Mumbai: Seven bidders, including Voltas, Deepak Fertilizers and Bharat Hotels have submitted requests for qualification (RFQ) to build a Rs 250-crore terminal market in Thane district near Mumbai.

Mumbai: ABN Amro has initiated the process of re-branding its retail branches as RBS after receiving the Reserve Bank of India’s (RBI’s) approval for the same.

Mumbai: Way back in 1991, when a successful chartered accountant (CA) named Dewang Mehta was offered the charge of a small software body called Nasscom, little did anyone imagine that he would become a legend – unfortunately, not a living one – in the software sector. Nor did anyone believe that a sector with a mere $100-million (Rs 466-crore) overall revenue would rake in $50 billion (Rs 2.33 lakh crore) over the next two decades.

New Delhi: A day after advanced estimates by the Central Statistical Organisation pegged growth at 7.2 per cent for 2009-10, Prime Minister’s Economic Advisory Council (PMEAC) Chairman C Rangarajan on Wednesday made a strong case for withdrawal of fiscal measures by the government to stimulate the economy.

Mumbai: A benchmark index of Indian equities Tuesday shut shop 94 points higher than its last close to close above the 16,000-mark.

Patna/Ranchi: Train traffic was disrupted in several places in Bihar and Jharkhand when Maoists blew up rail tracks Tuesday morning, day three of their 72-hour shutdown to protest the proposed offensive against them.

Mumbai: Rising prices of milk and dairy products are a potential pressure point for food inflation, Citigroup said in a recent note.

New Delhi: The Nationalist Congress Party (NCP) Monday sought to play down party president and union Agriculture Minister Sharad Pawar's meeting with Shiv Sena chief Bal Thackeray, saying it was about the IPL and had 'no political meaning'.

Mumbai: India’s largest information technology services company, Tata Consultancy Services (TCS), has become the latest target of hackers. The company has restored its website, after hackers changed its domain name and put it up for sale.

New Delhi: The country's largest dairy cooperative, the Gujarat Cooperative Milk Marketing Federation (GCMMF), better known as Amul, today said it is expecting to cross the Rs 10,000-crore-mark in turnover next fiscal.

Mumbai: With an alternative to carbonated cola drinks in lemon-flavoured beverages, PepsiCo India is not cutting any slack. Its non-carbonated lemon juice-based 7-Up Nimbooz already on the shelves, the company has started sprucing up the parent brand, 7-Up, with a simpler and single-minded positioning. A new campaign and new packaging would take the brand closer to India’s small towns.

Job scene brightens a year after senior-level hiring went down 20% from the boom of 2007-08.

New Delhi: The Tata Group has instituted a number of mechanisms to encourage its large workforce to innovate.

EMI facility helps the borrower plan his budget. The EMI is calculated taking into account the loan amount, the time frame for repaying the loan and the interest rate on the borrowed sum.

The reason investors choose FMPs is for their high returns which are also guaranteed. In order to give assured returns, FMPs opt for very secure investment options like AAA rated corporate bonds whose maturity tenure matches the maturity tenure of FMP. However in the recent times, some of these FMPs started investing in commercial paper from real estate and finance companies, in order to give higher returns o their investors.

CIBIL acts as weeding mechanism, that helps identify poor repayment track records. It helps protect lenders from giving credit to people and establishments who are unlikely to repay what is lent. Even if credit is provided, it is done so at a very high rate of interest, thereby ensuring that the bank is able to recover a considerable sum of money even if a default happens some time into the loan tenure.

If you file your returns after the last date, you will be charged a penal interest at the rate of 1% per month of delay. However, if such a return is filed after March 31, 2010, apart from the penal interest, you will also be liable for a penalty of Rs 5,000. Remember that having tax deducted at source if you are employed is only half the journey. You need to file your returns to complete the process. The point is to avoid hassles for you and your tax professional, so prepare to file your returns as early as possible instead of waiting for the due date to arrive.

ULIPs basically work like a mutual fund with a life cover thrown in. They invest the premium in market-linked instruments like stocks, corporate bonds and government securities. Investments in ULIPs attract tax benefits under Section 80C. The returns and the lock-in period depend on the plan chosen.

At any given point in time, an X% flat rate is always more expensive than an X% annual reducing balance rate. The effective total interest paid out is also influenced by the time periods the reducing balance is recalculated, which could be monthly, daily, yearly, quaterly or half yearly. These time periods are known as rests.  At a flat rate , the interest rates are calculated keeping the outstanding amount (i.e. the amount on which interest is calculated) constant throughout the loan tenure while in a reducing balance loan the interest rate is recalculated on a periodic basis based on the reducing outstanding loan amount.

Intelenet plans to grow the facility in Krakow to 500 seats in a year

Analysts peg the deal to be Rs 450-500 crore.

Murugesh was the erstwhile President & CEO of KPO firm Syntel

When Obama urged Americans to "Say no to Bangalore and yes to Buffalo", little did he realise that BPO companies in India are creating jobs even in Buffalo

Aggressive hiring in the current quarter will lead to expansion of existing facilities

Syntel, with a headcount of 12,000 people, had a revenue of $401 million (Rs 1,900 crore) for the year 2008

Urges Senate to end tax breaks; Indian IT firms unperturbed

The BPO arm of Essar Group, is considering an IPO to raise Rs 700 crore

Co-founder and CEO of India’s second-largest BPO firm will step down on January 31 to join Steer Capital Advisors

Lokendra Tomar, COO, A-Pac, Integreon, talks about the company’s strategy, what kept them going in a downturn and the health of the market going forward

Infosys credits its BPO unit and new engagement models for this remarkable performance in Q3

India’s success as the world’s back office has motivated other developing countries with well educated and under-employed populations to seek to duplicate their experience

The new centre will service telecommunications services operator to provide customer support in UP & Uttaranchal