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Mumbai based textile group – Provogue (India) – is planning to open 35 Provogue stores and eight Promart outlets across India for an investment of Rs 25 crore. These stores, expected to be set up by 2010, would be built across 800-4,000 square feet in high streets and malls of metros, Tier II and Tier … Read more Provogue India to open 35 stores by 2010
After being flooded with complaints of increasing incidence of call drops, poor voice quality and Tele-marketing calls regulatory body TRAI has written to the CEOs of almost all telecom service providers directing them to take corrective actions immediately. These telecom firms are gaining financially from captive consumers and their service delivery deteriorates. The regulator has … Read more TRAI Writes to Telco Chiefs + Recommends Audit
Undeterred by the worsening US economy and near-zero returns, some of the central banks, including RBI, are buying US treasury bills in a big lot. Central monetary authorities of China, Russia, Hong Kong, Norway, Ireland and Israel have gradually bought the low-yielding sovereign dollar asset in their portfolio. With the December buy, the total of … Read more RBI bought US Treasury Bills worth $6.9 bn, total holding at $23.1 bn
Hyderabad-based Soma Enterprise has secured an order worth Rs 199 crore from the Chennai Metro Rail Project. Besides Soma, various other infrastructure companies like Gammon India, Simplex, L&T and a joint venture of Nagarjuna Construction and CCCL were also included in the race for this project. As per the deal, Soma Enterprise is required to … Read more Soma Enterprise bags Rs 199 cr order from Chennai Metro Rail project
HDFC Mutual Fund has introduced HDFC FLEXINDEX Plan under its debt / liquid schemes. The introduced plan will provide a facility to unit holders under the debt / liquid schemes of the HDFC Mutual Fund (Source Schemes) to automatically transfer a portion of their investment into equity schemes of HDFC Mutual Fund (Target Schemes) on … Read more HDFC announces introduction of HDFC FLEXINDEX Plan
Crisis-ridden IT major Satyam Computer Services’ management has drawn up several austerity measures and has urged its staff to strictly follow it. The initiatives are part of the company’s cost cutting measures in view of the global slowdown. As per the initiatives, company has also put a freeze on expenses relating to internal issues including … Read more Satyam cost cutting – staff to follow austerity measures