India

Subsidy burden prompts Reliance to sell pumps to Govt oil companies

Subsidy burden prompts Reliance to sell pumps to Govt oil companies
The much hyped rollout of the 1432 fuel pumps opened by Reliance Industries met with a premature ending owing to the rising crude prices and differentiated Government policies. All of the pumps owned by Reliance and established with an investment of over Rs.5000 crore were closed in March, 2008 indefinitely.

Bharti Airtel to shift focus to non-voice services

Bharti Airtel to shift focus to non-voice services
India’s largest and world’s 3rd largest wireless telecom operator, Bharti Airtel is restructuring its telecom business into nine vertical businesses each under a separate head. This is in departure to its existing structure where the businesses are under 3 heads – Wireless Mobile Services, Telemedia Services (DTH, Broadband, IPTV, Fixed Line) and Enterprise services (undersea cable, NLD/ILD).

Who will end up with Satyam in its fold?

Who will end up with Satyam in its fold?
With the bidding process of Satyam gaining momentum, till now it seems that there are just 3 players vying for the company, that are L&T Infotech, Tech Mahindra and Spice Corp.

Citi mantra to global market revival: Capital Strength and Earnings Power

Citi mantra to global market revival: Capital Strength and Earnings Power
The global markets are witnessing a brief revival during the week primarily attributed to the internal memo issued by Citi CEO Vikram Pandit to its employees. Off late Citibank had become a penny stock with 40% of it owned by US Government, however it has but all seems to have tide the storm and brought back the bank into shape.

How to earn steady tax free income from equity investments?

With stock market touching new lows every day and still no chances of calling a bottom, investors are hardpressed with choices for their investment decisions. Even the safe fixed return investments are seeing reduced returns owing to cut in deposit rates.

Design a Currency Symbol for the Indian Rupee

Design a Currency Symbol for the Indian Rupee
A currency sign (like $, £ or €) is a graphic symbol often used as a shorthand for a currency’s name. The Indian Rupee symbol design contest by Finance Ministry is looking for creative designs that also connect with Indian history and culture.