Capgemini to acquire iGATE with $4 billion at $48 per share April 28, 2015 05:46
The France-based IT services major Capgemini has announced the acquisition of New Jersey (US) based iGATE at a price of $48 per share, means total deal would stand at $4 billion. If the deal gets…
Read MoreAct against bank frauds worth Rs 17,500 crore April 24, 2015 05:49
RBI chief Raghuram Rajan has written to the prime minister’s office seeking “concerted” action in the country’s 10 biggest bank frauds allegedly involving prominent real estate, media and diamond firms that are being probed by…
Read MoreHyundai ix25 expected by JUN 2015 April 20, 2015 10:35
Hyundai, the country's second largest automaker has finally confirmed that it will be bringing its ix25 compact SUV to India. Auto aficionados have to wait a little longer to get their hands on this latest…
Read MoreBanks turn to consumer loans April 20, 2015 06:29
Hoping to offset a slow recovery in corporate lending, Indian banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers. Given…
Read MoreIndia offers better investment climate than other BRIC countries: Survey April 20, 2015 04:37
According to a survey conducted by the Indian embassy in Berlin in partnership with EY, the German companies have rated India as the best performing country among the BRIC markets. The EY Delphi has studied…
Read MorePetrol price cut by 80 paise/litre, Diesel by Rs 1.30/litre April 15, 2015 13:32
India's state-run oil marketing companies have reduced retail prices for petrol by Rs 0.80 a litre and retail price of diesel by Rs 1.30 a litre responding to lower crude oil prices. The new rates…
Read MorePAN card rule ensure transparency in jewellery business April 11, 2015 09:10
The central government's proposal to make Permanent Account Number (PAN) card mandatory for jewellery purchases above Rs 1 lakh in cash may lead to contraction in the industry and result in job losses in the…
Read MoreRBI waits and watches April 07, 2015 12:09
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to…
Read MoreAlibaba founder Jack Ma Meets PM Modi March 31, 2015 04:50
The richest man in China, Jack Ma, who is the founder and chairman of Chinese ecommerce giant Alibaba met Indian Prime Minister Narendra Modi in New Delhi on Monday. During their conversation Jack Ma explained…
Read MoreSBI can divest its stake in SBI Life Insurance Up to 10% March 31, 2015 04:27
State Bank of India, the major Public Sector banking firm, said on Tuesday, that it has received nod for divesting its stake up to 10 percent in its insurance arm SBI Life Insurance Co Ltd.…
Read MoreIMF Chief Hails India’s Prospective ahead Meeting PM Modi March 16, 2015 05:51
Ahead of meeting Indian Prime Minister, IMF Chief Christine Lagarde praised India’s new policies aiming at higher growth and stability. She said India has the better opportunities to become one of the world’s most dynamic…
Read MoreClosure of Air India, MTNL and other PSUs March 10, 2015 12:39
Government has decided to shut 65 sick PSUs. The decision of Heavy Industries Minister was announced in Lok Sabha on Tuesday. The PSus include some of the best known state-run organizations like Air India, MTNL,…
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