| |
|
| |
Financial Technologies buys UK-based ACE Group |
|
| |
Financial Technologies has bought a significant equity stake in UK-based Audit Control & Expertise Global Limited (ACE) Group, a global credit support organisation providing collateral control, field audits, inspection, monitoring and financial structuring services in the commodity trade and finance sector.
|
| |
|
| |
Boom over: India's infrastructure growth plunges |
|
| |
After the hyped-boom period, India's growth has begun to fall, drastically. Growth in key infrastructure industries plunged to 2.3 per cent in August this fiscal from 9.5 per cent a year ago. |
| |
|
| |
SCI to buy four capsize ships |
|
| |
Capesize ships are cargo vessels too big to transit the Panama or the Suez canals, and must go around either the Cape of Good Hope or Cape Horn. These vessels typically have a cargo-carrying capability of 1 lakh tonnes. |
| |
|
| |
RGIA handles record cargo |
|
| |
Rajiv Gandhi International Airport (RGIA) here has logged an 80 per cent growth in the handling of international cargo last month. RGIA handled a total of 3,570 tonnes of international cargo in September 2008. |
| |
|
| |
NMCE gets new corporate identity |
|
| |
India’s first online demutualised commodity bourse, the National Multi-Commodity Exchange (NMCE), has got a new corporate identity. On Wednesday, Forward Markets Commission (FMC) Chairman B C Khatua unveiled the new-look logo of NMCE. |
| |
|
| |
Plunging markets: 'India will weather the storm' |
|
| |
There is a storm blowing across the world. India will be affected to some extent, although indirectly, but Indian business and industry have placed India in a situation where we can weather the storm, says Finance Minister P Chidambaram. |
| |
|
| |
Commodity broking to get foreign investment nod |
|
| |
Indian government has finally decided to allow foreign investment in commodity broking business. The Ministry of Finance has approved in-principal the proposal to allow 100% foreign direct investment in commodity broking business.
|
| |
|
| |
Banking Lessons: A banker should be a banker |
|
| |
"A banker can only be a banker. If he tries to be something else, we will face the same crisis as the US and Europe are facing today. bank has to be a bank. And the bank can only be a bank if money that is lent comes back to the bank," says Finance Minister P Chidambaram. |
| |
|
| |
Railways denies increase in freight charges |
|
| |
Indian Railways on Friday categorically denied reports of any increase in freight rates. |
| |
|
| |
Maersk Line resumes operations to Iraq |
|
| |
Maersk Line has resumed vessel movements to war-torn Iraq which was suspended due to security concerns and logistical problems. |
| |
|
| |
Reliance, Kotak set to start commodity exchanges |
|
| |
Equities may be down as global financial markets are caught in an unprecedented crisis. But commodities futures trading is set to fly higher in India. The country will soon see the birth of two new commodity exchanges. |
| |
|
| |
Large investments required in warehousing: Baalu |
|
| |
Large investments are required in warehousing infrastructure in order to provide dynamism and efficiency in agricultural marketing, according to T R Baalu, Union Minister of Shipping, Road Transport and Highways. |
| |
|
| |
Reliance Money to foray into investment banking |
|
| |
Investment banks in the United States may be collapsing like ninepins. But Indian companies are going ahead with forming new investment banks. On Tuesday, the Anil Dhirubhai Ambani Group Reliance Money announced its foray into the investment banking sector. |
| |
|
| |
Why Indian ports love POL? |
|
| |
Petroleum, Oil and Lubricants (POL) along with other liquids were the major contributors to increased commodity traffic through India's major ports.Other liquid cargo trafficsaw a whopping rise from 25.39 %in FY 2006-07 to 66.9 % in the last fiscal. |
| |
|
| |
Maersk Line appoints new chief for India |
|
| |
Rizwan Soomar, Country Manager, Egypt of Maersk Line, has been named the Country Manager for India and Srilanka prior to taking over as the Managing Director of Maersk India Pvt Ltd in December. |
| |
|
| |
Agility to provide total logistics solutions to KNPC |
|
| |
Agility, the global logistics company will provide total logistics solutions for Kuwait National Petroleum Company at a cost of $12 mn as per a contract signed between the two companies.
|
| |
|
| |
Foster inclusive growth through agrarian reforms |
|
| |
India should have policies that encourage investment in rural areas as 68 percent of the country lives in villages, according to Indra K Nooyi, Chairman, PepsiCo. Fostering inclusive growth is possible only through agrarian reforms, she said.
|
| |
|
| |
Retail boom, a boon for farmers? |
|
| |
Corporate entry into agriculture could find an answer that has been plaguing the farm sector for long — proper and affordable price to the farmers. The common perception that private sector will exploit smallholders is slowly changing. |
| |
|
| |
Rural banking: Field day for Indian banks |
|
| |
Indian banking industry has realised that it needs to reach out to rural and inaccessible areas using the latest technologies available if the policy of financial inclusion is to have any meaning thereby saving farmers from the clutches of moneylenders. |
| |
|
| |
Record revenues from freight traffic for Railways |
|
| |
The Indian Railways have generated Rs.21499.66 crore of revenue earnings from freight traffic during April-August 2008 as compared to Rs. 17943.23 crore during the corresponding period last year, registering an increase of 19.82 per cent. |
| |
|
| |
Approval to amend APEDA Act |
|
| |
The registration of Basmati Rice, etc. as a Geographical Indication under the Geographical Indications of Goods (Registration and Protection) Act 1999 can be initiated and APEDA can effectively protect the Geographical Indication in India and abroad. |
|
Gold
