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Finaly india is in the elite nuclear club...a well deserved member...world can not ignore India..that is the truth.
When computer age came some political parties objected the computer entry, saying it will create unemployment, millions will loose job...but in reality computers created millions of job, millions got employed. IT took india too the forefront of the world, world respected india, world recognised india.
this new found recognition helped India`s nuclear club entry (with due recognition of our PM`s fruitfull efforts)
Now another revolution is coming within a few years, India will be world force..
This new found India`s world position will help India`s claim for the UN Security council membership (already world started understanding it)
A great present in Gandhi Jayanthi day...
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no...
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leads to toxic assets?...
In reply to:
RBI asked to cut lending rates, boost liquidity
Posted by :
zoombusiness
n order to pump liquidity into the market, an industry lobby on Thursday requested the central Reserve Bank of India (RBI) to reduce cash reserve ratio and repo rate by 1 per cent.
In its recommendation, the Associated Chambers of Commerce and Industry of India (Assocham) has requested RBI to permit banks to borrow against government securities and provide dollars directly to oil companies, rather than routing them through the market for buying crude.
The recommendations submitted to the RBI governor by Assocham president Sajjan Jindal further said several Indian companies are now looking at rupee-funding as dollar-financing has become uncertain and difficult to raise within the RBI approved spreads.
Assocham said the level of credit needed to be redefined taking into account the base effect while planning for the future, instead of squeezing credit, which would seriously impact the survival and sustenance of industry.
Currently, the cost of money at which Indian industry borrows varies between 25-28 percent, which it said \"is very high, as a result of which its margins have already shrunk\".
The chamber has also sought easing of norms that govern external commercial borrowings to help industry raise funds from abroad.
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does include lanes and roads,is it public place?...
In reply to:
Caught smoking in a public place? Be ready to pay up
Posted by : tally
Ban on public smoking is good piece of legislation. It must be strictly enforced. Public health is one of the major concern of any Govt. Fine so collected be spend on public health system. SMOKING IS INJURIOUS TO PUBLIC HEALTH. TAX PAYERS MONEY IS SPEND ON A SMOKER`S ILL-HEALTH IN TERMS OF MEDICAL CARE AND IN CASE OF HIS UNTIMELY DEATH HIS FAMILY SUFFERS. Put a complete ban on smoking.
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mGinger, a Bangalore-based start-up in mobile advertising, today announced that it has attracted $2 million in funding from Draper Fisher Jurvetson and NEA-IndoUS Ventures. The company will use proceeds of the financing to significantly grow its business, build up their technology stack and ramp up their marketing and sales force.
mGinger provides advertisers with permission-based, targeted marketing. mGinger enables advertisements including offers, vouchers, news and more, sent in the form of SMS on consumers’ mobile phones. These advertisements are specific to consumer interests and demographics mentioned during sign-up (www.mginger.com) and received only in the timings that consumers specify. An additional value-add for consumers, is the earning potential of receiving these advertisements, which is redeemed through a gift cheque from mGinger.
“We at mGinger believe that there is much more to mobile phones than receiving advertisements through text messages.” said Chaitanya Nallan, CEO, Gingersoft Media Private Limited. “With this funding, we look forward to bringing a lot more innovative services to mobile users in the near future and opening up this potentially huge market in India. We are delighted to have investors like DFJ and NEA partner with us in this venture.”
“We are ecstatic about not only what mGinger has accomplished but what the prospects are.” said Mohanjit Jolly, Executive Director, Draper Fisher Jurvetson. “The ubiquitous presence of the mobile phone in India and the SMS usage makes this a highly promising market and serves as a potential ‘holy grail’ for consumers as well as advertisers.”
“The huge market potential, the effectiveness of this new medium of advertising and the uniqueness of mGinger’s offering makes this a very attractive investment for us. The mGinger platform solves critical problems like content composition, cost of campaign and return on investment measurability for advertisers” said Sateesh Andra, Venture Partner, Draper Fisher Jurvetson. “Besides, mGinger also has a brilliant leadership team which has taken the company well-ahead of the others in this space.”
“The current way of marketing on mobile phones needs to change from an intrusive model to a permission-based model where customers dictate the type of advertisements received. mGinger’s offering is a creative model offering great value to the consumer and a cost effective solution for the advertiser.” said Vani Kola, Managing Director, NEA-IndoUS Ventures. “With this solution advertisers can track the effectiveness of advertising spends against results received, creating a win-win for both advertisers and consumers. mGinger has created a solution which will have a long term impact on the mobile advertising space and we are excited to be a part of this sea change.”
With over 200 million mobile subscribers in India, advertisers can target a specific base of consumers in a meaningful way, allowing them to see a much higher rate of return on their investment. The direct and personal nature of the mobile phone ensures immediate reach, without being viewed as mobile spam.
Just wanted to share some good information with fellow friends :)
http://www.mginger.com/index.jsp?inviteId=33568
adjust and put the above in the web browser link and register urself.
Sourced From: 20 : 20 Media Pvt Ltd
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In reply to:
mGinger gets mn VC funding
Posted by : MMB Messenger
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The US Congress approved a revised 700 billion dollar package to bail out the beleaguered US financial sector after the House of Representatives today cleared the historic measure four days after it rejected an earlier plan that stunned the global markets.
The House okayed 263-171 in a make or break vote the unprecedented government intervention designed to pull the US economy out of the brink and sent it to President George W Bush for certain signature into law. The Senate on Wednesday passed 74-25 a revised version of the bailout package.
Calling the bipartisan Congress vote a "bold" step, Bush said the package will help the US economy weather the financial crisis.
The revised package aimed at buying up the bad debts of failing institutions included sweetners on extending bank deposit insurance and expired tax breaks in a bid to get more Republicans behind the legislation.
Several law makers dropped their opposition to the bill when it came up for vote today capping two weeks of turmoil in the Congress and the Wall street.
The Bill was tweaked by the Senate which addded about 100 billion dollars in new tax breaks in an initiative to get the House support for the new version.
Only 85 Republicans voted for the bailout in the 228 to 205 defeat for the bailout on Monday and Democratic House leaders said before the vote they needed 100 members of the minority party to ensure passage.
The plan lets the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets from troubled financial institutions. It is aimed at allowing frozen credit to begin flowing again and prevent a dangerous recession.
For information,with regards
rvk41...
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07.27 pm - Tata Motors Ltd will pull out of West Bengal, where violent protests against a factory at Singur for its low-cost Nano car had forced it to stop construction work last month, Chairman Ratan Tata said on Friday.
Tata said the decision to move the project out of the state was taken after farmers\` protests refused to die down, and because the firm feared for the well-being and safety of its employees and vendors.
Tata Motors, the country\`s top vehicle maker, had started looking for alternate locations to build the Nano, which it has said would be launched this month, and which is expected to be priced at just above 100,000 rupees ($2,130).
Tata said on Friday the firm had not made a decision yet on where the Nano factory would be relocated, but was examining offers from three or four states. The firm would announce further decisions in a few days, he said.
R B NEWS courtesy
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Ban on public smoking is good piece of legislation. It must be strictly enforced. Public health is one of the major concern of any Govt. Fine so collected be spend on public health system. SMOKING IS INJURIOUS TO PUBLIC HEALTH. TAX PAYERS MONEY IS SPEND ON A SMOKER`S ILL-HEALTH IN TERMS OF MEDICAL CARE AND IN CASE OF HIS UNTIMELY DEATH HIS FAMILY SUFFERS. Put a complete ban on smoking....
In reply to:
Caught smoking in a public place? Be ready to pay up
Posted by : MMB Messenger
The Supreme Court refused to stay the government's notification to impose a ban on smoking in public places from October 2. So if you are caught lighting up you will be asked to cough up — no pun intended — a Rs-200 fine.
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3 Oct 2008, 1834 hrs IST,REUTERS
Tata Motors to pull out of Singur: TV reports
Tata Motors Ltd will pull out of Singur, where violent protests against a factory for its low-cost Nano car had forced it to stop construction work last month, television channels said on Friday.
A spokesman for Tata Motors declined comment and the company was expected to hold a press conference soon.
Tata Motors, the country\`s top vehicle maker, had started looking for other locations at which to build the Nano. It has said it hoped to launch the car this month.
The Nano is expected to be priced at just above 100,000 rupees ($2,132), and has been billed as the world\`s cheapest.
The company, the third-biggest carmaker in India, had planned to make 250,000 cars at the Singur plant in West Bengal initially, increasing capacity to 350,000 units.
Eventual demand for the Nano was expected to be about 1 million units, Tata has said. Cost overruns caused by delays at Singur, where Tata Motors has invested about $350 million, had already raised the cost of production of the Nano, which was unveiled to a rousing reception in January and sent rivals scrambling for their own plans.
Work at the plant was nearly complete when farmers, backed by the state\`s main opposition party, stepped up protests, saying they were forced off their land without adequate compensation.
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Thats cool. Rs. 200 fine for Rs. 2 cigarate. Well i am sure Govt. will get good source of income from it as our country has many public place smokers. I think our country could be really wealthy mwhahaaa. Well these show off smokers will stop smoking in public places but what if they start it at their home?? That means all other family members including the little ones will be passive smokers. ...
In reply to:
Caught smoking in a public place? Be ready to pay up
Posted by : MMB Messenger
The Supreme Court refused to stay the government's notification to impose a ban on smoking in public places from October 2. So if you are caught lighting up you will be asked to cough up — no pun intended — a Rs-200 fine.
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Cabinet approves over 1,100 new, senior posts in armed forces...
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The Supreme Court refused to stay the government's notification to impose a ban on smoking in public places from October 2. So if you are caught lighting up you will be asked to cough up — no pun intended — a Rs-200 fine. ...
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Five multinational companies (MNCs) have been shortlisted for two separate contracts, jointly worth an estimated $8 billion (Rs37,600 crore), to manufacture and supply locomotives for the Indian Railways.
Germany’s Siemens AG, Bombardier Transportation India Ltd, a unit of Canada’s Bombardier Inc., and France’s Alstom SA will now vie to secure an order to build and supply at least 660 electric locomotives for the railways.
And US-based General Electric Co. (GE) and Electro Motive Diesel Inc. (EMD) will compete for the second contract—to build and supply 1,000 diesel train engines for the national transporter.
While GE, Bombardier and Siemens confirmed that they have been shortlisted, emails to EMD and Alstom remained unanswered till late Thursday evening.
Joining hands: Indian Railways will hold 26% stake in each of the projects. Winning bidders will own the rest. Harikrishna Katragadda / MintThe electric locomotives will be manufactured at a factory in Madhepura and the diesel ones at Marora—both in railway minister Lalu Prasad’s home state, Bihar.
The estimated value of the projects is based on the average cost of locomotives.
The railways will hold 26% equity stake in each of the projects. The companies that win the bids—one for each project—will hold the rest.
The winning bidders have to supply locomotives to the railways over a 10-year period and also maintain them for 15 years, according to a Planning Commission official, who did not wish to be named.
Request for proposals or price bids—the last stage in the procurement process according to government-mandated norms—were floated last week. The bids are expected to be opened by this November-end, this official said.
Winning bidders will be decided on the price they quote per locomotive, with maintenance fees being a percentage of the total order, he added....
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n order to pump liquidity into the market, an industry lobby on Thursday requested the central Reserve Bank of India (RBI) to reduce cash reserve ratio and repo rate by 1 per cent.
In its recommendation, the Associated Chambers of Commerce and Industry of India (Assocham) has requested RBI to permit banks to borrow against government securities and provide dollars directly to oil companies, rather than routing them through the market for buying crude.
The recommendations submitted to the RBI governor by Assocham president Sajjan Jindal further said several Indian companies are now looking at rupee-funding as dollar-financing has become uncertain and difficult to raise within the RBI approved spreads.
Assocham said the level of credit needed to be redefined taking into account the base effect while planning for the future, instead of squeezing credit, which would seriously impact the survival and sustenance of industry.
Currently, the cost of money at which Indian industry borrows varies between 25-28 percent, which it said \"is very high, as a result of which its margins have already shrunk\".
The chamber has also sought easing of norms that govern external commercial borrowings to help industry raise funds from abroad.
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... CONTD..
Sources report smart money is moving into countries like Ethiopia, Somalia and India.
A leading hedge fund manager, with more than a 100 billion dollar fund under management, requesting anonymity said - "We think this is a time for defensive play. So we are moving into countries where people are already starving. As the rest of the world gives in to starvation, we believe these countries will show the smallest decline in per capita consumption."
On being questioned what if people in the above countries also decide to help the ailing economy by sacrificing their only meal everyday, the manager said - "We think that could be a blessing in disguise, as population is a major problem in India that the govt authorities have been struggling with".
Leading PE and VCC funds are said to be in talks with big farmers for converting a part of the agricultural land into cemetries - "we think every crisis throws up a big opportunity. We anticipate a glut of dead bodies in the times to come, and are gearing up for that eventuality. We also have some great innovative offerings in the pipeline to differentiate our cemetry services, and are in talks with some major spiritual houses as well".
Some money is also moving into pharma businesses, esp. manufacturers of anti-depressants and mood-elevating drugs. Pharmaceutical companies are lobbying to make some of these drugs available over the counter. (Sources)...
In reply to:
GREAT STARVATION LIES AHEAD
Posted by : raj_tibs
A nation destined for GREATNESS in all its endeavors, where even DEPRESSIONS are GREAT, preapres to lead the world into the GREAT STARVAION!
Stocks of major fertiliser businesses fell 30-40% on Thursday, Oct 02, which also happens to be the birth centenary of the great Indian ascetic Gandhi, on speculation that worries about the global economic slowdown will lead people to lose their appetites, and that the world will witness a period of GREAT STARVATION.
Analysts believe that ultimately the global citizen will sacrifice a meal everyday to bail the economy out.
The Dow Transportation Index took a cue from the above and fell 400 points. It is believed that there will nothing left to transport, as people will not have the energy left to shop for anything due to the self-imposed starvation.
Prices of Hogs, Beef, Poultry and marine food are set to witness the highest recorded fall ever in history!
Stocks of spiritual gurus are set to rise as the rising Starvation and Despair index is expected to make spirituality the best selling commodity!
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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