Essel Group's multi-purpose prepaid cash card provider ItzCash has plans to spread its footprints in rural markets in the country by next year.
The firm intends to open another 50,000 exclusive outlets in rural areas next year under the brand name 'ItzCash Point' and 'ItzCash World', besides opening franchisee network up to 12,000.
The company would setup about 1,000 franchisees in South India alone. At present, the company has one lakh outlets and around 10,000 franchisees in India.
According to sources, all upcoming new outlets will be set up in tier-III cities and villages.
The Insurance Regulatory Development Authority (IRDA) is likely to increase the premium on terrorism insurance risk. The deliberations in this regard have started, following the recent terror attacks on Mumbai. The matter to cover house or commercial establishment under terror insurance had believed to be discussed in Hyderabad on Monday by IRDA.
The Securities and Exchange Board of India (SEBI) has extended the cross margining facility for all categories of market participants. It was earlier extended it only to the institutional trades. The move would help to satisfy the financial needs of various broking firms, as cost of working capital has risen sharply in the past few months.
Various cost cutting measures taken by TATA Steel has improved its margin in the July-September period. The company witnessed 213% increase in the net profit for the second quarter of current financial year despite slow demand and tough financial conditions. It has been working on various cost cutting measure, including improvement in efficiency, production control and salary cut, that ultimately yielded good Q2 results.
Its consolidated net profit increased to Rs. 4,703.60 crore, from Rs. 1,489.50 crore in the same period last year. The operating profit stands at Rs. 7,187 crore, from Rs.
ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, added another major client win to its growing list of service providers deploying its GSM solution.
The company today announced the signing of a US$100 million deal with China Mobile's Pakistan arm (CMPak) to help them swell the capacity of their GSM infrastructure as part of its Phase 2 project.
The
entire Tamil film industry paid homage to the gallant NSG commandos and
police personnel who lost their lives while battling the terrorists in
the country’s financial capital, Mumbai last week.
All the industry artistes including both young and old gathered at the
Nadigar Sangam office premises in T. Nagar to participate in the homage
session organized by Nadigar Sangam.
The sober event saw the artiste take a pledge against violent forces
that were unleashed in the attacks. The members together read a
condolence message for those brave NSG commandos, policemen and
The Insurance Regulatory Development Authority (IRDA) is likely to increase the premium on terrorism insurance risk. The deliberations in this regard have started, following the recent terror attacks on Mumbai. The matter to cover house or commercial establishment under terror insurance had believed to be discussed in Hyderabad on Monday by IRDA. 
The Securities and Exchange Board of India (SEBI) has extended the cross margining facility for all categories of market participants. It was earlier extended it only to the institutional trades. The move would help to satisfy the financial needs of various broking firms, as cost of working capital has risen sharply in the past few months. 
Various cost cutting measures taken by TATA Steel has improved its margin in the July-September period. The company witnessed 213% increase in the net profit for the second quarter of current financial year despite slow demand and tough financial conditions. It has been working on various cost cutting measure, including improvement in efficiency, production control and salary cut, that ultimately yielded good Q2 results. 
ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, added another major client win to its growing list of service providers deploying its GSM solution. 
The
