Venture Infotek: ATOS Worldline To Buy Venture Infotek For $100 Million Europe’s leading payment services company ATOS Worldline is set to acquire Indian company Venture Infotek in a deal that is to be expected to be approximatly USD100 million. This deal between Venture Infotek and ATOS Worldline will be the biggest deal in the payment [...]
Toll Free Numbers in India: Complete List of All Toll Free Numbers in India in Favor of Common Men A toll-free, Freecall, Freephone, or 1800 number is a special telephone number, in that the called company is charged the cost of the calls receiving by the telecom company, instead of the calling person. A toll-free [...]
The Reserve Bank of India (RBI) To Present Annual Financial Credit Policy on 20 April, 2010 The Reserve Bank of India (RBI) Governor D. Subbarao to be present the annual monetary policy for this fiscal year 2010-2011 on Tuesday, 20 April 2010, accompanied by a classical predicament faced by all central banks of India to [...]
India wide Public Sector Bank Strike & LIC Employees’ two-hour Strike against LIC Amendment Bill. Banking services are expected to be affected as employees of public sector banks across the India will go on a two-day nationwide strike on 6th & 7th August, 2009 to press for wage hikes and other issues. There was a [...]
Morgan Stanley Reports Its Larger Than Expected Loss. Morgan Stanley reports its third straight quarterly loss, as the brokerage firm struggles to bounce back from last fall’s market meltdown. Morgan Stanley (MS, Fortune 500) lost $1.26 billion in the quarter ended last month, with a big amount of that loss due to a one-time expense [...]
The Global Financial, Banking System Came To Complete Collapse, Says Bankers In a series of interviews for The Deal magazine on the state of rivalry in the domestic banking business, the bosses of the big four banks have disclosed that how close the global economical system came to complete collapse. All four say the world [...]
MasterCard Inc., the second-biggest credit-card network, hired Ajay Pal Banga, the former chief executive officer of Citigroup Inc.’s Asia Pacific unit, as president and chief operating officer. Ajay Pal Banga, 49, joins MasterCard on Aug. 31 and will report to Robert Selander, 58, who cedes the president’s title and continues as CEO, according to a [...]
Approx half of credit card and debit cards are inactive in India, possibly due to insufficient resources in bank accounts and a holding of more than one card, a study has said. A study by Edgar, Dunn & Company and India Cards Council has revealed that unlike in the United Kingdom and Australia where 90 [...]
Have you been paying your telephone bills on time? Do you consistently forget the due date for your insurance premiums? You better watch it! If you ever intend to apply for a loan in future all these aspects are going to count! These are a few of the spruced up elements planned to be implemented [...]
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