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ASBA mandatory for non-retail investors from May 1: SEBI

ASBA mandatory for non-retail investors from May 1: SEBI

CB Bhave presided over his last board meeting as the chairman of the Securities and Exchange Board of India on Monday. As was expected, the big decisions on the Takeover… Read more »

Iran, India sign oil deal, avoid US

Iran, India sign oil deal, avoid US

New Delhi agreed to set up a payment mechanism for Iranian crude oil through a German bank, a source in the Indian finance ministry said. Tehran was selling crude oil… Read more »

Fly to low-Orbit space by 2012

Fly to low-Orbit space by 2012

A Colorado company’s space plane could carry astronauts into low Earth orbit in a test next year, NASA says. The space agency, Sierra Nevada Space Systems of Denver and the… Read more »

Spectrum scam unearthed in ISRO

Spectrum scam unearthed in ISRO

Taking note of reports that CAG is investigating the loss of nearly Rs 2 lakh crore in the allotment of scarce S-band spectrum, BJP on Monday asked Prime Minister to… Read more »

RBI to add 72,000 more villages with banking services by 2012

RBI to add 72,000 more villages with banking services by 2012

The Reserve Bank of India (RBI) has asked all the commercial banks to take banking services, in any form, to 72,000 uncovered villages in India by 2012, a top bank… Read more »

AOL buys Huffington Post

AOL buys Huffington Post

The New York Times reports a mega media merger — the marriage of TheHuffington Post and AOL.Huffington Postwhich began in 2005 with a meager $1 million investment and has grown… Read more »

IOB sees $45 billion business

IOB sees $45 billion business

The Indian Overseas Bank hopes to increase its business volume to Rs.2.50 lakh crore by March 2011. ‘We are targeting Rs.2.50 lakh crore business by March. Now, it stands at… Read more »

Vizag Steel keen to acquire NINL

Vizag Steel keen to acquire NINL

Public sector Rashtriya Ispat Nigam Ltd (RINL) said it was keen to acquire Neelachal Ispat Nigam Ltd (NINL) in Orissa saying it had both domain knowledge and superior technology. “We… Read more »

Software, IT firm seeks extension to tax exemption under STPI

Software, IT firm seeks extension to tax exemption under STPI

The Indian IT industry has sought extension of tax benefits under STPI and simplification of the tax structure to encourage investments in the sector, among others as part of its… Read more »

RCom, Bharti wants to exit from rural telephony scheme

RCom, Bharti wants to exit from rural telephony scheme

Two leading operators, RCom and Bharti, have approached the government seeking to prematurely exit from the rural telephony scheme under the USO subsidy without fulfilling the commitment they had made… Read more »