Google world's best multinational company to work for: Survey
Posted Date : 25-Oct-2013 , 08:14:02 am | Posted By CASANSAAR
Internet giant Google has emerged as the world's best multinational company to work for, followed by software developer SAS Institute and network storage provider NetApp in the second and third place, respectively.
Software giant Microsoft was ranked ...
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Government Approves three Proposals of Foreign Direct Investment (FDI) Amounting to about Rs. 38.09 Crore
Posted Date : 08-Oct-2013 , 08:31:28 pm | Posted By CASANSAAR
Further to para 9 of the Press Release dated August 6, 2013, wherein it was stated that decision on the six (6) proposals will be communicated separately, the Central Government has approved three (3) proposals of Foreign Direct Investment (FDI) amounting to Rs.&n...
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India-born Watsa led Fairfax consortium to buy BlackBerry for $4.7 billion
Posted Date : 24-Sep-2013 , 03:00:28 pm | Posted By CASANSAAR
BlackBerry Limited today announced it has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence.
Hyderabad-born Prem Watsa is the founder, chairman, and CEO of Fairfax Financia...
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RBI allows foreign promoters to raise stake in domestic companies
Posted Date : 09-Sep-2013 , 08:43:33 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has made it easier for foreign and non-resident Indian promoters to increase their stake in domestic companies through the foreign direct investment (FDI) route, a move that can bolster the stocks of companies where foreign promoters have a stake.Almost four...
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Microsoft to acquire Nokia's handset business for $7.2 billion
Posted Date : 03-Sep-2013 , 09:47:47 am | Posted By CASANSAAR
Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion), and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has be...
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US launches investigation against Indian trade practices
Posted Date : 31-Aug-2013 , 12:31:01 pm | Posted By CASANSAAR
A US Federal agency has launched an investigation into Indian trade policies which allegedly discriminate against the American trade and investment.
The investigation, "Trade, Investment and Industrial Policies in India: Effects on the US Economy", was requested jointly by the Senate Commit...
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Rupee hits historic low of 68.70 against dollar, Sensex tanks 500 points
Posted Date : 28-Aug-2013 , 10:58:21 am | Posted By CASANSAAR
The S&P BSE Sensex slipped over 500 points, while the broader 50-share index Nifty fell over 3 per cent to trade below its key psychological level of 5,150.Oil prices have shot up recently after the US indicated a possible military action on Syriafor its alleged use of c...
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Rupee sinks to new low, breaches 66/dollar
Posted Date : 27-Aug-2013 , 04:08:45 pm | Posted By CASANSAAR
The rupee on Tuesday plunged further by 177 paise to record low of 66.07 against the US dollar in afternoon trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers and persistent capital outflows.
The rupee had ended down 110 paise or 1.74 p...
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Rupee hits fresh all-time low of 65.50 Vs dollar
Posted Date : 22-Aug-2013 , 11:42:02 am | Posted By CASANSAAR
he rupee on Thursday plunged further by 142 paise to hit a fresh record low of 65.50 against the US dollar in mid-session trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers.
The rupee had ended at 64.11 after hitting a fresh low of 64.5...
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Rupee may touch 70 to the USD in a month or so: Deutsche Bank
Posted Date : 21-Aug-2013 , 04:35:16 pm | Posted By CASANSAAR
The rupee could touch 70 against the U.S. dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday.
"We continue to believe that fundamentally the rupee is undervalued and has overshot its equilibrium level substa...
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Rupee hits an all-time low despite RBI measures
Posted Date : 16-Aug-2013 , 10:45:05 am | Posted By CASANSAAR
The rupee on Friday hit an all-time low of 62 versus the US dollar. The India currency fell after appreciating in the early morning trade. The fall comes despite, RBIannouncing stern measures to curb forexoutflow amid weakening of the US currency overseas. The...
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Central Government Approves Twelve (12) Proposals of Foreign Direct Investment Amounting to about Rs. 343.99 Crore
Posted Date : 06-Aug-2013 , 10:42:42 pm | Posted By CASANSAAR
Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on July 5, 2013, the Central Government has approved twelve (12) Proposals of Foreign Direct Investment amounting to ...
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Detroit becomes largest US city to file for bankruptcy
Posted Date : 19-Jul-2013 , 09:24:46 pm | Posted By CASANSAAR
The city of Detroit on Thursday became the largest city in US history to file for bankruptcy protection, court documents showed.
Once the fourth largest US city, Detroit has seen its population shrink by more than half, from 1.8 million in 1950 to 685,000 today, as crime, flight to the subu...
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Govt allows 100% FDI in telecom, hikes insurance cap to 49%
Posted Date : 16-Jul-2013 , 09:56:26 pm | Posted By CASANSAAR
In a major reform push, the government on Tuesday decided to liberalize and hike foreign direct investment (FDI) limits in insurance, retail, telecom, defence and a host of other sectors.
The decision was taken during a meeting of senior cabinet ministers c...
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Rupee breaks 61 against dollar, hits record low
Posted Date : 08-Jul-2013 , 10:21:47 am | Posted By CASANSAAR
The Indian rupee breached the 61 mark against the U.S. dollar for the first time ever on Monday, surpassing the previous record low of 60.76 hit on June 26. The partially convertible rupee traded at 61.19 as of 10.02 a.m. against Friday's close of 60.23.
The Reserve Bank of India was spotted sellin...
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138 Pak MPs either paid no income tax,or govt has no such data
Posted Date : 24-Jun-2013 , 02:36:14 pm | Posted By CASANSAAR
A total of 138 members of Pakistan's new National Assembly, including four federal ministers, have either paid no income tax in 2012 or do not figure in official records of tax-payers, according to a media report today.
The figure accounts for almost 42.59 per cent of the 324 n...
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Indian money in Swiss banks dips to record low at Rs. 9,000 Cr
Posted Date : 20-Jun-2013 , 06:14:41 pm | Posted By CASANSAAR
Deposits by Indians in Swiss banks have fallen to a record low level of about Rs. 9,000 crore (1.42 billion Swiss francs) as a global clampdown against the famed secrecy wall of Switzerland banking system made it unattractive for their global clients.
The total funds held by Indian indivi...
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Govt gets data on investments by Indians in tax havens
Posted Date : 16-Jun-2013 , 09:21:39 am | Posted By CASANSAAR
The Indian government has obtained data of investments made by hundreds of Indians in tax havens such as the British Virgin Islands, the Cook Islands and Cayman Islands, some of which was part of a global media expose on offshore investments and secret financial transactions two months ago.
...
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Rupee hits new low at 58.98 against dollar
Posted Date : 11-Jun-2013 , 07:17:46 pm | Posted By CASANSAAR
The Indian rupee fell for the second straight day on Tuesday, slumping to 58.98 against a dollar on continuing worries over current account deficit and increased demand for the US currency from importers.
The partially convertible rupee weakened by 80 paise to hit a new low of 5...
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Government Approves Eight (8 ) Proposals of Foreign Direct Investment Amounting to About Rs. 696.23 Crore
Posted Date : 31-May-2013 , 07:10:17 pm | Posted By CASANSAAR
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 12.04.2013
Following eight (8) proposals&...
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Government Approves 17 Proposals of Foreign Direct Investment Amounting to about Rs.262.5594 Crore
Posted Date : 07-May-2013 , 07:28:31 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 13, 2013, the Central Government has approved Seventeen (17) proposals of Foreign Direct Investment amounting to ...
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Internet sales tax faces US Senate vote, Barack Obama backs
Posted Date : 23-Apr-2013 , 08:25:14 am | Posted By CASANSAAR
A measure that would empower US states to require out-of-state retailers to collect online sales tax won backing from President Barack Obama on Monday and is expected to pass a legislative test vote in the Senate later this evening. The bill will be the subject of a procedur...
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Bride leaves wedding to report on earthquake in China
Posted Date : 22-Apr-2013 , 02:19:41 pm | Posted By CASANSAAR
Dedicated reporter Chen Ying didn’t let her wedding day get in the way of reporting a major news story. She was having her make-up put on at a photographic studio just before her ceremony when a devastating 6.6 magnitude earthquake struck the city of Ya’an.
After a qui...
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Investment pacts can't be subject to foreign jurisdictions: FM
Posted Date : 16-Apr-2013 , 02:40:04 pm | Posted By CASANSAAR
Finance Minister P Chidambaram has made it clear that any bilateral investment protection agreement has to be subject to jurisdiction of domestic legal institutions and India will not allow it to be subjected to foreign courts or tribunals.
"We cannot allow highest court of the land to be subjected...
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Government will sell Rs. 30,000 crore in debt quotas to foreign investors
Posted Date : 12-Apr-2013 , 03:00:36 pm | Posted By CASANSAAR
The government will auction Rs. 29,108 crore in government debt to foreign investors on April 22, according to the website of market regulator Securities and Exchange Board of India (SEBI).
This will mark the first auction since India simplified restrictions for foreign investment i...
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Sebi rationalises debt limits for foreign investors
Posted Date : 02-Apr-2013 , 08:10:45 am | Posted By CASANSAAR
Market regulator Sebi today announced rationalisation of debt limits for foreign institutional investors (FIIs) in line with RBI move on the same issue, a move that is expected to attract more overseas investments into the capital market. Earlier in the day, the Reserv...
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BRICS bank could become future World Bank
Posted Date : 28-Mar-2013 , 08:45:59 am | Posted By CASANSAAR
The BRICS bank, the setting up of which was approved by the group's leaders today, could become a World Bank in future due to the increasing influence of emerging countries, chairman of Goldman Sachs Asset Management said today.
"If, in fact, the BRICS bank is announced, this will be the beginning ...
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Government Approves 6 Proposals of Foreign Direct Investment Amounting to Rs. 732.77 Crore Approximately
Posted Date : 26-Mar-2013 , 03:03:16 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 6, 2013, the Government has approved six (6) Proposals of Foreign Direct Investment (FDI) amounting toRs.732.77 croreapproximately.
Details of Proposals considered in the Foreig...
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Govt eases norms to attract foreign investors
Posted Date : 24-Mar-2013 , 08:04:46 am | Posted By CASANSAAR
The government on Saturday announced simplification of removal of norms for foreign institutional investors (FIIs) to invest in government and corporate bonds, in its latest attempt to woo overseas investors to finance the widening current account deficit.
The move, which will be applic...
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TCS to pay $30 million to settle employee class action suit in US
Posted Date : 27-Feb-2013 , 02:09:09 pm | Posted By CASANSAAR
Tata Consultancy Services (TCS) will pay $30 million (Rs 163 crore) to settle a sevenyear-old case in the US filed by two former employees, making it the largest employee class action suit settlement by any Indian company. Besides TCS, the case — originally filed in 2006 in Californ...
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