business

Anil Ambani lead Reliance Power has speeded up talks with various equipments major for striking a deal in a move to initiate work on the much delayed 7,480 mega watt power project in Uttar Pradesh. The company is currently negotiating with equipment majors such as General Electric (GE),Bharat Heavy Electricals (BHEL), Alstom and a couple … Read more Reliance Power speeds up negotiations for mega power project

In a move to compensate ailing fertilizers industry during the current financial year, the government has announced the issue of 6.65% Fertilizer Companies Government of India Special Bonds, 2023 for Rs 6,000 crore. Any investments in this instrument made by banks and insurance companies would not be considered as an eligible investment in government securities … Read more Govt releases Rs 6,000 cr fertilizer bonds

Kale Consultants, a leading solutions provider to Airline, Logistics and Travel (ALT) industry, has entered into a multi-year outsourcing contract with Wataniya Airways, Kuwait’s new full service luxury airline. As part of the deal, Kale will deliver complete outsourced revenue accounting and passenger audit services from its delivery centre. Kale will put into service its … Read more Kale Consultants enters a outsourcing contract with Wataniya Airways

Despite a continued contraction in exports (-1.1% YoY), lower oil prices resulted in India’s trade deficit coming in at US$7.6bn – a nine month low. Adjusting for lower exports and imports in the remaining months of this fiscal, we expect the customs trade deficit in FY09 to come in at US$108bn v/s 80bn in FY08. … Read more India’s Dec Trade Update + Outlook for FY10

Priya Exhibitors, one the promoter of PVR, has pledged five lakh shares with Axis bank, New Delhi. The mentioned number of shares pledged constitute 2.17% stake in the company. PVR is the leading and premium Multiplex Cinema Exhibition company. Currently, its a diverse cinema circuit in India consists of 26 cinemas with a total of … Read more PVR promoter pledges 5 lakh shares with Axis Bank

Oracle Financial Services Software, a majority-owned subsidiary of Oracle Corporation, has announced that Kapital Bank, a leading bank in Azerbaijan, is using Oracle’ FLEXCUBE Universal Banking to help expand the size and depth of its banking operations across its network of 88 branches. Oracle FLEXCUBE’s process-centric approach has helped enable the bank to optimize business … Read more Kapital Bank of Azerbaijan leverages ORACLE FLEXCUBE