Category: Business

Modi all set to leave a huge impact in Germany and Canada

Newsroom24x7 Desk New Delhi: Along with German Chancellor Angela Merkel, Indian Prime  Minister Narendra Modi will declare open the Hanover Fair on Sunday. After 2006, India is once again the partner country for this year’s Hanover Fair. The Lion Logo loudly conveying the “Make in India” Message is splashed across Germany to herald the big event.

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Goodyear collaborates with Plan India to improve the lives of children

Newsroom24x7 Desk New Delhi, Delhi: Goodyear in India has extended its campaign of spreading joy on the road to now also spread joy off the road for many children in New Delhi and Mumbai. The leading tyre manufacturer has partnered with Plan India, a child centered community development organization, to support Plan India’s “Early Childhood Care

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The India Online Assessments Report 2014-15: Majority of recruitment professionals against online recruitment

Newsroom24x7 Desk New Delhi: A survey of recruitment professionals from 361 corporations has revealed that 36% prefer face to face interviews to online delivery methods while 50% of them have no intention of using online assessments for hiring. These professionals have questioned the capacity of the online recruitment process especially when it comes to authenticating or

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Indian telecoms auction to witness intense bidding

Newsroom24x7 Desk The Indian telecoms auction starting today is likely to see intense bidding by telcos to retain their existing spectrum and to acquire new spectrum as supply is limited, says Fitch Ratings. Telcos, according to Fitch, are likely to commit at least USD 13bn in the auctions – over 75% of which is likely

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Coal India gearing up for 1 billion tonne coal production

Newsroom24x7 Desk New Delhi: Coal India Limited (CIL), the Maharatna coal mining monolith had unveiled its roadmap, of strategies to be adopted, to attain the 1 Billion Tonne (BT) coal production mark by 2019-20. With the projected coal demand of the country hovering around 1,200 Million Tonnes (MTs) by 2019-20, at an envisaged growth rate

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Oil Ministry espionage racket: Police arrest 7

Newsroom24x7 Desk Delhi: The Delhi Police have busted an espionage racket and arrested a gang involved in stealing documents from the Ministry of Petroleum and natural Gas. After the initial arrest of three persons near Shastri Bhawan here, two more arrests were made. It is learnt that with the nabbing of another two persons the

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FIIs/RFPIs can now invest up to 49 per cent in Bharti Infratel Limited

Newsroom24x7 Desk Mumbai: The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of Bharti Infratel Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at

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Indian economy is moving in the right direction: Arun Jaitley

newsroom24x7 Desk New Delhi, Feb. 9: Union Finance Minister Arun Jaitley today said that overall economic situation in the country is looking better and basic parameters of Indian economy are moving in the right direction. The Finance Minster was making the Opening Remarks at the first meeting of the Parliamentary Consultative Committee attached to his Ministry

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Shivraj gets a rousing welcome on return from the US

Newsroom24x7 Desk Bhopal, Feb. 7: Madhya Pradesh chief minister shivraj Singh Chouhan was given a rousing welcome at the airport on his return from the US, where he had gone to interact with business leaders and launch the global initiative–the Friends of MP forum and its website friendsofmp.com. Mr.Chouhan described his US visit as highly

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Global CEOs call on PM

newsroom24x7Desk New Delhi, Feb. 2: A group of CEOs including Anshu Jain of Deutsche Bank AG, Dieter Zetsche of Daimler AG, Kurt Bock of BASF, Heinrich Biersinger of Thyssen Krupp, Yngve Slyngstad of Norgos, and Feffrey Jaensubhakiji of GIC AM; called on the Prime Minister Narendra Modi today. The CEOs appreciated the economic reform initiatives

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Vodafone case opens the gate to non-adversarial tax regime

Newsroom24x7 Analysis The Bombay High Court’s order in the transfer pricing case linked with British Telecom giant Vodafone has helped Government of India reiterate commitment for a non-adversarial tax regime and leave a positive impact on foreign investors. Following the High Court ruling in the Vodafone case, the Union Cabinet led by Prime Minister Modi, was prompt

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The outlook is stable for Tata Motors Limited

Newsroom24x7 Desk Mumbai, Jan. 30: The consolidated profile of Tata Motors Limited (TML) is expected to remain strong over the medium term despite its large capex plans (FY14 Capex: INR 269bn) says Fitch Ratings. Fitch expects the capex to be funded largely from TML’s operational cash flows supported by the continuing sound operations of Jaguar Land

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Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Company’s net leverage to increase to around 5x over the next two to three years Singapore/Mumbai, Jan.28: Fitch Ratings has assigned a ‘BBB-‘ rating to India-based Bharat Petroleum Corporation Limited’s (BPCL; BBB-/Stable) USD2bn medium-term note programme. KEY RATING DRIVERS Strong Government Linkage: BPCL has very strong linkages – operationally and strategically – with its 54.9%

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Stable Ratings Performance in 4Q14 for Non-Japan Asia structured finance

Newsroom24x7 Desk Hong Kong, Jan. 15: Fitch Ratings today projected that structured finance (SF) transactions, backed by assets in Korea, India and Singapore are performing well against a background of stable economies. A total of 14 publicly rated tranches from non-Japan Asia structured finance (SF) transactions were affirmed in 4Q14 as underlying assets continued to

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