GAIL to sign a gas purchase agreement with Turkmenistan’s national oil firm in TAPI pipeline;Donna Summer dies
1. Cabinet allowed state-run gas-firm GAIL (India) Ltd to sign a gas purchase agreement with Turkmenistan’s national oil firm, for supplies from a planned multi-national pipeline, the proposed 1,700-km (1,056-mile) Turkmenistan-Afghanistan-Pakistan-India line (TAPI) will have a capacity to carry 90 million cubic metres a day (mcmd) gas for a 30-year period and will be operational in 2018. 2. Country’s largest private mobile operator Bharti Airtel and Axis Bank made a partnership to provide banking services through…
Read more...Tags:"Hot Stuff" , "Love to Love You Baby" , $2 billion swap facility for SAARC , 056-mile) Turkmenistan-Afghanistan-Pakistan-India line (TAPI) , Airtel Money platform , Bharti Airtel and Axis Bank , City Gas Distribution (CGD) , Donna Summer (Queen of Disco) , economic co-operation , GAIL (India) Ltd , Indian rupee swap , Oil and Natural Gas Corporation (ONGC) , Pastor Maldonado , RBI Repo Rate , Reserve Bank of India (RBI) , SAARC nations , SAARC swap facility , Spanish Grand Prix , TAPI , The National Anti-Doping Agency (NADA)
The Competition Commission of India (CCI) formed an Eminent Persons Advisory Group;
1. The Competition Commission of India (CCI) formed an Eminent Persons Advisory Group (EPAG). The group is constituted to provide CCI inputs and advice on issues impacting markets and competition. 2. The Reserve Bank of India (RBI) on raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3%.
Read more...Tags:deposit cash 24 hours a day , Eminent Persons Advisory Group , HDFC Bank and Wells Fargo , Hungama Digital Media Entertainment Pvt. Ltd , interest rate ceiling on NRI deposits , IT department , MSME , remit money to beneficiary's HDFC Bank savings account in India , Thane Janata Sahakari Bank (TJSB) , The Competition Commission of India
TVS Group acquired Universal Components; NEC Corporation setup mobile communication system development centre in India
1. Which IT and network technologies has planned to setup mobile communication system development centre in India? …….NEC Corporation. 2. TVS Group acquired which independent wholesale distributor of commercial vehicle parts and accessories Company……Universal Components.
Read more...Tech Mahindra and Mahindra Satyam merged to form a new entity with 2:17 Swap Ratio for Shareholders
The merger of Tech Mahindra and Mahindra Satyam (Satyam Computer Services) is largely seen as a positive deal by analysts, considering that the combined entity will become sixth largest software services provider. Tech Mahindra and Mahindra Satyam’s boards approved merger of the two firms on Wednesday. The combined entity will have revenue of USD 2.4 billion, 75,000 employees and 350 clients. Existing shareholders of Satyam will get two shares of Tech Mahindra for every 17 shares held (Swap…
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