Rural poor still depend on moneylenders: RBI survey
A survey the Reserve Bank of India (RBI)
conducted in 300 districts has revealed that people from the lowest strata of society continued to
depend on local money lenders for small loans at exorbitant interest rates.
India exploring commercial
satellite launches
India is exploring commercial opportunities by
providing facility of satellite launch to other countries at viable rates, the Lok Sabha was
informed Wednesday.
SEBI allows MFs to sell government securities
Beat back inflation, Chidambaram says
>>
TECHNOLOGY
With Geneva E2C, you
are no more at mercy of language
Geneva Software Technologies, a pioneer in the
research and development for last fifteen years in language technology, has announced the
commercial launch of Geneva E2C.
Boeing to certify Indian supercomputer
The Boeing Company said Wednesday it is partnering
with Computational Research Laboratory (CRL), a subsidiary of the Tata Group, to test and validate
one of the world's fastest supercomputers, the Indian-made Eka system.
Free SMS through portal
IIT Delhi to display innovations for image makeover
>>
BUSINESS
Electrotherm to issue 1.3 Mn shares to
German firm
City based Electrotherm (India), an engineering
company engaged in steel and two-wheeler businesses, announced Thursday that it would issue 1.3
million shares to German financial institution DEG on a preferential basis.
De Beers to acquire stake in
Russian diamond deposit
Diamond multinational De Beers will acquire a
large stake from Russian oil giant LUKoil in one of Europe's biggest diamond mines, LUKoil's press
office said.
Google loses search ad dollars to Yahoo, says study
Thomson completes Reuters acquisition, shares begin trading
>> VENTURE NEWS
Parsvnath ties up with two Saffron
Group funds for Mumbai project
Parsvnath Developers has inked an agreement
Thursday with two Saffron Group-managed funds, Yatra Capital Limited and Saffron India Real Estate
Fund I, for the development of a BEST bus depot near the Bandra Kurla Complex in Mumbai.
Religare Finvest to
finance commercial vehicles
Religare Finvest (RFL), a non-banking finance
company, has signed a strategic agreement with the Pune-based three-wheeler manufacturer Kumar
Motors for financing commercial vehicles.
>> OTHER NEWS
Madhya Pradesh unveils new policy on multiplexes
The Madhya Pradesh government Thursday decided to
grant exemption in entertainment tax and electricity duty to encourage construction of multiplexes
and single screen cinema houses in the state.
Railways soft target of Maoists in Bihar, Jharkhand
With at least three attacks in the past week, the
railways have increasingly become a soft target for the Maoists in Bihar, the home state of
Railway Minister Lalu Prasad.
Zoom Developers to set up hotel management institute
OPEC crude price touches record $106
>> BLOGS
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Infinite Justice The Algebra of Infinite Justice collects all the
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