Page-20 of Companies
Government changes sourcing norms for single-brand retail FDI
In the area of single-brand retail, any firm seeking waiver of the mandatory 30% local sourcing norms would have to establish a manufacturing facility in the country. For new investors, local sourcing was one of the key impediments that had ..
Month: Current Affairs - September, 2012
Government approval to stake sales in four state companies
To further divestment programme, Govt of India cleared stake sales in four state-run companies. The move is expected to give a fillip to the reform agenda. The cabinet approved stake sales in: Hindustan Copper Ltd National Aluminium Co Ltd MMTC ..
Month: Current Affairs - September, 2012
Moody’s slashed India’s Growth projections to 5.5%
Moody’s Analytics slashed India’s growth projections to 5.5 % for the fiscal year 2012-13. It attributed the cut to inaction by government and poor monsoon. Prior to this, CLSA and Citigroup had slashed their growth forecasts for India to 5.4 ..
Month: Current Affairs - August, 2012
Anushka Sharma becomes Brand Ambassador of Unicharm’s Sofy
Bollywood Actress Anushka Sharma has been signed as the Brand Ambassador of Unicharm’s Sofy. Unicharm is a Japanese FMCG company. Sofy is the brand of sanitary napkins from the company.
Month: Current Affairs - August, 2012
M&M, Oriental Bank sign MoU for Personal and Commercial Vehicle Financing
An MoU was signed b/w Mahindra & Mahindra and the Oriental Bank of Commerce (OBC) for personal and commercial vehicle financing.
Month: Current Affairs - August, 2012
‘Jet Privilege-HDFC Bank Credit’: Jet Airways collaborates with HDFC Bank launches credit cards
What is “Jet Privilege-HDFC Bank Credit” ? Jet Airways tied up with the HDFC bank to launch ‘Jet Privilege-HDFC Bank Credit’. This is a range of credit cards which will offer benefits and rewards in the form of JP Miles. ..
Month: Current Affairs - August, 2012
NSE: World’s Largest Bourse
The National Stock Exchange of India (NSE) came up as the world’s largest bourse in terms of the number of trades it made in equity segment for the first 6 months of 2012. The ranking is done by World Federation ..
Month: Current Affairs - August, 2012
GAIL, ONGC ink Swap agreement and Gas Co-operation agreement
GAIL and ONGC inked Swap Agreement and Gas Co-operation Agreement. As per the Gas Co-operation Agreement: ONGC can sale and purchase the gas from GAIL for 3 years Both the companies can supply or sale LNG by GAIL to ONGC ..