Religare Aegon gets nod for India mutual fund unit
India's stock market regulator has allowed the joint venture between Dutch insurer Aegon and Indian financial services firm Religare Enterprises to start fund operations, a top executive said.'We have...
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Harvard cuts 275 jobs
BOSTON (Reuters) – Harvard University announced 275 job cuts on Tuesday, the latest cost-cutting measure at the world’s richest university after the financial crisis triggered big losses in its...
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Cisco to strenghten Web security with ScanSafe acquisition
Cisco Systems has announced to buy the privately held Web security company ScanSafe for about $183 million, a move that will intensify its battle with security giants Symantec and McAfee. ScanSafe...
View ArticleIndia to sign free trade deals with Japan, Malaysia
News agency Reuters reported that India’s trade in goods and services with South-East and East Asia are set to get a boost with signing of market-opening pacts with Japan, Malaysia and the entire Asian...
View ArticleBank to disclose defaulters in newspapers
India’s largest lender, State Bank of India, will name and shame ‘wilful’ defaulters and will display their pictures in newspapers to get them to pay up. “The fresh approach will ruffle a few...
View ArticleState-run banks trading lower on fears
India’s state-run banks were trading lower on fears that margins may be hit after some cut their base rate, reacting to a government directive to review lending rates after RBI’s deeper than expected...
View ArticleIndia’s 2013-14 the most austere budget
P. Chidambaram is planning to cut the public spending target for the fiscal year 2013/14 by up to 10 per cent from this year’s original target, in what would be the most austere budget unveiled in...
View ArticleMedia industry to touch Rs. 917 billion in 2013: KPMG
Driven by digitisation and growth in new media, the Indian media and entertainment industry is expected to grow 11.8 per cent in 2013, consultancy KPMG release it in a report. Digitisation, general...
View ArticleHennes & Mauritz plans to spend $130 million for Indian market
The Swedish group , Hennes & Mauritz plans to spend around 100 million euros ($130 million) on an initial 50 stores in India, hoping a growing population and rising incomes in Asia’s third-largest...
View ArticleIndian sensex to reach 22,000 by 2014: Reuters
According to a conducted by Reuters, sluggish Indian sensex may bounce back and will reach to 22,000 points by June 2014. The benchmark BSE Sensex would gain almost 9 percent from current points,...
View ArticleOverseas loan norms for builders becomes easier
In order to encourage builders to come forward for slum rehabilitation project, their by providing better leaving opportunities to the hutment residence, India’s central bank, the RBI, has made the...
View ArticleSebi to monitor call records and conduct searches
Indian government will strengthen country’s market regulator Securities and Exchange Board of India (Sebi), to monitor investors’ call records and conduct searches at companies suspected of wrongdoing....
View ArticleIndia to increase its Dairy Products market in Asian countries
World’s biggest milk producer, India, hopes to milk advantage on a New Zealand dairy product contamination scare by increase its market share and export in China and other emerging Asian countries. RG...
View ArticleNew Land Acquisition will not help the economy
The Lok Sabha approved land reforms, which boost farmers’ rights but are opposed by other businesses who say the new law will thwart efforts to revive the floundering economy. The government says the...
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