money minting

[DLF IPL T20 2010] Opening Ceremony Navi Mumbai, New sponsorships & Updates

Just a day to go…to kick off the IPL Opening ceremony and the first match of IPL T20 Deccan Chargers Vs Kolkata Knight Riders.
Here are few updates on whats going on in IPL T20

Opening Ceremony will be on live in Set Max on 12th April, Friday from 6.00pm onwards
It is also live streaming in YouTube [...]

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…

Tanishq minting money – Titan Industries’ Gold mine

Titan, as a brand, is better known for Watches for a long time. Titan Industries, a Tata group company, which owns this brand is the house for few other well known entities now. Tanishq, a jewellery retail is also under the same roof. Titan industries heads four business divisions …. Though Titan Industries started off as a Watch company, its the Jewellery retail unit now which is making the major contribution to the company’s profit. It seems, the contribution of Tanishq, in terms of its profit before tax is currently at 55% against ….

Budget 2010 – New Tax Slabs : A boon for the tax-payers

The new tax slabs for Financial year 2010-11 announced by our Finance Minister, Pranab Mukherjee, has come as a boon to the honest tax payers of our country.
Where the basic tax exemption limit remains the same, the income limit for 10% tax, has been raised from Rs 3,00,000 to Rs 5,00,000.

Income Range
Tax rates for 2010-11
Tax [...]

Hike in deposit rates by ICICI, HDFC. Will lending rate hike follow?

ICICI bank, India’s largest private sector bank, has announced increase in the interest rates of long-term deposits by 0.25-0.50%, with immediate effect, for two of its slabs.

ICICI announcement of hike in deposit rates, follows HDFC’s announcement. Last week, HDFC also hiked interest rates for various slabs over one year, by 0.25%, to as high as [...]

PayPal operations in India suspended by RBI

Operations of Pay-Pal, the world-wide e-commerce business website for payments & money transfers over the Internet, have been suspended in India by Reserve Bank Of India (RBI).
As per Indian Govt. Law, any compnay that provides money transfer services in the country, needs to be registered with RBI. But PayPal has not registered with RBI. So, [...]

What is the secret behind name ‘Amit’! – Six figure bloggers in Indian Blogosphere – labnol.org,amitbhawani.com

I never thought blogging brings you so much money until I read this post by Amit Bhawani, a six figure blogger from India. I have been reading another blog for long time and who is well know to Indian blogosphere, yes its Amit Agarwal, founder of labnol.org.

Not sure about the secret behind the name Amit! [...]

Cellphone application biz, like Ovi, gives way to local software developers

The mobile application stores are emerging as the next big business opportunity in the cellphone industry. This has given way to new business opportunities for Indian software companies. Leading players like Nokia, Google, BlackBerry & Samsung are looking at providing a global distribution platform to Indian developers.

Nokia, world’s largest mobile phone maker, alone has more [...]

Sony MAX spends on Ads to get more Ads for IPL season 3 – expects 700 crores this season

The channel has started selling its initial inventory to advertisers for Rs 5 lakhs for a 10-second slot compared with about Rs 3 lakhs and about Rs 4 lakhs in seasons one and two, respectively.This is not the end, the rates are expected to go up further as the event draws closer…. Sony MAX minted in around 300 crores from the IPL season 1, around 500 crores from the IPL Season 2 which happened in South Africa. This time, the company is expecting over 700 crores Ad sales.There are news on the air about Videocon which shied away from IPL season 2 has come forward for co-presenting sponsors for the IPL Season 3…. 30 to 60 crores for the forthcoming season.Now, to ink in more aggressive deals and to further increase the ad sales, the company has come forward to spend more on marketing the IPL Season 3 …

Q3 results of TCS announced: Good news for investors and job seekers

TCS is back and back with a bang. The company announced its Q3 results yesterday. TCS’ quarterly net profits surged to Rs 1,824 crore, a jump of 12.32% compared to the previous quarter, while its revenues grew at 2.86% .The company’s total income from operations rose to Rs 7,648.54 crore (Rs 76.49 billion) for the [...]