Business News

Aptech bags four awards at the Indian Franchising Awards 2008

New Delhi, Feb. 27: Repeating its feat of 2007, Aptech garnered the maximum awards for franchising at the celebrated Indian Franchising Awards 2008 held in New Delhi.

Vienna cinema starts monthly Doggy Day to attract customers!

London, Feb 7 :Doggy Day An Austrian cinema has employed a unique technique to lure more customers

Only three percent of Pak businesses, industry paid taxes in 2007

Islamabad, Feb. 4: The Federal Board of revenue in Pakistan has said in its latest report that only three percent of the country’s business outfits have paid taxes for fiscal 2007-08.

GDP records 9.6 per cent growth in 2006-07

New Delhi, Jan 31 (ANI): Union Finance Minister P Chidambaram today said 2006-07 has recorded a growth of 9.6 per cent in the economy, and expressed confidence that it would be nearly 9 per cent in

BlackRock Acquires 40% Stake In DSP Merrill Lynch

New York-headquartered, BlackRock has acquired the 40% stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers. The mutual fund house will be renamed DSP BlackRock Mutual Fund while DSP Merrill Lynch Fund Managers will be renamed ‘DSP BlackRock Investment Managers’.

The remaining 60 per cent will continue to be held by the DSP Group (Hemendra Kothari and his associate companies).

Hemendra Kothari, chairman of DSSML-FM, said the deal is in line with the realignment of Merrill Lynch asset management business and there is no cash transaction involved.

Reliance Power IPO subscribed over 9 times

Reliance Power IPOMumbai, Jan 15: The Reliance Power Initial Public Offer (IPO) to