Mumbai, April 17 (IANS) Young entrepreneurs from low income groups can now look forward to getting funds to start sustainable enterprises. An initiative by Going to School, a not-for-profit organisation, announced the launch of Be! Fund that provides new access to risk-capital (up to $10,000/INR 500,000) to young entrepreneurs, a [...]

Hyderabad, April 17 (IANS) Infotech Enterprises, a global engineering solutions company, has opened its office in the heart of Silicon Valley in the United States. The company’s founder and chairman, B.V.R. Mohan Reddy, was joined by local dignitaries to launch the latest addition to Infotech Enterprises’ global engineering footprint, said [...]

Kolkata, April 17 (IANS) Vodafone India and ICICI Bank here Wednesday launched M-Pesa, a mobile money transfer and payment service, in West Bengal, Bihar and Jharkhand. A nationwide rollout is expected within a year-and-a-half. Using M-Pesa, a mobile wallet service, customers can transfer money to any mobile phone in India [...]

Chandigarh, April 17 (IANS) With stocks arriving in grain markets after the harvest festival of Baisakhi April 13, procurement of wheat in Haryana and Punjab has already crossed the 25 lakh-tonne mark, food and supplies officials of both states said Wednesday. Punjab and Haryana have set a record procurement target [...]

Mumbai, April 17 (IANS) Tata Consultancy Services (TCS), the country’s largest software exporter, Wednesday said its net profit increased 33.6 percent to Rs.13,917 crore for the financial year ended March 31. The company’s annual revenue jumped 28.8 percent to Rs.62,989 crore. TCS posted a net profit of Rs.3,597 crore for [...]

Chennai, April 17 (IANS) New Delhi-based basmati rice exporter Radikal Overseas is targeting a turnover of Rs.1,000 crore this fiscal, looking at new markets in Africa, Iran, Iraq and other countries, said a senior official here Wednesday. “We are exporting basmati rice to over 50 countries and plan to increase [...]

Mumbai, April 17 (IANS) A benchmark index of the Indian equities markets closed in red Wednesday, after a smart rally the previous day, as losses in oil and gas and information technology (IT) stocks offset gains in auto, bank and metal stocks. The 30-scrip sensitive index (Sensex) of the Bombay [...]

Chennai, April 17 (IANS) City-based management consulting company Ma Foi Connecting Dots hopes to raise around $7 million from private equity and is open to acquire boutique consulting firm in the finance space, said a group official Wednesday. “We will raise around $5-7 million from private equity funds for the [...]

New Delhi, April 17 (IANS) The main responsibility for effective devolution of functions, finances and functionaries to Panchayat Raj Institutions (PRIs) rests with the central government and not with the states, an expert committee has said. According to the Expert Committee on Leveraging Panchayat Raj Institutions for the effective delivery [...]

Shimla: The multi-billion high-end ski resort project, promoted by Alfred Ford of the Ford Motor Company, near Himachal Pradesh’s resort town of Manali is expected to see the light of day after more than five years of logjams. A high-power committee headed by Chief Secretary Sudripta Roy took the decision [...]