Page-45 of 2012

Banks to introduce new CTS-2010 by December 31, 2012

November 14, 2012

Banks all over India are in the process of issuing fresh-look cheques with more security and standardized features to all its customers by December 31, 2012. From January 1, 2013, cheques which do not conform to CTS-2010 standards would not ..

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Disinvestment of 10% stake in HAL, approved by govt

November 14, 2012

The Cabinet Committee on Economic Affairs (CCEA) has approved divestment of 10 per cent equity in HAL out of its holding on 100 per cent through an Initial Public Offer (IPO) in the domestic market as per the SEBI rules ..

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IIP goes down by 0.4 % in September 2012

November 14, 2012

In September 2012, the Index of Industrial Production (IIP) declined 0.4%, mainly on account of a poor show by the capital goods and consumer durables sectors, which contracted 12.2% and 1.7%, respectively, implying a slowdown in investment activity and demand. ..

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British Tax authorities probing charges against HSBC

November 14, 2012

The British tax authorities launched an investigation into allegations of money laundering against HSBC. HSBC Bank has been accused of opening offshore bank accounts in Jersey for serious criminals living in Britain. This move from British Tax authorities came after ..

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Arvind Kejriwal: HSBC Bank running ‘hawala’ (money laundering) transactions

November 14, 2012

India Against Corruption (IAC) charged HSBC Bank with unning ‘hawala’ (money laundering) transactions. IAC members alleged that Mukesh and Anil Ambani among others, had crores of rupees sitting in Swiss banks.   Those named were part of the list of 700 ..

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Chips made of Carbon Nanotubes to replace silicon chips soon

November 14, 2012

Researchers have developed a new technique to mass produce much tinier and faster carbon nanotubes that can replace silicon chips in computers. It could be possible to replace silicon with carbon nanotubes in manufacturing computer chips. It use would make ..

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McCain Foods appoints Karisma Kapoor as its brand ambassador for India

November 14, 2012

McCain Foods India Pvt Ltd, makers of frozen French fries and potato specialty products, has announced Karisma Kapoor as its first brand ambassador in India.

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U.K. halts further aid to India

November 13, 2012

Buckling under mounting domestic pressure, the British government declared stop to additional financial aid to India but all existent commitments until 2015 would be honored.  The move would save Britain over £200 million over the next three years. Britain’s new ..

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