In a bid to transform and enhance the use of cutting edge technology across all its branches, YES Bank launched 'Branch of the Future' at its South Extension branch in the capital spread across 10,000 sq ft area. The bank would focus on optimum use of technology in the transaction process to offer highly reliable and efficient services to customers.
The Union Government on Wednesday approved the recommendations of the Foreign Investment Promotion Board (FIPB) clearing 29 FDI proposals worth Rs 6.16 billion. The companies, whose FDI proposals have been cleared, include AAPC Singapore, ABG Bulk Handling Poltrona Frau and some media and entertainment houses.
IT & BPO services and consulting firm Hexaware Technologies has decided to put 350 of its employees on 'virtual bench' in a bid to control costs and to mitigate the impact of global slowdown on its business. Recently, Mumbai-based IT firm Mastek had taken such step on similar grounds.
State run Bharat Earth Movers Limited (BEML) said that it has signed up a strategic deal with Indonesia based Sumber Mitra Jaya.
The top mining and construction equipment manufacturing company signed the deal to bid for forthcoming contract mining business.
The consortium approach consists of agreement for investments in contract mining in which BEML will make 30% investment, while the remaining 70% will be made by the Indonesian company.
The big news doing the rounds is that cement companies has decided to hike the cement prices by Rs 2-4 per bag.
While confirming the development, H.M.Bangur (MD, Shree Cements) said, “There is no price rise due to shortage but it is done as an effort to cover up cost.”
Bangur added that the company has passed on the benefit of excise duty cut on bulk cement to its customers, however prices of cement bags have risen as there was no relief for those products.
At present, the industry capacity utilisation stands at 85% versus 95%.
The state-owned telecom company, Bharat Sanchar Nigam Ltd (BSNL) will now also start WiMax service in rural area of Gujarat. The Chennai-based IT firm, Gemini Communication has won an order from BSNL to provide the service in rural area of the state.
Gemini Communication, which is listed on Bombay Stock Exchange (BSE), announced on Tuesday that it has bagged an order worth Rs67 crore from BSNL for its rural mobile WiMax project.
In a bid to transform and enhance the use of cutting edge technology across all its branches, YES Bank launched 'Branch of the Future' at its South Extension branch in the capital spread across 10,000 sq ft area. The bank would focus on optimum use of technology in the transaction process to offer highly reliable and efficient services to customers.
The Union Government on Wednesday approved the recommendations of the Foreign Investment Promotion Board (FIPB) clearing 29 FDI proposals worth Rs 6.16 billion. The companies, whose FDI proposals have been cleared, include AAPC Singapore, ABG Bulk Handling Poltrona Frau and some media and entertainment houses.
IT & BPO services and consulting firm Hexaware Technologies has decided to put 350 of its employees on 'virtual bench' in a bid to control costs and to mitigate the impact of global slowdown on its business. Recently, Mumbai-based IT firm Mastek had taken such step on similar grounds.
State run Bharat Earth Movers Limited (BEML) said that it has signed up a strategic deal with Indonesia based Sumber Mitra Jaya.
The big news doing the rounds is that cement companies has decided to hike the cement prices by Rs 2-4 per bag. 
Company bags Rs67crore BSNL contract 
