian Ringrose told Thomson Financial News in an interview that he is looking at the obvious growth markets such as the Indian subcontinent ...
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India Stocks Preview: Mahindra & Mahindra Financial, ONGC
Bloomberg - USA
Overseas investors bought a net 11.07 billion rupees ($274.4 million) of Indian shares March 7, the nation's stock market regulator said on its Web site. ...
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China's financial clout over United States
United Press International, Asia - Hong Kong,China
The withdrawal of this money would send US financial markets into a tizzy. Then again, if nothing is done about the US-China trade imbalance, ...
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India Tax News 12 March 2008


Non-resident accounts to give 20% tax
Times of India - India
The applicant had also taken up the case with HDFC, which had said it will deduct tax at source at 30%. AAR ruled: "NRO deposit to be made by the applicant ...
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Airlines refuel in Andhra, Kerala to save tax
Business Standard - Mumbai,Maharashtra,India
"However, this decrease in sales tax would not be a benefit for international flights at all because, the basic price of ATF in India is still 30 per cent ...
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Taxation treaties: Anxious to keep a place in the sun
Financial Times - London,England,UK
For more than 20 years, favourable tax treaties with India and China have formed the backbone of Mauritius's financial sector, which is the biggest ...
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A match not made in heaven
Business Standard - Mumbai,Maharashtra,India
... but the current tax collection is just Rs 55 crore, AICMI notes. The Sivakasi-centric industry, which accounts for 75 per cent of India's matchbox ...
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After getting passport, Sanjeev cools his heels in CBI custody
Hindu - Chennai,India
The same CBI court remanded him to the custody of the premier investigating agency till March 14 for alleged manipulation of evidence in the Income Tax case ...
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India Infoline acquires IT park in Chennai, to foray into real ...
Economic Times - Gurgaon,Haryana,India
It is covered by STPI tax benefits, which is due to expire next year. India Infoline recently announced that it will raise Rs 555 crore through allotment of ...
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Indian court adjourns Vodafone tax case to June 23
Reuters - USA
The tax department argues the deal is liable for tax because most of the assets are based in India and because under Indian tax law, buyers have to withhold ...
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India May Cut Edible Oil Tax 10% as Record Prices Fan Inflation
Bloomberg - USA
Tax on imports of crude soybean oil was lowered to 40 percent from 51 percent in 2007. India may cut import duties on vegetable oils or boost imports ...
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'India may overtake UK as favoured investment destination'
Times of India - India
Businessmen in London have demanded a radical overhaul of corporate tax. Thousands of people of Indian origin are keenly awaiting the budget amidst reports ...
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India money market liquidity to tighten soon - JPMorgan
Reuters India - Mumbai,India
Advance tax payments drain liquidity out in the middle of the month, but then government spending tends to pick up in the final week, helping conditions. ...
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Fun News, Odd News 12 March 2008


Carrey and Carell on Horton Hears a Who
ComingSoon.net - USA
CS: What made you odd when you were a kid? Carrey: I was the baby of the family. I guess my father was strange. He was funny and strange and I looked at him ...
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Single Person Cooker Makes Cooking For One Tidy, If Not Fun
Gizmodo.com - USA
Probably when I was trying to cook the odd meal to impress a girl. At least the washing up would've been minimum effort. [Dezeen]
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Casino Insider Tells (Almost) All About Security
Slashdot - USA
If you login, you can remember this preference. by Telvin_3d (855514) on Tuesday March 11, @01:11PM (#22718822) For some odd reason, the submitter has ...
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Hail to the Cheese! Lil' Bush Creator/Exec Producer Donick Cary
Animation Magazine - USA
And though poking fun at politicians is like shooting fish in a barrel these days, he's managed to take his satirical eye off of Washington long enough to ...
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From Elkhorn to Uganda, books going abroad
Walworth County Week Newspaper - Lake Geneva,WI,USA
LR: Ashley Crown and the book she wrote 'Body Fats can be Fun to Lose.' Ashlea Franjevic wrote poetry, Charlee Green with 'Counting Numbers' and Sergio ...
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Ninja Reflex Review
IGN - Brisbane,CA,USA
... or pinching flies with odd behavior as they scroll perfectly across the screen like UFOs. Again, it's fun to play, but it'll take the average gamer ...
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Disco down at Academy
Manchester Evening News - Manchester,England,UK
Led by glam frontman Brendon Urie, the four-piece's second effort Pretty Odd hits the shops on March 24 – so expect to get a sneaky peak when they land at ...
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West Coast Conference tourney rolling to Vegas in '09
USA Today - USA
That means it's only 51 weeks until the next
WCC tournament, when the fun should really begin. The WCC is moving its league playoff to ... bring up the ...
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The Good, the Bad, the Rest: New DVD Tuesday
MaineToday.com - Portland,ME,USA
I've always found that odd. That and the fact that adults around the kid (be they real, talking animal or otherwise), have no problem being manipulated, ...
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India insurance News 12 March 2008


Corporate India treads with care in talent hunt
Economic Times - Gurgaon,Haryana,India
Finance, insurance & real estate sector forecast a dip of 3 percentage points at 33%. Employers in the services sector (40%) and the manufacturing (+33%) ...
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INDIA: General health insurance scheme
BharatTextile.com (subscription) - Mumbai,India
The Minister further stated that under the present Health Insurance Scheme for Handloom Weavers, the following critical illnesses such as Cancer, paralysis, ...
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India to remain promising hiring destination
Hindustan Times - India
"Compared from last year, sectors like finance, insurance, real estate, mining and construction, the services sector, transportation and utilities look ...
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Pioneering disaster insurance for some of India's poorest
The FINANCIAL - Tbilisi,Georgia
The FINANCIAL -- Leading aid agency
CARE International and Allianz are offering a new type of community health insurance in an area of southern India badly ...
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Indian insurance sector off to a strong start in 2008, says ...
domain-B - Khandala,Maharashtra,India
The Insurance Regulatory and Development Authority (I
RDA) released first year premium numbers for life insurers for January. While Private sector sales ...
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Valuation risk for general insurers on low reserves
Reuters India - Mumbai,India
By Kaustav Roy MUMBAI (Reuters) - Indian general insurance firms may not be maintaining adequate reserves in a bid to show higher profits, but the strategy ...
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India Apr-Jun hiring seen up from year ago - survey
Reuters India - Mumbai,India
A survey of 5279 employers across seven sectors by employment services provider Manpower Inc showed the India net employment outlook at 36 percent for the ...
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Centre will provide cover for tobacco crop
Sify - Chennai,Tamil Nadu,India
Mumbai: Even as the Centre runs a campaign to stub out tobacco consumption in the country, it is set to provide a subsidised insurance cover for this crop. ...
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Indian Markets News 12 March 2008


$200 bn Fed lifeline likely to boost Indian markets today
Business Standard - Mumbai,Maharashtra,India
The surprise move by US Federal Reserve to lend up to $200 billion in treasury securities is likely to act as a booster for the Indian markets tomorrow. ...
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Market exposure likely to dent corporate earnings this quarter
Business Standard - Mumbai,Maharashtra,India
... may take a hit on account of the equity exposure that companies may have taken following a bad quarter for the Indian markets, say market analysts. ...
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Citi doesn't see market rebound for 6 months
Daily News & Analysis - Mumbai,India
MUMBAI: The latest credit crisis to have hit the world markets is likely to take "at least two quarters" to get over, till then Indian markets will also ...
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Experts: Fall a healthy sign of a mature bull market
Business Standard - Mumbai,Maharashtra,India
While some say it is a healthy sign of a mature bull market, others feel the Indian markets may have entered a corrective phase, which can last for one to ...
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India's Motilal Oswal plans asset management company UPDATE
Forbes - NY,USA
Speaking at the launch of a dealing room, Oswal said he expects volatility in the Indian markets to continue in the short term, citing international factors ...
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US stocks climb on Fed move; Indian equities to follow suit
Myiris.com - Mumbai,Maharashtra,India
This will likely to boost Indian markets, which are presently trading at near one year low, as well as Asian and European markets. ...
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Genencor extends commitment in Indian market
Lifegen.de (Abonnement) - Germany
The plant in Haryana will make dedicated enzyme blends for the Indian markets in grain processing, textiles, laundry detergents, fuel ethanol, ...
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India's Motilal Oswal plans asset management subsidiary
Forbes - NY,USA
Speaking at the launch of a new dealing room, which the company said was the largest in India, Oswal said he expects volatility in the Indian markets to ...
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Indian Market Opens Weak []
RTT News - Williamsville,NY,USA
3/11/2008 12:43:27 AM Tuesday, Indian shares opened lower, tracking weakness in global markets. At 10:00 am local time, the Sensex was down 112 points at ...
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India gold futures slightly down, foreign market subdued
Reuters India - Mumbai,India
MUMBAI (Reuters) - Indian gold futures were slightly down on Tuesday with overseas markets subdued on the back of crude oil's fall from record highs, ...
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Indian Investments News 12 March 2008


'Indian companies are bullish on hiring'
Times of India - India
So initial investments in retail will first translate into more jobs in the real estate sector before they actually lead to increases in retail jobs. ...
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PE players shun airlines, for now
Business Standard - Mumbai,Maharashtra,India
"What is putting investors off the Indian market is the credit crunch faced by the Indian airlines and thereby making returns on the investments risky. ...
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FOCUS: PERSONAL FINANCE
Frontline - Chennai,India
A real estate analyst says it is estimated that the combined investments by various groups in the Indian real estate market could go up to $1.5 billion. ...
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Indian Mutual Funds News 12 March 2008

Fund Shareholders to Hold Sudan Vote
Wall Street Journal - USA
s Sinopec, which like PetroChina, is owned by the Chinese government; Petronas of Malaysia, and India's Oil & Natural Gas Corp. The 12 Fidelity mutual funds ...
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Mutual funds' cash holdings improve marginally
Hindu Business Line - Chennai,India
By the end of January, over 230 equity funds that were in operation had a total cash position of close to Rs 5500 crore, according to data from NAV India. ...
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Invest in smart 'systematic' way
Merinews - New Delhi,India
Also, an entry load is not charged for SIP by a number of mutual funds. This fee is a percentage of the amount invested. And if you do not exit (sell your ...
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No evidence of terror outfits participation in stock mkt: Govt
Economic Times - Gurgaon,Haryana,India
Indian banks had exposure to the tune of Rs 127 lakh crore in derivatives as on December 2007, against Rs 56 lakh crore, he said. Mutual Fund: SEBI has ...
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Rally to be more broad-based this time
Moneycontrol.com - Mumbai,India
Q: What kind of total cash are you sitting on and what's your estimate of the total cash lying with the Mutual Fund fraternity today? ...
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Hollywood Celebrity News 12th March 2008


Hollywood finds its funnybone
Variety - Los Angeles,CA,USA
s new Ashton Kutcher-produced series "Pop Fiction," which goes to great lengths to "turn the tables" and punk the celebrity-chasing paparazzi -- an endeavor ...
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Worst celebrity plastic surgery
SheKnows.com - Scottsdale,AZ,USA
By Nancy Price and Betsy Bailey In a town where looks are everything, Hollywood stars spend a pretty penny on surgery to maintain or heighten their ...
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Talentless Celebrity Spotlight: Paris Hilton, Nicole Richie & More
Starpulse.com - Branford,CT,USA
Only in Hollywood does a last name carry such an instant stigma. You wouldn't immediately trust a surgeon solely on the fact that his father was a good ...
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Hollywood intrigue like Henry VIII's court: Johansson
The Age - Melbourne,Victoria,Australia
Photo: AP Hollywood siren Scarlett Johansson says her new movie about lust and intrigue in the court of England's King Henry
VIII reminds her of her ...
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Reuters Entertainment Summary
Washington Post - United States
1 celebrity by Forbes magazine after earning $39.2 million in one year. LOS ANGELES (Hollywood Reporter) - If exploring the lives of celebrities seems a ...
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MTV rocks with musical reality shows
Reuters - USA
The network also has ordered two singing competitions -- "Rock the Cradle" and a concept with the working title of "Celebrity Music Mentor Project. ...
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NBC digging up celebs' family trees
Reuters Canada - Toronto,Ontario,Canada
By James Hibberd LOS ANGELES (Hollywood Reporter) - If exploring the lives of celebrities seems a little tired, NBC has a solution: Find their relatives. ...
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World, India News 12th March 2008


The ugly face of cyber world
Zee News - Noida,Uttar Pradesh,India
"It looks impossible to stop them from coming to India…they come through personal contacts they make in India, which is not a crime. These sex rackets are ...
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Globe North listings
Boston Globe - United States
Salem: Boston Artists Ensemble performs works by Britten, Finzi and Beethoven, March 14, 8 pm, at Peabody Essex Museum, East India Square. ...
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Charlie McCREEVY European Commissioner for Internal Market and ...
Edubourse.com (Communiqués de presse) - Brie Comte Robert,France
No other region in the world invests as much in the US. In 2005 EU investment in the US totalled €29bn versus a total investment of €8bn in China and India. ...
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India Companies & Industry News 12th March 2008


Hiring in IT industry slows down 40-50%
Economic Times - Gurgaon,Haryana,India
Recruitment, a key indicator of Indian IT industry's growth, is slowing down. Hiring across companies, especially the small and midsized, has entered into a ...
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Sri Lankan pilots eye India's growing aviation market
Economic Times - Gurgaon,Haryana,India
Ramesh's statement is partly founded on a shortage of personnel at the highest levels in Indian industry thanks to the booming economy. ...
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Indian firms were largest H-1B users in 2007
Computerworld - Framingham,MA,USA
Nearly 20000 of the companies and institutions listed received only one H-1B visa in fiscal 2007. For that fiscal year, India-based offshore outsourcing ...
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Companies focus more on social responsibility projects in villages
Livemint - Delhi,Delhi,India
The network alliance stems from the first sustainability summit that was organized in January by the Associated Chambers of Commerce and Industry of India. ...
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Global Vectra Helicorp plans $26mn expansion
Business Standard - Mumbai,Maharashtra,India
The company will invest approximately $26 million (nearly Rs 105 crore) to acquire the three helicopters. Post the acquisition, GVHL will own 24 helicopters ...
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Stalking the next big thing
NEWS.com.au - Australia
Other funds in this sector invest directly in companies working in the water industry or with exposure to this alternative water industry around the world. ...
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PR industry to double its size by 2010: Assocham
Hindu - Chennai,India
Many of these agencies are affiliated or are Indian subsidiaries of global PR companies, the Assocham said. "As the market environment is becoming more ...
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Markets & Investments News 12th March 2008

Has the stock market bottomed out?
Economic Times - Gurgaon,Haryana,India
As far as the valuations are concerned although the Indian markets are now trading at 14-15x FY09E, and a large part of the froth generated is now out of ...
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China's Lenovo eyes emerging markets for investment
Reuters - USA
"Our focus for investment is emerging markets such as India, Brazil, Mexico, the Middle East and Eastern Europe," Yang said on the sidelines of China's ...
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Indian shares bounce back as investors snap up select stocks UPDATE
Forbes - NY,USA
Indian shares opened lower but then inched upwards in early trades as investors picked up select stocks, traders said. 'Indian markets have fallen ...
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GE Targets Growth in Emerging Markets
Wall Street Journal - USA
GE Energy Financial Services is currently looking at investments in Indian electricity-generating plants alongside local investors. India suffers hours of ...
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Stalking the next big thing
NEWS.com.au - Australia
Although most balanced funds continue to have a steady weighting to the traditional investment markets such as Australian shares (32 per cent), ...
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Danisco India invests $8 mln in two new units
Reuters India - Mumbai,India
NEW DELHI (Reuters) - Danish sugar and food ingredients group Danisco's India unit has opened two new manufacturing units in Haryana at an investment of $8 ...
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Claymore sweeps ETF market
Financial Post - Toronto,Ontario,Canada
Until Claymore Investment s came along, Canada's exchange-traded fund market was dominated by Barclays Global Investors Canada. Indeed, following the exit ...
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Opinion & Analysis News 11th March 2008


Euro Tracks Toward $1.55
Daily Reckoning - American Edition - Baltimore,MD,USA
As readers know, we are not big on the technical analysis here, but I still read the techies analysis and watch closely as we approach these major trend ...
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Battle for minds
Frontline - Chennai,India
As a historian, he is deeply disturbed by the "the failure of [an] alternative modernity" in India, which, in his opinion, has "led the way to the ...
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Gandhi and Nonviolent Conflict Resolution (Speech in Stockholm, 1996)
Gandhi Today - Knivsta,Sweden
As one of his fellowworkers commented: "India has had her share of all to many gurus and prophets. Gandhi is good enough just as a human being. ...
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Management & Marketing News 11th March 2008


Work on a platter
The Tribune - Chandigarh,India
"There were also some interest evinced by the media like NDTV, which was looking for marketing and programme management role," he said. ...
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Profile: Chris Robinson, FD of QX
Accountancy Age - London,UK
Management accounts, says Robinson, is attractive because it is a regular service, but it is more difficult from a marketing point of view. ...
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Calsoft Announces Appointment of New Vice President of Global
Bobsguide (press release) - London,UK
In this very important role, Sanjiv will be defining and implementing the marketing strategy for Calsoft Labs globally. He has more than sixteen years of ...
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Airline officials in UAE optimistic of India operations
GulfNews - Dubai,United Arab Emirates
Jayshree Ramchandran, the marketing manager of Air India, sounded optimistic and said that the airline will land and take off from India. ...
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Banking & Finance News 11th March 2008


Goldman Sachs picks up 20% in Shriram Credit for Rs 300 cr
Economic Times - Gurgaon,Haryana,India
Shriram Credit is a non-banking finance company (NBFC) under the south India-based Shriram Group, which is engaged in lending activities. ...
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RBS consortium to approach RBI for NBFC licence
Economic Times - Gurgaon,Haryana,India
RBS is looking at kicking off a non-banking finance company (NBFC) in India. It will also rebrand the private banking of ABN Amro as RBS Coutts. ...
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You can`t get it any better
Business Standard - Mumbai,Maharashtra,India
Though few placement officials admitted that they had qualms about the global recession taking its toll on placements, the consulting and banking & finance ...
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Govt considering proposal to merge SBI, SBS
Economic Times - Gurgaon,Haryana,India
He said the Government would not put pressure on banks to merge although the Narasimham committee on banking sector had recommended consolidation in the ...
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Announcements not enough, implementation is required: Parekh
NDTV.com - New Delhi,India
Parekh: I think on infrastructure, many people have made comments that infrastructure is the key concern in India and the Finance Minister has ignored the ...
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Indian workforce is ready to relocate: Survey
Economic Times - Gurgaon,Haryana,India
There are many skills that are easily transferable across borders including in areas such as banking and finance, IT, science and engineering," he said.
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Information Technology News 12th March 2008

Tie-up with Bharti Airtel lifts Micro Technologies
NDTV.com - New Delhi,India
The application works on GSM Technology. Micro Technologies India's net profit rose 21.48% to Rs 14.42 crore on 20.69% growth in net sales to Rs 46.60 in Q3 ...
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Indian IT to see strong growth with a sense of maturity
Hindu - Chennai,India
Excerpts from the interview, in which Mark airs his opinion on some of the issues top on the agenda of Indian IT (information technology) businesses. ...
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Leading India Manufacturer Biological E., Ltd. and US Companies ...
Genetic Engineering News (press release) - New Rochelle,NY,USA
Choncept is managed and funded by Emergent Technologies, Inc. For more information, visit the company website, www.choncept.com. Emergent Technologies Inc. ...
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Strike to Paralyze Indian Airports
The Associated Press -
Hyderabad and Bangalore are both large cities that are home to several major multinational corporations as well as scores of thriving information technology ...
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India Stocks Unlikely to Recover in Six Months, Citigroup Says
Bloomberg - USA
Citigroup has an ``overweight'' recommendation on consumer stocks, telecommunications, information technology and financials, where earnings growth is less ...
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RIM tackles India's BlackBerry concerns
Globe and Mail - Canada
... Information Technology, along with representatives from the Canadian Embassy, last week "to try to prevent a BlackBerry blackout being imposed in India. ...
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New Ways To Manage Health Data
Washington Post - United States
Even if an Internet-based
PHR has a strong privacy policy and secure technology, an employee of the company could still steal information and sell it to ...
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Stop Chasing Illusions
Times of India - India
Had Indira Gandhi pressed ahead and not baulked after the May 1974 test, India would not have faced a rising tide of technology sanctions for the next ...
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Russia expo to showcase Indian engineering goods
Times of India - India
"After every INDEE, Indian export of technology products has gone up substantially in the country or region concerned. I do not say it has happened due to ...
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Technology firms cautious as US spend on IT seen declining
Livemint - Delhi,Delhi,India
Bangalore: Even as the uncertainty over the US economic situation continues, a recent survey has forecast that spending on information technology or IT by ...
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Really Hot News 12th March 2008

VH1's Best Week Ever makes one sexy blind date
LSU The Reveille - Baton Rouge,LA,USA
This weekend I went on a blind date with Best Week Ever Live, and it was an experience I will never forget. Saturday night I was set up by my editor with ...
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Sexiest Torontonian 2008: Bringing sexy back
National Post - Toronto,Ontario,Canada
So don't delay in sending us photos and write-ups of the sexiest folks in town, whether they be sultry people in your life or sexy celebrities tantalizingly ...
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This spring, get your sexy back
MSNBC - USA
This could entail a trip to see your long-forgotten hair stylist for some sexy new highlights, a visit to the mall to discover a daring new dress or ...
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WIN NOW! Sexy Old School Tube Socks!
Fashion.ie - Ireland
YOU can WIN yourself a pair of HOT & SEXY old school skater socks! Celebrity Smack has teamed up with SkaterSocks.com to giveaway these cool retro tube ...
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SEXY NELL MCANDREW - NEW FACE AND BODY OF ADORE MOI
Fashion.ie - Ireland
Michelle Mone, creator of Adore Moi, said "Nell is the epitome of this brand – gorgeous, sophisticated and sexy! She was a pleasure to work with! ...
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Bionic Michelle's sexy six pack
The Sun - London,UK
BUFF babe Michelle Ryan shows off the results of intensive training for upcoming show Bionic Woman on ITV2. And displaying her six pack in a tight black ...
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Amani Swaisi – don't call me sexy
Al-Bawaba - Amman,Jordan
She wants people who hear her music to say that she has a beautiful voice, but she does not want to be called sexy. "I feel very cheap when those who watch ...
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MacBook Air: Sexy, Skinny as a Supermodel
ABC News - USA
Apple CEO Steve Jobs holds up the new MacBook Air after giving the keynote address at the Apple MacWorld Conference in San Francisco, Tuesday, Jan. ...
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Search: George + Clooney + Ridiculously Sexy
E! Online - USA
George Clooney is gorgeous, hysterical and not vain enough to have Googled his own name. At least, not until now. Clooney sidled up to the laptop of one ...
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Mum Aguilera still sexy
New Zealand Herald - New Zealand
Christina Aguilera has shot up FHM's Sexiest Women list thanks to her post-pregnancy curves. The singer, who gave birth to son Max two months ago, ...
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Personal Finance News 12th March 2008

Autobiography of Shri PP Chhabria launched
PRLog.Org (press release) - Bucuresti,Romania
This fascinating story depicts a unique Indian businessman with an international business outlook and a very traditional personal life, and is a must-read ...
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Jobs: Some Are There For The Picking, America
CNBC - Englewood Cliffs,NJ,USA
and Tech Customer Support (wait,
MORE jobs coming back from India?) Jobfox says 43 percent of corporate recruiters it surveyed expect to increase staffing ...
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Politics/ Fiji: REGIME EMBROILED IN DEEP CONTROVERSY
Island Business - Suva,Fiji
His finance minister and leader of the Fiji Labour Mahendra Chaudhry, on the other hand, was embroiled in tax evasion charges in mid-February. ...
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Banking & Finance News 12th March 2008


RBI objects to bilateral trade agreements
Business Standard - Mumbai,Maharashtra,India
The RBI is also of the view that there are many issues in the banking and finance sector which are yet to be settled in the comprehensive economic treaty ...
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Citi India's Global Consumer Group today announced the following ...
Business Wire India (press release) - New Delhi,India
Rahul Soota, Managing Director, CitiFinancial Consumer Finance India Ltd. Rahul Soota, Head of Retail Banking since November 2005, moves as Managing ...
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Shriram City Finance targets Rs 1000 cr car loan portfolio
Sify - Chennai,Tamil Nadu,India
Chennai: Non-banking finance company Shriram City Union Finance Limited is targeting to increase its car loan portfolio to Rs1000 crore ($2.5 billion) in an ...
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Purwar joins India Infoline board as independent director
Hindu - Chennai,India
Purwar is an eminent personality in the banking and finance industry and has held several senior positions including that of the Chairman of State Bank of ...
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Recruiters descend on IIMs; salary graph keeps rising
Hindu Business Line - Chennai,India
FMS, Delhi was more a banking talent powerhouse, with the highest number of offers (45) made by the sector. Leading names include HSBC, Standard Chartered, ...
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India's Bonds Fall a Second Day on Concern Inflation to Quicken
Bloomberg - USA
``Banking system liquidity is going to come under pressure and that is negative for bonds.'' Overseas investors sold $3.2 billion more local stocks than ...
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Very positive on fertilizers: Sundaram Rural India Fund
Moneycontrol.com - Mumbai,India
Of course, there is a challenge lying there - micro-finance is already picking up in India. So we believe that banking system looks extremely oversold and ...
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Kuwait's KFH says eyes expansions in China, India
Reuters India - Mumbai,India
KUWAIT (Reuters) - Kuwait Finance House, the Gulf's second largest Islamic lender by market value, said on Monday it wants to expand in China, India, ...
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India's RBI implements e-payment system for deals worth 10 mln ...
Forbes - NY,USA
... The Reserve Bank of India said all high-value transactions of 10 mln rupees and above -- between banks, primary dealers, non-banking finance companies, ...
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India Economy & Policy News 12th March 2008

India, US to double trade to $60 bn by 2008 end
FreshPlaza - Netherlands
They participated in the US-India Economic Dialogue and US-India CEO Forum events held in New York City in September. These events included discussions ...
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development: Agribusiness assault —Syed Mohammad Ali
Daily Times - Lahore,Pakistan
Moreover, the policy stance of many developing countries over the last decade seems to have tilted in favour of agribusiness, which has significant ...
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India less corrupt than China
Rediff - Mumbai,Maharashtra,India
The Philippines was considered the most corrupt economy with a score of 9.00, followed by Thailand (8.00). More than 400 expatriate business people were ...
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Global firms snap up IIM-B school grads
Sify - Chennai,Tamil Nadu,India
As a policy, the management did not disclose the compensation offered or the range in which it was fixed. But there was a significant increase in the ...
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Credit off-take unlikely to be impressive
Financial Express - Bombay,India
At that time, experts and policy makers were worried about over-heating of the Economy. Several banks were considered to be indulging in over-lending as far ...
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$15bn loan waiver reaps harvest of anger
Asia Times Online - Kowloon,Hong Kong
Finance Minister Chidambaram says that while investment in India is continuing on a roll, the farm sector was pulling down the economy with agriculture ...
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SPRING CLEANING
Calcutta Telegraph - Calcutta,India
The chief economic adviser has the opportunity to have considerable influence on the government's economic policy. Virmani has made good use of the ...
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Management & Marketing News 12th March 2008


Salaries jump 60% at IIM-K; marketing, IT hot at IIM-A
Economic Times - Gurgaon,Haryana,India
A
HMEDABAD/MUMBAI: Students at the Indian Institute of Management Ahmedabad were busy until the last day of final campus placements chasing down their 'dream ...
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Progress Software plans to raise marketing budget for India
Sify - Chennai,Tamil Nadu,India
Nicholas Tang, Managing Director, Asia, said allocation for marketing expenses for India would see a big jump. At present, it is less than five per cent of ...
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'Digital media has tremendous potential as marketing tool'
Economic Times - Gurgaon,Haryana,India
Though this industry is primarily dominated by US and Western European markets, China, India and South America are growing at a much faster rate. ...
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NMIMS team wins L'Oréal Brandstorm 2008 Finals; to represent India ...
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BAUniverse.com - New Delhi,New Delhi,India
The winning team will represent India at the 16th International Finals to be held in Paris on June 10th 2008. The dynamic international marketing game saw ...
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Workshop on handicrafts marketing
GreaterKashmir.com (press release) - Srinagar,Jammu and Kashmir,India
The DDC stressed upon the management to generate more awareness among the artisans so that they can derive maximum benefits from it.
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Ace Designers Boosts Application Availability with Centralized ...
Machinist.in - Bangalore,Karnataka,India
The users can now easily access the CRM application from any location and office in India. With enterprise-wide application delivery, data management has ...
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Higher ground
Financial Times - London,England,UK
If it buys Xstrata - which is not guaranteed as the two sides have been locked in an impasse over marketing rights for the past few weeks - this strategy ...
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Tortilla mix bags top AIMCAL honor
Converting Magazine - Oak Brook,IL,USA
Another international member, Uflex Limited (Noida, India), won honors in the competition, taking home the Marketing Award in the Packaging: Food Category ...
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ING beefs up tech, e-business ranks
Australian IT - Australia
Its Application Portal supports mobile marketing, advertising, content management and mobile internet site management, instant messaging and email. ...
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