FIPB (Foreign Investment Promotion Board) has declared that foreign capital in the form of partly paid-up capital can be used by companies, provided these are turned into fully paid-up shares within a period of 18 [...]
Lucas Oil
Pratik Kumar, Wipro executive VP, Human Resources, informed that the company has decided not to start with the recruitment till economic demand shoots up again. He said that all of the IT services players have [...]
The leading public sector bank of country, State Bank of India (SBI) is eyeing its advances to small and medium enterprises to grow at a rate of 25 percent in the current fiscal, according to [...]
Gross revenue collection has doubled in the period of last five years. Presently, the value stands at Rs.6.7 trillion. P Chidambaram, the Home Minister said on Monday that this is the sole ‘earning department’ for [...]
Oil rates are fast approaching $38 due to increasing economic concerns and US stocks showing continuous sliding to a 12 year low. This is thought to occur as a result of the ‘likely incapability’ of [...]
According to a government report, foodgrains nearly worth Rs 150 crore is destroyed each year in storage and transportation activities. Procurement of 5 million tonnes of surplus wheat was made in the previous year which [...]
The Indian Carbonated Soft Drinks market is seeing a great turnaround and major cola drinks are losing their value share to flavoured drinks as more and more customers are opting for healthier beverages. Carbonated drinks [...]
The downward trend of the Indian Rupee is continued even today and it dropped below Rs 52 per dollar mark in the afternoon trading as week performance of the stock markets raised the worries regarding [...]
Pfizer has decided to license a group of generic drugs and medicines from Aurobindo Pharma Ltd in India. The deal was announced on Tuesday. The General Manager of the established products unit, David Simmons informed [...]
Bharat Oman Refineries, promoted by Bharat Petroleum Corporation has decided to put on hold the plans of raising funds through IPO (Initial Public Offering). The company has earlier thought of using the IPO option for [...]
