Editor's Desk

Kale Consultants, a leading solutions provider to airline, logistics and travel (ALT) industry has announced that J M Baxi & Co one of India leading maritime logistics providers, has chosen Kale FMS-Freight Management Solution. The solution will encompass various functions of freight forwarding and third party logistics including sales and customer relationship management, multi-modal exports … Read more Kale Consultants’ FMS- Solution to be used by J M Baxi

Copper jumped to the highest in more than four months in London as global equities rallied, raising expectations a slump in demand for commodities will slow. Nickel advanced the most since January. Copper and alloy shipments into China, the biggest consumer of the metal, rose 55% to 283,461 metric tonnes in February from the prior … Read more Copper rises to four-month high in London

HCL Technologies, a leading global IT services prouder, has entered into a seven-year total IT Outsourcing Services engagement with The Readers Digest Association Inc (RDA), a global multi-brand media and marketing company. The value of the agreement is estimated to be approximately $350 million and the scope of this complex transformational includes applications development and … Read more HCL Technologies 7 year IT Outsourcing deal with Readers Digest

We have received Advance tax numbers of Indian corporates for FY 2009 from the IT Authorities. HDFC PAYS RS.240CR VS RS.250 420CR YOY BANK OF BARODA PAYS RS.280CR VS RS.220CR YOY INFOSYS TECH PAYS RS.150CR VS RS.150CR YOY RELIANCE INDUSTRIES PAYS RS.370CR VS RS.443CR YOY TATA STEEL PAYS RS.230CR VS RS.300CR YOY ACC 319Cr Vs … Read more HDFC+BOB+Infosys Reliance Advance Tax Numbers

Life Insurance Corporation of India (LIC) is planning to enter into a bancassurance agreement with Punjab National Bank (PNB). Under bancassurance model, the insurance products of the insurer are sold by the bank.As per the deal, PNB would distribute LIC’s products through its 4,000-plus branch network across the country. Private and public life insurers are … Read more LIC likely to ink bancassurance agreement with PNB

India’s Industrial Production (IIP) growth has fallen sharply from its FY08 8.5% levels, and is flat over Jan-Feb 09, it is holding up substantially better than peers. Higher inventory levels should suggest increased corporate borrowing. Another 18 year analysis suggests: Bank credit growth precedes/rises with inventory expansion – credit growth is currently falling, Bank credit … Read more Falling IIP – Industry Building Inventory ?