Pepsico, the leading beverage and snacks food manufacturer announced on Monday its scaling of investments to around Rs 1,000 crore ($220 million) for the current year. This investment amount is estimated to be the biggest investment amount ever invested by the company during a single year. Sanjeev Chadha, CEO and chairman PepsiCo India briefed the [...]
Axis Bank announced on Monday that Shikha Sharma took over the charge as the new Managing Director and CEO. The third largest private sector bank of India, Axis bank spans a huge network of over 840 offices along with more than 3,600 ATMs. During her career span of 29-years, Shikha gained a wide exposure across [...]
Mindtree is planning to launch its new and innovative telemedicine boxes in the lucrative healthcare market for technological solutions. While the software service market is facing a sudden downfall and experiencing lower demand, the company has turned towards the manufacturing of theses products to sustain its growth in the market. The company has already marked [...]
Finance minister, Pranab Mukherjee has planned a master bank plan for public sector banks (PSBs). The comprehensive plan integrates all the terms that must be set for the credit offtake, interest rates, bad loans management, infrastructure lending, financial inclusion etc. Mr Mukherjee has also scheduled a meeting on June 10 with the PSBs captains and [...]
Mukesh Ambani the leading industrialist is worried regarding his dream project to set up Special Economic Zone (SEZ) in Raigad near Mumbai in over 10,000 hectares. The project is worth Rs.400 billion but is still in jeopardy as it failed in getting approved by Supreme Court on Friday as it extended the dead-line for land [...]
The government seems all geared up to provide the required thrust to the Metro rail projects in various cities, as it is planning to fuel in another Rs 1 lakh crore to the projects that are running across different metropolitans of the country. Different prominent cities including, Hyderabad, Mumbai, Chennai, Bangalore, are currently having Metro [...]
As per the data compiled by Kyodo News around 20 leading Japanese manufacturers terminated almost 87,000 jobs both at home as well as abroad in a small period of just 6 months. Until the end of March, these companies had a total of 2,858,000 employees, which is almost 0.3 percent less than the figure observed [...]
Government has decided to shift the decision of freeing up fuel prices for some time. In case fuel is allowed to be sold at market prices, it will cause the present government to lose popularity. As informed by a senior official of the government, the deregulation option has become less meaningful in the present scenario. [...]
Oil prices crossed the $70 barrier on Wednesday to close at $71 per barrel. Setting a record 2009 high, oil prices soared because of an the high inflow of money in the crude markets. Market analysts are of an opinion that such abrupt price rises will continue in the future because of the weakening dollar [...]
The Finance Minister Pranab Mukherjee on Wednesday appealed to state run banks to slice lending rates so as to contribute to the nation’s economic growth. Mr. Mukherjee met the top officials of the banks in this regard. He said that the abrupt rate cuts brought by RBI should get reflected in the rates borne by [...]