corporates

Paypal India PAN number verification doesn’t work – screws up Indian customers more

..You will be asked for your Mobile Number and PAN number like the one you see above when you login for the first time to your India Paypal account from today. I tried keying in my mobile number and the PAN number assuming all the problems would be over in another few seconds. But, what turned put to be is still more worse. Yes, the bad days for paypal india is not over still. After keying in my PAN number, Paypal yelled at me in no time with the below screen…

Attrition peaking in Indian IT industry

We spoke here about an improving job market in the IT scenario that attrition, hikes, promotions and retention bonuses are back. In a striking proof to the same, one of the country’s major IT firms is seeing attrition at the rate of 4000 per month against an average of 1200 it usually sees. 4000 a [...]

Air India tickets at discount

Air India has been under pressure to perform and has been in debt. As written here earlier, Air India is trying to leave no stone unturned to get the bail-out amount from Govt of India. It has been trying hard to attract more flyers on its flights and has announced a 10% discount on [...]

Mobile Number portability will be possible by May: Telecordia to do it

Mobile number portability has been a key focus article in moneymint and we have been tracking its various developments here, here, here and here. Now the latest news is that Telecordia, the US based telecom solution has got the nod from the Govt. especially the home ministry to set up its shop in India. As [...]

20 – 50 % rise in Salary for IIM-C grads

Indian Institute of Management – Calcutta has also recorded Rs 1 Crore per annum Salary offer like IIM-A & IIM-B.  The highest annual package offered was Rs.18 lakh, the average being Rs.11.37 lakh. Despite the slowdown in the manufacturing sector, all 28 self-sponsored students of the Indian Institute of Management-Calcutta (IIM-C)’s post-graduate programme for executives [...]

Fresh bidding for 2 new IPL team franchise – rules relaxed – Kareena Kapoor, Saif Ali Khan in bidding fray now

..strict rules made many of the above interested parties to back out. It was said that on March 8th the bidding tenders would be opened and the 2 new IPL team owners would be announced. But, it is heard that the IPL committee has received only 3 bids so far (they expected at least 20) and one was disqualified by late submission Bidders so far : 1. Saif Ali Khan + Kareena Kapoor + Karishma Kapoor + Videocon + Panchshil Group from Pune 2. Adani Enterprise 3. JP Group (bid disqualified citing late submission) …

Base Rate System delayed – Good for Borrowers or Lenders?

The Reserve Bank of India (RBI) deferred the implementation of the Base Rate System — the new benchmark lending rate for banks — by three months to July 1.  It also agreed to exempt three category of loans from the new system. These are staff loans, loans against fixed deposits and loans under the Differential [...]

India – More women workforce to join Corporate this year

Recruitment experts say that more women are likely to join the corporate workforce in the country this year, with overall hiring prospects are picking up and companies increasingly believing in maintaining a healthy male-female ratio.

IT services firm ITC Infotech’s HR Head Anand Talwar said, “Yes, more women are expected to join this year into the [...]

Get ready to pay for airport usage

Airline industry went through a sweeping change with the introduction of the so called low cost airlines which finally made flying affordable to the middle class. This sweeping change came with unprecedented  air traffic and rush at the airports. This led to newer airports in the bigger cities and metros.

Now, Bangalore already has a new [...]

Who is buying 2 new IPL teams – Amitab Bachan, Adani, Muthoot Group, Hero Honda, Sharad Pawar ? – New Franchise teams for IPL 4

One of the richest cricket body in the world – IPL, is planning to increase the franchise teams from 8 to 10 for the next IPL season – IPL 4, 20111. The run away success story of IPL has made Indian Cricket Story an incredible one… IPL is aiming high with its 2 new teams and has proposed strict bid rules. Each new IPL team is base priced at USD 225 million (~ Rs. 1040 crores ). Yeah, in just 3 years, IPL team base price have multiplied by 3 times. Also, Bidder networth should be over $1 Billion (~ Rs. 4500 crores). Also, interested parties should submit a bank guarantee of Rs. 460 crores to participate in the bidding process…. only four bidders are in the race now for the 2 new teams are starred in the above list…