Archive for the ‘Corporate Business & Economy Section’ Category

COSCO acquires OOCL

The China Ocean Shipping Company (COSCO), a government-owned company of the People’s Republic of China is in process of acquiring the Orient Overseas Container Line (OOCL), a Hong Kong based global shipping company. The 6.3 Billing USD acquisition is said to make COSCO the third largest global container shipping company (in terms of market share). […]

Biggest Container Vessels in the World,the Maersk Triple E Class set to sail soon.

400 metres long, 59 metres wide and 73 metres high, the Maersk  Line’s Triple-E class container superships will be the biggest vessels afloat when the first of the 20 planned Vessels enters service in July, with a capacity of 18,000 20-foot boxes.These  20 new vessels will be deployed on the vital Asia to Europe trade. […]

Maharashtra Govt. firm on LBT,shutters down in Mumbai.

Industry bodies had been vociferously demanding scrapping of octroi that allegedly lacked transparency and affected movement of goods. The government has already replaced it with LBT in many cities, but not in key cities such as Mumbai, Pune and Pimpri-Chinchwad. In Mumbai,the Brihanmumbai Municipal Corporation’s plans to bring in Local Body Tax (LBT) system by […]

Kingfisher Airlines takes a Dive.License Suspended.

Kingfisher Airlines,the Airline which had once gained a reputation of being a Premium Airline in India, has recently been suffering severe Losses.The Airline seems to be unable to write-off its gigantic Monetary Liabilities.The Inability of the Airline to forecast such a situation had raised Suspicion among the Aviation Authorities about the Efficiency and Business Ethics […]

Indian Oil Payments to Iran in Trouble.

India buys 370,000 barrels per day of crude oil  from the world’s fourth-largest oil producer,Iran with a cost of  about USD 1 billion every month through Turkey.However, India may face problems in making payments for crude oil it buys from Iran because of recent moves by the US to curb Tehran’s nuclear programme.Routing payments through […]

India,Pak to Trade in Power,Fuel.

Leaving Petty differences in the Past,India & Pakistan now seem to be on the  path of enhancing their trade & Co-operative relations with each other.Both the Countries are entering into an Agreement to exchange Power & Fuel in a hope to boost the Bilateral trade. The two countries have decided to trade in electricity through […]

You can now directly Invest in Indian Share Markets

On Sunday,the 1st of January,2012, A pleasant surprise came from the Indian Government as a New Year’s Gift to Investors all over the world. India has now allowed foreign individual investors, pension funds and trusts to directly invest in equities.However,this had been predicted earlier.The Situation up till now looked troublesome as Foreign Investors were withdrawing […]

Economy in trouble,Rupee hitting new lows.

The Rupee hit yet another record low on Wednesday as worse-than-expected inflation data and the U.S. Fed’s decision to hold back on new stimulus steps heightened fears that capital outflows from emerging economies such as India could accelerate. The rupee closed at 53.71/72 to the dollar after briefly hitting an all-time low of 54, which […]

The United States of America raises Debt Ceiling.

The U.S Economy,still burdened with Recession & the ever increasing expenditure on overseas War Operations forced  The U.S. House of Representatives to  pass a  a bill to raise the country’s debt ceiling in exchange for cuts in government spending – one day ahead of a potential default on America’s $14.3 trillion national debt. U.S. President Barack […]

Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited (BHEL) is one of the old and largest engineering and manufacturing enterprise in India in the energy-related and infrastructure sector which includes Power, Railways, Telecom, Transmission and Distribution, Oil and Gas sectors and many more. It is one of India’s nine largest Public Sector Undertakings or PSUs, known as the Navratnas […]

The TATA Power Company

Tata Power have set the momentum of growth in India.India’s Largest Private Power Producer,TATA Power Provides Sustainable energy to millions of Indians. TATA Power Company first came into existence with the Amalgamation of Tata Hydroelectric Power Supply Company and Andhra Valley Power Supply Company (1916). Today,it has an an installed generation capacity of over 2670 […]

The Aditya Birla Group

A US $29.2 billion corporation, the Aditya Birla Group is in the league of Fortune 500. It is anchored by an extraordinary force of 130,000 employees, belonging to 30 different nationalities. In India, the Group has been adjudged “The Best Employer in India and among the top 20 in Asia” by the Hewitt-Economic Times and […]

Larsen & Toubro.It’s All About Engineering!

Larsen & Toubro (L&T) is a technology-driven USD 8.5 billion company that infuses engineering with imagination. We offer a wide range of advanced solutions, services and products.L&T has an international presence, with a global spread of offices, factories and offices located around the country, further supplemented by a comprehensive marketing and distribution network. L&T’s engineering & […]

The Reserve Bank of India

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are […]

UltraTech Cement merger with Grasim cement arm.

After demerging the cement business from Grasim Industries, the Aditya Birla group has decided to merge the new cement subsidiary with group firm UltraTech Cement Ltd. Grasim Industries’ decision to restructure its cement assets into a separately listed entity, with the ultimate aim of merging it with UltraTech’s cement business, is seen in a positive […]

The Indian Economy set to Rise

At Recessionary times ,when even the Economies of developed nations struggled to survive,Indian Economy,despite being a developing country,managed to sustain the inflation.Almost none of the Indian Companies were severly affected.The Regulations & Policies deployed by the Government combine with stimulus packages aideie the Economy to Fight the Recession.Compared to other Economies,only few jobs were lost,which […]

The New York Stock Exchange

The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, New York, USA. It is the largest stock exchange in the world by United States dollar value of its listed companies’ securities. As of October 2008, the combined capitalization of all domestic NYSE listed […]

National Stock Exchange of India

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market […]

The Bombay Stock Exchange(BSE)

The Bombay/Mumbai Stock Exchange Limited is the oldest stock exchange in Asia and has the greatest number of listed companies in the world, with 4700 listed as of August 2007. Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now spanning three centuries in its 133 years of existence.What is […]