State-owned oil retailers  raised ATF  price by 2.44 per cent in step with firming global rates. Jet fuel, or ATF, rates in Delhi were raised by Rs 961 per kilolitre, or 2.44 per cent, to Rs 40,268 per kl with effect from midnight, The rate hike comes on back of a 3.5 per cent increase [...]
NSDC makes first disbursements to BASIX Academy for Building Lifelong Employability (B-ABLE) GJEPC Meeting India’s demand for skilled labour through private sector participation, says Subbiah The National Skill Development Corporation (NSDC) made its first disbursements in New Delhi. The NSDC Chairman, Mr M.V. Subbiah, said, “Basix Academy and Gems and Jewellery Export Promotion Council (GJEPC) [...]
ADAG group firm Reliance Venture Asset Management announced that it has entered into an agreement with Massachusetts Institute of Technology (MIT) for the 2010 edition of the college’s entrepreneurship competition. The MIT $1,00,000 is an entrepreneurship competition that awards over USD 350,000 in cash and prizes, including USD 100,000 in cash for the grand prize, [...]
India’s largest telecom service provider BSNL has launched EVDO data card to provide high speed internet everywhere in India. The service has been possible due to the recently launched 3G network in India. And, BSNL has thus become the first company to launch that service. However, the service will be available initially in some selected [...]
The Cabinet on Thursday approved an amendment to the Gratuity Act to raise the ceiling from Rs 3.5 lakh to Rs 10 lakh. The Bill to amend the Act will now go to Parliament Every salaried person, who has completed five years of government or private sector service, is eligible for half a month’s salary [...]
After IIM Ahmedabad  and  IIM Calcutta  now  IIM Kozhikode (IIM-K) has decided to make a major change in its selection process with 40 per cent reduction in weightage to the CAT scores this year. “Last year, the weightage to CAT scores during selection process was 90 per cent which has been reduced to 50 per [...]
Shriram Automall India Ltd., a subsidiary of Shriram Transport Finance Co. Ltd., launched two new initiatives that will provide organized trading facilities to the small truck operator for the first time to motivate them to replace their old truck faster. Shriram One Stop, a computerized touch screen kiosk which will be a virtual Truck Bazaar, [...]
AFII has joined a French Consortium developing luxury hotel projects in France and Belgium. AFII Corporate Advisors Limited, an Indian boutique investment bank, will be supporting investments into the projects being adopted by the group that include some prime assets in France and Belgium with current projects of over €500 Mn. AFII intends to tell [...]
Nothing can be better for geek to finds a ‘technology museum’ with a wide range of products under one roof. Panasonic, the global technology leader, launched its first experience centre–Life Scape–in Gurgaon to highlight its technology expertise and innovation across product categories. Consumers will experience a chronological journey of the company’s past, present and future [...]
An industry chamber has demanded changes in the guidelines of Securities and Exchange Board of India (SEBI) for easy creation of more stock exchanges to bring in greater competition in capital markets through wider participation of SMEs and retailers. Assocham said the new exchanges would also ensure better price discovery to investors, specifically retail investors, [...]
