Union Budget 2010-11 Highlights & Live Budget Updates
Indian Union Finance Minister Pranab Mukherjee has begun presenting the Union budget for 2010-11 in the Lok Sabha today. Here are some of the highlights of his budget speech.
Highlights of Union Budget 2010-11 are as follows:
•First challenge before Government is to quickly revert to high GDP growth path [...]
World Economic Forum Annual Meeting 2010 in Davos
Worldwide Bankers and top political leaders took their battle over post-crisis regulation to the World Economic Forum which started in Davos a Swiss ski resort.
World Economic Forum Annual five-day conference will see 2,500 people meeting to discuss a range of issues including global economic recovery, unemployment and the [...]
Punjab National Bank (PNB) Jobs & Vacancies in 2010
Punjab National Bank (PNB) has invite applications from eligible Indian citizens for the post of 1246 clerks.
The online registration for PNB recruitment 2010 will be open on Jan 25 and will close on Feb 18.
Candidates can get the detail of PNB recruitment 2010 on following link: http://www.pnbindia.com/english_web/pnb_recruit.htm.
The [...]
Wipro Q3 Profit Results 21% @ Rs 1,217 Crore On Stronger Outsourcing
One of the top Indian Information technology outsourcing leader company Wipro Ltd reported 21.26 per cent growth in consolidated net profit at Rs 1,217.4 crore for the third quarter ended December 31, 2009.
Revenue rose to 69.38 billion rupees from 65.90 billion rupees in the [...]
SBI Vacancies 2010: State Bank of India Start Recruitment in 2010 For 1717 POs
State Bank of India & Associate Banks of State Bank of India invites applications from eligible Indian Citizens for appointment as Probationary Officers for various branches in Associate Banks of State Bank of India.
According to the SBI website, there are 1717 PO [...]
Bad Santa Robs SunTrust Bank @ Gunpoint in Nashville
A man dressed up as Santa Claus but this Santa was no saint, went into a Suntrust Bank in Nashville and and demanded money from the teller at gunpoint.
The thief, described as a white male between 6 feet and 6 feet 4 inches tall, was wearing a [...]
BSE & NSE Holidays List 2010 with Weekend Falling Holidays in 2010.
National Stock Exchange of India Limited has notified Bombay Stock Exchange & National Stock Exchange holidays in 2010 according to its Laws and Regulations.
The National Stock exchange has given notice for trading holidays for currency Derivatives section for the year 2010.
It should [...]
Marsh & McLennan To Acquires HSBC Insurance Brokers For $218M.
Marsh has reached an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank in a stock and cash deal worth GBP 135 million (around Rs 1,000 crore).
The transaction, which is subject to regulatory approvals, is expected to close in the [...]
City Limouzines Scam Update: Special Team Setup For Investigation
The Supreme Court on Wednesday dismissed an application filed by City Limouzines chief S M Masood seeking protection from arrest across the country.
Not only this but the economic offences wing (EOW) of the Mumbai crime branch has formed a special investigative team to look into the [...]
Dubai (UAE) Stock Exchange Crisis After Recession Hits The World
One of the most influential aspects of the global financial crisis, which has taken many forms around the world, is the shrinking and increasingly risk-averse global capital pool. As investors around the world began to experience heavy losses in the wake of, and partially triggered by, [...]
Madhu Koda Arrested in Rs 4,000 Crore Money Laundering Scam in Chaibasa
Former Jharkhand Chief Minister Madhu Koda arrested by the Enforcement Directorate from Chaibasa, Jharkhand on Monday and has been taken to the office of Enforcement Directorate.
Chief Minister Madhu Koda was earlier send notice twice to participate in the investigation related to Rs.4,000 crore money [...]
Dubai Mulling Law to Protect (Property) Real Estate Investors
Dubai is considering passing a mulling law to protect the rights of real estate investors in the Emirate.
The Emirate’s real estate market has bottomed out and the new law is expected to boost the morale of property investors.
The city-state’s Real Estate Regulatory Agency (RERA) and the land [...]
Dubai Debt: Dubai Financial Crisis To Hit All Countries.
Dubai is stuck with a glut of real estate that no one wants to buy or rent.
Creditors and markets had always assumed that when push came to shove, its oil-rich neighbor Abu Dhabi would bail out Dubai.
Sheikh Ahmed bin Saeed al-Maktoum, chairman of the Supreme Fiscal [...]
AIEBA Talk for Wage Revision of Bank Employees with IBA & UFBU.
IBA (The Indian Banks Association) & UFBU (United Forum of Bank Unions) today met to take the wage bipartite talks forward.
Wage revision for them is due from November 2007.
All India Bank Employees Association (AIBEA) president Rajen Nagar said, “Issues like accounting for the cost [...]
Italian Prime Minister Silvio Berlusconi’s Divorced wife Veronica Lario Wants $69 million a year
VERONICA Lario, the wife of Italian Prime Minister Silvio Berlusconi, is wants 69 million dollars a year in a divorce settlement.
Veronica Lario filed for divorce in May, hurt by a reported attribute with an 18-year-old determined model.
Mr Berlusconi’s counteroffer of a [...]
Jobs in Baroda Rajasthan Gramin Bank (BRGB), Vacancies & Eligibility
Baroda Rajsthan Gramin Bank (BRGB)
(Sponsored by Bank of Baroda)
Ajmer, Rajasthan
Baroda, Rajasthan Gramin Bank invites applications from Indian Citizens for Officer grade and from domicile of Rajasthan for Clerk-cum-Cahsier post :
• Officer Scale-I : 34 posts (UR-17, SC-5, ST-3, OBC-9), Pay Scale : Rs.10000-18240, Age : [...]
Marriage offers for accused bank robber Toni Musulin.
Toni Musulin, a so-called bank robber may not be most girls’ idea of Mr. Right, but womens are proposing marriage to a jailed France man after he drove off from the central city of Lyon with 11.6 million euros (17 million dollars) in his van, before surrendering [...]
Haryana Gets Special Economic Zones (SEZ) Proposals Worth Rs.50,000 Crore.
India’s rapidly growing state Haryana has received above 100 proposals for conception Special Economic Zones (SEZs), which will fetch investments worth more than Rs.50,000 crore and generate 1.5 million jobs.
Out of the 70 IT SEZs proposals, three SEZs have already become prepared, six have been notified [...]
Forbes’ List of 40 India’s Rich List : Mukesh Ambani, Lakshmi Mittal, Anil Ambani, Azim Premji, Shashi and Ravi Ruia, KP Singh, Savitri Jindal, Sunil Mittal, Kumar Birla, Gautam Adani.
The head of Reliance Industries, Mukesh Ambani, is once again the wealthiest person in India. His net worth is put at 32 billion dollars, an increase [...]
Cox & Kings Launches IPO Price Band @ Rs. 316-330.
Travel and hospitality firm Cox and Kings said on Monday that it has fixed the price band between Rs 316 and Rs 330 for its maiden issue, that will see 29.08 per cent of the company’s shares being offered to the public.
Cox and Kings Ltd (CKIL) [...]
City Limouzines Financial Fraud Case News: Court Orders Reserved
City Limouzines chairman S M Masood has moved the Supreme Court seeking relief.
The sessions court heard the heard the arguments for anticipatory bail and reserved its order for November 13.
The defence tried to seek anticipatory bail on the ground of the case being a civil dispute. [...]
Two British Ticket Holders Share Lottery Winning Jackpot of £91m EuroMillions
Two British ticketholders have become the country’s biggest lottery winners after scooping scooping the £90m prize with the numbers 11, 19, 34, 43, 45 and the Lucky Stars 5 and 9.
It is still to be confirmed whether the winning tickets are held by individuals rather [...]
United Commercial Bank Closed, Assets & Accounts Move To East West Bank.
UCBH Holdings Inc.’s United Commercial Bank, a San Francisco-based lender was closed last day, by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
As of October 23, 2009, United Commercial Bank had 63 U.S. branches with total [...]
Vikas Sinha Arrested For Hawala Transactions
Vikas Sinha, an associate of former Jharkhand Chief Minister Madhu Koda was on Friday arrested by the Enforcement Directorate in Ranchi for his alleged role in carrying out hawala transactions and illegal investments.
Sources in the ED said he is allegedly involved in investing and routing Koda’s money through hawala channels.
ED [...]
FM Pranab Mukherjee Launched National Skill Development Corporation (NSDC).
Finance Minister Pranab Mukherjee launched National Skill Development Corporation (NSDC), which has been targeted to skill 30 percent of the overall target of 500 million people by the year 2022.
The launch programme of the National Skill Development Corporation (NSDC) will see the release of 12 skill gap [...]
Raj Rajaratnam – Founder of the Galleon Group Arrested For Insider Trading.
The Billionaire Raj Rajaratnam and founder of the Galleon Group have been arrested on the accusation of insider trading at the hedge fund.
US prosecutors who used wiretaps to make their insider trading case against billionaire Raj Rajaratnam, founder of hedge fund firm Galleon Group, [...]
Insider Trading in Intel & IBM.
The US Securities and Exchange Commission has charged billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm Galleon Management LP with engaging in a massive insider trading scheme involving IBM and Intel.
In addition to Mr Rajaratnam and Galleon, the commission last week filed charges against the following:
Danielle Chiesi, [...]
Idbi Bank Recruitment 2009: Vacancy, Post, Eligibility.
The IDBI (Industrial Development Bank of India) has initiated recruitment process for the posts of executives and officers.
IDBI Bank Ltd., a banking company under the Companies Act 1956 having majority share holding by Government of India is a leading provider of complete range of retail and corporate banking services [...]
BSE Holidays 2009 & NSE Holidays 2009 List.
Here is the list of Holidays in Bombay Stock Exchange & National Stock Exchange in year 2009.
List of BSE Holidays in 2009
Sr. No.
Holidays
Date
Day
1
Moharram
8th January, 2009
Thursday
2
Republic Day
26th January, 2009
Monday
3
Mahashivratri
23rd February, 2009
Monday
4
Id-E-Milad
10th March, 2009
Tuesday
5
Holi
11th March, 2009
Wednesday
6
Ram [...]
MindTree Ltd. To Buy Kyocera Wireless (India).
Software Company MindTree Ltd. said it would buy the Bangalore-based Kyocera Wireless (India) Pvt. Ltd., a subsidiary of Kyocera Wireless by making an upfront payment of $6 million.
Further cash payments based on the local unit of U.S.-based Kyocera Wireless Corp. meeting certain revenue targets in the fiscal years ending [...]
Xerox to Buy Affiliated Computer Services (ACS) in $6.4 Billion.
Xerox, the world’s largest manufacturer of high-speed color printers & photo copiers, is to acquire Affiliated Computer Services (ACS), a business process outsourcing (BPO) company, in an agreed $6.4 billion cash and share offer.
Xerox, based in Norwalk, Conn., has suffered from declining sales of copiers [...]
ACORN Officers Caught Live Teaching People Skipping The Law.
Employees at no fewer than four ACORN offices have been caught on videotape advising a man and a woman on how to skirt federal law to obtain housing and operate a brothel — but you’d hardly know it if all you watch and read are the mainstream [...]
Financial Fraud of City Limouzines India Limited.
City Limouzines India Limited, a finance company, shuts the doors of business in Hyderabad on Tuesday by cheating counts of customers.
A case has been filed in Abids police station against the company under section 420 (cheating) of IPC.
Approx 50 clients, who either experienced the fraud or came [...]
Pipavav Shipyard Limited IPO Issued.
According to the preliminary prospectus filed with SEBI, Shipbuilder Pipavav Shipyard Ltd will sell 85.5 million shares via initial public offering (IPO) starting on Wednesday.
Pipavav Shipyard is planning to raise over 5 billion rupees through its IPO
The founders have decided to go ahead with the issue now. They are just [...]
Sberbank – Russia’s Largest Bank in India.
Russia’s oldest & largest bank- Sberbank (saving bank) will shortly open its branch in New Delhi.
This is one of step to rationalize the expanding market.
Sberbank has got the green signal from the Reserve Bank of India.
The bank is now permitted to commence a fully-operational branch in New Delhi and [...]
Danny Pang, the Famous Orange County Financier dies @ 42.
Danny Pang, a famous financier & founder of Private Equity Management Group Inc., who U.S. regulators claim bilked Taiwanese investors, died on Saturday. He was 42.
Danny Pang, who was faced charges of his wife Janie Louise Pang’s unsolved murder case.
Danny Pang’s death also prompted questions [...]
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