Business
Mumbai: All business and commercial activities across the country are likely to be crippled as the entire banking industry employees would go on a two-day strike starting Wednesday, a banking union official said here. Over a million employees and officers of 27 public sector banks, 12 old generation private banks and eight foreign banks will take part in the strike, said All India Bank Employees Association secretary Vishwas Utagi. Among other things, they will protest the
Date:21-08-2012More »
New Delhi: Indian Union Minister of Commerce, Industry and Textiles Anand Sharma noted that the export performance in July 2012 is worrisome as exports have dipped by 14.8pc as compared to last year. The Minister Tuesday, reviewed the export performance with the Export Promotion Counci
Date:15-08-2012More »
Mumbai: The country's largest lender State Bank of India (SBI) said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June 30, 2012, as compared to Rs.1,583.55 crore recorded in the corresponding period of last year. The bank's total income has increas
Date:11-08-2012More »
Chandigarh; The Reserve Bank of India (RBI) will shortly issue the five-rupee coins in their new shape and size. The obverse of the coin shall bear the Lion Capital of Ashoka Pillar with the legend 'lR;eso t;rs' inscribed below. On its left periphery it will bear the word '
Date:10-08-2012More »
Chennai: The Etios Motor Racing (EMR) car received the thumbs-up from not just the 25 short-listed drivers, but also the acknowledged experts as Toyota paraded the vehicle with two exhibition races at the MMRT track in Sriperumbudur, near here, over the weekend. The programme is a prel
Date:07-08-2012More »
Kolkata :PanIIT, the global association of Indian Institute of Technology (IIT) alumni, will organise its annual global meet in Kolkata. The city will host the three-day meet starting Dec 7, for the fist time. More than 3,000 delegates, which would include policy makers, consultants an
Date:02-08-2012More »
Mumbai:Two crore of the estimated 4.8 crore mobile Internet users in India have shifted 50 percent of their newspaper and TV time to their mobile screens for entertainment, all categories of news, travel and sports content, according to a report. The Mobile Internet behavior and usage
Date:29-07-2012More »
Kolkata:The next time one prepares to take-off on an Air Arabia flight, he will be greeted on the television monitors inside the aircraft cabin by the airline’s youngest flight crew members. In a first for the aviation sector in the Arab world, an in-flight safety film developed
Date:24-07-2012More »
SBI profit more than doubles to Rs.3,751.56 crore
Mumbai: The country's largest lender State Bank of India (SBI) said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June 30, 2012, as compared to Rs.1,583.55 crore recorded in the corresponding period of last year. The bank's total income has increased to Rs.32,415.49 crore for April-June 2012 quarter as compared to Rs.27,731.67 crore recorded in the corresponding period of 2011. SBI's non-performing assets (NPA) rose sharply to 4.99
Global IIT meet for first time in Kolkata in December
Kolkata :PanIIT, the global association of Indian Institute of Technology (IIT) alumni, will organise its annual global meet in Kolkata. The city will host the three-day meet starting Dec 7, for the fist time. More than 3,000 delegates, which would include policy makers, consultants and planners from both public and private sectors, are expected to participate in the event. Renowned personalities like Human Resources Development Minister Kapil Sibal, Infosys founder N.R. Na
Over 2 crore Indians now using mobile Internet at expense of TV, newspapers
Mumbai:Two crore of the estimated 4.8 crore mobile Internet users in India have shifted 50 percent of their newspaper and TV time to their mobile screens for entertainment, all categories of news, travel and sports content, according to a report. The Mobile Internet behavior and usage study, conducted by India's leading online audience and ad measurement platform ViziSense, found that of the 4.8 crore mobile internet users in India, a huge 87 percent are online on the mobile ev
CREDAI welcomes Govt decision on interest subsidy
Mumbai : Confederation of Real Estate Developer's Associations of India (CREDAI) has welcomed the Union Government's decision to extend the interest subsidy at the rate of 1 per cent on housing loans upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh for the year 2012-13. "This is a positive step which will act as an incentive to home loan borrowers," Paras Gundecha, MCHI-CREDAI President said in a release. Mr Gundecha however called fo
HDFC Bank launches Premium Credit Cards for Doctors
Thiruvananthapuram: HDFC Bank, the second largest private sector bank in the country, has launched its exclusive range of credit cards for Doctors -- Doctor's Superia and Doctor's Platinum cards. These premium credit cards, launched on the occasion of National Doctors Day, are designed to cater to the lifestyle, travel and other needs of doctors, according to a press release here. Parag Rao, Business Head, Credit Cards and Merchant Acquiring Services, HDFC Bank said
New telecoms policy gets cabinet approval
New Delhi: India's cabinet approved a new telecoms policy, aiming to increase transparency and rekindle growth in one India's flagship sectors recuperating from a huge corruption scandal. The new policy that will replace decade-old rules, proposes to separate operation licenses and mobile spectrum, against the current practice of bundling them, and will charge a market-derived price for airwaves, among other things. India will also seek to switch spectrum band
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