Free & Fearless Press – Right of every Indian
Editor's Desk The RBI is likely to continue with limited quantitative easing. The RBI has aggressively cut interest rates after the crisis began. Although there is still room to cut the cash reserve ratio (CRR), and we think they will cut it by 150 bp by mid-2009, the bulk of the rate cuts is behind us. Further, … Read more Quantitative easing – Likely in Indian Economy
Ranbaxy Laboratories Ltd (Ranbaxy) has informed us that the Medicines and Healthcare products Regulatory Agency (MHRA) of UK, and the Therapeutic Goods Administration (TGA), Department of Health and Ageing of the Australian Government, have issued Good Manufacturing Practice (GMP) certificates for its manufacturing site at Paonta Sahib (India), following a joint audit conducted in October … Read more Ranbaxy – Daiichi Paonta Sahib plant receives MHRA, UK and TGA, Australia Approvals
The Congress(I) led government in India is considering a 7-year lock-in for foreign companies engaged in manufacturing of power equipments. The move is aimed at keeping the non-serious players out of the picture. The prime minister’s committee on infrastructure on power sector issues has been considering the problem and has discussed with various representatives of … Read more Govt for 7-year lock-in on foreign power equipment companies – Why not Real Estate ?
One of the largest public sector banks – State Bank of India (SBI) – has re-launched the gold deposit scheme with an aim of bringing into circulation the privately held stock of gold to reduce India’s dependence on imported gold due to the rising cost of gold imports. This scheme, first launched in November 1999, … Read more SBI re-launches gold deposit scheme – Highly Unttractive Interest Rates
India’s largest insurer – Life Insurance Corporation of India (LIC) – has invested around Rs 40,000 crore in equity this fiscal, exceeding the total equity investments made in the last financial year. Every year LIC invests around 8-9% of its total premium collection in the stock markets, majority being in the banking sector. This year … Read more LIC parks Rs 40,000 cr in equity this fiscal
ICRA Techno Analytics mc, a wholly owned subsidiary of ICRA Techno Analytics (ICTEAS) operating from Kolkata, has acquired 100% stake in Sapphire International Inc., a Delaware Corporation based out of Trumbull, Connecticut, USA. Sapphire, a Microsoft Gold Partner, is in the business of providing IT solutions to government agencies and large corporations in the US … Read more ICRA’s subsidiary acquires Sapphire International of USA