Business News ( Page 31 of 45 )

RBI asks banks to improve NPA management March 30, 2012 07:09

The country's largest lender SBI had reported record gross NPAs in Q3 at Rs 40,080 crore and saw an 87.5% spike in its provisioning. But private lenders are better off. The total NPAs in the…

Hyd GVK bags Asia prestigious award March 30, 2012 06:22

GVK the prominent name in infrastructure, power, roads and of course the prestigious Shamshabad Airport in Hyderabad, has another feather in its cap. GVK group bags the prestigious awards as ‘Asia Deal of the year‘and…

India to become world's largest economy in 2050: Study March 29, 2012 07:37

China will overtake the US to become the world's largest economy by 2020, which, in turn, will be overtaken by India in 2050. Going only by GDP growth, nine of the top 10 cities in…

Salman the investor picks stake in Yatra March 29, 2012 05:19

Abdul Rashid Salim Salman Khan invests in Yatra the famous travel portal or rather one of the premiers in the segment. Well what next to Sallu Bhai….. People where quizzing when the news that Abdul…

TVS acquires Britain’s Universal Components March 28, 2012 06:52

The Chennai based auto component company acquires UK based Universal Components at 100 Cr for 90 percent stake in the later. Chennai’s auto giant TVS group worth nearly $ 6.6 billion acquires 90 percent stake…

Edelweiss HFL forays into south, opens in Hyd March 28, 2012 06:55

Edelweiss offers a wide range of Housing Finance products that are designed to address a variety of financing needs in the shortest possible time. The Mumbai finance Company vies strategic south location for operations. In…

Corporate Social Sustainability- The Relevance of Global Reporting Index (Part II) March 27, 2012 12:47

The Global Reporting Index measures the performance of the Corporate on certain defined criteria. A vague parallel can be drawn to the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) for…

Amazon partners with Tata Comm March 27, 2012 05:36

Silicon Valley Giant is to launch Amazon Web Services (AWS) by partnering with the Indian Giant Tata Communications. India is a big market for cloud services. Amazon is on building a solid base in the…

Corporate Sustainability Reporting - An Emerging Area for Corporate Sustenance (Part I) March 26, 2012 10:21

Sustainability reporting is an emerging area in the field of Corporate Reporting. This framework imposes upon the corporate to disclose their sustainability strategy in pre-defined framework apart from the financial numbers at the end of…

Hyderabad Co signs 16 overseas MoUs, posed to $50k business March 26, 2012 06:36

Hyderabad Tech firm posed for a phenomenal success in IT has signed nearly 16 MoU’s with international companies to foster it’s initiatives to success. The Hyderabad based Trendz Information Technologies Limited is a center for…

RBI norms to float co-operative banks March 24, 2012 11:42

The new guidelines will also include a provision under which well-managed cooperative credit societies can turn into co-operative banks, Karuppasamy said. “Well-managed credit societies and financially sound credit societies will be converted into co-operative banks…

NBFC gold loans: RBI for stricter norms March 24, 2012 05:45

RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral…