business

India’s southwest monsoon, largely responsible for irrigating most of the kharif crop that is under sowing now, continues to remain a cause of concern for the government. The situation has started to play out with the Jharkhand government declaring drought in four districts. Manipur government has already declared drought in the whole state. The government … Read more Monsoon continues to remain a worry even as IMD sticks to its forecast

Indiabulls Power,a 100% subsidiary of Indiabulls Real Estate is considering for an initial public offer (IPO) to mop up about Rs 1,500 crore, intended to fund its three upcoming power projects in Maharashtra and Chhattisgarh. The company is most likely to come up with an initial public offer in August this year and will offer … Read more Indiabulls Power plans to enter the capital market – Stay Away

Tata Communications, a leading provider of a new world of communications, has bagged a deal from Sistema System TeleServices (SSTL), a pan-India Mobile license holder to deploy its on demand hosted contact center (InstaCC) services for all SSTL circles across India. This will allow the telco to move from capex to opex model. Sistema System … Read more Tata Communications bags deal from Sistema System TeleServices

India Post plans to sell agriculture insurance to farmers through post offices in Gujarat. India Post is world’s largest postal service with a massive network of 15,000 post offices. Apart from passport applications, it has also started selling gold coins and offering Multi Commodity Exchange of India (MCX) price quotes to the farmers. Further it … Read more India Post to sell agriculture insurance in Gujarat

IndusInd Bank has joined hands with Maruti Suzuki to provide loans to the auto major’s customers on an all India basis. As per the terms of the deal, the bank will offer financing facilities to all eligible customers for purchasing Maruti vehicles. Customers would get quicker and easier credit facilities by the combination of the … Read more Easy finance for Maruti Cars from IndusInd Bank

Fortis Healthcare’s medicity, which is coming up in Gurgaon spread across an area of 1.5 million sq ft, is expected to operationalise the first phase with three specialties and 250-400 beds by the last quarter of the calendar year 2010. The medicity, when fully complete, will have a total of 1,000 beds. Fortis Healthcare is … Read more Fortis medicity to have 3 specialties in the initial phase