India

IDFC buys Standard Chartered Mutual Fund to become third largest AMC

07 mar 2008

IDFC buys Standard Chartered Mutual Fund to become third largest AMC
Infrastructure Development Finance Corporation (IDFC) has outbid other bidders such as Shinsei Bank, Indiabulls to emerge as winner in race to acquire Standard Chartered Mutual Fund for $205 million. Earlier, RBI had disallowed Swiss Bank UBS to acquire Stanchart AMC.

Union Budget 2008 – If I Were the Finance Minister of India ..

28 feb 2008

Union Budget 2008 – If I Were the Finance Minister of India ..
This piece was published in Mint, a joint initiative of the Wall Street Journal and HT Media. What are the three things you wish for from the Budget? Tax rich farmers, do away with capital gain bonds especially for capital gains from sale of property, bring out a common card/ number for doing all financial transactions and social needs, and do away with need for different PAN, voter ID, mutual fund KYC norms, etc.

After Ramayan, its return of Mahabharata on Star Plus

27 feb 2008

After Ramayan, its return of Mahabharata on Star Plus
Faced with intense competition from rising band of General Entertainment Channels, Star Plus is sprucing up itself and launching new shows and formats. And in a bid to woo back audiences, Star Plus is following the tried and tested concept of airing religious epics, just as has recently been observed with NDTV Imgaine’s Ramayan.

First blueprint of Bharti Walmart retail store

26 feb 2008

Details of Bharti Wal-Mart’s first retail store in India, as per report of TV Channel CNBC-Awaaz. First store to be opened in Ludhiana in April, 2008. Interestingly Ludhiana is the city where Sunil and Rajan Mittal were brought up.

Last date for filing Income Tax returns – September 30 likely to be made common date

24 feb 2008

In the forthcoming Budget 2008, the finance minister may do away with the earlier practice of having different dates for filing Income Tax returns by individuals and corporates. Uptil now, July 31 was the last date for individual tax payers while for corporates and individuals whose account were required to be audited, the last date was October 31.

Buy a personalised Tata Nano sitting at home

23 feb 2008

Buy a personalised Tata Nano sitting at home
Even before its market launch expected around October, Tata’s People Car, Nano is already creating waves among its potential buyers. Nano’s website It is giving an option of personalising your car by selecting various features such as colour, dash board, seat covers, fog lamps, alloy wheels, decals and scoop trim.

Reliance mPay – Use your Reliance Mobile as a virtual HDFC Bank credit card

19 feb 2008

Reliance mPay – Use your Reliance Mobile as a virtual HDFC Bank credit card
In yet another step forward towards mobile banking, Reliance Communications and HDFC Bank have launched India’s first virtual credit card. Anyone who has a HDFC Bank credit card and a Reliance mobile can use this service and as per current estimates, around 15 lakh people qualify under this.
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