Investment
Deposit rates hiked. Home and auto loans to follow.
By Poonam Singhal at 29 July, 2010, 2:44 pm
On Tuesday, RBI hiked the repo rate by 0.25% and the reverse repo rate by 0.5%. This indicates the onset on high interest regime in the days to come. It indicates that the interest rates on deposits, home loans, auto loans and other loans will go up in the near future.
A day after this was [...]
Infosys giving out shares to all its employees – Infy 30 yrs B’day gift
By Natraj Muthukrishnan at 1 July, 2010, 9:24 am
India’s second largest IT company, Infosys technologies is entering into its 30th year this July. This indeed is a momentous occasion and to celebrate it Infosys is giving out equity shares, at a minimum of five per employee to the employees who were a part of the Infosys family as on March 31,2010. Also, the [...]
Read More >>Kalanithi Maran buys stake in Spice Jet!
By Natraj Muthukrishnan at 14 June, 2010, 8:44 am
We had predicted here that Kalanidhi is planning to buy a stake in Spicejet airlines. Indeed our prediction has come true and the Sun TV promoter and media tycoon Kalanithi Maran has acquired 37.75% in low-cost carrier SpiceJet at Rs 47.25 per share amounting to Rs 750 crore. As per the deal, Maran’s aviation company [...]
Read More >>World’s tallest apartment complex: Coming up in Mumbai in 2014
By Natraj Muthukrishnan at 9 June, 2010, 9:38 am
The world’s tallest apartment building is coming up in our own Amchi Mumbai. Real estate firm Lodha Developers will invest Rs 2,000 crore to develop the world’s tallest residential tower in Mumbai to cash in the latest surge in the real estate market following an economic recovery.
The tower will be of 117 stories, housing nearly [...]
Now withdraw 1 lakh from ATM
By Natraj Muthukrishnan at 31 May, 2010, 11:04 am
Good news for those dealing with big money in a day to day life. Banks are all set to increase the withdrawal limit from ATM’s which is currently 25000 INR. Though some customers have special privilege. For instance, ICICI bank has 50000 as the withdrawal limit for privilege banking customers. Soon, customers can withdraw upto [...]
Read More >>HDFC Housing loans: Attractive offers
By Natraj Muthukrishnan at 16 April, 2010, 9:44 am
HDFC bank is back in the competition for housing loans with a very attractive offer. The company has introduced a new dual home loan product, under which, home loans will be available at 8.25% for the first year and 9% for the second year.
For loans under Rs 30 lakh, the bank will levy a rate [...]
Sahara and Rendezvous are new IPL team owners – Pune & Kochi IPL teams – IPL 2011 team bids and winners
By Manoj Govindassamy at 22 March, 2010, 2:24 pm
Group of Kerala based Real Estate Builders formed a team (brought together by Shasi Tharoor) named Rendevouz Sports World and won the Kochi IPL team franchise for around Rs. 1500 crore. …The costliest team of the first season – Mumbai Indians – 441 crore is ~ 4 times cheaper now when compared to the Pune IPL team price…
Read More >>Foreign universities, GMAT coming to India : Benefits & Advantages. What more needs to be done…
By Poonam Singhal at 18 March, 2010, 3:06 pm
The Human Resources Development Ministry of the UPA government has taken a major step towards getting world-class education in India. It has passed the Foreign Educational Institution (Regulation of Entry and Operation) Bill, which will allow foreign universities to set-up campuses in India.
Kapil Sibal, the Union HRD Minister, says a move more revolutionary than that [...]
3G auction : Qualcomm to bid for Broadband Wireless Access in India
By Poonam Singhal at 18 March, 2010, 12:51 pm
The 3G & BWA (Broadband Wireless Access) auctions that have been long pending in India. After many delays and re-schedules, the notice inviting applications has been sent out and the last day for submitting applications is tomorrow, March 19th . The auctions for 3G will start on April 9th. Two days after this, the autions [...]
Read More >>TCS shares at record high: To recruit 30,000: Hikes in April
By Natraj Muthukrishnan at 18 March, 2010, 10:19 am
The country’s largest IT company Tata Consultancy Services, TCS is having good news from all the corners. While an improving global economy means more outsourcing contracts coming to the IT major, there are some really big contracts like the one from Malaysian airlines which TCS has bagged.
With 2010 Q4 results just round the corner [...]
