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Banking strike cripples business and commercial activities

NI Wire,    Mon, 10 Feb 2014
The two day long total banking strike has completely crippled the country's financial capital with most of business and commercial activities remained ineffective.

Domestic factors to be a major cause of concern for manufacturing: FICCI

NI Wire,    Mon, 10 Feb 2014
FICCI's latest Quarterly Survey on Manufacturing for the fourth quarter of 2013-14, indicates marginal improvement in the outlook for manufacturing sector vis-à-vis third quarter of 2013-14. However, the growth is expected to be subdued and as per the assessment of other parameters in the survey it is too early to term it as any recovery in the sector, noted FICCI.

Google buys 5.94% stake in Lenovo for $750m as part of Motorola deal

NI Wire,    Fri, 7 Feb 2014
Google has bought 5.94% stake worth $750m in Chinese PC maker company Lenovo as part of Motorola deal. Google sold its Motorola Mobility division just a day-before the buy-out to Lenovo for $2.91 billion deal.

Seventh Central Pay Commission established, will submit report within two years

NI Wire,    Tue, 4 Feb 2014
Government on Tuesday announced the establishment of Seventh Central Pay Commission under the chairmanship of retired Supreme Court judge Ashok Kumar Mathur.

CAIT welcomed Rajasthan government stand on FDI

NI Wire,    Sat, 1 Feb 2014
While welcoming the decision of Rajasthan Government for withdrawing permission for allowing FDI in Retail given by previous Governme+nt, the Confederation of All India Traders (CAIT), apex body of business community of India has expressed utter surprise over the changing colours of Union Government on this issue.

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