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Archive for May, 2009

ICAI suggests standard deduction in salary in budget

Accounting regulator ICAI has suggested bringing back standard deduction in regular Budget for 2009-10 which if accepted will be cheered by millions of salaried employees.
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Shinsei to hit Indian market with 2 MF products by end-July

Shinsei Asset Management (India), plans to launch its first two mutual fund products in country before end-July and targets to have 6-8 products in the market in next 18-months.
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Jet fuel prices hiked again

Jet fuel or ATF prices continued to rise with state-run oil firms on Sunday hiking the rates marginally by Rs 108 per kilolitre.
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FIIs put in $1 bn per week in May

Foreign institutional investors have invested almost $1 billion per week in May 2009 in Indian stocks with the overseas investors’ total inflows crossing the $4 billion mark so far this year.
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Govt not to turn a blind eye to Satyam layoffs: Khursheed

The CEO of Tech Mahindra, the company which had acquired Satyam Computer recently, commented that there are 10,000 surplus people in the Hyderabad-based IT firm.
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Market sees best May in a decade; gains 28% returns

The month of May has turned out to be the most fruitful for Dalal Street this year, with investors reaping returns of as much as 28% — the highest gains seen in a decade in the month.
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CBI focuses on overseas accounts of former Satyam chief Raju

The CBI, probing the multi-crore rupee financial scam in Satyam Computer, is likely to approach the US, Mauritius and some European countries to seek details of bank accounts of the firm’s tainted founder Ramalinga Raju and his kin in those nations.
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Worldwide M-payment users to touch 190-mn 2012: Gartner

The conventional mode of payments may soon be a thing of the past with the increase in the number of users making m-payments, globally.
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US-based LPO co to set up new unit in India; hire 1,450 people

US-based CPA Global, a Legal process outsourcing (LPO) firm, will set up its third centre in India and hire 1,450 people over the next two years.
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Top 10 firms add Rs 4tn in May; NMDC accounts for Rs 1tn

The country’s 10 most valued firms added Rs 4,10,000 crore to their total market capitalization in May, with state-run NMDC contributing nearly Rs 1 lakh crore to its kitty.
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L K Advani elected as BJP’s parliamentary party leader

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Investors’ wealth swells by nearly Rs18 lakh cr in two months

The Bombay Stock Exchange benchmark Sensex has gained 4,916.75 points or 51% since March and settled at 14,625.25 at the end of trade on Friday
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SBI to add 4 cr rural accounts by 2010-11, aims 45% CASA

At present, the bank has about five crore deposit account holders in rural areas and one crore accounts on advances side
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Top 10 firms add Rs4 trillion in May; NMDC accounts for Rs1 trillion

Mining major NMDC added Rs99,772 crore to its market cap in May, making it the third most valued firm
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True bull market to emerge only after 2010

Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management Pvt. Ltd says in an interview that a new bull market is likely to set in only by the end of 2011
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भारती-वॉलमार्ट का पहला होलसेल स्टोर खुला

भारती-वॉल-मार्ट ने कहा है कि वह अगले 3 से 4 साल में इस तरह के 15 और स्टोर खोले जाने पर (करीब 470 करोड़ रुपये)का निवेश करेगी। सस्ते प्रॉडक्ट्स पर आया ग्राहकों का दिल
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IPO में पैसे लगाने वाले अब काट रहे हैं चांदी

शेयर बाजारों में इस साल मार्च से लेकर अब तक 80 परसेंट की तेजी आ चुकी है और ज्यादातर कंपनियों के शेयर अपनी इश्यू प्राइस से काफी ऊंची कीमतों पर चले गए हैं। किनके लिए है SIP?
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टचस्क्रीन धमाल! 2 महीने में इंडिया आएगा नोकिया N 97

भारतीय बाजार में हाई एंड टचस्क्रीन मोबाइल फोन मार्केट में नई जंग छिड़ने वाली है। नोकिया यहां हाई एंड टचस्क्रीन N 97 लॉन्च करने जा रही है। कैसा दिखेगा नया iphone?
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बाबुल की दुआएं लेती जा और साथ में शेयर्स भी

हाल ही में हुई एक शादी में एक जुनूनी पिता ने अपनी बेटी सोने-हीरे गिफ्ट करने की बजाय रिलायंस इंडस्ट्रीज के 100 शेयर गिफ्ट किए। ELSS का फंडा । 10 तूफानी शेयर
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ऑस्ट्रेलिया का डॉक्टरेट नहीं लेंगे अमिताभ बच्चन

भारतीय छात्रों पर हमलों से नाराज बिग बी ने ऑस्ट्रेलिया से डॉक्टर की उपाधि लेने से इनकार कर दिया है। उन्हें यह उपाधि क्वीन्सलैंड यूनिवर्सिटी से मिलने वाली थी। भारतीय छात्रों में गुस्सा
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