Thursday, March 31, 2011
Punjab Business News 30 March 2011
Indian farmers unhappy with meager MSP hike
Commodity Online
Jagtar Singh Mehma, a progressive farmer from Bhatinda in India's Punjab told Business Standard that there are prospects that a farmer can earn Rs 19200 from farming (per acre) in the state. When the Rs.8000 input cost is deducted, he can save Rs 11200 ...
See all stories on this topic »
50% of investors want to invest in global markets: survey
Business Standard (blog)
Stocks of Punjab National Bank (PNB) surged to an all-time high mid-way on Wednesday, following sustained buying by foreign institutional investors (FIIs). On the BSE, the stock vaulted 9.77 per cent to Rs 149.95, off the intra-day high of Rs 154.90. ...
See all stories on this topic »
| BoB s Mallya to take over as IBA Chairman from April 1 |
'ONGC's consent needed in Cairn-Vedanta deal'
Business Standard (blog)
Highly placed sources in LIC said it has also started talks with the Citi Corp Group, Corporation Bank and Bank of Punjab for providing banking service required for launching the card. Capital One has no presence in India, so the tie up could provide ...
See all stories on this topic »
| Two matches: one sure no-result |
Wednesday, March 30, 2011
Punjab Business News 29 Mar 2011
Wheat MSP revision upsets farmers
Business Standard (blog)
Jagtar Singh Mehma, a progressive farmer from Bhatinda in Punjab told Business Standard that a farmer can earn Rs 19200 per acre assuming an average yield of 16 quintal per acre of wheat in Punjab. Deducting an input cost of Rs 8000 per acre, ...
See all stories on this topic »
World Univ session to start in July: Badal
IBNLive.com
... for economically poor but brilliant students with rural background in Punjab. Badal asked the university to involve the key players of industry and business for planning new courses with tremendous employment potential to enable the youth to ...
See all stories on this topic »
Unprecedented security cover for Indo-Pak WC match
Business Standard
PTI / Mohali March 29, 2011, 12:43 IST Unprecedented security cover was thrown in and around the Punjab Cricket Association stadium here today ahead of tomorrow's high-profile World Cup semi-final between India and Pakistan, which will be witnessed by ...
See all stories on this topic »
CCEA clears Rs 4500 cr FDI in Hero Investments
Business Standard (blog)
Industry in Punjab is upset over the decision to impose tax at source on all types of industrial scrap. This tax was applicable only to liquor and forest products. But all types of scrap have been brought in the tax net. According to the decision, ...
See all stories on this topic »
HC issues notice to Punjab on policy for granting remissions to life convicts
Punjab Newsline
CHANDIGARH: A Division Bench of the High Court comprising CJ Rajan Gogoi and Justice KS Ahluwalia Monday issued notices to State of Punjab, its Home Secretary and IG Police on a PIL filed by Advocate HC Arora seeking appropriate directions to the ...
See all stories on this topic »
DB Realty shares surge by 19% to recover from all-time low
Business Standard (blog)
The notional loss to the exchequer will be at least Rs 4400 crore if the government accepts that four listed banks — Punjab National Bank, Bank of Baroda, Andhra Bank and Oriental Bank of Commerce — return equity to it at par and not at a price close ...
See all stories on this topic »
Punjab National Bank Standardizes IT Infrastructure on Infosys and Oracle
TMC Net
"We are pleased to enable PNB to take better advantage of the scalability and performance capabilities of Finacle and helping the bank achieve its strategic growth plans," said Sanat Rao, vice president & head worldwide business development and ...
See all stories on this topic »
| Northwesterlies carve open 'assault front' along plains |
Controls can be imposed to restrict capital flows: RBI
Business Standard (blog)
The Steel Authority of India recorded the highest volume of 21 million shares, followed by Canara Bank with 16.2 million, Bank of Baroda 14.5 million, Satyam Computer 13.6 million, Himachal Futuristic 13.2 million, Andhra Bank 12.2 million and Punjab ...
See all stories on this topic »
Tuesday, March 29, 2011
Punjab Business News 28 March 2011
Punjab sugar output touches 2.95 mn quintals
Business Standard (blog)
The total area under sugarcane cultivation in Punjab was 84000 hectares this year while last year it was 60000 hectares. Speaking to Business Standard, senior officials in the cane commissioner office said, "The sugar output in the state touched 2.95 ...
See all stories on this topic »
Maize prices up by 1.3% last week
Business Standard (blog)
The Punjab government invited bids last December for the strategic sale of its 23.5 per cent holding in the company as part of a disinvestment drive. Some dozen firms making tractors in India have expressed interest, including market leader Mahindra ...
See all stories on this topic »
Private equity funds eyeing exit gains in Arch Pharma IPO
Moneycontrol.com
ICICI Venture Capital and Leverage India Fund (jointly sponsored by IL&FS and Punjab National Bank) are among the few other financial investors in mid-sized drugmaker Arch Pharmalabs who are making a part exit in the Mumbai-based company's public issue ...
See all stories on this topic »
Menthol rises as demand picks up
Business Standard (blog)
Vijaya Bank, Punjab National Bank (PNB), the Principal Financial Group of the US and a leading tyre company will soon set up a life insurance venture. The four have signed a memorandum of understanding (MoU) and have applied to the Insurance Regulatory ...
See all stories on this topic »
60 industries in north India to implement PAT scheme
Business Standard (blog)
About 60 energy intensive industries across eight sectors in Punjab, Haryana, Uttarakhand and Himachal Pradesh with energy consumption with more than specified limit has been notified under the Energy Conservation Act, 2001, and selected in the Phase-I ...
See all stories on this topic »
DB Realty director Rajagopal quits
Business Standard (blog)
State-owned Punjab & Sind Bank (PSB) will approach the capital markets with a Rs 100-crore initial public offering this year, after it has cleared its issue of NPA divergence with the Reserve Bank of India (RBI). "PNB was likely to achieve a capital ...
See all stories on this topic »
SC seeks Sebi stand on accepting IPO scam report
Business Standard (blog)
Two other consortiums led by Bank of India (BoI) and Punjab National Bank (PNB) are also launching shared ATM networks in the country. The PNB consortium includes Andhra Bank and Vijaya Bank and PNB is the settlement bank. The BoI group includes Indian ...
See all stories on this topic »
Tinsel town preparing for face-off
Times of India
'Akshay has been invited by Punjab's deputy CM Sukhbir Badal,' said a source. The Deol trio has not confirmed yet, but they are expected too. Dharmendra, when contacted, said, 'We are planning. If we attend, then you will also get along Esha and Ahna ...
See all stories on this topic »
Wine Consumption to touch 14.7 million litres by the end of 2012: ASSOCAHM
India Infoline.com
An interesting aspect that emerged out of the ASSOCHAM study was that around 65 per cent of the total volume of wine consumed in India is produced locally in states like Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Punjab etc. as these regions ...
See all stories on this topic »
Monday, March 28, 2011
Punjab Business News 27 March 2011
Punjab approves agri projects of Rs 276.4 cr
Business Standard (blog)
An empowered committee of the Punjab government yesterday approved three agriculture mega projects and one mega food park with an investment of Rs 276.4 crore. The projects are expected to generate direct and indirect employment to nearly 6000 people. ...
See all stories on this topic »
Amritsar hits a high with hotels
Sify
Amritsar, March 27 (IANS) Good hotels and rooms were a rarity in this Punjab city that is home to the Golden Temple, the holiest of Sikh shrines. But big names, both national and international, have now come up with projects here in the last couple of ...
See all stories on this topic »
Cultivable land shrinks in India
Business Standard
In Punjab, "the food basket of the nation", the agricultural land has shrunk by 0.33% to 42.15 lakh hectare in 2008-09 from 42.29 lakh hectare in 2006-07, according to the data. Similar is the case with West Bengal and Bihar, the major rice producing ...
See all stories on this topic »
Indo-Pak semifinal: Mohali all set to welcome Pakistani cricket fans
Economic Times
Mohammad Alim, a Karachi-based businessman, told IANS: "I had come to Punjab for a business trip, but I have extended my stay here to watch the India-Pakistan match. "I have talked to my friends in Karachi and many of them will be reaching here very ...
See all stories on this topic »
Symantec favours more security for online transactions
Business Standard (blog)
The company hopes to have about 1200-1500 franchisees by year-end in Maharashtra, Punjab, Delhi and the National Capital Region. Also, it expects to rope in at least 15 major utilities and 30 smaller ones in the next few months. ...
See all stories on this topic »
Saturday, March 26, 2011
Punjab Business News 26 March 2011
| Young Turks Empowering India through solar power route |
Thorat, Ramanathan likely on ONGC board
Business Standard (blog)
The company has recently opened its fourth showroom in Bhatinda in Punjab. The company, which started out in 1987 manufacturing and exporting coloured gemstones and silver jewellery, soon ventured into exporting studded gold jewellery. ...
See all stories on this topic »India free trade agreement likely this year: Sharma
Business Standard (blog)
About a week ago, a Mig 21 crashed in Punjab, resulting in six deaths. It barely made the news. It's happened so often before. Since January 2000, more than 70 IAF aircraft and helicopters have crashed. The monetary loss is well over the Rs 1000 crore ...
See all stories on this topic »Oracle drives Wall Street higher volume stays weak
Business Standard (blog)
However, what's actually doing roaring business is the Hindi translation launched by Manjul in June last year. The publishing house has translated the book in six languages including Bengali, Marathi and Punjabi and claims to have sold 50000 copies. ...
See all stories on this topic »
Punjabi Business News 25March 2011
Balle balle! Punjabi music is flavour of Bollywood
Calcutta Tube
New Delhi, March 24 (Calcutta Tube) It makes you dance, it makes you sing, and it makes a great business idea in Bollywood. Punjabi music has taken the Hindi film industry by storm and is a sure-shot way to recover costs, say industry experts. ...
See all stories on this topic »
Jyothy may rope PE firms for Henkel India buyout
Moneycontrol.com
Additionally, it is planning to rope in a bank, preferably a public sector one, as its third partner and is contending partnership with Punjab National Bank (PNB). (Business Standard) Natco May Exit US Pharmacy Business - Natco Pharma Ltd may exit from ...
See all stories on this topic »
DIFC roadshow begins in Mumbai on March 28
Hindu Business Line
Many of India's leading banks have opened offices in DIFC in the past few years, including Axis Bank, ICICI bank, IDBI Bank, Punjab National Bank and State Bank of India. Indian institutions use DIFC as a platform to access markets and economies ...
See all stories on this topic »
Career Point Infosystems is setting up two universities
Moneycontrol.com
We are looking forward to set up more branches outside Rajasthan focusing primarily Orissa, Punjab and Haryana. Q: Your Rajasthan set up of course is considered the icon for the IIT teaching, the IIT-JEE admissions. Going forward, do you now intend to ...
See all stories on this topic »
3 taxi drivers arrested
IBNLive.com
PTI | 08:03 PM,Mar 25,2011 New Delhi, Mar 25 (PTI) Three taxi drivers, hailing from Patiala in Punjab, were arrested in west Delhi for their alleged involvement in dacoity cases, police said today.The arrested are Balbir Singh (38), Maha Singh (23) and ...
See all stories on this topic »
Friday, March 25, 2011
Punjab Business News 24 March 2011
Labour shortage affects wheat procurement
Business Standard
The Food Corporation of India has set an ambitious target of 26 million tonnes (MT) of wheat procurement, but Punjab, the largest contributor to the national kitty, may face procurement blues. This rabi season, labour shortage may create a bottleneck ...
See all stories on this topic »
TDSAT stays Rs 50 crore penalty on Idea Cellular
NDTV.com
On Jan 31, 2011 Idea Cellular had moved telecom tribunal TDSAT seeking directions to DoT to issue it 3G spectrum in Punjab & Haryana circle, where the allocation has been pending because of Idea's merger with Spice Telecom. ...
See all stories on this topic »
EzRemit partners with Punjab National Bank to expand presence in India
Banking Business Review
EzRemit, part of BFC Group Holdings and a provider of reliable money transfer services, has signed a strategic agreement with India's Punjab National Bank (PNB), to expand its presence in India. The agreement is expected to nearly doubling EzRemit's ...
See all stories on this topic »
Cong makes its bid, launches broadside against govt
Indian Express
The Punjab Congress put up a united show at a huge rally organised to mark the martyrdom day of Bhagat Singh, Rajguru and Sukhdev and appealed to the people to bring the party to power in the coming Assembly elections. Punjab Congress chief Capt ...
See all stories on this topic »
| Gunning for the Top, Honda gets into the used two wheeler business! |
Current order book is strong at USD 225 million: Zylog Systems
Moneycontrol.com
We have covered five states today and they are Punjab, Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh. We have another four states to be added in the next coming FY12. Q: So, how do you expect revenues pan out in the FY11 over FY10 or if you want a ...
See all stories on this topic »
Thursday, March 24, 2011
Punjab Business News 23 March 2011
| Wheat arrival in Punjab, Haryana to get delayed by 7-10 days |
Lottery operators want rollback of tax hike
IBNLive.com
They said the hefty increase in taxes on lottery draws of other states by the Punjab government would sound the death knell of their business. Over 1.5 lakh families are associated with the lottery business in the state, Punjab Lottery Stockist ...
See all stories on this topic »
Campus dhaba delight: Sour and sweet since 1962
Times of India
LUDHIANA: Sukhdev Singh alias Dev Singh, 63, and his brother Surjit Singh, 66, own a roadside dhaba outside Punjab Agricultural University's gate number 3. The two have been running the business since 1962, the same year the varsity was established. ...
See all stories on this topic »
Auction of vends likely
Times of India
If the system of auctioning of liquor vends resumes, the rate of liquor is sure to go up and the liquor barons of Punjab and Haryana are likely to gain a firm foothold in the city liquor business once again. The licencing system was started four years ...
See all stories on this topic »
BHEL, ABB consortium bags PowerGrid contract
Business Standard (blog)
The other partners include the Life Insurance Corporation of India, Punjab National Bank and Oriental Bank of Commerce. HN Sinor, joint managing director of ICICI Bank, said the fund had closed with a corpus of Rs 800 crore. Although small and medium ...
See all stories on this topic »
EzRemit signs deal with Indian bank
Gulf Daily News
MANAMA: EzRemit has signed a strategic agreement with Punjab National Bank (PNB), the second largest government owned commercial bank in India. EzRemit is part of Bahrain-based BFC Group Holdings and a leading provider of money transfer services. ...
See all stories on this topic »
DIFC to embark on roadshow across India to strengthen relationships through ...
Business Standard (blog)
... Deputy CEO and Head of Business Development, DIFC Authority. Many of India's leading banks have opened offices in DIFC in the past few years, including Axis Bank, ICICI bank, IDBI Bank, Punjab National Bank and State Bank of India. ...
See all stories on this topic »
Zylog to invest Rs 80 cr in Wi-Fi expansion
Business Standard (blog)
... by its wholly-owned subsidiary, Zylog Systems (India) Ltd. The company, which has entered Wi-Fi business in 2009, currently has presence in around 154 towns in five Indian states including Tamil Nadu, Andhra Pradesh, Karnataka, Punjab and Gujarat. ...
See all stories on this topic »
In rural gambit, Honda drives into used 2-wheeler business
Daily News & Analysis
Naresh Rattan, head of operations (sales and marketing) said as part of a pilot study, the company has set up five 'Best Deal' outlets in Bangalore, Delhi, Thane, Ahmedabad and Punjab. "We want to study how to reach the customers who are currently not ...
See all stories on this topic »
I would prefer not to be born rich: Buffett
Business Standard (blog)
The major targets among the PSBs were small and medium capitalisation banks such as Andhra Bank, Bank of Baroda, Bank of India, Jammu & Kashmir Bank, Oriental Bank of Commerce and Punjab National Bank. The foreign funds were choosy — they sold their ...
See all stories on this topic »
Wednesday, March 23, 2011
Punjab Business News 22 Mar 2011
US continues to maintain contact with Libyan Oppn
Business Standard (blog)
If Delhi dithers on switching over to the value-added tax (VAT) regime, the four northern states of Punjab, Haryana, Himachal Pradesh and Rajasthan are also likely to delay their transition beyond the April 1 deadline. "Delhi's not switching over to ...
See all stories on this topic »
| Assam whirl, buzz in Bay to the fore as heat relents |
EzRemit partners with Punjab National Bank
Trade Arabia
"Being the largest remittance market in the world with more than $50 billion received in 2009, the country represents a significant growth opportunity for our business." "As we continue to expand our global distribution network, this strategic ...
See all stories on this topic »
Bajra up on rising demand
Business Standard (blog)
In the northern states, there are 521000 BSNL cell users, with Punjab having the highest figure of 145000 subscribers. Western states account for 453000 BSNL cell users. The highest number of users are in Maharashtra, which has 206000 subscribers. ...
See all stories on this topic »
Problem of plenty
Hindu Business Line
There is also a case for expanding the scope of procurement by setting up take-in windows in different parts of the country, instead of relying more on such frontline States as Punjab, Haryana and Uttar Pradesh. The Centre must seriously examine these ...
See all stories on this topic »
State Data Centre at Mohali soon
Indian Express
... e-governance applications and supporting infrastructure to provide efficient electronic delivery of government-to-government, government-to-citizen and government-to-business services. These will be facilitated by the Punjab Information Technology ...
See all stories on this topic »
Be worthy to borrow
India Infoline.com
House being a prime necessity, he is more likely to cut down other expenditures rather than stop his home loan repayment," explains Vivek Arya, deputy general manager, retail banking division, Punjab National Bank. "Some bankers say the ideal age to ...
See all stories on this topic »
