Bharti Airtel has partnered with Axis Bank to use combined forces of telecom and banking to offer financial inclusion (FI) to thousands of Indians who still don’t have any access to banking. Called Airtel Money Super Account powered by Axis Bank, the mobile platform will be powered by Airtel
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Government of India yesterday released the amount of Foreign Direct Investment received by India in Financial Year 2011-12. In last 2 years, FDI had show significant drop as compared to 200-09 when flow of foreign money in India was at its peak. In FY 2011-12, FDI increased by 46.4
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Gartner today released report on the performance of top 5 Indian IT / software services companies. The top 5 registered a cumulative growth of 23.8 percent in FY 2011, as compared to a average growth of 7.7 percent by their global peers. Among the top 5 companies, Cognizant registered
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Do you know how many Indians pay Taxes and how much? You would be surprised with some of the numbers. According to the report released by Indian Finance Ministry, estimated number of taxpayers for financial year 2011-12 stands at just 3.24 Crore people. That means, less than 3 people
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Here are the Funding and M&A deals happened in India for the fortnight starting April 9th 2012. Funding, M&A Deals of the fortnight [Apr 9th to April 22nd 2012] Funded Company / Acquired Company Deal Type Who Funded / Who Acquired Funding Amount Remarks eDabba.com Series A Satyendra
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Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but RBI surprised them all by being aggressive. The repo rates
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‘Constant Connectivity’ is one of the defining characteristics of modern India, where rapid advancement in consumer technology, mobile connectivity and increased awareness have significantly altered the way we consume information or connect with each
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Did you know that Goa has the highest per capita income in India and on the other hand Uttar Pradesh has the lowest! Ok, if you are confused about what Per Capita income is – here is a short and simple answer. Per capita income is a unit to
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As a shareholder how many times have you actually bothered to sift through companies’ annual reports packed with data, numbers, facts, information? Unless you are a Chartered Accountant, a Finance professional or someone who holds deep interest in business, it’s unlikely that you will take time out to go
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Few days back we did Top 5 Budget expectations based on our own analysis. Assocham yesterday released findings based on a survey done of 500 employees from different sectors and different cities. As is expected, majority of them expect raise in the exemption limit, reduction in tax rates &
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