Japanese minister found dead at home
September 11th, 2012 - 12:45 am ICT by IANS
Tokyo, Sep 10 (IANS) Tadahiro Matushita, Japanese minister for post reform, and concurrently minister of state for financial services, was found dead at home in Tokyo Monday having allegedly committed ... Read more...
Posted in Politics |
Government okays 14 FDI proposals worth Rs.1,584 crore
July 24th, 2012 - 8:27 pm ICT by IANS
New Delhi, July 24 (IANS) The government Tuesday announced it has approved 14 proposals of foreign direct investment (FDI) worth Rs.1,584.11 crore. Majority of the money flow will be ... Read more...
Posted in Business |
FDI falls in Mexico
May 24th, 2012 - 12:12 pm ICT by IANS
Mexico City, May 24 (IANS/EFE) Mexico received $4.37 billion in foreign direct investment, or FDI, in the first quarter, down 8.7 percent from the same period in 2011, authorities said.FDI ... Read more...
Posted in Business |
Polaris launches new insurance claims processing solution
May 21st, 2012 - 10:51 pm ICT by IANS
Chennai, May 21 (IANS) Banking, financial services and insurance (BFSI) sector software company Polaris Financial Technology Monday launched its insurance claims processing software Intellect Claims.In a statement issued here, the ... Read more...
Posted in Business |
Bangladesh banker favours micro-finance regulation
May 9th, 2012 - 12:21 am ICT by IANS
Kolkata, May 8 (IANS) Bangladesh Bank Governor Atiur Rahman Tuesday emphasised the need for strong regulation for monitoring micro-finance institutions."We are striving to maintain the right balance of ensuring that ... Read more...
Posted in South Asia |
US to ease financial restrictions on Myanmar
April 5th, 2012 - 8:32 am ICT by IANS
Washington, April 5 (IANS) The US will ease its financial and investment restrictions on Myanmar following the landmark parliamentary by-election in the country, Secretary of State Hillary Clinton said.America was ... Read more...
Posted in World |
Centre for rural financing institutions to come up in Mumbai
March 21st, 2012 - 8:40 pm ICT by IANS
Mumbai, March 21 (IANS) A Centre for Excellence for Rural Financial Institutions (CERFI) would come up here to help regional rural banks (RRBs) and cooperative banks and other rural financial ... Read more...
Posted in Sci-Tech |
India mulls bank account number portability
January 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Jan 3 (IANS) After allowing portability of mobile numbers and health insurance policies, the Indian government plans to give customers the flexibility to change his/her bank without changing ... Read more...
Posted in Business |
Step up efforts on financial inclusion: Pranab
December 18th, 2011 - 7:17 pm ICT by IANS
Bangalore, Dec 18 (IANS) Finance Minister Pranab Mukherjee Sunday asked southern states to intensify efforts to expand financial services such as banking and insurance to rural areas."Out of 14,612 ... Read more...
Posted in Business |
189 requests for prosecution pending: minister
December 14th, 2011 - 10:08 pm ICT by IANS
New Delhi, Dec 14 (IANS) The government said Wednesday that 189 requests for sanction for prosecution of corrupt officials are pending with central ministers and departments as well as states.The ... Read more...
Posted in Uncategorized |
Mexico receives $13.4 bn in foreign investment
November 25th, 2011 - 10:55 am ICT by IANS
Mexico City, Nov 25 (IANS/EFE) Mexico attracted $13.4 billion in foreign direct investment during the first nine months of 2011, down 6.5 percent from the same period of last year, ... Read more...
Posted in Business |
HCL software delivery centre in Dublin soon
September 20th, 2011 - 8:50 pm ICT by IANS
New Delhi, Sep 20 (IANS) HCL Technologies Tuesday said that it will establish a software delivery centre in Ireland's capital Dublin which will create 80 jobs over three years for ... Read more...
Posted in Business |
Indian economy grew 7.7 percent in first quarter
August 30th, 2011 - 1:27 pm ICT by IANS
New Delhi, Aug 30 (IANS) Despite a relatively higher growth of 3.9 percent in farm output, the Indian economy grew at a lower rate of 7.7 percent in the first ... Read more...
Posted in Business |
Foreign direct investment in Mexico goes down
August 25th, 2011 - 11:57 am ICT by IANS
Mexico City, Aug 25 (IANS/EFE) Mexico attracted a total of $10.6 billion in foreign direct investment in the first half of 2011, 13.3 percent less than in the same period ... Read more...
Posted in Business |
HeroITES expands Scotland operations
August 22nd, 2011 - 9:07 pm ICT by IANS
New Delhi, Aug 22 (IANS) India-based business process outsourcing (BPO) firm HeroITES Monday said its Scottish subsidiary has created a new 110-seat facility near Glasgow.The subsidiary, HEROtsc, opened the unit ... Read more...
Posted in Business |
Manufacturing, engineering firms up hiring from smaller cities
August 20th, 2011 - 7:24 pm ICT by IANS
New Delhi, Aug 20 (IANS) Companies, especially from manufacturing and engineering sectors are increasingly hiring people from smaller cities to minimise costs and reduce attrition rate, a survey revealed Saturday.Manufacturing ... Read more...
Posted in Business |
Investment banking firms Mefcom, Beaufort sign accord
July 28th, 2011 - 12:26 am ICT by IANS
New Delhi, July 27 (IANS) Investment banking company Mefcom Capital Markets Wednesday entered into an agreement with with London-based merchant bank Beaufort International Associates to offer a host of financial ... Read more...
Posted in Business |
Cloud computing to create one lakh jobs in India: Study
July 19th, 2011 - 11:57 pm ICT by IANS
Bangalore, July 19 (IANS) As the next technology wave, cloud computing by enterprises has the potential to create about 100,000 new jobs in India, a study said Tuesday."Of the projected ... Read more...
Posted in Sci-Tech |
MCD earns Rs.10 lakh from Okhla plant
July 8th, 2011 - 9:00 pm ICT by IANS
New Delhi, July 8 (IANS) The Municipal Corporation of Delhi (MCD) has earned Rs.10 lakh from the carbon credits generated from the Okhla composting plant, an official said Friday.With a ... Read more...
Posted in Uncategorized |
Most no-frills accounts inoperative: RBI
June 28th, 2011 - 10:26 pm ICT by IANS
Mumbai, June 28 (IANS) Banks have opened over 75 million no-frills accounts so far, but most of them are not operational, raising questions over the government's financial inclusion programmes."As of ... Read more...
Posted in Business |
Help us find oil, Pakistan tells China
June 18th, 2011 - 2:36 pm ICT by IANS
Islamabad, June 18 (IANS) President Asif Ali Zardari has urged China to help Pakistan drill for oil and gas and reactivate depleted and abandoned oil fields across the country.Zardari made ... Read more...
Posted in Business |
Citigroup earns $160 mn from reducing HDFC stake
June 14th, 2011 - 2:08 pm ICT by IANS
Chennai, June 14 (IANS) US based financial services major Citigroup Inc. Tuesday said it had made a pre-tax profit of $160 million after reducing its holding in non-banking finance company ... Read more...
Posted in Business |
Telecom equipment production needs to grow: Sibal
May 6th, 2011 - 10:56 pm ICT by IANS
New Delhi, May 6 (IANS) While the growth of telecommunications in India has been rapid, the domestic telecom equipment manufacturing segment has not been able to keep pace with this, ... Read more...
Posted in Business |
Polaris Software proposes 90 percent dividend payout
April 28th, 2011 - 8:40 pm ICT by IANS
Chennai, April 28 (IANS) Banking, financial services and insurance (BFSI) software development and services firm Polaris Software Lab Ltd's board Thursday recommended a dividend of Rs.4.50 per share (90 percent) ... Read more...
Posted in Business |
India’s data services market at Rs.11,800 crore by 2012
April 21st, 2011 - 5:05 pm ICT by IANS
New Delhi, April 21 (IANS) India's data services market, growing at a compound annual rate of 23 percent since 2010, is expected to touch Rs.11,800 crore ($2.6 billion) by 2012, ... Read more...
Posted in Business |
Cameroon to discuss how migrant influx has divided Britain
April 14th, 2011 - 1:33 pm ICT by ANI
London, Apr 14 (ANI): British Prime Minister David Cameron will deliver a speech to Conservative Party members in Hampshire in which he will highlight how the migrant influx has divided the ... Read more...
Posted in World |
Invesco opens third largest global facility in Hyderabad
March 23rd, 2011 - 10:16 pm ICT by IANS
Hyderabad, March 23 (IANS) Invesco Ltd, a global asset management company which manages more than $615 billion assets, opened its third largest global scale facility to serve its growing worldwide ... Read more...
Posted in Uncategorized |
Britain keen to invest in Himachal Pradesh
March 17th, 2011 - 9:56 pm ICT by IANS
Shimla, March 17 (IANS) The British government is looking for business opportunities in Himachal Pradesh, an official said Thursday."We are keen to invest in horticulture and tourism sectors in the ... Read more...
Posted in Business |
A third of UK teens don’t consider credit cards as real spending
March 3rd, 2011 - 4:46 pm ICT by ANI
London, Mar 3 (ANI): A third of teenagers in the UK do not consider credit card as real spending at all, according to a new study.The joint research by a high street ... Read more...
Posted in World |
Norms for new banking licenses to be out by March-end
February 28th, 2011 - 2:13 pm ICT by IANS
New Delhi, Feb 28 (IANS) India's central bank will come out with guidelines for new banking licenses by the end of March, Finance Minister Pranab Mukherjee said in his general budget ... Read more...
Posted in Business |
Father time key to family’s well-being: Study
February 13th, 2011 - 1:57 pm ICT by ANI
Sydney, Feb 13 (ANI): Fathers can improve their parenting skills and shed their 'assistant parent' tag by spending more time with their kids without having mothers around, suggests a new Melbourne study.The ... Read more...
Posted in Life Style |
Shashi Kant Sharma takes over as Secretary in Finance Ministry
February 9th, 2011 - 7:43 pm ICT by ANI
New Delhi, Feb 9 (ANI): Shashi Kant Sharma, a 1976 Batch Indian Administrative Service (IAS) of Bihar cadre, has taken over as Secretary, Department of Financial Services, Ministry of Finance, here on ... Read more...
Posted in National |
Sharma is new secretary, department of financial services
February 9th, 2011 - 4:47 pm ICT by IANS
New Delhi, Feb 9 (IANS) Shashi Kant Sharma, a 1976 batch Indian Administrative Service official, has been appointed new secretary of department of financial services. Sharma has succeeded R. Gopalan, who was ... Read more...
Posted in Business |
R Gopalan appointed Secretary, Department of Economic Affairs
January 31st, 2011 - 8:49 pm ICT by ANI
New Delhi, Jan 31 (ANI): The Appointments Committee of the Cabinet (ACC) has approved the appointment of R Gopalan, an IAS officer of the 1976 batch from the Tamil Nadu cadre, who ... Read more...
Posted in National |
Gujarat tech city project not just about real estate: Pitroda
January 13th, 2011 - 6:46 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) Sam Pitroda, chairman of the Knowledge Commission and advisor to the prime minister, said here Thursday that creating an international financial centre was not all about building real ... Read more...
Posted in Business |