Page-23 of Companies

2012 World Business and Development Award to “ITC” at Rio+20

June 23, 2012

ITC Limited bagged the 2012 World Business and Development Award at the Rio+20 UN Summit at Rio de Janeiro, Brazil. · The award has been conferred on ITC in recognition to ITC’s transformational rural initiatives in social and farm forestry ..

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Government rejects Fitch ratings

June 23, 2012

Lashing out at global rating agencies for reducing credit outlook of Indian banks, the government held these bodies are fully capitalized and there is nothing to worry about them. Finance Minister Pranab ruled out the Fitch revision enunciating that the ..

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Genpact’s Tyagarajan “Tiger” tops the salary circuit with $8.8 million pay package

June 21, 2012

With a salary amounting to Rs 49 crore or $8.8 million, the CEO of Genpact, NV Tyagarajan, was the highest-paid chief executive in India’s IT services and BPO industry in 2011. Tyagarajan who is popularly known as ‘Tiger’ got a ..

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Govt initiates 10% stake sell off in Nalco

June 19, 2012

The government has started the process of 10% stake sale in National Aluminium Company Ltd (Nalco, based in Bhubaneshwar) which may enrich the exchequer  with around Rs 12,000 crore. Nalco is also thinking over to come out with a fresh ..

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Govt to open Nuclear Energy Sector for FDI

June 13, 2012

Government will open nuclear energy sector to foreign direct investment (FDI). India expects to attract foreign investment of over $100 billion in nuclear energy in the next 20 years. One-fourth of the above investment is expected to come from France. ..

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SBI violates RBI norms on RIL loans

June 12, 2012

SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to Reliance Industries Limited (RIL). It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities ..

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Government integrates LLP with MCA

June 12, 2012

The government merged e-Governance project for Limited Liability Partnership (LLP) under the portal of Ministry of Corporate Affairs (MCA) The merger will provide for all state of the art services like credit card payment, online banking from six banks, payment ..

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K-SWAN to link public offices in Kerala

June 8, 2012

K-SWAN: Kerala State Wide Area Network. With an aim to provide much efficient e-Governance, the Govt of Kerala has decided to start Department-WAN which will link department offices with the Kerala State Wide Area Network. Subsequent to its implementation Departments ..

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