| Forum to enhance Sino-India trade cooperation China Daily - China At the same time India enterprises will bring first-hand information of Indian industrial circumstances. Former director and chief representative of the ... See all stories on this topic | ||
Rediff - Mumbai,Maharashtra,India The Right to Information is derived from our Fundamental Right of Expression under Article 19 of the Constitution of India. If we do not have information on ... See all stories on this topic | ||
| United Tech to step up aerospace parts sourcing Trading Markets (press release) - Los Angeles,CA,USA Nov 05, 2008 (The Economic Times - McClatchy-Tribune Information Services via COMTEX) -- UTX | Quote | Chart | News | PowerRating -- BANGALORE, India ... See all stories on this topic | ||
Mangalorean.com - Mangalore,India The new age economy belongs to the knowledge sector driven by Information technology. India is the most favoured destination for foreign direct investments, ... See all stories on this topic | ||
| Sell-off sends oil sliding toward $60 Houston Chronicle - United States ... rising demand in developing countries, led by China and India, the Paris-based agency said in an executive summary of its annual World Energy Outlook. ... See all stories on this topic | ||
| Nokia plants a seed in India Sify - Chennai,Tamil Nadu,India But Nokia thinks that this is exactly the sort of information that rural users in emerging markets will find useful. The world's leading mobile phone ... See all stories on this topic | ||
| India Inc cuts jobs, frills to stay in shape Economic Times - Gurgaon,Haryana,India From banking and finance to aviation, from manufacturing to information technology, no sector appears immune, as companies look beyond hiring freezes to job ... See all stories on this topic | ||
| Amaresh Samantaraya: Looking for logic Business Standard - Mumbai,Maharashtra,India In a series of articles in Business Standard, Surjit S Bhalla has raised several issues pertaining to inflation management of the Reserve Bank of India. ... See all stories on this topic | ||
| IBM's cure for dearth of Indian researchers in India Merinews - New Delhi,India The number of in-home researchers is very minimum in India as most Information Technology (IT) graduates get engaged in jobs after their graduation rather ... See all stories on this topic | ||
| No violation of law: Raja Hindu - Chennai,India ... to new operators was based on the Cabinet-approved NTP-99 and supported by the recommendations of the Telecom Regulatory Authority of India (TRAI). ... See all stories on this topic |
Friday, November 7, 2008
India trade cooperation and other breaking news
Thursday, November 6, 2008
A Public Announcement by Air Water International Corporation And other news about india
| A Public Announcement by Air Water International Corporation & Its ... MarketWatch - USA For the villagers of Jalimudi, a small out of nowhere village located in eastern India, in a province called Andre Pradesh, a truly historic event is about ... See all stories on this topic |
| RTI Act yet to make impact in villages, say policymakers Livemint - Delhi,Delhi,India India’s chief information commissioner Wajahat Habibullah said the commission is planning to work with the information and communications ministries to ... See all stories on this topic |
| IBM Aims to Counter Researcher Shortage in India PC World - USA Finding researchers in India has become tough as most engineering graduates in information technology, instead of going for higher studies like doctorate ... See all stories on this topic |
| George Deikun, USAID’s India director Economic Times - Gurgaon,Haryana,India It would be robust one-stop shop for fiscal information and dialogue. This tool can reinvent itself to attune to the changing circumstances. ... See all stories on this topic |
| HP Labs Making Web Browsing Similar to Using an Appliance PC World - USA HP Labs India is researching how to remove complexity from Web browsing and Web transactions. Web browsing has to be as intuitive and as simple as using an ... See all stories on this topic |
| Need To Know | Sandeep Dhar to head Tesco Hindustan Livemint - Delhi,Delhi,India ... experience and expertise in providing information technology, business, finance and HR services to Tesco’s operations. Mumbai: State Bank of India (SBI) ... See all stories on this topic |
| Vision statements instilling values will motivate India Inc Economic Times - Gurgaon,Haryana,India Their objective was to help inform managers about the tools available to them and provide them with the information they need in order to identify, select, ... See all stories on this topic |
| Why we need FOI law Daily Sun - Apapa,Lagos,Nigeria In India, grassroots social activist groups use the right to know laws to obtain information on local public works projects and reveal the amounts said to ... See all stories on this topic |
Wednesday, November 5, 2008
Information about sensek, Tata Steel, Samsunga and issues
| Kids from Silicon Valley astride two cultures: India and California San Jose Mercury News - CA, USA ... Indian Institute of Information Technology, has visited with young people at international schools in India and found some to be culturally unmoored. ... See all stories on this topic | ||
| Nokia: From Technical Development to Human Development? PC World - USA For now, Nokia Life Tools will only be available in India, giving everyone (including Nokia) plenty of time to see how this thing plays out. ... See all stories on this topic | ||
| A battle between battered teams The Statesman - Kolkata,India Nagpur, Nov 5: If the US Presedential elections be compared with the fourth and final Test match between India and Australia, then Mahendra Singh Dhoni ... See all stories on this topic | ||
| Bharti in tie-up with Transcend Economic Times - Gurgaon,Haryana,India 5 Nov, 2008, 2240 hrs IST, PTI BANGALORE: Bharti Teletech, one of India's leading manufacturers and distributors of telecom and allied products, ... See all stories on this topic | ||
| India Inc sees a global crisis manager in new prez Economic Times - Gurgaon,Haryana,India NEW DELHI: India Inc sees the election of Barack Obama as an opportunity for the US to regain moral leadership and use that power to comprehensively address ... See all stories on this topic | ||
| AmeriCares Launches India Operations MarketWatch - USA For more information, please visit www.americares.org and www.americaresindia.org. The Baxter International Foundation, the philanthropic arm of Baxter ... See all stories on this topic | ||
| Bhuvan, our answer to Google Earth soon Daily News & Analysis - Mumbai,India In an exciting new development, the Indian Space Research Organisation (Isro) is developing a web-based information system, specifically for India, ... See all stories on this topic | ||
BBC News - UK The team leave for India on 8 November and photography and survey information from the visit will be made available to the public online at ... See all stories on this topic | ||
| Samsung Electronics recruits 950 in India Trading Markets (press release) - Los Angeles,CA,USA Nov 03, 2008 (The Economic Times - McClatchy-Tribune Information Services via COMTEX) -- SSNLF | Quote | Chart | News | PowerRating -- Despite the economic ... See all stories on this topic | ||
| Sensex plunges 511 pts; RIL, Tata Steel suffer big losses Sify - Chennai,Tamil Nadu,India Information technology, bank, pharma and select capital goods and power stocks did bounce back and pulled the market from lower levels in early afternoon ... See all stories on this topic |
Tuesday, November 4, 2008
Breaking News about India
| ISRO to launch remote sensing, information portal by 2009 Indian Express - New Delhi,India Since the late 1960s, India has achieved enhanced agricultural produce through intensive irrigation, genetically improved crops, use of inorganic ... See all stories on this topic | ||
| Inform, Involve, Empower - Nokia's Service Mantra for Emerging ... MarketWatch - USA Nokia plans to launch the service, beginning in the first half of 2009 with the Nokia 2323 classic and the Nokia 2330 classic as the lead devices in India ... See all stories on this topic | ||
| D&B India moots launching credit rating agency Merinews - New Delhi,India D&B and SIDBI, along with Credit Information Bureau (India) Ltd and other banks in the country, already operate the SME Rating Agency or SMERA. ... See all stories on this topic | ||
BusinessWeek - USA A separate service will offer English lessons and other educational information for 60¢ a month. Nokia plans to launch the service in the Indian state of ... See all stories on this topic | ||
| Indian student killed in US Expressindia.com - New Delhi,India Jinaga’s father, BC Jinaga, is a professor with the Jawaharlal Nehru Technological University here and heads the School of Information Technology. ... See all stories on this topic | ||
| IBC's 3rd International Conference; ACCESS India & China MarketWatch - USA ... and India and how this impacts multinational pharmaceutical and biotech companies. For up-to-date information and to register for this event, visit www. ... See all stories on this topic | ||
| Oil prices surges above $70 in volatile week The Associated Press "The volatility and huge price swings we've seen this year are unmatched," said Ben Brockwell, director of data, pricing and information services for the ... See all stories on this topic | ||
| Online okay for clinical trials by 2013 Economic Times - Gurgaon,Haryana,India India would be the first country to implement such a concept. It will be done through a software. We believe information technology is our strength and why ... See all stories on this topic | ||
| Singh proceeds to protect Indian industry Daily Times - Lahore,Pakistan Hence, it is only expected that exports from sectors such as textiles, gems and jewellery, leather, engineering and infrastructure, information technology ... See all stories on this topic | ||
| Loggerhead release to provide vital information to scientific ... Science Centric - Sofia,Sofia Town,Bulgaria The turtles, which have reached this size, will be released in the Indian River Lagoon because loggerhead turtles of this size are typically found in this ... See all stories on this topic |
Monday, November 3, 2008
Today's India News
| Money for Something Times of India - India Could such a system work in India? Internet penetration may be low here, but a significant section of the electorate able to donate will have access to the ... See all stories on this topic |
| Imagine Schools at South Vero Dedication Ceremony Celebrates the ... MarketWatch - USA Imagine Schools CEO and Founder Dennis Bakke will dedicate the school, and Indian River Charter High School Board Chairman Gene Waddell will welcome Imagine ... See all stories on this topic |
| Detroit International Auto Salon Will Make Room for India's ... CNNMoney.com - USA The Detroit International Auto Salon (DIAS) released information today announcing intentions by one of India's leading automotive supplier regions to ... See all stories on this topic |
| Supreme Court hearing tribal-land case Providence Business News - Providence,RI,USA ... Charlestown and its Nuweetooun School and Tomaquag Indian Memorial Museum in Exeter. Additional information is available at www.Narragansett-Tribe.org. ... See all stories on this topic |
| Dow Jones Islamic Market World Index Expands to Include 12 New ... MarketWatch - USA For more information on the Dow Jones Islamic Market Indexes, please visit www.djindexes.com. Journalists may e-mail questions regarding this press release ... See all stories on this topic |
| ICONS India starts shipping of Nuance Dragon Medical 10 India PRwire (press release) - Gurgaon,Haryana,India As a result of Dragon Medical’s ability to enable direct dictation into EMRs and other clinical information systems, healthcare provider organizations can ... See all stories on this topic |
| India to ink pact with Qatar Indian Express - New Delhi,India ... and service-to-service information sharing. This was followed by a high level delegation from Qatar, which visited several defence locations in India ... See all stories on this topic |
| Assam CM: India's Assam state blasts could be avoided Xinhua - China These bits of information were "not specific and not actionable", Gogoi said, adding that it was "impossible to pinpoint the date, time location and the ... See all stories on this topic |
| MNCs hire pvt eyes to snoop on biz partners Times of India - India According to Kapur, nearly 65% of the companies approaching them for such information are MNCs though a fairly large number of Indian firms also use their ... See all stories on this topic |
| How is school recognition money being spent in Indian River ... Vero Beach Press-Journal (subscription) - Vero Beach,FL,USA Scripps Treasure Coast Newspapers requested the information be available 1 pm on Nov. 3. We still don’t have the information and will be contacting ... See all stories on this topic |
Wednesday, December 26, 2007
All information about Andhra Pradesh (India)
Andhra Paresh is placed in the south of India. It’s total is 275,000 sq. km and surrounded by Tamil Nadu, Karnataka, Maharashtra, Madhya Pradesh, Orissa and the Bay of Bengal it also contain mountainous and third largest state of India.
Godavri and Krishna are the major river s of the state and always hot and humid climate is there. In Andhra Pradesh, so many famous temples like Tirupati in Chittoor.
The capital of Andhra Pradesh (Hyderabad) joint to Secunderabad by a lake called Hussain Sagar Lake and attracts large numbers of tourists.
85% people of Andhra Pradesh speak Telugu and Tamil also speak widely in south region. Tourist Destinations of Andhra Pradesh are Puttaparthi, Hydrabad, Thirupati.
Health Mueseum, Char Minar, State Mueseum, Birla Mandir, Art Gallery, Macca Masjid and Nehru Zoological Park also attract tourists.
Unique festivals of the state are Sankranti, Dasara, and Vinayaka Chavithi, Ugadi. Classical dance of Andhra Pradesh is Kuchipudi.
Godavri and Krishna are the major river s of the state and always hot and humid climate is there. In Andhra Pradesh, so many famous temples like Tirupati in Chittoor.
The capital of Andhra Pradesh (Hyderabad) joint to Secunderabad by a lake called Hussain Sagar Lake and attracts large numbers of tourists.
85% people of Andhra Pradesh speak Telugu and Tamil also speak widely in south region. Tourist Destinations of Andhra Pradesh are Puttaparthi, Hydrabad, Thirupati.
Health Mueseum, Char Minar, State Mueseum, Birla Mandir, Art Gallery, Macca Masjid and Nehru Zoological Park also attract tourists.
Unique festivals of the state are Sankranti, Dasara, and Vinayaka Chavithi, Ugadi. Classical dance of Andhra Pradesh is Kuchipudi.
Wednesday, December 19, 2007
New Delhi AksharDham Temple in India - A best tour place
**************************AksharDham Temple ***********************
Wednesday, November 14, 2007
Eleven of the top 15 Best information technology(IT) companies
Eleven of the top 15 Best Companies to Work for in India are information technology companies, according to a joint study conducted by Mercer and Business Today.Global software giant Microsoft pipped domestic IT giant Infosys, which slipped the ranks, to emerge as the best company to work for in India. Two companies -- domestic IT major Satyam and global banking giant HSBC -- have moved out of the list this year.
Although high levels of remuneration and open communication were cited as key drivers of engagement by surveyed employees, interesting work, 'challenging' targets and growth and development opportunities emerged as the key differentiators between the best employers and other participating companies.
The best employers in India have invested in world-class HR processes and policies and seem to have a clear understanding of employee aspirations. Leadership development, internal transfers, global opportunities, mentoring, two-way communication and reward systems has emerged as a common thread in the top 15 companies.
Read more from: http://infotech.indiatimes.com/quickiearticleshow/msid-2538158.cms
Monday, November 5, 2007
1st ODI, India vs Pakistan cricket match(2007) in Guwahati on Monday
Salman Butt provided the early momentum, after being included ahead of Imran Nazir, to bolster Pakistan's shaky opening partnership.He was on song as he stroked his way to 50 off 57 deliveries, including eight boundaries, before he was run-out by Yuvraj Singh.
More from: http://specials.rediff.com
Friday, October 26, 2007
This year Foreign investors have bought some $16.7 billion in Indian shares
On Thursday evening, the Securities and Exchange Board of India, or SEBI, completed rules governing foreign participation in this fast-growing market, giving clarity to a closely watched situation that has disrupted the exchanges.
The board reiterated some hard-line proposals first floated last week, which caused the Bombay Stock Exchange’s Sensex index to decline more than 9 percent the next day, and hinted at further oversight. “This is not the last set of decisions that you would see regarding foreign investment in India,” the SEBI chairman, M. Damodaran, said in a news conference in Mumbai.
Foreign investors have bought some $16.7 billion in Indian shares this year, according to Bloomberg, 43 percent of that since the Federal Reserve lowered its benchmark interest rate on Sept. 18.
Foreign investors who have not registered with Indian regulators, a sometimes cumbersome process, can no longer use popular financial instruments known as participatory notes to invest in the market, Mr. Damodaran said on Thursday.
In essence, the move eliminates anonymous investors from the market, which could drive out short-term, speculative cash coming from hedge funds and banks. About half of all foreign investment in India’s stock markets is in the form of participatory notes. There was $89.8 billion in participatory notes outstanding in August, up from $8.1 billion in March 2004, SEBI reported on Oct. 16.
The board also said that entities that were not regulated in their home market could not use these notes, another potential blow to hedge funds, which often face little or no regulation. The regulator said investors using participatory notes based on derivatives would need to unwind their positions in 18 months. In addition, SEBI opened the markets slightly to possible long-term investors, saying that pension funds, endowments and university trusts could become registered foreign investors.
The rules go into effect Friday, Mr. Damodaran said.
Indian market regulators are facing what is becoming a common predicament in emerging markets: too much money. There is no perfect way to let the air out of a stock market bubble, say analysts and former regulators. Heavy-handed measures often drive too many investors away, while verbal warnings have little impact.
“There is no evidence I can think of where regulators have successfully intervened” to curb fast-growing stock markets, said Lynton Jones, a founder of Bourse Consult, a London-based adviser to stock exchanges.
“The trouble with markets that are emerging or have just emerged is that the government seems to feel that it can control everything,” Mr. Jones said. In the West, most participants think “markets are markets and they have to sort themselves out.”
Some economists think the impact from SEBI’s hard-line stance will be short term.
“Unless you make controls really draconian, they won’t have any lasting effect,” said Willem H. Buiter, a professor at the London School of Economics and an adviser to Goldman Sachs. “When people believe there is money to be made, they’ll find a way around them.”
When Thai regulators introduced new capital controls in December, the stock market plunged 15 percent the next day, its largest drop in about a decade. Regulators were hoping to cool appreciation of the baht and the stock market by forcing foreign investors to put 30 percent of all incoming investment cash into reserve accounts that earned no interest.
After the market drop, regulators quickly altered their rule, omitting stock market investments.
Chinese regulators have raised interest rates four times this year, hoping to slow appreciation in the country’s stock market, with little effect.
“Can you manage a market? Not really,” said Thomas Krantz, the secretary general of the World Federation of Exchanges, a trade group for financial markets based in Paris. “The market is a force in its own right. You can only do your best to make clear rules, say what you want and why you are doing it.”
Read more from: http://www.nytimes.com/
The board reiterated some hard-line proposals first floated last week, which caused the Bombay Stock Exchange’s Sensex index to decline more than 9 percent the next day, and hinted at further oversight. “This is not the last set of decisions that you would see regarding foreign investment in India,” the SEBI chairman, M. Damodaran, said in a news conference in Mumbai.
Foreign investors have bought some $16.7 billion in Indian shares this year, according to Bloomberg, 43 percent of that since the Federal Reserve lowered its benchmark interest rate on Sept. 18.
Foreign investors who have not registered with Indian regulators, a sometimes cumbersome process, can no longer use popular financial instruments known as participatory notes to invest in the market, Mr. Damodaran said on Thursday.
In essence, the move eliminates anonymous investors from the market, which could drive out short-term, speculative cash coming from hedge funds and banks. About half of all foreign investment in India’s stock markets is in the form of participatory notes. There was $89.8 billion in participatory notes outstanding in August, up from $8.1 billion in March 2004, SEBI reported on Oct. 16.
The board also said that entities that were not regulated in their home market could not use these notes, another potential blow to hedge funds, which often face little or no regulation. The regulator said investors using participatory notes based on derivatives would need to unwind their positions in 18 months. In addition, SEBI opened the markets slightly to possible long-term investors, saying that pension funds, endowments and university trusts could become registered foreign investors.
The rules go into effect Friday, Mr. Damodaran said.
Indian market regulators are facing what is becoming a common predicament in emerging markets: too much money. There is no perfect way to let the air out of a stock market bubble, say analysts and former regulators. Heavy-handed measures often drive too many investors away, while verbal warnings have little impact.
“There is no evidence I can think of where regulators have successfully intervened” to curb fast-growing stock markets, said Lynton Jones, a founder of Bourse Consult, a London-based adviser to stock exchanges.
“The trouble with markets that are emerging or have just emerged is that the government seems to feel that it can control everything,” Mr. Jones said. In the West, most participants think “markets are markets and they have to sort themselves out.”
Some economists think the impact from SEBI’s hard-line stance will be short term.
“Unless you make controls really draconian, they won’t have any lasting effect,” said Willem H. Buiter, a professor at the London School of Economics and an adviser to Goldman Sachs. “When people believe there is money to be made, they’ll find a way around them.”
When Thai regulators introduced new capital controls in December, the stock market plunged 15 percent the next day, its largest drop in about a decade. Regulators were hoping to cool appreciation of the baht and the stock market by forcing foreign investors to put 30 percent of all incoming investment cash into reserve accounts that earned no interest.
After the market drop, regulators quickly altered their rule, omitting stock market investments.
Chinese regulators have raised interest rates four times this year, hoping to slow appreciation in the country’s stock market, with little effect.
“Can you manage a market? Not really,” said Thomas Krantz, the secretary general of the World Federation of Exchanges, a trade group for financial markets based in Paris. “The market is a force in its own right. You can only do your best to make clear rules, say what you want and why you are doing it.”
Read more from: http://www.nytimes.com/
Thursday, October 25, 2007
SWAMI VIVEKANANDA - Inspiring Personality of India
**********SWAMI VIVEKANANDA***************
SWAMI VIVEKANANDA'S inspiring personality was well known both in India and in America during the last decade of the nineteenth century and the first decade of the twentieth. The unknown monk of India suddenly leapt into fame at the Parliament of Religions held in Chicago in 1893, at which he represented Hinduism. His vast knowledge of Eastern and Western culture as well as his deep spiritual insight, fervid eloquence, brilliant conversation, broad human sympathy, colourful personality, and handsome figure made an irresistible appeal to the many types of Americans who came in contact with him. People who saw or heard Vivekananda even once still cherish his memory after a lapse of more than half a century.
********************************************************************
*****
***************************************************************
In America Vivekananda's mission was the interpretation of India's spiritual culture, especially in its Vedantic setting. He also tried to enrich the religious consciousness of the Americans through the rational and humanistic teachings of the Vedanta philosophy. In America he became India's spiritual ambassador and pleaded eloquently for better understanding between India and the New World in order to create a healthy synthesis of East and West, of religion and science.
In his own motherland Vivekananda is regarded as the patriot saint of modern India and an inspirer of her dormant national consciousness, To the Hindus he preached the ideal of a strength-giving and man-making religion. Service to man as the visible manifestation of the Godhead was the special form of worship he advocated for the Indians, devoted as they were to the rituals and myths of their ancient faith. Many political leaders of India have publicly acknowledged their indebtedness to Swami Vivekananda.
The Swami's mission was both national and international. A lover of mankind, be strove to promote peace and human brotherhood on the spiritual foundation of the Vedantic Oneness of existence. A mystic of the highest order, Vivekananda had a direct and intuitive experience of Reality. He derived his ideas from that unfailing source of wisdom and often presented them in the soulstirring language of poetry.
The natural tendency of Vivekananda's mind, like that of his Master, Ramakrishna, was to soar above the world and forget itself in contemplation of the Absolute. But another part of his personality bled at the sight of human suffering in East and West alike. It might appear that his mind seldom found a point of rest in its oscillation between contemplation of God and service to man. Be that as it may, he chose, in obedience to a higher call, service to man as his mission on earth; and this choice has endeared him to people in the West, Americans in particular.
*****************************************************************
*****************************************************************
In the course of a short life of thirty-nine years (1863-1902), of which only ten were devoted to public activities-and those, too, in the midst of acute physical suffering-he left for posterity his four classics: Jnana-Yoga, Bhakti-Yoga, Karma-Yoga, and Raja-Yoga, all of which are outstanding treatises on Hindu philosophy. In addition, he delivered innumerable lectures, wrote inspired letters in his own hand to his many friends and disciples, composed numerous poems, and acted as spiritual guide to the many seekers, who came to him for instruction. He also organized the Ramakrishna Order of monks, which is the most outstanding religious organization of modern India. It is devoted to the propagation of the Hindu spiritual culture not only in the Swami's native land, but also in America and in other parts of the world.
Article source:http://www.ramakrishna.org/sv.htm
Tuesday, October 23, 2007
23 Octuber,2007 News "Air Deccan woman engineer found dead"
Air Deccan woman engineer found dead
A 25-year-old woman engineer, who worked with Air Deccan, is found dead under mysterious circumstances near the taxiway at the domestic airport in Delhi.
Dutt wants to be home for Diwali
Earlier the actor surrenders calmly after receiving the copy of the judgement, reportsWednesday, October 3, 2007
Andaman and Nicobar Map and Information
Total Area: 8249 Sq.km
Population: 356265 upto 2001
Religion: Hindu, Christian, Muslim, Sikh, Buddhist, Jain
Location: Bay of Bengal
Andaman Island: Saddle Peak, (732 Metres)
Nicobar Island: Mount Thullier(642 Metres)
Wednesday, September 5, 2007
Today (September-6-2007) Breaking News from Times of India
ISRO bleeds as scientists leave
A woman Army officer has accused a major-general of "misconduct" in the strategically-located Leh area, sending shockwaves down the ranks.
Government is set to amend the Immoral Traffic Prevention Act to bring clients under its ambit, rendering them liable to imprisonment upto six months.
Show of strength at Malabar
Left Front hit the roads on Wednesday against the joint naval exercises.
Osteoarthritis is India's No. 1 ailment
Osteoarthritis is a condition in which the cartilage that acts as a cushion between bones in joints begins to wear out, causing inflammation and pain in joints, thereby restricting movement. Osteoarthritis is also known as degenerative arthritis or degenerative joint disease.
Voter IDs for Bangla nationals!
There could be around one lakh
India world's top BPO destination
NEW DELHI: When it comes to outsourcing, India continues to rule as the favourite global destination, even though factors like emergence of cheaper destinations, employee and salary crunch are adversely affecting the sector, a recent study shows.
Microsoft hints at iPhone rival
NEW DELHI: Telecom regulator TRAI has dismissed mobile operators' allegations of being non-transparent while recommending criteria to allocate spectrum to existing players and said it has not violated any law.
Sony unveils 'smart' camera
Movie Reviews
Wednesday, August 15, 2007
RBI wants local banks to address the issue of rising cases of frauds in the mortgage market
Banking regulator Reserve Bank of India (RBI) wants local banks to address the issue of rising cases of frauds in the mortgage market. RBI, according to banking sources, has raised concerns relating to inappropriate valuations with the Indian Banks’ Association (IBA). The regulator wants banks to look at this issue from a holistic perspective.
IBA is now looking at issuing a policy document to highlight the selection norms for banks appointing independent valuers. Considering that banks need to migrate to Basel II standards in the next few months, periodic valuations of assets are gaining greater significance. RBI has indicated to IBA that in the recent past, there had been several instances where banks had opted for valuers who were offering services at lower costs. But some of these valuers have misled banks, thus impacting the quality of assets.
Industry sources point out most banks typically look at the panel of valuers approved by the Income Tax department for evaluating individuals paying wealth tax. However, the institution of valuers is not a statutory body like ICAI, although a legislation aimed at creating a similar body for valuers is on the cards.
A senior official from IBA said, “Talks are at a preliminary stage, we will be putting down criteria based on which banks can appoint valuers. Also, we may appoint our own panel of valuers for properties whose value exceeds Rs 50 crore.” In its communication to IBA, the central bank also cited instances of many document-related frauds. Tamil Nadu has set up an online mortgage loan registry and Andhra Pradesh is also planning to follow suit.
IBA is now in talks with the Credit Information Bureau of India (CIBIL) to develop a common database on frauds detected by banks in the industry. Sources added with increasing availability of reprinting machines (colour xeroxes), it is possible to secure exact replicas of documents. Especially, in cases where the property is still under construction, it is difficult for valuers to verify the physical existence of the property. Read more from: indiatimes.com
IBA is now looking at issuing a policy document to highlight the selection norms for banks appointing independent valuers. Considering that banks need to migrate to Basel II standards in the next few months, periodic valuations of assets are gaining greater significance. RBI has indicated to IBA that in the recent past, there had been several instances where banks had opted for valuers who were offering services at lower costs. But some of these valuers have misled banks, thus impacting the quality of assets.
Industry sources point out most banks typically look at the panel of valuers approved by the Income Tax department for evaluating individuals paying wealth tax. However, the institution of valuers is not a statutory body like ICAI, although a legislation aimed at creating a similar body for valuers is on the cards.
A senior official from IBA said, “Talks are at a preliminary stage, we will be putting down criteria based on which banks can appoint valuers. Also, we may appoint our own panel of valuers for properties whose value exceeds Rs 50 crore.” In its communication to IBA, the central bank also cited instances of many document-related frauds. Tamil Nadu has set up an online mortgage loan registry and Andhra Pradesh is also planning to follow suit.
IBA is now in talks with the Credit Information Bureau of India (CIBIL) to develop a common database on frauds detected by banks in the industry. Sources added with increasing availability of reprinting machines (colour xeroxes), it is possible to secure exact replicas of documents. Especially, in cases where the property is still under construction, it is difficult for valuers to verify the physical existence of the property. Read more from: indiatimes.com
Monday, July 16, 2007
Reliance Communications Ltd. of India buy data-communications-services provider Yipes Holdings Inc. of the U.S.
Telecommunications-service provider Reliance Communications Ltd. of India yesterday said it signed a pact to buy data-communications-services provider Yipes Holdings Inc. of the U.S. for $300 million.
"We have signed a definitive agreement to acquire a 100% stake in U.S.-based Yipes Holdings in an all-cash 12-billion-rupee, or $300 million, transaction," said Reliance Communications' Chairman Anil Ambani.
"This is the largest acquisition that Reliance Communications has ever made....We expect this acquisition to significantly enhance the growth rate, profitability and returns of our global data business," he said.
The news drove Reliance Communications' stock price up 3.5%, or 19.35 rupees, to 574.05 rupees on the Bombay Stock Exchange yesterday, after the stock rose to an record of 577.40 rupees intraday.
Reliance Communications, one of India's largest telecom operators, bought closely held Yipes, whose headquarters is in San Francisco, through Reliance Communications' wholly owned unit Flag Telecom.
"This is a big buy for Reliance in terms of strategic fit," said Harit Shah, a Mumbai-based analyst at Angel Broking.
"It will give R-Com a footprint in the U.S. enterprise market and advance its plans to become a major telecommunications player globally," he added.
Yipes counts NTT Data Corp. of Japan and Verizon Communications Inc. of the U.S. as its clients. Yipes expects its revenue to grow to about $100 million in the year ending March 31, Yipes Chief Executive John Scanlon said.
Yipes owns more than 22,000 route kilometers of fiber across 14 U.S. metropolitan areas.
Yipes has benefited from the growth of electronic trading, where financial exchanges such as INET at the Nasdaq Stock Market and Globex at the Chicago Mercantile Exchange employ split-second trading strategies. Yipes's network connects buy-side and sell-side traders with the different exchanges.
Source: http://online.wsj.com/article/SB118460843906467786.html?mod=googlenews_wsj
"We have signed a definitive agreement to acquire a 100% stake in U.S.-based Yipes Holdings in an all-cash 12-billion-rupee, or $300 million, transaction," said Reliance Communications' Chairman Anil Ambani.
"This is the largest acquisition that Reliance Communications has ever made....We expect this acquisition to significantly enhance the growth rate, profitability and returns of our global data business," he said.
The news drove Reliance Communications' stock price up 3.5%, or 19.35 rupees, to 574.05 rupees on the Bombay Stock Exchange yesterday, after the stock rose to an record of 577.40 rupees intraday.
Reliance Communications, one of India's largest telecom operators, bought closely held Yipes, whose headquarters is in San Francisco, through Reliance Communications' wholly owned unit Flag Telecom.
"This is a big buy for Reliance in terms of strategic fit," said Harit Shah, a Mumbai-based analyst at Angel Broking.
"It will give R-Com a footprint in the U.S. enterprise market and advance its plans to become a major telecommunications player globally," he added.
Yipes counts NTT Data Corp. of Japan and Verizon Communications Inc. of the U.S. as its clients. Yipes expects its revenue to grow to about $100 million in the year ending March 31, Yipes Chief Executive John Scanlon said.
Yipes owns more than 22,000 route kilometers of fiber across 14 U.S. metropolitan areas.
Yipes has benefited from the growth of electronic trading, where financial exchanges such as INET at the Nasdaq Stock Market and Globex at the Chicago Mercantile Exchange employ split-second trading strategies. Yipes's network connects buy-side and sell-side traders with the different exchanges.
Source: http://online.wsj.com/article/SB118460843906467786.html?mod=googlenews_wsj
Wednesday, July 4, 2007
India's Stock Market Preview : Banks, DLF, Hindustan Petroleum
The Bombay Stock Exchange's Sensitive Index, or Sensex, added 0.5 percent to 14,880.24, a third straight record. The S&P/CNX Nifty Index on the National Stock Exchange was little changed at 4359.30. Nifty Futures for July delivery was little changed at 4355.25.
Overseas investors bought a net 4.1 billion rupees ($100.6 million) worth of Indian shares on July 3, according to the latest figures from the Securities & Exchange Board of India's Web site.
Banks: Indian lenders are cutting interest rates on deposits of more than 1.5 million rupees, the Hindu Business Line reported, citing local bank officials. Some banks have slashed interest rates on deposits by as much as 2 percentage points to less than 10 percent, the newspaper said, citing J. Moses Harding, head of wholesale banking at IndusInd Bank Ltd.
ICICI Bank Ltd. (ICICIBC IN), the nation's most valuable lender, added 19.15 rupees, or 2 percent, to 985.35. State Bank of India (SBIN IN), the country's largest lender, fell 19.05 rupees, or 1.2 percent, to 1563.4.
DLF Ltd. (DLFU IN): The real-estate developer controlled by billionaire Kushal Pal Singh, will list on the Indian stock exchanges today. The company raised 91.9 billion rupees in the nation's biggest initial share sale, selling 175 million shares at 525 rupees apiece.
Hindustan Petroleum Corp. Ltd. (HPCL IN): The state-run oil marketer and refiner said its venture with billionaire Lakshmi Mittal will raise as much as $1 billion through overseas borrowings in next four years. Hindustan Petroleum rose 0.5 rupee, or 0.2 percent, to 265.95.
JM Financial Ltd. (JM IN): The company, Morgan Stanley's former Indian partner, said it agreed to buy a 60 percent stake in ASK Securities India Pvt. for 581.4 million rupees. The venture will focus on equity research, institutional sales and trading. JM Financial declined 7.15 rupees, 0.7 percent, to 1,058.8.
Oil & Natural Gas Corp. (ONGC IN): India's largest oil producer had its stock rating cut to ``neutral'' from ``buy'' at Goldman Sachs. The shares declined 13.65 rupees, or 1.5 percent, to 874.25.
Overseas investors bought a net 4.1 billion rupees ($100.6 million) worth of Indian shares on July 3, according to the latest figures from the Securities & Exchange Board of India's Web site.
Banks: Indian lenders are cutting interest rates on deposits of more than 1.5 million rupees, the Hindu Business Line reported, citing local bank officials. Some banks have slashed interest rates on deposits by as much as 2 percentage points to less than 10 percent, the newspaper said, citing J. Moses Harding, head of wholesale banking at IndusInd Bank Ltd.
ICICI Bank Ltd. (ICICIBC IN), the nation's most valuable lender, added 19.15 rupees, or 2 percent, to 985.35. State Bank of India (SBIN IN), the country's largest lender, fell 19.05 rupees, or 1.2 percent, to 1563.4.
DLF Ltd. (DLFU IN): The real-estate developer controlled by billionaire Kushal Pal Singh, will list on the Indian stock exchanges today. The company raised 91.9 billion rupees in the nation's biggest initial share sale, selling 175 million shares at 525 rupees apiece.
Hindustan Petroleum Corp. Ltd. (HPCL IN): The state-run oil marketer and refiner said its venture with billionaire Lakshmi Mittal will raise as much as $1 billion through overseas borrowings in next four years. Hindustan Petroleum rose 0.5 rupee, or 0.2 percent, to 265.95.
JM Financial Ltd. (JM IN): The company, Morgan Stanley's former Indian partner, said it agreed to buy a 60 percent stake in ASK Securities India Pvt. for 581.4 million rupees. The venture will focus on equity research, institutional sales and trading. JM Financial declined 7.15 rupees, 0.7 percent, to 1,058.8.
Oil & Natural Gas Corp. (ONGC IN): India's largest oil producer had its stock rating cut to ``neutral'' from ``buy'' at Goldman Sachs. The shares declined 13.65 rupees, or 1.5 percent, to 874.25.
India's Stock Market Preview : Banks, DLF, Hindustan Petroleum
The Bombay Stock Exchange's Sensitive Index, or Sensex, added 0.5 percent to 14,880.24, a third straight record. The S&P/CNX Nifty Index on the National Stock Exchange was little changed at 4359.30. Nifty Futures for July delivery was little changed at 4355.25.
Overseas investors bought a net 4.1 billion rupees ($100.6 million) worth of Indian shares on July 3, according to the latest figures from the Securities & Exchange Board of India's Web site.
Banks: Indian lenders are cutting interest rates on deposits of more than 1.5 million rupees, the Hindu Business Line reported, citing local bank officials. Some banks have slashed interest rates on deposits by as much as 2 percentage points to less than 10 percent, the newspaper said, citing J. Moses Harding, head of wholesale banking at IndusInd Bank Ltd.
ICICI Bank Ltd. (ICICIBC IN), the nation's most valuable lender, added 19.15 rupees, or 2 percent, to 985.35. State Bank of India (SBIN IN), the country's largest lender, fell 19.05 rupees, or 1.2 percent, to 1563.4.
DLF Ltd. (DLFU IN): The real-estate developer controlled by billionaire Kushal Pal Singh, will list on the Indian stock exchanges today. The company raised 91.9 billion rupees in the nation's biggest initial share sale, selling 175 million shares at 525 rupees apiece.
Hindustan Petroleum Corp. Ltd. (HPCL IN): The state-run oil marketer and refiner said its venture with billionaire Lakshmi Mittal will raise as much as $1 billion through overseas borrowings in next four years. Hindustan Petroleum rose 0.5 rupee, or 0.2 percent, to 265.95.
JM Financial Ltd. (JM IN): The company, Morgan Stanley's former Indian partner, said it agreed to buy a 60 percent stake in ASK Securities India Pvt. for 581.4 million rupees. The venture will focus on equity research, institutional sales and trading. JM Financial declined 7.15 rupees, 0.7 percent, to 1,058.8.
Oil & Natural Gas Corp. (ONGC IN): India's largest oil producer had its stock rating cut to ``neutral'' from ``buy'' at Goldman Sachs. The shares declined 13.65 rupees, or 1.5 percent, to 874.25.
Overseas investors bought a net 4.1 billion rupees ($100.6 million) worth of Indian shares on July 3, according to the latest figures from the Securities & Exchange Board of India's Web site.
Banks: Indian lenders are cutting interest rates on deposits of more than 1.5 million rupees, the Hindu Business Line reported, citing local bank officials. Some banks have slashed interest rates on deposits by as much as 2 percentage points to less than 10 percent, the newspaper said, citing J. Moses Harding, head of wholesale banking at IndusInd Bank Ltd.
ICICI Bank Ltd. (ICICIBC IN), the nation's most valuable lender, added 19.15 rupees, or 2 percent, to 985.35. State Bank of India (SBIN IN), the country's largest lender, fell 19.05 rupees, or 1.2 percent, to 1563.4.
DLF Ltd. (DLFU IN): The real-estate developer controlled by billionaire Kushal Pal Singh, will list on the Indian stock exchanges today. The company raised 91.9 billion rupees in the nation's biggest initial share sale, selling 175 million shares at 525 rupees apiece.
Hindustan Petroleum Corp. Ltd. (HPCL IN): The state-run oil marketer and refiner said its venture with billionaire Lakshmi Mittal will raise as much as $1 billion through overseas borrowings in next four years. Hindustan Petroleum rose 0.5 rupee, or 0.2 percent, to 265.95.
JM Financial Ltd. (JM IN): The company, Morgan Stanley's former Indian partner, said it agreed to buy a 60 percent stake in ASK Securities India Pvt. for 581.4 million rupees. The venture will focus on equity research, institutional sales and trading. JM Financial declined 7.15 rupees, 0.7 percent, to 1,058.8.
Oil & Natural Gas Corp. (ONGC IN): India's largest oil producer had its stock rating cut to ``neutral'' from ``buy'' at Goldman Sachs. The shares declined 13.65 rupees, or 1.5 percent, to 874.25.
Tuesday, June 26, 2007
Starbucks Corp will send application for its entry into India
Coffee shop chain Starbucks Corp. (SBUX.O) will send a revised application for its entry into India after its earlier proposal for a franchise operation was put on hold, the Business Standard newspaper said on Wednesday. India's Department of Industrial Policy and Promotion is of the view that the U.S. firm should enter through a foreign direct investment route as its franchise plan did not conform to foreign investment norms, the paper said, citing a government official.
It has been reported that Starbucks had proposed to enter the fast-expanding Indian market through a franchise 51 percent owned by its Indonesian franchisee V.P. Sharma, with the rest held by India's Future Group CEO Kishore Biyani.
This arrangement was not acceptable as Sharma was a non-resident Indian, the official told the paper.
"We have not send the proposal to the Foreign Investment Promotion Board, which will take the final decision on the matter. We don't know how the company will draft its new proposal and the route it will take," the official said.
Earlier, a local newspaper had reported that Starbucks had refiled its application, opting for a franchise rather than a planned joint venture because India had not cleared its proposal.
Foreign single-brand retailers can take 51 percent in a venture with a local Indian partner, while multiple-brand retailers are limited to cash-and-carry or franchise and license operations.Read more from: http://www.washingtonpost.com
It has been reported that Starbucks had proposed to enter the fast-expanding Indian market through a franchise 51 percent owned by its Indonesian franchisee V.P. Sharma, with the rest held by India's Future Group CEO Kishore Biyani.
This arrangement was not acceptable as Sharma was a non-resident Indian, the official told the paper.
"We have not send the proposal to the Foreign Investment Promotion Board, which will take the final decision on the matter. We don't know how the company will draft its new proposal and the route it will take," the official said.
Earlier, a local newspaper had reported that Starbucks had refiled its application, opting for a franchise rather than a planned joint venture because India had not cleared its proposal.
Foreign single-brand retailers can take 51 percent in a venture with a local Indian partner, while multiple-brand retailers are limited to cash-and-carry or franchise and license operations.Read more from: http://www.washingtonpost.com
Wednesday, June 20, 2007
Bharat Diamond Bourese Mumbai operations will starts before Diwali
India is set to become a diamond trading hub in the next two years as the ambitious Bharat Diamond Bourse is expected to start operations at the Bandra-Kurla Complex in Mumbai by this Diwali.
As an international destination the Bharat Diamond Bourse aims to further enhance India position in the world diamond market once it becomes fully operational by October November Bharat Diamond Bourse president Anoop said.
With world class facilities under one roof the bourse world contribute to 90 percent of country’s diamond trading activist he added.
Bharat Diamond Bourse is establishing a 18 lakh sq ft complex at Bandra Kurla Complex a business district in the suburbs at an estimated cost of Rs900-1000crore.
The main objective is to established a bourse for promotion and export of diamonds and to provide infrastructure and other facilities in India for domestic and overseas buyers and sellers of diamonds.
Instituted to cater all the needs of the diamond trade Bharat Diamond Bourse is anticipating to deal with over 30,000 people a day.
The facilities at BDB would include officers of diamond traders strong rooms, locked and customs clearance facilities with all modern facilities required to carry day to day business
As an international destination the Bharat Diamond Bourse aims to further enhance India position in the world diamond market once it becomes fully operational by October November Bharat Diamond Bourse president Anoop said.
With world class facilities under one roof the bourse world contribute to 90 percent of country’s diamond trading activist he added.
Bharat Diamond Bourse is establishing a 18 lakh sq ft complex at Bandra Kurla Complex a business district in the suburbs at an estimated cost of Rs900-1000crore.
The main objective is to established a bourse for promotion and export of diamonds and to provide infrastructure and other facilities in India for domestic and overseas buyers and sellers of diamonds.
Instituted to cater all the needs of the diamond trade Bharat Diamond Bourse is anticipating to deal with over 30,000 people a day.
The facilities at BDB would include officers of diamond traders strong rooms, locked and customs clearance facilities with all modern facilities required to carry day to day business
Subscribe to:
Posts (Atom)