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Moody’s cut credit outlook of 28 Spanish banks

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who ..

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Odisha govt will transfer 2,000 acres land to POSCO

The government of Odisha will soon transfer about 2,000 acres of land to South Korean steel giant Posco to start operations on its 12 billion dollar project near Paradip in Orissa. 500 acres out of the 2,000 acres, acquired by ..

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2012 World Business and Development Award to “ITC” at Rio+20

ITC Limited bagged the 2012 World Business and Development Award at the Rio+20 UN Summit at Rio de Janeiro, Brazil. · The award has been conferred on ITC in recognition to ITC’s transformational rural initiatives in social and farm forestry ..

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Government rejects Fitch ratings

Lashing out at global rating agencies for reducing credit outlook of Indian banks, the government held these bodies are fully capitalized and there is nothing to worry about them. Finance Minister Pranab ruled out the Fitch revision enunciating that the ..

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Genpact’s Tyagarajan “Tiger” tops the salary circuit with $8.8 million pay package

With a salary amounting to Rs 49 crore or $8.8 million, the CEO of Genpact, NV Tyagarajan, was the highest-paid chief executive in India’s IT services and BPO industry in 2011. Tyagarajan who is popularly known as ‘Tiger’ got a ..

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Govt initiates 10% stake sell off in Nalco

The government has started the process of 10% stake sale in National Aluminium Company Ltd (Nalco, based in Bhubaneshwar) which may enrich the exchequer  with around Rs 12,000 crore. Nalco is also thinking over to come out with a fresh ..

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