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Business
- Family pact is sacrosanct, Anil Ambani led RNRL tells SC
New Delhi: Anil Ambani-led Reliance Natural Resources (RNRL) today asserted in the Supreme Court that family MoU of 2005 was a "sacrosanct" document for resolving the gas row with Mukesh Ambani group Reliance Industries (RIL) and accused it of scuttling efforts to arrive at a bankable agreement for the supply of gas from KG Basin.
- Tata-Tyco, Infosys-MS among 8 deals done in the US
New Delhi: MoUs range across pharma, telecom, IT and homeland security.
- Infosys may acquire European cos for $400-500 mn
Bangalore: In continuation of its pursuit to buy firms in niche areas, Infosys Technologies, the country’s second largest IT services firm, is actively looking at acquiring companies in the consulting and healthcare spaces in the range of $400-500 million.
- Gold prices ease after seven-day gaining spree
New Delhi: Snapping the six-day gaining streak, gold prices today fell by Rs 30 at Rs 17,780 per 10 gram in the bullion market here on selling pressure, emerging on concerns over IMF's plans to sell more gold.
Pandit, Nooyi to join heads with Tata, Ambani and MittalWith India's rapid growth a critical engine of the global economy, the meeting with Prime Minister Manmohan Singh and President Barack Obama is an important step in ensuring India's establisment as a vital partner in global security and development. A number of key decisions are being made during the meeting of the two heads of state at the Indo-US summit in Washington.
- TCS sees slower Q3 volume growth
Tata Consultancy Services, India's top outsourcing company, said on Monday it does not expect volume growth in the December quarter to match the September quarter as firms are still deciding on IT budgets.
- Infosys BPO chief quits; to join HDFC Standard Life
Was tipped as a probable to occupy the top seat in Infosys after Kris.
- ICICI, Infosys, Wipro nurture talent like few others
New Delhi: As many as five Indian companies, including ICICI Bank and Infosys Technologies, rank among the top 12 companies in the Asia Pacific region for being instrumental in building leadership capability within their organisation.
- Sensex rises 102 points in opening trade
Mumbai: The Bombay Stock Exchange benchmark Sensex today gained 102 points in opening trade on heavy buying by foreign funds and retail investors, driven by firming trend on other Asian bourses. The 30-share index, Sensex, rose 101.81 points, or 0.58 per cent, to 17,123.66 points with stocks of oil and gas, auto and metal sectors leading the rise.
- Gold may advance further says survey
Gold may advance as investors seek to hedge against a weakening dollar and possible inflation, a survey showed. Nineteen of 26 traders, investors and analysts surveyed by Bloomberg, or 73 per cent, said bullion would rise in the week starting November 23. Five forecast lower prices and two were neutral.
- Nestle weighing options for Cadbury
Paris: May challenge Kraft’s offer and a potential move by Hershey.
- Demand for mid- level and entry level recruits up: Survey
Even as most analysts are saying the worst of the economic downturn is over, a survey by the PHD Chamber of Commerce reveals only 30 per cent of the respondents plan to increase their hiring activity.
- Tata, David Cote to co-chair Indo-US CEO Forum
Washington: Tata Group chairman Ratan Tata and Honeywell chairman David Cote would co-chair the reconstituted Indo-US CEO Forum, which would meet on the margins of the Indo-US Summit here next week.
- Gold zooms to a new high at Rs 17,600
New Delhi: Gold prices climbed to a new high to Rs 17,600 per ten gram, maintaining its record setting spree for the sixth consecutive day today. The continuing upward spiral in the yellow metal price comes in the wake of sustained buying by jewellery makers for the ongoing marriage season.
- GVK eyes controlling stake in B'lore airport
Bangalore: GVK Power & Infrastructure, which recently took a 12 per cent stake in Bangalore International Airport Ltd (BIAL), has said it is open to taking a controlling stake in the airport.
Finance
- Forgot your premium? Here is what you can do!
What benefit would Ajay get out of reviving an old policy? For one, he would get the benefit of having to pay regular premiums calculated when he was 28 - which would be less than the premium for a similar, new policy taken at the age of 32. Secondly, he will continue to get all the benefits and guaranteed returns of the policy as was promised to him 4 years ago. Last, but not the least, he benefits from tax deduction under Section 80C for the entire payment made towards arrears in premium payment, not counting the penalty.
- Ford Motor Company – The legend
The year 1957 saw the re emergence of Ford as the top selling brand with the sale of 1.68 million automobiles and the introduction of the Skyliner model with an all steel hardtop capable of changing into an open convertible at the touch of a button. An automatic folding mechanism retracted the top into the rear deck. Despite being one of the most expensive models of Ford till then, the Retractable sold around 21 000 pieces before production stopped in 1959.
- Is it ULIPs or term insurance for you? Find out!
ULIPs are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term. Both term plan and ULIP do have their benefits and drawbacks. Read on to know more.
- How to go about insuring yourself against terror
Terror insurance is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very difficult to predict and the potential liability enormous. This combination of uncertainty and potentially huge losses makes the setting of premiums a difficult aspect. Most insurance companies therefore exclude terrorism from the insurance coverage.
- What an NRI should know about gifting laws!
No special permission is required for an Indian citizen residing outside India to acquire (by purchase or gift) any immovable property in India other than agricultural land, plantation property or a farmhouse. Therefore, Mr. Sethi can buy a house in India as easily as any resident Indian.
- Maruti, a life story
1987 marked a very special year for both Maruti as well as our nation with the export of a first lot of 500 cars to Hungary. One can almost feel the jubilation that the workers of MUL must have felt in gaining acceptance in Europe, the very Mecca of automotive engineering. 1992 was a year of major overhaul in MUL with Suzuki increasing its shares to 50 %.
- Plan your money management!
- Double your tax saving, opt for a joint home loan!
To get the best out of the tax savings, it is good to let the partner with the higher pay make a higher contribution towards the home loan resulting in a better tax benefit collectively. In any case as both Niranjan and Chitra are earning, other expenses can be managed with the income of the person making a lesser share towards the loan. This would help you optimize the benefits from the tax exemption on principal and interest repaid.
- Going back in time to learn how to manage money!
Ever heard of your dad or grand dad take a loan for a vacation or for that matter for a festive and high spending involved occasion like a wedding? Do you recall them buying clothes because retail therapy helped their blues every other month? They always preferred quality over quantity on anything purchased be it the furniture, utensils, clothes or home accessories.
- Will it be the axe for prepayment penalty?
Recently the Reserve Bank of India (RBI) has hinted at drafting a policy to restrict banks from imposing prepayment penalty of retail loans. The proposed move follows many such complaints from loan borrowers paying EMIs based on the floating rate of interest. They feel that they are missing out on the benefits of periodical rate cuts in interest.
BPO News
- Intelenet out shopping, may buy US firm in $30 mn deal
All set to acquire a healthcare records processing and IT firm to address the healthcare records conversion industry
- HCL Tech, UK insurance co in $200-mn pact
The deal is expected to help Equitable Life save about 8 million pounds in costs in the first year
- Symbiosys Tech to add 230 seats
The company has set up its offshore development centre at the Visakhapatnam IT Special Economic Zone
- Infosys BPO chief quits; to join HDFC Standard Life
Was tipped as a probable to occupy the top seat in Infosys after Kris.
- Domestic BPO mkt to touch $6.82 bn by 2013: IDC
BPO industry would evolve from just running isolated processes for customers to engaging more deeply in identifying and transforming core business processes
- Infosys BPO to acquire US McCamish for initial $38 mn
The acquisitions will enhance Infy’s capability in insurance and financial industries
- Intelenet launches BPO centre in Thane
Of the 1,237 seats, 923 seats will be utilized for domestic business and rest for international clients
- Infosys BPO eyes firms worth $50-200 million
Targets areas where it has negligible presence
- Client demand is beginning to come back
Genpact’s COO, Tiger Tyagarajan talks about the company and its growth path
- Wipro to recruit experienced hands
Wipro has also announced plans to hire BSc, BCM and BCA students graduating in 2010 for its Wipro Academy of Software Excellence
- Infy to up sales staff by 50% before year-end
Most of the hiring will happen in Europe
- Wipro eyes buys in BPO space
The BPO space is likely to be the next engine of growth for the IT industry according to joint CEO
- Genpact net income down 1.6%, reaffirms outlook
Revenues from clients other than GE represented 60.8% of Genpact’s total revenues
- Big deals begin to click again for IT companies
While many of the deals came at lower prices than earlier, analysts believe prices are stabilising
- TCS bags Rs 1,160-cr deal in UK
TCS has been chosen as strategic IT partner by the City Council of Cardiff in Britain for 15 years
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