Good Morning...... News 09.07.2014 1. In its first formal policy statement, the Railway Budget, the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) promised a turnaround for the ailing national transporter, premised on unprecedented infusion of private investment, both foreign and domestic, and funded in part by innovative means like monetizing some of its vast land assets. 2. The Narendra Modi government will ask banks to open 200 million accounts in a year from this Independence Day. 3. Fashion portals like Myntra, Jabong, others enter partnerships with global, local apparel brands. 4. The largest technology players in India like Cisco, IBM, HP India are increasingly setting their sights on the smallest companies in the country, as growth in IT spending by small and medium businesses is expected to outstrip that of the domestic IT market. 5. ONGC Videsh Ltd, the overseas investment arm of the countrys biggest state-owned energy explorer, has raised over $2.2 billion (about Rs 11,200 crore) through an issue of bonds in two currencies priced competitively to help the company replace debt raised for the financing of acquisition of Mozambique oilfields.
Posted on: Wed, 09 Jul 2014 04:04:45 +0000
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