Joseph Stiglitz warns against giving banking licences to corporates in India
Nobel laureate Joseph Stiglitz has cautioned against giving corporations the ability to own banking licences in India and said that doing so would mean...
BSE benchmark Sensex jumps to 133 points – Highest since 2011
After a decision by the US Congress to avoid a 'fiscal cliff' the Bombay Stock Exchange (BSE) benchmark Sensex has jumped by 133 points...
Apple CEO Timothy Cook took home pay worth $4.17 million in 2012
Timothy D. Cook, who took over as the Chief Executive Officer of Apple post Steve Jobs’ untimely death, received $4.17 million compensation in 2012....
Indian PSU bank unions warn of potential strike in December
Employee unions of four Indian banks have threatened that they would go on strike on December 20, 2012. The strike would be in protest...
Indian Railways fares to be increased to stabalize economy
Despite the increase in the number of passengers on various routes of the Indian railways, the service in the trains remain clogged. The maintenance...
RBI announces banking facility for joint account holders in India
The Reserve Bank of India (RBI) has told all banks to allow depositors to use the nomination facility if they intend to avail the...
Kansai Electric applies for hike in electricity rates in Japan
Japanese based electric utility company Kansai Electric Power company (KEPCO) has filed an application on November 26, 2012, to increase the electricity rates in the...
Malaysian mutual fund launches 6 private retirement schemes
Six private retirement scheme (PRS) funds have been launched by the mutual fund Public Mutual Bhd, in Malaysia. The new schemes consists of three...
Roppongi Hills continues its collaboration with MasterCard to help orphans
Japan’s integrated property development firm Roppongi Hills is continuing its collaboration with MasterCard Worldwide. It will be doing this with the help of the...
Cadbury India being investigated for tax evasion
The Indian Minister of State for Finance said on November 22, 2012 that the authorities in India are investigating a local unit of the...
