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Global Technology Group’s development arm “SEL”, its product line the best IT solutions provider in Financial Domain and Data Mining
SEL is the development arm in India of a Global Technology Group, focused on delivering high quality software products, solutions and specialized software services in the domains of Banking and Finance, Insurance, Retail Data, Data Mining and Warehousing, Performance Tuning and Outsourcing.
SEL provides IT Solutions to the world’s leading banks, investment house, insurance companies and financial...
Asia Pacific Risk Management Services Pvt. Ltd the Enterprise providing Risk Management Services for Insurance,Pharma and various other industries
Asia Pacific Risk Management Services Pvt. Ltd., (APRMS), started in 2004, is into providing specialized services in the Risk Management for various industries and insurers and brokers. The expertise team consists of mechanical and chemical engineers with the skill-sets in safety and insurance requirement of a corporate and also understands the requirements of insurers and the reinsurers. They are...
Mergers and acquisition’s for the year 2011
Mergers and acquisition has been a trend for the year 2011 for organization of different verticals such as IT, mobility, social networking, software as a service (SaaS), product based Original Equipment Manufacturing companies. Google is leads the list of M&A 2011 list by acquiring more than fifty companies where 22 deals are already confirmed and the rest are awaiting for an approval.
Qualcomm...
Top Tax Payers
Oil and Natural Gas Corporation
The Oil and Natural Gas Corporation paid 11, 49.13 billion as taxes, which is 50.35 percent of its profits earned. Apart from leading the tax-payers pack, ONGC holds the 198th rank in Forbes Global 200; it ranks at 335th in the Fortune Global 500; and has been recognized as the most valuable Indian corporate by market Capitalization, Net Worth, and Net Profits. Headquartered...
FDI in India
According to the International Monetary Fund, as of 2011,Indian economy is worth US$1.631 trillion; it is the ninth-largest economy by market exchange rates, and is, at US$4.057 trillion, the fourth-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 10.4% during 2010, India is one of the world’s...
Income Tax(I-T)return for persons with income up to Rs 5 lakh-CBDT Notification
The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011.
Individuals having total income up to Rs.5,00,000 for FY 2010-11, after allowable deductions, consisting of salary from a single employer and interest income from deposits in a saving bank...
Mallikarjun Kharge, Minister of Labour and Employment and Chairman Central Board of Trustees (EPF) Assures Transparency in the Management of EPFO Corpus
The 194th meeting of the Central Board of Trustees, EPF, which was the eleventh regular meeting of the present Board, was convened here today.
The Board deliberated upon a proposal for further extension of the selection process of the new fund managers for a period of two months effective from 01.07.2011. The Board also stipulated that the Employees’ Provident Fund Organisation EPFO would finalize...
TCS recognized for its large banking applications outsourcing relationships-Everest Group Positions Tata Consultancy Services as a Leader in Banking Applications Outsourcing
Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions firm, today announced that Everest Group, an advisory and research firm on global services has recognized TCS as a Leader in large banking applications outsourcing relationships in its June, 2011 report.
Everest Group evaluated leading global IT vendors servicing large (>US$25 million),...
Leverate Announces Turnkey Private Label Solution for Asian Forex Brokers
Leverate (http://www.leverate.com) is proud to announce the launch of new Private Label brokerages in Singapore, India, Hong Kong, South Korea and Australia. Leverate offers the most sophisticated and complete turnkey solution for Forex brokers to open and operate their own independent brokerages. Leverate’s Private Label solution is currently used by dozens of leading brokers worldwide, now...
Central Board of Direct Taxes -Collections
Net direct tax collections during the first two months of the current fiscal (April &May 2011) stood at Rs.12,954 crore, down from Rs.24,878 crore in the same period lastfiscal, a decline of 47.93 percent. Gross direct tax collections were, however, up by 37.34percent at Rs.50,405 crore as against Rs.36,702 crore.
The decline in net collection was on account of an increase of 216.74 percent in...
Ministry of Commerce & Industry released Index of Six Core Industries (Base: 1993-94=100), April 2011
Index of Six Core Industries (Base: 1993-94=100), April 2011
The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 stood at 276.5 (provisional) in April 2011 and registered a growth of 5.2% (provisional) compared to 7.5% registered in April 2010. During April-March 2010-11, six core industries...
Polaris Launches World’s Leading ‘Basel III – Ready’ Solution
Will Strengthen Banks Ability to Conform to the Global ‘Liquidity’ Standards of Basel III Regulation
Polaris Software (POLS.BO), a leading global Financial Technology Company, today announced the launch of Intellect(TM) Liquidity Risk Management (LRM) solution which enables the banks and financial institutions worldwide to comply with BASEL III. The solution is being showcased...
Polaris to Implement Intellect Core Banking System in Reserve Bank of India
Polaris Software a leading global Financial Technology Company, today announced that Reserve Bank of India (RBI) has chosen Polaris to implement its Intellect(TM) Core Banking System (CBS) across the Bank. The USD 55 million end-to-end implementation deal includes System Integration and maintenance of software for a period of ten years.
Superior Functional Coverage and Future Ready Architecture...
NSIC Signed MoU With Bank of India for Easy and Hassel Free Credit
In order to add more option of banks for facilitating credit to micro, small and medium enterprises, a Memorandum of Understanding (MoU) has been signed by National Small Industries Cooperation (NSIC) and Bank of India, North Zone. This strategic alliance makes Bank of India the twelfth bank along with other existing eleven banks under bank tie-up arrangement with NSIC. This partnership...
Private Investments in Nuclear Power Sector
Economic Advisory Council to the Prime Minister in its ‘Economic Outlook for 2009/10’ inter-alia highlighted the need to diversify our fuel sources and develop more natural gas and nuclear energy based power plants as opposed to the coal based capacities that currently exist and to bring legislative changes to allow the entry of private companies into the business of...
