1 : Name the largest call-centre services company in the world The answer is :Convergys Corp 2 : Which was first dividend-yield focussed fund launched in India? The answer is :Birla Dividend Yield Plus. 3 : Mr Pawan Sachdeva was involved in a major capital market scandal in the mid-1990s.Continue Reading
CHINEESE CURRENCY YUAN GOES GLOBAL As Dollar and Euro falls in World Currency Market Yuan is emerging as the new world currency . All signs point to the Chinese yuan emerging as a second world currency after the US dollar. A key step in this development was taken in lateContinue Reading
State Bank of India: (SBI) is owned by the Government of India and is the largest bank in the Indian subcontinent. If one measures by the number of branch offices (10,000 + as on March, 2008), SBI is the second largest bank in the world. SBI, the oldest commercial bankContinue Reading
Ad Valorem : Value added. An example of an ad valorem tax would be VAT. Advances: Loans given by financial institutions Appreciation: An increase in the value of an asset. Arbitrage: Movements of funds to take advantage of differences in exchange or interest rates,and this quickly eliminates any such differences.Continue Reading
The Advance Pricing Agreement (APA) program is proposed to be introduced from July 1, 2012, as per the Union Budget 2012. An APA is an arrangement between the tax payer and tax authority to resolve potential disputes in relation to determination of Arm’s Length Price (ALP) of an international transactionContinue Reading
The Economy Survey 2011-12 was tabled by the Finance Minister Pranab Mukherjee in the Parliament on March 15, 2012. Following are the highlights of Survey, a report card of the Indian economic scenario for current fiscal: —The country’s economic growth estimated at 6.9 per cent in the current fiscal; growthContinue Reading
MUMBAI: A benchmark index for Indian markets Tuesday provisionally closed 232 points higher with metals, energy and realty stocks leading the gainers. The 30-scrip sensitive index ( Sensex) of the Bombay Stock Exchange (BSE) opened at 17,680.23 points, closed at 17,820.14 (provisional), 232.47 points or 1.32 percent compared to itsContinue Reading
India is set to emerge as the global development and manufacturing hub for Swedish bus maker Volvo Bus Corporation’s Asia range over the next four years. The Hero group and Honda of Japan, who had combined their names to build the world’s largest-selling two-wheeler company, have ended their 26-year-old association.Continue Reading
Rank Name Net Wort($ mil) 1 Mukesh Ambani 22,600 2 Lakshmi Mittal 19,200 3 Azim Premji 13,000 4 Shashi & Ravi Ruia 10,200 5 Savitri Jindal 9,500 6 Sunil Mittal 8,800 7 Gautam Adani 8,200 8 Kumar Birla 7,700 9 Pallonji Mistry 7,600 10 Adi Godrej 6,800 11 Dilip ShnghviContinue Reading
The Tokyo and Osaka stock exchanges have agreed to merge in 2013 to create the world’s third-biggest bourse with listed stocks worth around $3.6 trillion. The combined value of stocks listed on exchanges would trail only NYSE Euronext at $12 trillion and NASDAQ OMX Group Inc at nearly $4 trillion.Continue Reading
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