Komal Meswani

Max New York Life – Ropes in Sr Citizen Amitabh Bachchan as brand ambassador

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Max New York Life, one of India’s leading life insurance companies has roped in Amitabh Bachchan as the brand ambassador for Max Vijay.  Had it been a Sr. Ciizens Plan it would have made sense 🙂

Max Vijay is specifically targeted at providing financial inclusion to the underprivileged masses. This is a unique product that has been designed keeping in mind the savings and protection needs of the common people.

Read moreMax New York Life – Ropes in Sr Citizen Amitabh Bachchan as brand ambassador

Shoppers Stop Franchises Crossword Stores

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Shoppers Stop, part of Raheja Group, has opened its Crossword franchisee store at Powai in Mumbai and one Crossword store at Hypercity, Hi-Tech City at Madhapur in Hyderabad. Following the development, the retail major now has 53 Crossword stores. Shoppers Stop runs a chain of departmental stores with brands including brands Shoppers Stop, Home Stop, … Read more Shoppers Stop Franchises Crossword Stores

India Advance tax signals recovery

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In a robust signal of recovery underway in the Indian economy, advance tax numbers for the second quarter of the fiscal have shown buoyant growth. The good thing is that the recovery party is being celebrated across most of the industries, especially the banking, automobile, oil and gas and infrastructure space.

Reliance Industries, the country’s largest company by market capitalisation, has paid Rs 1,157 crore against Rs 314 crore in the immediate previous quarter. Similarly, BPCL paid Rs 312 crore against Rs 40 crore. In the banking space, State Bank of India and ICICI Bank have paid advance tax of Rs 1,838 crore (Rs 1,068 crore in the first quarter of the fiscal 2009-10) and Rs 501 crore (Rs 250 crore) respectively.

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Government may hike stake sale target in Coal India to push disinvestment

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Indian government is considering disinvestment in the public sector Coal India. It is further understood to be contemplating hike in the stake sale target from 10% proposed earlier to 15% as it wants to put a sizeable number of shares in the market. The move may also be due to finance ministry considering anther proposal of mandating a 25% public float for listed companies. While the entire 25% stake may not be sold at one tranche, a significant first issue would raise chances of better returns for a follow on sale.

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Why Murli Deora wants reconstitution of EGoM for RIL KG gas ?

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After being criticized for disproportionate allocation of RIL KG basin gas, Petroleum minister Murli Deora has suggested reconstitution of the empowered group of ministers (EGoM) to decide on allocating gas to new customers.

After meeting with principal secretary to the Prime Minister, Deora has formally written to the Cabinet Secretary urging reconstitution of the eGoM on the lines of the previous ministerial group. Why does Murli Deora want this ? We believe someone in h current group is getting tough on Murli Deora.

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Geodesic eyeing acquisition in the commercial and social networking space

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Geodesic, the mobile, desktop communications and entertainment solutions provider, is eyeing an acquisition in the commercial and social networking space to expand its global presence. The board of the company has approved the proposal for the same. In May this year, the company had acquired South America based Interactive Networks Inc. Geodesic, founded in the … Read more Geodesic eyeing acquisition in the commercial and social networking space