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Showing posts with the label Business News

How To: Block SBI Credit Card by sending SMS from your Mobile

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If your SBI Credit Card been lost or stolen, to block the card follow the below process to stop using by others. Now it is very easy process - Just SMS BLOCK XXXX to 5676791 from your registered mobile number. (XXXX = Last 4 digits of your Card number). However, if you do not receive a confirmation SMS within 5 minutes of your request, please call up the help line immediately to avoid any misuse. You can also block your card instantly on our IVR or our website www.sbicard.com Important Note to the SBI Credit Card Customers: Till the time, you receive a card blocking confirmation from SBI Card, any transactions incurred will be treated as a customer liability. For more information, call SBI Card at 39020202 or 1860 180 1290 or visit us at www.sbicard.com Tags: SBI Card block process, via SMS, block SMS process, SBI Credit Card, Help Line, SMS Blocking Process, Step by step, Mobile Banking, Offers, How to block, release

GOSF - Google's 'Great Online Shopping Festival' for Indians

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Get Ready, lets visit 'GOSF.in' website to buy new products with great discounts in this December for Indians. GOSF would start from 11th until 13th December 2013. This time Google is targeting 20 million buyers in India. This is going to be a Mega Festival bringing leading e-commerce players in India on a common platform over Internet. "Backed by the tremendous response last year, this year the mega shopping bonanza will be for three days starting on December 11-December 13," Google India VP & Managing Director Rajan Anandan told reporters here. In its second year, the industry wide initiative will see from leading e-commerce players, classified firms, online travel sites, auto companies, telecom companies, fashion labels, health and well being companies, to banking financial services, he added. With over 200 million Internet users in the country, more and more Internet users are opting to shop online and fuelling the growth of both large multinational...

Celebrate Your Child's Birthday with 'Chhota Bheem Theme Party' & Return Gifts

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Chhota Bheem animated character is now became very famous and popular in India and World. We can say it is a crazy animated character for the kids now those who want to do adventure animated characters. Hence in the market now, if you see everywhere the Chota Bheem charater realted items can found. Like example School Bags, Milk Mugs, Watches, Stickers, Hats, T-Shirts, Shoes, Chappals, Exam Pads, Home Funishings like Small Chairs for Kids, Dining Table Mats etc Green Gold website offering new other products as well. Now we can plan a party with chhota Bheem theme range with below products. These can be bought from the greengoldstore.com webiste online. Super Saver Combo Pack - (1855) - Rs.650 Chhota Bheem And The Throne Of Bali - Masks - Rs.99 Chhota Bheem And The Throne Of Bali Greeting Card- Rs.45 Chhota Bheem Goodie Bag - Rs.25 Dangling Swirls (1817) - Rs.80 Paper Wrist Bands - (1848)- Rs.55 Happy Birthday Poster - (1831) - Rs.75 Paper Cup (1794) - Rs.35 Paper P...

Infosys Share Up Finally 12% today, What would be the Next Target?

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Finally after 12 quarters of struggle Infosys, the IT giant share gone up 12% today after announcing the result for this quarter 2013. At one stage this share touched Rs.2905/- and currently trading constantly at Rs.2810/-. Now traders are looking what would be next target level of Infosys share either could touch Rs.3300/- levels shortly, that is a question arising in the traders mind. In fact, after Narayana Murthy rejoins Infosys, share started getting up every day by day. And expected results are positive as he needs to show his mark now. As like before Infosys might capture the IT market in the coming years.   Tags: Infosys share next traget, can buy shares, why increased, stock market tips, 2013 stock tips, buy sell tips

Gold Price hiked Rs.500 per 10 Grams in Hyderabad Today due to Import Tax

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Government hikes import duty on gold, platinum to 6% today 21st January 2013. Due to this Gold Price has been hiked Rs.500 per 10 grams in Hyderabad today evening. This is a bad news for the gold ornament buyers. 24 Carats 10 Grams 30870 (morning) increased to 31400 (by evening)   22 Carats 10 Grams 30300 (after import tax news) More News from Economic Times: The government today hiked the import duty on gold and platinum to 6 per cent from 4 per cent with immediate effect - a move aimed at curbing imports of the precious metals to check the widening current account deficit. "Government has decided to increase import duty on gold and platinum from 4 per cent to 6 per cent with immediate effect," Department of Economic Affairs Secretary Arvind Mayaram told reporters. He further said the government will link Gold Exchange Traded Fund (ETF) with gold deposit scheme, which will enable mutual funds to unlock their physical gold and invest in gold- linked sch...

'Metropolis Healthcare' to launch new path-labs across Country

Diagnostic chain Metropolis Healthcare Ltd is setting up 15 new laboratories in tier II and tier III cities across India, following the success of its second such lab in Indore. The company is set to invest about Rs 15 crore this fiscal in labs that will be located in cities like Gorakhpur, Jalandhar, Amritsar, Lucknow, Allahabad, Udaipur, Agra, Bhopal, Ranchi, a note from the company said. About a year ago, private equity firm Warburg Pincus had invested up to $85 million in Metropolis, and these funds would support the present expansion. Metropolis Healthcare under its banner will set up these new laboratories in the towns from where they are already collecting samples and have a customer base. But now instead of bringing samples to center’s like Mumbai or Chennai they will be processed in the referral labs itself, the company said. Metropolis recently invested around Rs 50 lakh in its Indore green-field laboratory. The Indore lab is spread across an area of 3000 square feet...

Cognizant (CTS) to buy 'CoreLogic India' centre for $50 m

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US-based software company Cognizant Technology Solutions will acquire CoreLogic India Operations, a captive unit of the US-based CoreLogic, for around $50 million. This will strengthen Cognizant’s offering of end-to-end mortgage services, and also enable new business solution for the mortgage industry. CoreLogic India’s 4,000 associates will become employees of Cognizant at the closing of the deal expected in August. The India centre provides capabilities in software product development, analytical modelling, domain-centric back-office services, and technology support to CoreLogic and its customers, primarily in the US mortgage and real estate markets, according to a Cognizant press release.

RBI raises key policy rates by 50 bps; loans to get costlier

TheReserve Bank of India (RBI) on Tuesday raised repo rate by 50 basis points to 8 per cent and reverse repo to 7 per cent in its policy meet to arrest rising inflation in Asia's third largest economy. The central bank also raised inflation forecast to 7 per cent from 6 per cent earlier. To make sure there is not much of liquidity crunch the bank leftCRR and savings banks rates unchanged. "Considering the overall growth and inflation scenario, there is a need to persevere with the anti-inflationary stance," RBI Governor Duvvuri Subbarao wrote in his quarterly policy review. Inflation for the month of June surged to 9.44 per cent from 9.06 per cent in the month of May on the back of higher prices for manufactured goods and fuel. However in the month of July, inflation showed some signs of cooling off as food inflation for the week ended July 9 came in at 7.58 per cent as against 8.31 per cent the previous week while the fuel price index remained unchanged at 11.89 ...

Indians have much more than $2.5 bn of black money in Swiss banks – An Official Annoucement!

It’s official now — Indians hold about USD 2.5 billion (over Rs 11,000 crore) in Swiss banks, but this figure of Switzerland’s central bank may be a gross understatement of the total wealth directly and indirectly held there by entities from India. The ever-growing judicial scrutiny and political outcry over alleged stashing ofblack money in Swiss banks also seems to be forcing Indian entities to move their monies to other safe havens like the Middle East,Singapore and Mauritius. Some half a billion dollars have been moved out in the last three years, according to the central bank’s figures. In the first-ever disclosure of money held in various Swiss banks by Indians, Swiss National Bank (SNB) has said the quantum of such deposits stood at 1.945 billion Swiss francs (about USD 2.5 billion) at the end of 2010. Giving a break-up of this amount, Walter Meier, the spokesperson for theSNB President, said this included about USD 2.1 billion dollars in the form of savings and deposits...

Mahindra Satyam defers salary hike, incites fears of lay-off

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Software services firm Mahindra Satyam has decided to defer salary increment to employees till October, instead of giving them out in the June quarter as is customary in most IT firms. The company intends to send out letters communicating the revised salaries by September and give the increments effective October 1, according to an e-mail sent to employees by Hari T, chief people officer. "We have still some ground to cover on the operating efficiencies and our business units are working overtime to ensure that we can reach industry norms," the e-mail said. The company's decision has not gone down well with employees. Mahindra Satyam's peers, Tata Consultancy Services, Infosys and Wipro have already revised salaries. According to the e-mailed letter, individual letters reflecting performance ratings and promotions (where applicable) will be communicated to employees on July 31. "We have walked together towards a destination that we know would make us all feel...

List of best FD rates as of 22nd July 2011

Click on the desired tenure for the best rates Bank 91-120 days 120-179 days 180-270 days 271-364 days 1yr - 2 yrs 2 yrs - 3 yrs 3yrs - 5 yrs 5 yrs & above Foreign Banks The Royal Bank of Scotland 5.75 5.75 7.25 7.5 8 7.75 7.75 7.75 Barclays 7.8 7.8 8.5 8.5 8.5 9 8.8 8.8 Deutsche Bank 6.75 6.75 7 7 7.25 7.5 7.75 8 Standard Chartered Bank 7.75 7.75 8.25 8.25 8.25 8.25 8.25 8.25 Citi Bank 7.25 7.75 8.25 8.25 8.75 8.75 8.75 8.75 The HongKong & Shanghai Bank 6.25 6.25 8 8.5 8 7.5 8.5 8 The Bank of Nova Scotia 9 9 9 9 9 9 9 9 DBS Bank 7.75 7.75 9 9 9 9.25 9.5 9.5 Indian Banks - Public Sector Allahabad Bank 7 7 8 8 9 9 8.75 8.5 Andhra Bank 6.75 6.75 8 8 9 8.5 8.6 8 Bank of Baroda 6.5 6.5 7.25 7.5 9 9 8.5 8.5 Bank of India 7 7 8 8 9 9 8.5 8.75 Bank of Maharashtra 6.5 6.5 7.25 7.25 8.55 8.55 8.6 8 Canara Bank 7 7 8 8 9.1 9 ...

RBI likely to hike policy rates

The Reserve Bank of India may hike rates again in the ensuing policy review next week, according to Ms Archana S. Bhargava, Executive Director, Canara Bank. Speaking to newspersons here on Friday, Ms Bhargava said some transmission of rates has to happen if the apex bank preferred to hike repo and reverse repo again.

DoT may soon allow unlimited calls via Internet

Net telephony will open domestic voice market to broadband players like Reliance Infotel. The Department of Telecom (DoT) is considering opening up the Internet telephony segment and allowing unrestricted calls by consumers using their Internet connections. According to senior officials in the department, this may be included in the New Telecom Policy expected to be finalised by November. “We have received representations from the industry and from within the DoT to open up Net telephony. We are seriously looking at how to go about it,” said a top DoT official. The issue was also discussed at a July 13 meeting with Indian Telecom Services officers. In 2008, the Telecom Regulatory Authority of India had made a recommendation to allow unrestricted Net telephony to all operators including Internet Service Providers (ISPs), without imposing any additional entry fee or licence charges. However, the DoT had rejected the proposal at that time on grounds that it would disturb the leve...

Bharti Airtel hikes Pre-paid Mobile Tariffs - Advantage & Freedom Plans

Market leader Bharti Airtel has increased its pre-paid mobile tariffs by 20 per cent, indicating an end to the cut-throat price-cutting seen in the market over the last 18 months. The operator has hiked tariffs on two plans — Advantage and Freedom — for calls and SMS' sent within the Airtel network. Users of the Advantage plan will now have to pay 60 paise instead of 50 paise per minute for local and STD calls and 90 paise for calls to landlines. In addition, subscribers will be charged Re 1 and Rs 1.50 for local and national SMS respectively. Existing users will have to pay the new rates after the validity of their existing vouchers end. Subscribers of the Freedom plan will be charged 1.2 paise for local and STD calls on mobile compared to 1paise at present. The new tariff structure will be effective in the Delhi, Rajasthan, Gujarat, Andhra Pradesh, Kerala and Madhya Pradesh telecom circles. There is no change in any other tariff plan as of now. “Telecom is probably the only...

Are the Mumbai blasts going to affect Stock Market tomorrow? 14th July 2011

Are the Mumbai blasts going to affect Stock Market tomorrow? i.e, 14th July 2011. This is million dollar question in every one's mind now. Definitely this blasts show some impact on the stock market tomorrow. Might be starts with red, based on the conditions, turn to green. However we have to wait and see how it goes tomorrow. This is anyways not new to markets, hence tomorrow market based on USA/UK markets close as well.

DDA to offer low-priced flats (LIG, EWS in Dwarka, Sector 23 & Rohini, Sector 35) LIG Flats Price Range between Rs.10-19 Lakh

NEW DELHI: Didn't get allotment under Delhi Development Authority's recent housing scheme? Here's something to cheer about. The land agency is constructing 22,000 lower income group (LIG) flats in Rohini and Narela and 19,000-odd flats for the economically weaker sections (EWS) in Rohini , Dwarka and Narela. In a first, the agency is using the prefabricated technique to construct these housing complexes . The technique ensures that the pre-casting of walls, columns and assembling of flats takes place at the site itself. While the work on the EWS project in Rohini and Dwarka is underway, construction of the LIG flats is yet to take off. "By using the pre-fabricated technique, known as 3S technology (strength, safety and speed) we will be able to ensure speedier construction of flats that are cheaper and environment-friendly . A plant will be set-up for pre-casting concrete walls, columns, beams etc at various sites,'' said DDA spokesperson, Neemo Dhar. Both ...

'Infosys to hire 12000 to 45000 employees' in Q2 (Year 2011-2012 Target)

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India’s largest software exporter and second largest IT company in India, Infosys to add 12000 more employees to its workforce. As the company is expecting more profit in the coming quarter also wanted to increase its manpower to tackle the needs. The IT field booms to new height and the companies are expecting more people to be added in their headcount. “We are looking at a gross addition of about 12,000 in our workforce and we are continuing with yearly target at 45,000 people,” Infosys CEO and Managing Director S Gopalakrishnan said on Tuesday. Infosys handling its business with 1.33 lakh employees currently and net profit for the first quarter had ended up with 1722 crores. In April, we said the margins in Q1 could come down by around four percentage points and actually it came down by three percentage points. The main impact was on account of an increase in offshore wages by 10-12 per cent and onsite by 2-3 per cent,” Infosys Member of the Board and Chief Operating Officer...

HDFC Bank launches new credit card with no pre-set limit on spending

The country’s second-largest private lender, HDFC Bank today launched an exclusive credit card with no pre-set limit on spends. “The card is positioned directly against American Express and we believe it is a better product,” the bank’s Managing Director, Aditya Puri, said, pointing to the entrenched competitor serving the high-net category. The bank will be issuing 5,000 of the credit cards christened Infinia, which come with a slew of privileges through partnerships, to its wealth management customers to start with on the basis of their networth and financial dealings history. The bank management, however, declined to give details like the networth cut-off which will make a customer eligible. The card’s annual fee will be Rs 30,000 while the bank will charge an interest of 1.99 per cent per month and levy a two per cent foreign currency fee. “We have the largest network of merchant terminals across the country acquired by ourselves. The unique difference from others serving...

IBM to provide Infrastructure Support to Bharti Airtel in Africa (16 Countries)

World's fifth largest telecoms company Bharti Airtel gave a 10-year contract to tech giant IBM for providing IT solutions to its employees in 16 countries in Africa, the telco said in a statement on Tuesday. IBM will provide end-user services to Airtel employees across Africa in French and English apart from help desk oriented support that will enhance employee efficiency and convenience. The company will also implement and maintain standard operating environment, using state of the art platforms, tools and management processes. Either company did not disclose value of the contract that was signed in the first quarter of 2011. The consolidation of airtel's helpdesks is expected to bring about greater cost savings and efficiencies through streamlining of the processes for addressing IT operational issues. Airtel currently has over 44 million customers across 16 African operations and is targeting 100 million by 2015. The announcement builds on the strategic partnership a...

Cisco Systems to eliminate 14% workforce soon! - Around 3,000 Workers by end of August 2011

Networking equipment company Cisco Systems Inc could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to revive profit growth, Bloomberg said, citing two people familiar with the matter. As many as 7,000 jobs would be eliminated by the end of August, the people told the agency. Cisco is also providing early-retirement packages to about 3,000 workers who took buyouts, according to Bloomberg. Early on Monday, Reuters reported that Cisco may slash about 5,000 jobs to meet Chief Executive John Chambers' goal of slashing costs by $1 billion. Reuters had cited Gleacher & Co analyst Brian Marshall . A Cisco spokeswoman told Reuters on Monday that the company will provide details on cost reductions, including layoffs, during its earnings call on Aug. 11. Cisco was not immediately available to comment on the Bloomberg report late on Monday. Cisco shares closed down about 2 percent at $15.43, in a market that was broadly lower due to concerns about the U....