Advertisement : Maui Jim Sunglasses unveils summer collection in Indian market ( See 'Product Gallery') | VeriSign and AVG announce Integration of VeriSign Trust™ Seal within AVG LinkScanner® Search Results ; Integrated Offering Helps Consumers Easily Identify Trustworthy Sites When Searching the Web ; VeriSign and AVG Announce the Integration of VeriSign Trust™ Seal within AVG LinkScanner® Search Results | Winjit Technologies Improves Payroll Processing Efficiency with Sage Pocket Payroll. | Seagate ships world's highest capacity , most reliable small form factor enterprise drive the Vavvioo 10k hard drive | Blue Coat Introduces Professional Services Partner Program | Unique 360 degree Promotional & Advertisement Platforms from India Core | | Price conscious Indian wants more in a small car | Reach out to key decision makers in the Indian Power & Energy Sector | News Flash : S & P 500, Dow now on NSE | Highlights of amendments to Service Tax Act ( See 'Service Tax') | NMDC FPO gets poor response on day one | President appoints four full-time Judges for Bombay HC | BSNL clears 30% divestment ; unions oppose move , even as the telco gets ready to offer voluntary r retirement | Thermax inks JV with US firm to make superciritical boilers | Vigilance cases against All India Service Officers up in 2009 | Income Tax - 'plant and machinery' which includes ship or vessel has been supplied on hire for being used in prospecting operation - second limb of Sec 44BB clearly attracted: Advance Ruling | SC raps S Tel for writing on pending matter |BPTP plans IPO in early 2010--11 | Good news for CBEC - FM gives nod to proposal for 'de-freezing' SIXTH Member-post for Board; File moves to DoP&T | More ministries raise concerns on NSC's FDI policy note | Deemed credit on yarn/fibre under Notification 6/2002 CE(NT) is admissible to the non-composite mills procuring grey fabric: Delhi HC | Commerce Ministry to discuss 'outstanding issues' with FinMin | Modification of Electricity Act for Deemed Licensing to SEZ Developers | Exemption under Notfn. 21/2002-Cus - Imported Waste Paper allegedly not used for manufacture of newsprint - Extended period cannot be invoked because there may not be intention to evade payment of duty when appellant is eligible for benefit of such duty as Cenvat Credit: CESTAT | FIPB tightens norms for FDI in sensitive sectors | PM to ask Putin for N-fuel reprocessing tech; defence , space to top agenda | Women's reservation Bill fate uncertain as revolt brews in BJP | I-T - manufacturer exporter - deduction u/s 80-IB - foreign travel expenses - AO disallows 10% by attributing it to personal entertainment - Held, ad hoc disallowance without any basis is not valid | National Archives is 'ageing; to host lecture on 'what are Archives for' | Foreign funds pump in $2.4 billion in 2 weeks | Govt to conduct special drive for recruitment of 490 IPS officers by giving chance to junior officers from State and Central Police forces: Ajay Maken | Opt for short- term debt mutual funds : Expert | Govt mops up Cess revenue of Rs 3421 crore under Central Road Fund and Rs 10280 crore on petrol and diesel cess | Nuclear Liabilities Bill under cloud | Govt to conduct special drive for recruitment of 490 IPS officers by giving chance to junior officers from State and Central Police forces: Ajay Maken | States in one-upmanship on crop loan rates | RBI to amend rules to control NBFCs turning LLPs | Govt mops up Cess revenue of Rs 3421 crore under Central Road Fund and Rs 10280 crore on petrol and diesel cess | Mr V K Sreedhar joins as new Member of Authority for Advance Rulings (Income Tax) | Tata Sons buys Daimler's Tata Motros shares worh Rs 300 crore | Govt fixes Rs 150 per domestic pax and Rs 1000 per international pax as UDF for Jaipur airport; to notify separate corridor for helicopters at Delhi and Mumbai airports | Service tax excise duty to make home dearer | I-T - Sec 94(7) - investment in MF units - capital loss - AO disallows on ground that units are purchased within three months from record date and such losses to be ignored for purpose of computing income - held, issue is settled in favour of Revenue: ITAT | Women Reservation Bill: Seven Members from Rajya Sabha suspended for unruly behaviour; women go from home to house | Income tax - exports - assessee runs two units - incurs foreign travelling expenses - AO finds expenses were for promotion of Andhra unit but debited to Mumbai unit - apportions expenses on basis of turnover - No infirmity in AO's action: ITAT | Bosch declares lock-out in Bangalore plant | GE Healthcare ups India focus with CT facility | Relevant Date for Payment of Interest : Rule inconsistent with Act! + Failure under RTI Act - CE Officers may have to pay Rs 1 lakh Compensation | HUL appeals against Rin commecial | Even after receipt of show-cause notice, appellant continued default and it was only after more than one year since receipt of SCN that they started paying service tax - Bona fides not proved Ð Pre-deposit ordered of penalty: CESTAT | TCS PADA deal under conservative fire | Independent sells 7.5% in Jagran for Rs 255 crore | Typographical error in mentioning quantity of goods in IGM vis-ˆ-vis that cited in Bill of Lading - Invoking provisions of Sec 111(f) and (g) of Customs for confiscation of goods appears improper : Matter remanded: CESTAT | After RS passage, govt to pause before any LS push | Upper House passes historic women's Bill amid high drama | Goat took 'huge risk' : Sauna Gandhi | Central Excise - valuation - value of pipes used for execution of turn key projects has to be arrived based on AS 4 | CABER pitches for stricter axiom license norms | Post Office Saving Bank: Penalty on premature withdrawals nationalized | Sniggering to invest RS 5,600 caroler in power | UN announces first ever appointment of woman as UN Police Chief; Donor goes to Swedish police officer | RFD bids for for proposed 4,000 mw project open on March 15 | Competition Commission of India initiates probe against banks, Fib for levying penalty on prepayment of loans: Psalm Churchill | Caber- bullying cases put heat on Gaggle, Facebook |Centre willing to revisit tourist visa guidlelines | Airlines say no to costly snoop tech | Govt may ban FDI in vigarette making | UN announces first ever appointment of woman as UN Police Chief; Honour goes to Swedish police officer| Firms set to hire 10 lakh in '10-11 | Only 7% women in Delhi police and few officers | Competition Commission of India initiates probe against banks, FIs for levying penalty on pre-payment of loans: Salman Khurshid | Daimler to sell Tata Motors stake | Investors richer by Rs 34 lakh crore in a year | Call made on Customer care nos of mobile cos and decision to speak to customer executive is chargeable call: Minister informs Lok Sabha | Govt to cut its stake in SBI to 51% | Energy drinks covered under PFA Act: Minister |AB Minacs buys UK-based BPO | Telecordia gets nod for MNP services | No plan to mop up gold, says China | Women Reservation Bill: SP, RJD create din in Lok Sabha; withdraw support to UPA |'Tax treaty with Switzerland on anvil' | AIG to sell unit to MetLife for $15.5 billion | Govt Indo-French DTAA - ONGC awards contract to non-resident - sub-contract to sister concern - AO holds assessee as agent of employees of subcontractor who render technical services - it is not economic link but live payment nexus which must be established to hold assessee as agent: ITAT | Yield on G-Secs goes above 8% | FMCG firms jack up prices | India's Debt Position - 300 crore due from Pakistan for more than 60 years | Govt tense on Budget after Women's Bill fracas | ST - Commercial Training - Demand for period prior to insertion of Expln in ST Rules regarding value of taxable service received prior to providing taxable service - prima facie case in favour but for later period post October 2004 appellant ordered to make pre-deposit: CESTAT | Daimler to sell 5.34% stake in Tata Motors | CBDT seeks applications for OSD (FIPB) in FT& TR division | Essar Energy plans London listing to raise $3 billion | Excise - When tariff heading provides characteristics of products and end use, it was duty of departmental officers to draw samples and get same tested - officers having failed to do this over a period of 3 years demand hit by limitation: CESTAT | S Tel continues services despite stop order | ST on Construction of Complex services becomes more 'complex' after Budget | Glaxo interested in Indian acquisition | I-T - issue of warrant - Tribunal rules against Revenue on ground that Addl Director is not authorised - Held, in view of amendment in Sec 132(1) vide Finance (No 2) Act, 2009 with retrospective effect from June 1st, 1994, matter is remanded | $11 billion in the balance by Gripen fighter |Independents muscle out big Hollywood studios at Oscars | Asia- Pacific has one of the world's worst gender bias ( See 'Breaking News') | Women yell no gender bias in PSUs , are at ease with them ( See 'Breaking News') | Women's Day : 33% quota set to become a reality after 14 year labour | FM promises to 'study' film industry grievance on service tax levy | Respect victim's wish to marry rapist, says CJI | ST- While confirming penalty, adjudicating authority has to go into merits to establish suppression of material facts with intention to evade payment of ST: CESTAT | Govt spends less than Rs 1200 crore per woman a year | Damage to biodiversity: No State has reported except Kerala, says Centre | Excise - Interest on refund of pre-deposit - Appellants entitled to interest @ 12% p.a. when there is delay in refund of pre-deposit | NMDC to bid $230 million for Australian project | Damage to biodiversity: No State has reported except Kerala, says Centre

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THURSDAY MARCH 11 2010

 

TOP STORIES >>>>

 

BREAKING STORIES

NEW DELHI, MARCH 10 :
'SENSITIZE PEOPLE TO ENTER CAPITAL MARKET'

NEW DELHI, MARCH 10 :
DOMESTIC TECHNICAL TEXTILES TOTAL VALUE LIKELY TO BE US$ 20 BLN: ASSOCHAM

NEW DELHI, MARCH 10 :
IL& FS TRANSPORTATION IPO OPENS ; PRICE BAND FIXED AT RS 242 - RS 258

MUMBAI, MARCH 08 :
ASIA- PACIFIC HAS ONE OF THE WORLD'S WORST GENDER BIAS

NEW DELHI, MARCH 08 :
WORLWIDE EXTERNAL-CONTROLLER- BASED DISK STORAGE MARKET DECLINED 8.6% IN 2009

NEW DELHI, MARCH 06 :
3-DAY INDIAN FURNITURE SHOW IN JODHPUR FROM MARCH 13

NEW DELHI, MARCH 06 :
WOMEN YELL NO GENDER BIAS IN PSUs , ARE AT EASE IN THEM

NEW DELHI, MARCH 06 :
TOUCHSCREEN MOBLE DEVICE SALES WILL GOW 97% IN 2010

NEW DELHI, MARCH 05 :
WITH CAGR OF 20%, DOMESTIC HERBAL INDUSTRY LIKELY TO REACH RS. 15,000 CRORE BY 2015

 

 

CORPORATE WATCH

NEW DELHI, MARCH 11 :
PNB OPENS NEW ARM AT MAYUR VIHAR PHASE -1 IN CAPITAL

GENEVA – La Chaux de Fonds, MARCH 11 :
TAG HEUER CHOOSES IC-AGENCY FOR ITS SOCIAL MEDIA STRATEGY

NEW DELHI, MARCH 10 :
IL& FS TRANSPORTATION IPO OPENS ; PRICE BAND FIXED AT RS 242 - RS 258

NEW DELHI, MARCH 09 :
NMDC FPO OPENS TODAY ; FIXES PRICE BAND AT RS 300-RS 350

NEW DELHI, MARCH 09 :
KARBONN MOBILES SIGNS LONG- TERM SPONSORSHIP DEAL WITH IPL

NEW DELHI, MARCH 09 :
MAUI JIM SUNGLASSES UNVEILS SUMMER COLLECTION IN INDIAN MARKET

NEW DELHI, MARCH 09 :
PATEL ENGINEERING GETS GOVT NOD FOR COAL LINKAGE OF THERMAL PROJECTS

NEW DELHI, MARCH 08 :
SAHARA MUTUAL FUND PAYS 40% TAX FREE DIVIDEND UNDER SAHARA TAX GAIN FUND

NEW DELHI, MARCH 08 :
 TATA MOTORS PASSENGER CAR DIVISION UNVEILS ' TATA MOTORS SERVICE EDGE'

 

 

-


PNB OPENS NEW ARM AT MAYUR VIHAR PHASE -1 IN CAPITAL

Thesynergyonline Banking Bureau

Mr Nagesh Pydah, Executive Director, PNB (on dias) alongwith Mr R.K.Dubey, GM, Delhi Circle of PNB and Mrs. Nirmal Mehta, Branch Manager on the occasion of inauguration of PNB's Mayaur Vihar, Phase-I branch in Delhi.

NEW DELHI, MARCH 11 :
PUNJANB
National Bank (PNB) as part of its strategy to expand customer base has opened its new branch with ATM facility here at Mayur Vihar Phase-1 which was inaugurated today by Mr Nagesh Pydah, Executive Director, Punjab National Bank..

Mr Nagesh Pydah informed on this occasion that the total business of the bank has crossed the figures of Rs.4,00,000 crore as on December 31 ,2009. >>>

TAG HEUER CHOOSES IC-AGENCY FOR ITS SOCIAL MEDIA STRATEGY

GENEVA – La Chaux de Fonds, MARCH 11 :
TAG
Heuer , the Switzerlad -based major player on sports chronographs, has chosen IC-Agency, leader in Luxury Digital Marketing and author of the WorldWatchReport™ study, to conceive and launch a social media strategy tied to the historic event in which the emblematic Swiss brand celebrates its 150th anniversary. For the occasion, the company has formed a partnership with Tesla, the Californian electric car brand.

THDC SIGNS MOU WITH MINSTRY OF POWER

Thesynergyonline Power Bureau

Mr R S T Sai, CMD, THDC India shaking hand with Mr H S Brahma Secretary(Power) GoI after signing the MoU document in New Delhi.

NEW DELHI, MARCH 10 :
THE Ministry of Power and THDC India have enetered into a memorandum of understanding (MOU) defining the performance guarantee parameters for the financial year 2010-11.

The memorandum of understanding (MoU) in this regard has been signed between the Ministry of Power (MOP) and THDC INDIA here on Tuesday by Mr Harisankar Brahma, Secretary(Power), Govt of India and Mr R.S.T. Sai, CMD, THDC India.>>>


'SENSITIZE PEOPLE TO ENTER CAPITAL MARKET'

NEW DELHI, MARCH 10 :
STANDING
Conference of Public Enterprises (SCOPE) organized the "5th Conclave on Corporate Governance" here today to help chief executives and directors of PSEs to gain an understanding of the multifaceted dimensions of their role and equip them effectively discharge their responsibilities.

DOMESTIC TECHNICAL TEXTILES TOTAL VALUE LIKELY TO BE US$ 20 BLN: ASSOCHAM

NEW DELHI, MARCH 10 :
THE
total value of domestic technical textile industry is expected to be US$ 12 billion by 2012 from current estimate of less than US$ 10 billion which will further grow and touch US$ 19.76 billion levels by 2014-15 because of high demand factor, according to a Paper on Technical Textiles Market brought out by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

IL& FS TRANSPORTATION IPO OPENS ; PRICE BAND FIXED AT RS 242 - RS 258

NEW DELHI, MARCH 10 :
IL&FS
Transportation Networks Limited (ITNL), has filed its Red Herring Prospectus with the Registrar of Companies Maharashtra at Mumbai on March 4, 2010 and the issue opens on March 11, 2010, with an initial public offering (IPO) of equity shares of face value of Rs. 10 each (equity shares) for cash at a price (including a share premium) aggregating up to Rs. 7,000 million. The price band has been fixed between Rs. 242 and Rs. 258 per equity share.
al corporate purposes.

NMDC FPO OPENS TODAY ; FIXES PRICE BAND AT RS 300-RS 350

NEW DELHI, MARCH 09 :
NMDC
, a ‘Navratna’ public sector undertaking and major iron ore producer in India during the last three fiscal years , is tapping the capital markets on March 10, 2010 with a further public offering (FPO) through an offer for sale by the President of India, acting through the Ministry of Steel, Government of India (the 'selling shareholder') for cash at a price determined by the Book Building Process..KARBONN MOBILES SIGNS LONG- TERM SPONSORSHIP DEAL WITH IPL

KARBONN MOBILES SIGNS LONG- TERM SPONSORSHIP DEAL WITH IPL

NEW DELHI, MARCH 09 :
THE
Indian Premier League (IPL) today announced that Karbonn Mobiles, a company that redefines mobility with its wide range of attractively priced multimedia phones, has signed long- term sponsorship deals for a host of IPL properties.

MAUI JIM SUNGLASSES UNVEILS SUMMER COLLECTION IN INDIAN MARKET

NEW DELHI, MARCH 09 :
MAUI
Jim Sunglasses, the US-based UV-blocking polarized sunglasses maker, which forayed into Indian market recently, has launched the all new summer collection, an essential accessory to protect eyes from the sizzling summer sun.

PATEL ENGINEERING GETS GOVT NOD FOR COAL LINKAGE OF THERMAL PROJECTS

NEW DELHI, MARCH 09 :
PATEL
Engineering , a construction company specialised in power generation and infrastructure segment, today announced that it has received approval from Government of India for coal linkage for is thermal projects.

ASIA- PACIFIC HAS ONE OF THE WORLD'S WORST GENDER BIAS

NEW DELHI, MARCH 08 :
WHILE
Asia and the Pacific can take pride in the region’s vibrant economic transformation in recent decades, this has not translated into progress on gender equality.

SAHARA MUTUAL FUND PAYS 40% TAX FREE DIVIDEND UNDER SAHARA TAX GAIN FUND

NEW DELHI, MARCH 08 :
SAHARA
Mutual Fund has declared 40 percent tax-free dividend under Sahara Tax Gain Fund. The dividend is tax free in the han
ds of the investors. The record date for the purpose of dividend payout is March 2 , 2010.

 TATA MOTORS PASSENGER CAR DIVISION UNVEILS ' TATA MOTORS SERVICE EDGE'

MUMBAI, MARCH 08 :
TATA
Motors today formally announced the launch of Tata Motors Service Edge, a comprehensive customer service initiative.

WORLWIDE EXTERNAL-CONTROLLER- BASED DISK STORAGE MARKET DECLINED 8.6% IN 2009

NEW DELHI, MARCH 07 :
THE
external controller-based (ECB) disk storage market was profoundly impacted by the global economic downturn in 2009 and experienced an 8.6 percent year-over-year decline from $18 billion in 2008 to $16.3 billion in 2009, according to Gartner, Inc.

3-DAY INDIAN FURNITURE SHOW IN JODHPUR FROM MARCH 13

NEW DELHI, MARCH 06 :
IN
a bid to boost export of wooden handicrafts products, the Export Promotion Council for Handicrafts (EPCH), in coordination with the Jodhpur Handicrafts Exporters Association, is organizing Indian Furniture & Accessories & Show (IFAS) in Jodhpur, Rajasthan, from March 13, 2010.

TOUCHSCREEN MOBLE DEVICE SALES WILL GOW 97% IN 2010

NEW DELHI, MARCH 06 :
THE
worldwide market for touchscreen mobile devices will surpass 362.7 million units in 2010, a 96.8 percent increase from 2009 sales of 184.3 million units, according to Gartner, Inc.

WOMEN YELL NO GENDER BIAS IN PSUs , ARE AT EASE IN THEM

NEW DELHI, MARCH 06 :
WHILE w
orking women in India find highest levels of job satisfaction in Public Sector Undertakings (PSUs) measured at scale 7.00, females engaged in BPO/KPO sector are least satisfied from their current jobs that averaged to 4.00 on scale of ten, reveal findings of a study on “Empowering the Women” conducted by The Associated Chamber of Commerce and Industry of India (ASSOCHAM).

WITH CAGR OF 20%, DOMESTIC HERBAL INDUSTRY LIKELY TO REACH RS. 15,000 CRORE BY 2015

NEW DELHI, MARCH 05 :
THE
Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected that the market size of herbal industry which is currently estimated at Rs. 7,500 crore (Rs. 75 billion) will double to levels at Rs. 15,000 crore by  2015 since this industry would be growing  at a compounded annual growth rate of over 20 percent henceforth.

OUTLOOK ON INDIAN INFRA , PROJECT FINANCE FOR 2010 STABLE

NEW DELHI, MARCH 05:
FITCH
Ratings has said today, in a just published Special Report entitled, 'Indian Infrastructure Outlook 2010 - The Accommodation of Project Risk', that the credit outlook for the sector is Stable.

$26 BILLION IN MARKET CAPITALISATION HAS MOVED FROM NASDAQ TO NYSE IN TWO MONTHS

NEW DELHI, MARCH 05 :
THE
New York Stock Exchange group is making significant gains over its rival Nasdaq exchange with the Charles Schwab Corporation, a leading provider of financial services for individual investors, independent investment advisors, and employers, starting to trade its common stock on the NYSE from Friday, March 5. Schwab joins the NYSE as a transfer from Nasdaq.

DELL UNVEILS INITIATIVES , INCENTIVES TO ENCOURAGE GREEN BEHAVOIUR IN COMSUMERS

NEW DELHI, MARCH 05 :
DELL
has introduced two new initiatives designed to promote a green approach towards technology adoption for consumers in India - discount coupons and the Dell Go Green Challenge. These initiatives are the latest in Dell's mission to make "being green" easy and cost-effective for customers.

DQ ENTERETAINMENT IPO OPENS ON MARCH 8 ; PRICE BAND FIXED AT RS 75-RS 80

NEW DELHI, MARCH 05 :
DQ
Entertainment (DQE) , the animation, gaming and live action entertainment production and distribution company proposes to make a public offering of its equity shares comprising a public issue of 16,048,011 equity shares of Rs 10 each ( the “Issue”) through 100 percent book building process.


LIBERALISING GLOBAL TRADE IN AGRICULTURE WELFARE ENHANCING FOR INDIA


NEW DELHI, MARCH 04 :
FROM
the point of view of welfare effects of trade liberalisation under the Doha Development Round (DDR), the highest benefits for India would come from liberalised world trade in agriculture', said Siddhartha Mitra, Director (Research), CUTS International.

UNDP CHIEF HELEN CLARK VISITS INDIA FROM MARCH 5 -10

NEW DELHI, MARCH 04 :
HELEN
Clark, the Administrator of the United Nations Development Programme (UNDP), arrives in India on Friday for a five day official visit from March 5 to 10.


NO ROLLBACK ON EXCISE, CUSTOMS FOR PETRO PRODUCTS, MAT WILL ALSO STAY : REVENUE SECY.

NEW DELHI, MARCH 03 :
DESPITE
pressures for rolling back excise and customs increase on petroleum products, the government is unlikely to shake and rates announced for excise and customs for petroleum products including 18 percent MAT in Budget proposals for 2010-11 will stay as such, indicated Revenue Secretary, Mr. Sunil Mitra.


MJUNCTION MEET ON INNOVATIVE PROCUREMENT PRACTICES OF STEEL UNITS

NEW DELHI, MARCH 03 :
MJUNCTION
Services, an eMarket place for steel and also major eCommerce company is organising ‘Procurement in Steel Industry’ – a dedicated conference for the steel industry in India on March 10, 2010 at the Shangri-La’s – Eros Hotel, New Delhi .

ASIAN OFFICE MARKET CONTINUES TO RISE AS MNC DEMAND PICKS UP

NEW DELHI, MARCH 03 : IN
the fourth quarter of 2009, the Asian office market continued to approach the bottom of the present cycle as rental declines slowed further and absorption gradually increased.

BUDGET FOCUSES ON REFORMS,GOVERNANCE NEEDS TOP PRIORITY

NEW DELHI, MARCH 02 :
STANDING
Conference of Public Enterprises (SCOPE) organized Seminar on “Implications of Union Budget 2010-11” here today. Dr. M. Govinda Rao, Member, Economic Advisory Council to the Prime Minister & Director, National Institute of Public Finance & Policy delivered the keynote address. Mr. Arup Roy Choudhury, Chairman, and Dr. U.D. Choubey, Director General, SCOPE also spoke on the occasion.

HALMA ACQUIRES SPHEREOPTICS

MUMBAI, MARCH 02 :
HALMA
p.l.c., a safety , health and sensor technology group based in the United Kingdom, has acquired SphereOptics, a maker of custom light measurement technologies. SphereOptics will join Halma's global group of photonics businesses as it is merged with light metrology industry leader, Labsphere.

YAMAHA RECORDS Y-O-Y SALES GROWTH OF 40% IN FEBRUARY

NEW DELHI, MARCH 02:
CONINUING
to ride northwards, India Yamaha Motor has registered sales of 25,766 units in February 2010 as compared to 17,407 units in February last year. The company has clocked domestic sales of 16,313 units in February 2010 as compared to 13,848 units in the same month last year.

BHEL BAGS RS 5,778-CRORE ORDER FROM ELENA POWER

NEW DELHI, MARCH 02 :
BHARAT
Heavy Electricals Limited (BHEL) has secured a major order for setting up two Thermal Power Projects (TPP) in Maharashtra, involving five new-rating units of 270 MW each.
                       
 
VALUABLE GROUP PICKS UP 30 % STAKE IN VENERA TECHNOLOGIES

NEW DELHI, MARCH 02 :
VENERA
Technologies announced today that Valuable Group has acquired 30 percent equity in the company. This investment will allow Venera to reach global market for its Automated Content Verification product Pulsar. With broadcasters embracing file based workflows, adoption of automated content verification by this industry is inevitable.

EMEA SERVER SHIPMENTS DECLINED 4% IN Q4 '09 2009 ; REVENUE FELL 9.8%

NEW DELHI, MARCH 01 :
IN
the fourth quarter of 2009, worldwide server shipments grew 4.5 per cent year-on-year, while revenue fell 3.2 per cent, according to Gartner, Inc.

BUDGET LAYS FOUNDATION FOR ENVIRON-FRIENDLY DEVELOPMENTS : THE 3C COMPANY

NEW DELHI, MARCH 01 :
WELCOMING
the Budget announced by the Finance Minister Mr Vidur Bharadwaj, Director, The 3C Company said that the announcements made will go a long way in stabilizing the overall economy and lay a roadmap for attaining the double digit growth rate.

BRING IN CHANGES IN GUIDELINES TO CREATE MORE STOCK EXCHANGES , SAYS ASSOCHAM

 

NEW DELHI, FEB 28 :
IN
order to bring in greater competition in Securities market, more specifically capital markets, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has emphasised the need for creation of more “stock exchanges” to ensure wider participation of corporates particularly SMEs and retailers

.
A PRAGMATIC , PROGRESSIVE AND INCLUSIVE GROWTH ORIENTED BUDGET ; FM URGED TO INCREASE MAT RATE

Thesynergyonline Economic Bureau

NEW DELHI, FEB 27 :
WHEN he sat for meals, Thiruvalluvar, a 7th Century Indian poet, kept a needle and a small cup filled with water by his side. "Food should not be wasted, even a grain is precious. Sometimes, stray grains of cooked rice or stray pieces of cooked vegetables fall off the plate or away from it. While I eat, I lift them off the floor, with the help of this needle and stir them in the water to clean them and eat them."

At the top of this year’s Budget spiralling food prices is biggest concern for the common man. Budget Budget addresses short term actions taken to help the common man get affordable food and in the long-term introduce innovation and technology in enhancing storage capacity, credit support to farmers and increasing food processing to address concerns of food security. >>>
 

ONGC BAGS FICCI ANNUAL AWARD

NEW DELHI, FEB 27 :
OIL
And Natural Gas Corporation Limited (ONGC) has been conferred with the FICCI Annual Award 2008-2009 for “Outstanding Corporate Vision-Business Performance, Social and Environmental Action and Globalisation”. Mr Pranab Mukherjee, Finance Minister handed over the award to Mr R S Sharma, CMD ONGC at the inaugural session of the FICCI Annual General Meeting at New Delhi today.
 

BUDGET - POSITIVE, GROWTH AND DEVELOPMENT- ORIENTED : ASSOCHAM


Thesynergyonline Economic Bureau

NEW DELHI, FEB 26 :
THE ASSOCHAM president Dr. Swati Piramal while welcoming Budget proposals, termed them as Pragmatic, positive, growth and development oriented as these aim at attaining inclusive growth.

“The Finance Minister has performed the most balancing act under given circumstances by partially rolling out the Stimulus package and at the same time paid adequate attention for development of social sector and more specifically so for rural sector”, said Dr. Piramal.

Mr. Mukherjee has done his best in the Budget proposals to fuel consumption and sufficiently incentivised renewable energy, infrastructure, research and development in health and equipped these sectors with reasonably higher allocations. >>>

EPCES HAILS EXTENSION OF SEZ SCHEME

Thesynergyonline Economic Bureau
 

NEW DELHI, FEB 26 :
WHILE presenting Union Budget 2010-11 Mr Pranab Mukherjee, Union Minister of Finance, recognized the contribution made by SEZs in India in bringing investment, increasing exports and creating employment.

 

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