Monday, July 4, 2011

Ugam to ramp up headcount

Ugam to ramp up headcount

Ugam to ramp up headcount

Posted: 04 Jul 2011 03:37 PM PDT

Ugam Solutions, which offers advanced analytics and online marketing services, is expanding operations in the city, with a new facility that would enable it to employ 800 people.

S&P warns of Greek default

Posted: 04 Jul 2011 03:28 PM PDT

Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

StanC arm buys 10% in Redington for 365 crore

Posted: 04 Jul 2011 03:24 PM PDT

Standard Chartered Bank's private equity arm has bought a 10% stake in Redington India, the oldest distributor of IT products in the country, for Rs 365 crore. While ECL Finance, the NBFC arm of Edelweiss, bought 2% of the Chennai-based firm's shares.

'People leave bosses, not organizations'

Posted: 04 Jul 2011 03:22 PM PDT

Hindustan Unilever (HUL) has come a long way in trying to make the elephant nimble-footed. In a decade, it has traversed from the point of not growing to growing, from criticism of its working style to being named India's best employer by Aon Hewitt, and from harnessing local leaders to churning out global leaders.

Milk prices not likely to rise soon

Posted: 04 Jul 2011 03:03 PM PDT

Milk prices, which have trebled in the last two years, are unlikely to rise soon as there has been a significant increase in production of milk and milk products, say top producers.

Repair of highways hit by shortage of funds

Posted: 04 Jul 2011 03:01 PM PDT

Ever wondered why large sections of national highways (NHs) are poorly maintained and who is to be blamed for this? An analysis of the fund by TOI released by the central government for the maintenance of NHs in the last three financial years reveals how on an average only about 50% of the required amount has been provided to carry out maintenance and repair work on highways.

Khan is new DG of RBI

Posted: 04 Jul 2011 02:59 PM PDT

Harun Rashid Khan has been appointed deputy governor of RBI to fill in the vacancy created after the retirement of Shyamala Gopinath in May 2011.

Not many takers for Birla HQ

Posted: 04 Jul 2011 02:56 PM PDT

There is lot of empty space left in the 15th floor of the Birla Building, once considered as the global headquarters of the Birla empire, but it seems not many contenders interested to occupy that.

Govt to push service tax mop-up

Posted: 04 Jul 2011 02:53 PM PDT

The finance ministry has asked the Central Board of Excise and Customs (CBEC) to make up for the revenue loss on account of oil duties rejig through additional mop up from the service sector, which constitutes 60% of the gross domestic product and has a 20% share in indirect tax collection.

SC nod to sell part of VSNL land

Posted: 04 Jul 2011 02:51 PM PDT

The Supreme Court on Monday gave a go- ahead for sale of a part of the 774 acres of land in Maharashtra belonging to VSNL, now Tata Communications, by the government.

FDI inflow surges to 39-month high in May at $4.7bn

Posted: 04 Jul 2011 02:48 PM PDT

Foreign direct investment seems to have made a smart recovery after a year of continuous fall. Latest data released by the department of industrial policy and promotion (DIPP) shows FDI inflows more than doubled to $4.66 billion in May 2011, compared to $2.21 billion a year ago.

'Cos sweeten pay hikes to soften price pinch'

Posted: 04 Jul 2011 02:46 PM PDT

Rising inflation has made India Inc sit back and take notice. In fact, organizations are looking for ways to help employees fight increasing costs even as they protect their profitability.

Vedanta deal may face Cairn India board hurdle

Posted: 04 Jul 2011 02:44 PM PDT

Recent resolutions passed by the Cairn India board would bring it at loggerheads over corporate governance issues with parent Cairn Energy Plc or Vedanta Resources of NRI metals tycoon Anil Agarwal if the entities accept the government's condition for clearing their $9-billion share transfer deal.

Escorts plans to list three verticals

Posted: 04 Jul 2011 02:41 PM PDT

Delhi-based Escorts group is planning to list its three big business verticals as separate entities. In the process, Escorts will hive off the railway component and auto component businesses, said a top company official.

HC imposes 1cr fine on Idea, stops licence transfer

Posted: 04 Jul 2011 02:39 PM PDT

In a setback to Idea Cellular, the Delhi High Court on Monday held that the six licences of Spice Communications would not be transferred to Idea, which acquired it in 2008, as the company did not comply with the licence and merger guidelines.

SA giant Distell in talks with Chhabria

Posted: 04 Jul 2011 02:36 PM PDT

South African spirits behemoth Distell and liquor baron Kishore Chhabria's Allied Blenders & Distillers (ABD) are in discussions for an Indian joint venture that will mark the entry of Johannesburg listed giant's entry into the country.

Viom, GTL Infra explore big bang merger?

Posted: 04 Jul 2011 02:33 PM PDT

Viom Networks, a joint venture between Srei and Tata Teleservices, has had preliminary discussions with bankers exploring a strategic merger with the beleaguered GTL Infra, said sources directly familiar with the development.

RBI fines Citi 25L in Gurgaon fraud case

Posted: 04 Jul 2011 02:23 PM PDT

The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Citibank for violating "know your customer" and anti-money laundering norms while opening accounts which led to the Gurgaon fraud.

Pharma FDI cap may be cut to 49%

Posted: 04 Jul 2011 02:14 PM PDT

An inter-ministerial group (IMG) has suggested that foreign direct investment (FDI) cap in existing pharmaceutical ventures be lowered to 49% from 100% to check takeover of local companies by multinationals.

India grants Scotch GI status to check counterfeit

Posted: 04 Jul 2011 01:32 PM PDT

India has granted 'geographical indication of origin' (GI) status to Scotch whisky, a legal protection that will help prevent the sale of counterfeit products in the Indian market as well as reinforce the authenticity of the product for the consumer.

RBI fines Citibank Rs 2.5 million

Posted: 04 Jul 2011 08:04 AM PDT

Reserve Bank of India on Monday said it has fined Citibank Rs 2.5 million for violating know-your-customer (KYC) guidelines.

RBI fines Citibank 2.5 mln rupees

Posted: 04 Jul 2011 08:04 AM PDT

Reserve Bank of India on Monday said it has fined Citibank 2.5 million rupees for violating know-your-customer (KYC) guidelines.

Rupee ends 15 paise up against US dollar

Posted: 04 Jul 2011 08:03 AM PDT

Extending its gains for the fourth straight session,the rupee gained 15 paise to close at a fresh two-month high of 44.42/43 against the US currency following heavy capital inflows amid sustained sale of dollars.

Emaar MGF records Rs 206 cr loss in FY11, sells hotel project

Posted: 04 Jul 2011 06:03 AM PDT

Real estate developer Emaar MGF on Monday said it has posted a net loss of Rs 205.94 crore for the year ended March 31, 2011, mainly on account of selling its hospitality project in Kolkata at discount.

Sensex ends flat, up 52 points

Posted: 04 Jul 2011 04:11 AM PDT

The BSE benchmark Sensex climbed about 52 points, led by gains in real estate and consumer durable stocks amid a firm global trend.
Posted by Harshad at 9:05 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)