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Sensex gains 149 points with RBI relaxing loan policies on housing and infrastructure development

Article by Hiral Vilas Today, with RBI relaxing lending norms on affordable housing and for infrastructure build-up projects, stock markets saw an upward trend by BSE Sensex gaining 149 points in its early trade on increased buying by funds and retail investors. BSE reached 25,377.99 with profits in realty, banking and infrastructure sectors.

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BRICS nations plans for scaled down development bank

ARticle by Hiral Vilas Tuesday, During five nation BRICS Summit 2014 with participation from developing nations Brazil, Russia, India, China and South Africa  created a Shanghai-based development bank, a kind of mini IMF and a scaled down version of IMF bank, this bank will provide a reserve fund seen as alternatives to Western-led institutions for infrastructure […]

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SEBI prohibits Raju and 4 others in Satyam’s multi crore scam

Article by Hiral Vilas In Rs 1849 crore scam by Satyam Computer’s founder B Ramalinga Raju was barred by SEBI, after a probe lasting for more than 5 years for illegitimate gains with interest. In this scam Raju and 4 others were facing the prohibitory orders include Raju’s brother B Rama Raju (then Managing Director […]

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Infosys focuses on revival using newer technology and human resources

Article by Hiral Vilas One times top IT giant, Infosys Ltd has announced its revival through investments in high tech areas of cloud computing, smartphone apps and other newer web technologies focusing on outsourcing contracts. One time’s $100 billion IT giant was down with attrition and dropping market value of the company. Presently, company earns […]

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Reliance or Bharti Enterprises likely to takeover Carrefour India stores

Article by Hiral Vilas As Carrefour India, a cash and carry stores, has announced its closure of five stores in India, its a news that Reliance Retail and Bharti Enterprise, Mobile service provider in race of negotiating to take over Carrefour along with its existing infrastructure. However, Reliance and Bharti spokespersons declined to comment. Even, […]