Ravi Ruia quits as Chairman of Essar Energy

by: admin - December 21st, 2011   Filed under: Business News Add Comment

Essar Energy Ravi Ruia 300x195 Ravi Ruia quits as Chairman of Essar EnergyAfter alleged by CBI in 2G Scam, Ravi Ruia, chairman of Essar Energy, now has maed an announcement to step down from his post.

The Essar Group Company release a report and said that The decision was taken voluntarily following allegations by India’s Central Bureau of Investigation (CBI) that Ruia, certain other executives of the Essar Group, and Essar Teleholdings Limited.

Now Ruia will continue as a director of the London-listed Essar Energy, part of the FTSE 100 benchmark index. The company was listed in 2009.

The company added in release, “There are no charges of bribery or corruption or collusion with public servants (as compared to the other prosecutions being pursued in the 2G spectrum scam).” Read More

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Katrina Kaif is the most searched Indian Celebrity: Google

by: admin - December 19th, 2011   Filed under: Business News, Entertainment News

Katrina Kaif 150x150 Katrina Kaif is the most searched Indian Celebrity: GoogleRecent reports state that Bollywood actress Katrina Kaif has been named as the most searched person online in India in 2011. The results were issued by search engine major Google.

The Britain-born Indian actress won the race leaving behind anti-corruption activist Anna Hazare.

Meanwhile, the study report was issued by Google with the topics and persons that Internet users in India searched the most in this year.

However, Anna Hazare tops the list in the category of ‘Fastest Rising People’, it is the list that includes person that have increased interest of Internet users. Kingfisher model Poonam Pandey is the second in that list. Read More

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Rupee drops 36 paise against UD dollar

by: admin - December 19th, 2011   Filed under: Business News

indian rupee 300x192 Rupee drops 36 paise against UD dollarAs per the latest business news, the Indian currency further drops 36 paise against the UD dollar and reached the mark of Rs 53.06 per US dollar in early trade Monday.

Further, the fall is considered after the quick gains recorded by the American currency against other peers overseas among the fewer opening in the local equity market.

On the other hand, the Indian currency has recorded a sudden gain of 94 paise to close at Rs 52.70/71 as compared to the US dollar in the earlier session on fresh selling of the United States currency after the Reserve Bank of India (RBI) took steps to slowndown the fall of the Indian currency. Read More

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“No need to worry over fall in rupee”, says Narayana Murthy

by: admin - December 17th, 2011   Filed under: Business News

narayana murthy “No need to worry over fall in rupee”, says Narayana MurthyWe are aware of the present situation of Indian currency in the international market. Indian rupee is weaker now as compared to US dollar.

But, after the regular fall in the value of rupee, IT major Infosys ‘ founder N R Narayana Murthy said it should not be seen with negativity.

While talking to media in an interview, Mr. Murthy said, “Value of rupee keeps fluctuating. This is normal. At some point of time value of Rupee was at 39 against a dollar …”

Infosys’s co-founder was talking to media on sidelines of award function organized by Indore Management Association where he was awarded with ‘Lifetime Outstanding Achievement Award’.

Further addressing to media, he said, international economic scenario is not in better position as developed economies are not doing their level best. Read More

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Select your phone number plan extended

by: admin - December 17th, 2011   Filed under: Business News

BSNL mobile number 257x300 Select your phone number plan extendedIn a recent reports, it is announced that the Telecom major Bharat Sanchar Nigam Limited has extended the ‘Choose Your Mobile Number’ plan to all other parts of the country.

According to reports, the chairman and managing director of the public sector company, Mr. RK Upadhyay, inaugurated the plan, CYMN, allover the nation at a function held here on Friday.

Further, the telecom major BSNL rolled out the new plan in Andhra Pradesh on November 1 which drew great response from customers crosswise the state which forced the telecom major to launch the plan across the nation.

Ina statement issued by the CYMN, a customer can select any of the one lakh phone numbers available on the BSNL website or by sending a simple text message to 53734 from his handset. Read More

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Petrol price hike on hold till New Year

by: admin - December 17th, 2011   Filed under: Business News

petrol hike 300x225 Petrol price hike on hold till New YearAs per the recent reports, the state-operated oil marketing firms has announced that they will not increase the petrol price after the political parties nudged them to wait for 15 more days to see the results of RBI’s steps to stem rupee fall.

Meanwhile, oil firms review oil prices on the 15th and 30th of every month. On Thursday, oil companies once decided to increase the petrol prices by 50-60 paise per liter.

The decision on not to hike the petrol prices came after oil minister S Jaipal Reddy met finance minister Pranab Mukherjee, to discuss talks on the fall on rupee.

The agreement vision was that the oil firms should wait for some more time to see the RBI’s steps to arrest the rupee’s fall. The oil firms are likely to take a call on raising petrol price on New Year. Read More

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Sony rolls-out tablet S and P in India

by: admin - December 16th, 2011   Filed under: Business News, Technology News

Sony Tablet S P Promo 300x200 Sony rolls out tablet S and P in IndiaSony company that is always known for its attractive look and high speed facility, is now jump into tablet market by launching its 3G Tablet S and Tablet P series.

After Apple, the Sony is the big name of company who introduce Google’s Android powered Wi-Fi-enabled tablets.

In fact, Sony has launched its tablet S and P devices model in India and the price fixed on it is starting from Rs 29,990.and there are so many customers in tablet market who awaited such models, so by taking advantage of it, Sony is easily get the attention of market by its attractive look and hardware facility. Read More

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BMW rolls-out 20,000th car from Sriperumbudur plant

by: admin - December 16th, 2011   Filed under: Business News

For Indian richer, there is good news that the new 20,000th car of BMW has launched Sriperumbudur where its manufacturing facility situated.

In fact, BMW who is the parent company of most famous Rolls-Royce Motor Cars started its line in 1917. It is invention of Germany, and known as German automobile, motorcycle and engine manufacturing company.

From March 2007, Germany luxury car manufacture launched its business in India by setting up its plant at Sriperumbudur. Read More

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TRAI warns mobile operators for delay in number portability

by: admin - December 15th, 2011   Filed under: Business News

There are two Telecom companies whose names are to be enlisted in the violating of MNP norms. The Telecom Regulatory allegedly Authority of

India (Trai) has taken legal action against two largest companies of telecommunication, Bharti and Vodafone, for ruling out the mobile number portability (MNP) norms.

A Trai official informed, “We have received their (Bharti and Vodafone) responses. The matter is under examination. After analyzing, we will decide our course of action.”

From November 25, 2010, because the MNP service was made nationwide, and all phone users were allowing to use any operator without changing numbers. Read More

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Rupee reaches record high of Rs 54.34 per US dollar

by: admin - December 15th, 2011   Filed under: Business News

The Indian economy has continuously sloped down as result of high inflation and downing the economy slope.

Today from a fresh report, the Indian rupee value has gone fall by 61 paise to Rs 54.32per US dollar. The rupee has fallen over 18 per cent from July.

According to the money lender and stock holder, it is for the first time in history that the value of rupee per dollar is going to be depreciated and reaching above at the Rs 54 per dollar mark. Read More

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