Wednesday, June 8, 2011

PAN card must to purchase jewellery worth over Rs 5 lakh

PAN card must to purchase jewellery worth over Rs 5 lakh

PAN card must to purchase jewellery worth over Rs 5 lakh

Posted: 08 Jun 2011 06:21 PM PDT

In an attempt to combat black money , the Centre has made it compulsory to submit permanent account number (PAN) for purchase of jewellery or bullion exceeding Rs 5 lakh .

RSA faces angry users after security breach

Posted: 08 Jun 2011 06:17 PM PDT

The company's admission of the RSA tokens' vulnerability was a shock to many customers because it came so long after a hacking attack on RSA in March and one on Lockheed Martin last month.

US may lose prized AAA ratings: Fitch

Posted: 08 Jun 2011 06:02 PM PDT

The United States probably wouldn't be able to maintain its prized AAA sovereign ratings status if it suffered even a 'technical' default on its debt, Fitch Ratings said on Wednesday.

Infosys acquires software unit in NZ

Posted: 08 Jun 2011 06:01 PM PDT

Infosys Technologies has acquired the software solutions business of New Zealand-based Gen-i for NZ$5 million (Rs 44 crore). Gen-i is part of the Telecom New Zealand Group.

Rate war over, cell tariffs set to rise

Posted: 08 Jun 2011 05:39 PM PDT

A single naya paisa is still buying-power in India, if you are shopping for talk-time . Indeed, air-time is the cheapest commodity in the country now. But the days of falling mobile tariffs may be at its end.

Banning 500 & 1000 notes not feasible: Bankers

Posted: 08 Jun 2011 05:36 PM PDT

Baba Ramdev's call to ban Rs 500 and Rs 1,000 notes to curb black money hasn't found any support among bankers who feel that such a move is not feasible. However, nosenior banker is willing to comment on the issue as they feel it is a political hot potato to talk about the impact of such a ban.

Maruti strikers may not fight polls

Posted: 08 Jun 2011 03:56 PM PDT

Protestors will not participate at the company's upcoming union elections in July if their proposed union is not recognised by the management, according to a top leader of the agitating workers at Maruti's Manesar plant said on Wednesday.

Rupee ends 3 paise down against USD

Posted: 08 Jun 2011 10:39 AM PDT

Snapping its two-week-long gaining spree the rupee ended lower by three paise at 44.70/71 against the US currency on mild dollar demand from banks and importers on the back of a firm dollar overseas.

Govt allows export of extra 10 lakh tonnes of cotton

Posted: 08 Jun 2011 07:29 AM PDT

The government today decided to allow exports of an additional 10 lakh bales of cotton during the current season ending September.

Gartner lowers PC unit growth forecast for 2011

Posted: 08 Jun 2011 07:06 AM PDT

Worldwide personal computer (PC) unit growth is projected to be slightly weaker in 2011 than the previous projection, according to Gartner. PC shipments are expected to grow 9.3% in 2011, reaching 385 million units. This is slightly lower than Gartner's previous projection of 10.5% growth for this year.

Gandhi City to raise US $25 million

Posted: 08 Jun 2011 05:21 AM PDT

Gandhi City for Advanced Research & Development, which has received approvals to set up the country's first R&D based Special Economic Zone (SEZ), will shortly raise US $25 million, as the first phase of investment for the project.

Ten get death penalty for honour killing

Posted: 08 Jun 2011 05:19 AM PDT

At least 10 members of a family were sentenced to death by a local court for killing an 18-year-old girl, her lover and the lover's brother in 2008.

Infosys acquires Gen-i's software solutions business

Posted: 08 Jun 2011 05:06 AM PDT

Country's second largest software exporter Infosys Technologies on Wednesday said it has acquired the software solutions business of Gen-i, as part of its partnership with the Telecom New Zealand Group firm.

Indian firms using social media to get business

Posted: 08 Jun 2011 04:43 AM PDT

There is a marked rise in use of social media by businesses worldwide as a tool to win new business, a recent study has found.

Sensex down 101 points on global cues

Posted: 08 Jun 2011 04:34 AM PDT

The BSE benchmark Sensex on Wednesday fell over 101 points at 18,394.29 on emergence of across the board selling in blue-chips led by Reliance Industries (RIL) as investors booked profits amid a weakening global trend.

Extra efforts needed to achieve tax targets: Pranab

Posted: 08 Jun 2011 02:02 AM PDT

Amid fears of moderation in growth, finance minister Pranab Mukherjee said sustained efforts would be needed to achieve indirect tax collection target of Rs 3.92 lakh crore.

Won't accept workers' demands: Maruti

Posted: 08 Jun 2011 12:28 AM PDT

"When a union is not even registered, how can we even think of accepting their demands?," said Maruti Suzuki India Chairman R C Bhargava.

Bisleri looking to enter Middle East countries

Posted: 07 Jun 2011 11:41 PM PDT

Bottled water major Bisleri International on Wednesday said it is looking at entering Middle East countries as part of its strategy to expand its overseas presence.

SBI to hire over 5,000 officers

Posted: 07 Jun 2011 11:35 PM PDT

While a total of 4,987 officers would be recruited for associate banks of SBI, as many as 206 officers would be hired for State Bank of India itself.

Rupee down 8 paise against US dollar in early trade

Posted: 07 Jun 2011 11:32 PM PDT

The Indian rupee lost 8 paise to Rs 44.75 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, weighed down by dollar gains against the euro and other currencies overseas.

Sensex down 95pts on profit-booking

Posted: 07 Jun 2011 09:16 PM PDT

The BSE benchmark sensex opened over 95 points lower on Wednesday as speculators booked profits made after two sessions of gains amid a weakening trend on other Asian bourses.
Posted by Harshad at 9:05 PM

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