Training a person for 16 weeks (4 months) in the US costs something like $50,000 (around Rs 21.25 lakh). However, the education system is much better in the US. So we provide short-term training courses of about 15 days for new recruits there
The Tatas-owned Videsh Sanchar Nigam Ltd, the Internet gateway and service provider, is likely to receive around Rs 786 crore ($169 million) from the sale of its 5.42 per cent stake in US satellite company, Intelsat Ltd.
ABB, a global power and automation technology group, will offer shareholders of ABB Ltd, its listed subsidiary in India, Rs 900 per share to increase stake in the company to 75 per cent from the present 52.1 per cent.
Tech Mahindra would pay Rs 1,756 crore (Rs 17.56 billion) before the deadline of April 21 for acquiring 31 per cent stake in Satyam Computer for which it got the approval from the Company Law Board on Thursday.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
In terms of volumes, sales were up by 19.6 per cent to 2,75,586 units compared 2,30,376 to the year-ago period.
The apex court had also asked Sahara Group to provide it within two weeks the list of "unencumbered properties" which can be put for public auction to realise the remaining over Rs 14,000 crore
Arrears owed by subscribers to Bharat Sanchar Nigam Ltd stand at Rs 2655 crore (Rs 26.55 billion), including Rs 306 crore (Rs 3.06 billion), against government departments, Lok Sabha was informed on Wednesday.
Housing Development Finance Corporation has posted a 22.08 per cent rise in its second quarter net profit at Rs 248.13 crore (Rs 2.48 billion) as against Rs 203.24 crore (Rs 2.03 billion) in July-September 2003.
The Airports Authority of India on Saturday announced plans to upgrade the Biju Patnaik airport in Bhubaneswar to international standards by investing Rs 250 crore (Rs 2.5 billion).
Financial power-house JP Morgan's Rs 175 crore (Rs 1.75 billion) investment in its Indian arm was among the 44 foreign direct investment proposals worth Rs 222.19 crore (Rs 2.22 billion) cleared by the government on Tuesday.\n\n\n\n
Reliance Industries was the only stock which defied the broader market trend
Defence outlay alone will jump 22 per cent
While FMCG companies lose Rs 98,928 crore in m-cap, consumer durables stocks are down Rs 20,673 crore since November 8.
Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.
FMCG major Hindustan Unilever on Friday reported 23.43 per cent decline in net profit at Rs 1,019.25 crore (Rs 10.19 billion) for the first quarter ended June 30, 2013.
The index rising for the fourth straight session surged 564 points.
Bharti Telecom stake in the company has been now been raised to 43.72 per cent, the company said in a BSE filing.
Captain Bhoopendra Singh had also provided wrong information to his superiors and the police about the recovery made during the staged encounter, the charge sheet filed by the Special Investigation Team (SIT) of the Jammu and Kashmir Police before the chief judicial magistrate in Shopian said.
Reliance Industries Ltd will give Rs 750 crore (Rs 7.5 billion) discount on LPG and kerosene to public sector petro retailers in 2005-06.
The pool was formed by non-life insurance cos in India in Apr '02.
Sun Pharma and ONGC emerging as biggest gainers
Bike market leader Hero Honda has chalked out a Rs 320 crore (Rs 3.2 billion) investment plan for 2006, which includes about Rs 250 crore (Rs 2.5 billion) for setting up a third plant, Pawan Kant Munjal, managing director said.\n
Oil and Natural Gas Corp, which had last year firmed up an investment of Rs 34,012 crore (USD 5.076.37 billion) in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore (USD 3.2 billion) in developing the ultra-deepsea UD-1 find.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
The spectrum auction has already generated record amount.
The profit of the company before exceptional item and tax stood at Rs 1,302 crore (Rs 13.02 billion), from Rs 1,398 crore (Rs 13.98 billion).
Oil and Natural Gas Corp, India's largest oil producer, has proposed an investment of Rs 7967 crore (Rs 79.67 billion) in setting up a 7.5 million tonnes refinery at the site of recent oil find in Rajasthan.\n\n
Leading biotechnology firm Biocon Ltd on Tuesday reported a 22 per cent decline in profit after tax for the half year ended September.
The JV is expected to invest Rs 2,300 crore (Rs 23 billion) in the next three years. The focus will be on retail and industrial logistics, including that of auto, auto components and other sectors. The JV plans to build 7.5 million sq ft of warehousing space in the next three years and 25 million sq ft in five years. The JV has acquired 27 acres in Pune so far and is in the final stages of buying nearly 460 acres in Mumbai, Chennai, Delhi, Bengaluru and Kolkata, among others.
Corporate tax contributed Rs 75,549 crore (Rs 755.49 billion), up by 40.29 per cent from Rs 53,853 crore (Rs 538.53 billion) during same period in the previous fiscal, an official statement said on Thursday. Personal income-tax, fringe benefit tax, securities transaction tax and banking cash transaction tax yielded 45.13 per cent more at Rs 46,320 crore (Rs 463.20 billion) against Rs 32,821 crore (Rs 328.21 billion).
Gearing up for a strong offensive against left wing extremism, Chhattisgarh police have claimed to have intensified the process of setting-up 'fortified police stations' in Bastar region in order to strengthen security apparatus in the Naxal-hit area.
Overall expenses in Q1 stood at Rs 6,466.52 crore (Rs 64.66 billion), as against Rs 5,789.88 crore (Rs 57.89 billion) in the year-ago period.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
