The Sahara group would no longer hold NBFC license. The license was held by Sahara India Investment Corporation (SIIC). SIIC is a flagship company of Sahara India Financial Corporation and acts as a residuary non-banking finance company (RNBC).
According to the RBI report, SIIC has voluntarily decided to exit the NBFC (non-banking finance company) business from now onward. The company is likely to shift its focus toward reality business.
The Sahara Corporation is completely revising its real estate business. There must be some cross-holding issues between Sahara India Investment and Sahara India Financial Corporation but the executive of the company did not disclose the detail.
The price of dollar is increasing day by day. It brings good news for the software and outsourcing companies of the country. The value of Indian rupee is depreciating, and dollar is increasing as compared to the currencies of leading economies of the world.
Raj Television Network has clarified that at present the company does not have any proposal to foray into print media business. However, the company may look at the proposal in the long-term.
Taj Hotels Resorts and Palaces, operated by Indian Hotels Company Ltd. (IHCL), has launched a new brand, ‘The Gateway Hotel’ to target an emerging guest profile.
The staff of software giant Infosys Technologies, can now enjoy new group insurance policy by LIC. The infosys technology is the second-largest IT/ITES exporter of India with the employee strength of 97,000. All employees of the company would be covered under Rs 24,000 crore insurance policies by LIC. This is the largest ever group insurance by any organisation in India.
The next of kin of Infosys employer is eligible to get Rs 20 lakh to Rs 80 lakh in the event of death of the employee. There is also a provision of an accident cover of Rs 10 lakh in the policy.
outsourcing companies of the country. The value of Indian rupee is depreciating, and dollar is increasing as compared to the currencies of leading economies of the world.
by LIC. The infosys technology is the second-largest IT/ITES exporter of India with the employee strength of 97,000. All employees of the company would be covered under Rs 24,000 crore insurance policies by LIC. This is the largest ever group insurance by any organisation in India. 
