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Telecom major Bharti Airtel Thursday introduced Wave as the name for its new symbol. The name for the company's logo was selected through online contest, which the company had started six months back. "The name Wave, refers to the sweeping changes that Airtel strives to bring towards enriching the lives of its 200 million plus customers in 19 countries across Asia and Africa," Bharti Airtel said in a statement.

Mukesh Chauhan, an engineer working with a company in Noida was declared as the winner of the contest for suggesting the name. Chauhan has won a vacation of approximately 30 days to Thailand, post his marriage scheduled around October. Also, five voters selected by the telecom operator will get a Samsung Galaxy Tab each.

The Airtel symbol was unveiled by Bharti Airtel as part of its new brand identity launch in November last year.

HDFC Bank also surged its name in the heavily used net-banking process. HDFC net-banking is a secure banking service.

View Account Balances & Statements
Transfer Funds between accounts
Create Fixed Deposits Online
Request a Demand Draft
Pay Bills
rder a Cheque Book
Request Stop Payment on a Cheque
And lots more

For further details, interested people can visit the official website of HDFC Bank. The links have been given below:

http://www.hdfcbank.com/personal/access/netbanking/netbanking.htm

https://netbanking.hdfcbank.com/netbanking/

Reliance Retail of Mukesh Ambani has planned to invest Rs 120 crore to open 20 toy stores of UK-based Hamleys in India, an official of the company has said on Thursday, Jan 27. The company's plan is to open the 20 stores over a period of sever years. Reliance Retail today inaugurated its second Hamleys toy store at Express Avenue mall in Chennai.

Exprecing a strong market for toy in India, Hamleys has tied up with Reliance Retail for marketing its children's toys."Our first store in Mumbai which is spread across 21,000 square foot has got a very good response. It was a pilot store. Now this is a large store.

With this we have plan to open 18 stores in India over the next seven years", Reliance Retail president and Chief Executive Officer Bijou Kurien told mediapersons.

Hamleys, as part of its expansion, will open 18 more stores in India over the the 'Pilot Store-Large store' strategy. It has estimated a requirement of Rs 120 crore for opening the 18 stores, to be spread over 11,000 square foot and 21,000 square foot, Kurien said.

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 90 Days Fund - 35, a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 20 October and will close on 21 October 2010.
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
The scheme offers two options viz. growth and dividend payout option.
Maturity date of the scheme would be 90 days from the date of allotment of units.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The scheme will not charge any entry and exit load. The exit load is not applicable since the scheme will be listed on National Stock Exchange.
The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assts.
CRISIL Liquid Fund Index will be the benchmark index for the scheme.

Coca-Cola India, the official beverage partner of the 2010 Commonwealth Games Tuesday, announced the launch of its new Visual Identity System (VIS) and logo for the Games in Delhi.
The VIS is an integrated marketing campaign which will be used extensively in packaging, point of sale materials, product delivery trucks, equipments, and out of home media to attract people for the Oct 3-14 event.

An extensive outdoor campaign will be launched in competition and non-competition venues of the Commonwealth Games including the Games venues, training venues, Games village etc. The campaign for the Games has been developed by McCann Erickson.

More than 2000 outlets, partnership with Delhi Tourism for activation of key venues, consumer sampling, road shows, contests etc will be part of the outdoor campaign.

Conceptualized on the platform of "Go Dilli, Let Sports Win", the VIS encourages people to participate in and support the Oct 3-14 Commonwealth Games.

The VIS is inspired by the Chakra in Commonwealth Games Logo, the cultural symbol of celebration - 'Ambi or Paisley' and the architecture of Lotus temple in Delhi.

"The new identity that we have launched today will help us leverage and build excitement for the Commonwealth Games in Delhi, long before the first medals are awarded in October," said Atul Singh, President and CEO, Coca-Cola India.

"By associating with the Commonwealth Games, we will have the opportunity to refresh more than 8000 athletes and delegates and more than 30,000 volunteers that will take part in the Games."
--IANS

Hitachi Ltd announced to go for Initial Public Offering (IPO). Hitachi India IPO for Hard Drive Unit Planned by Hitachi Ltd. hitachi india limited and Hitachi Power Europe Announce Agreement with BGR Energy Systems to Establish Joint Ventures for Design, Manufacture, Installation and Commissioning of Steam Turbines/ Generators and Boilers for Super Critical Thermal Power Generation.
Hitachi Ltd.(TYO: 6501, NYSE: HIT) is a Japanese multinational corporation specializing in high-technology and services headquartered in Marunouchi Itchome, Chiyoda, Tokyo, Japan. The company is the parent of the Hitachi Group (Hitachi Gurūpu) as part of the larger DKB Group companies. Hitachi is the third largest technological company by revenue as of 2009. On the 2007 Forbes Global 2000 list, Hitachi was ranked number 371.
Hitachi Ltd is the world’s largest hard-drive maker with the value of nearly $3 billion for its hard-drive unit in the United States. However, the company did not disclose any further details about its IPO plan. But, bankers are in talks with the company regarding the IPO. Reports said Goldman Sachs Group Inc could be one of the underwriters and it is being expected that the company would announce about the underwriters officially on September. Besides, the Hitachi India Ltd is also considering selling a part of its unit.
For Further Detail You Should Visit At www.hitachi.com Global Site Of Hitachi.
Tags: hitachi india limited, hitachi ltd

Punjab National Bank has announced the launch of its “PNB Festival Bonanza Offer 2010” for housing loans and car loans.

Under the offer, the state-owned bank will offer housing loans up to Rs 50 lakhs at a discounted interest rate of 8.50 per cent under fixed interest rate option (three years) across all repayment tenors, with a proviso that the applicable rate will be base rate in case it crosses 8.5 per cent.

Besides full waiver of processing (upfront) fee and documentation charges, the margin also stands reduced to 15 per cent for housing loans up to Rs 20 lakhs.

A rebated of 0.50 per cent per annum in rate of interest is also offered to prospective car loan borrowers under fixed option.

This offer is valid from August 20 to December 31, 2010.

On NSE, PNB shares were lower by 1 per cent at Rs 1,176.70. The stock saw a high of Rs 1,197 verus a low of Rs 1,173.80.

Fret no more about downloading the rupee symbol on to your computer. The symbol may take a while to appear on the keyboard but can rightaway be typed as a character, thanks to a newly-created font.

Mangalore-based Foradian Technologies Pvt Ltd has created a font called Rupee_Foradian. It can be downloaded from the company’s blogsite — http://blog.foradian.com — and used for free.

The company's CEO Unni Koroth told TOI that it was "something of an amusement to us in this era of technological advancement" that the government of India said it would take more than a year for the symbol to become commercially available. "We thought of doing something about it," he said. The company created a vector image of the new rupee sign and mapped the 'grave accent' symbol — the key just above the tab button on the keyboard — with it. This keystroke was chosen because most users and programmers don't use it.|

Within the hour, the trial version of the font was downloaded 1,100 times. When downloads crossed the 5,000 mark, the company worked on the full version, which it has also made available for free on the site. A YouTube video — www.youtube.com/watch?v=XSfhzuU7Crw — shows how easy it is to use the symbol. Many users of social networking sites have started using it, as have hundreds of bloggers. Version 2.0 of the font was released within 24 hours of the announcement of the rupee symbol.

Reebok has introduced the Force India Formula One Team merchandize online at www.shop4reebok.com and in stores for Formula One fans in India.

Reebok is especially keen on promoting sports like Formula One, which courtesy Force India, is gaining momentum all over the country.

The association is quite significant as they both have an instant connect with the Indian youth and young fans can now show their support for the team or the sport in a visible manner.

Reebok has also launched their official communication for collection, which shows cricketer Yuvraj Singh cheering for Force India while proudly sporting the tri-colour tee with denims.

Force India will find itself pulsating into the heartbeats of every Indian, with Reebok launching an exclusive range of Force India apparel available for purchase at a click on their website and in stores this September.

Reebok has produced the entire apparel-line required in Formula One to suit the needs of the race team and fans. Reebok has specially created different types of gear like race gear, travel gear, set-up wear and crew wear for the Force India Team's championship racing requirements.

The sports giant will also have a range of shoes and apparel for Force India fans to don. Other than designing the official clothing for Force India, Reebok has also created an entire apparel line-up including shoes, t-shirts, shorts etc, for Force India fans.

The same is available at select Reebok stores across the country and can also be purchased from www.shop4reebok.com.

The price range is user friendly and starts from Rs. 1199 onwards.

Mahindra Aerospace of the $6.3-billion utility vehicle maker Mahindra Group will become the first Indian private firm to manufacture smaller civil aircraft for the Indian general aviation market, which is set to boom this decade.
"We will manufacture the turboprop aircraft in 2-20 seat capacity at our recently acquired Gippsland Aeronautics (GA) in Victoria State of Australia and market them in India," Mahindra Board Member, Mr Hemant Luthra, told IANS here.
Once Mahindra Aerospace plant at Malur near Bengaluru is set up and certified for production in the next three years, the manufacturing will be shifted to India to hard-sell the multi-utility aircraft for various civil aviation requirements. "We want to be the premier Indian producer of aircraft. We will explore every opportunity to become a top aircraft manufacturer on the lines of the Brazilian Embraer," Mahindra Vice-Chairman and Managing Director, Mr Anand Mahindra, said on the margins of an aviation event here on Saturday. The 26-year-old GippsAero is a leading turboprop aircraft manufacturer for the general aviation sector and has certification in 32 countries worldwide, including the US Federal Aviation Regulations (FAR 23), which testifies the highest degree of safety to fly fare-paying passengers between small and remote airfields.
Mahindra Aerospace acquired majority stake (75.1 percent) in GippsAero and Aerostaff Australia for Rs.175 crore ($38 million) in December 2009 jointly with Kotak Private Equity. Aerostaff is a 20-year-old manufacturer of aerospace components and assemblies for global aerospace original equipment manufacturers (OEMs) at Port Melbourne in Victoria state. About 250 smaller aircraft of GippsAero operate in 34 countries. It currently has an order book to manufacture about 20 aircraft in the 8-10 seat capacity.

Like Dollar $ or the Euro € or the Pound £, the Indian rupee will also now have its own symbol very soon. The Cabinet is expected to choose a symbol today which will represent Indian currency all over the world, just like the symbols of other currencies do. The government had announced a competition for designing symbol and they also announced a prize money of 2.5 lakh for winning symbol. The creator of winning symbol will have this prize money. The authorities had chosen five designs earlier but today the final design would also be declared by the cabinet.
Finance Minister Pranab Mukherjee says that they are looking for a design which reflects and captures the Indian ethos and culture. Current symbols ‘Re’ or ‘Rs’ are also under use of India’s neighbors like Pakistan, Sri Lanka and Nepal.

Direct Tax Code 2011 or New Revised Draft Direct Tax Code Released by Finance Minister Shri Pranab Mukherjee. This new draft direct tax code, which is a document containing changes in Exemptions, Tax slab. This will be a big change to four decades old Income Tax Act.
The Central Government presented a landmark draft for a Direct Tax Code 2011 or New Revised Draft Direct Tax Code. The draft is expected to revolutionize the existing taxation system in India, by changing corporate as well as personal income tax calculation and planning Structures.
According to the discussion paper on the new Direct Tax Code for 2011, “The indicative tax slabs and tax rates and monetary limits for exemption and deductions proposed in the direct tax code will be calibrated while finalizing the legislation”.
The first version of the draft of the new tax code was released in the month of August this year and this is the new and revised version of the same. The new direct tax code is expected to be introduced in the Indian Parliament in the next session.
The new DTC would also explore financial areas of concern like wealth tax, pensions, money from gratuity, Special Economic Zones (SEZs),transfer pricing rules and taxes on charitable organizations, among others.

A discussion paper on the new revised Direct Tax Code for 2011 has been unveiled by the government on Tuesday. The new Direct Tax Code is expected to make a lot of changes in the corporate as well as personal income tax calculation and planning.

According to the discussion paper on the new Direct Tax Code for 2011, “The indicative tax slabs and tax rates and monetary limits for exemption and deductions proposed in the direct tax code will be calibrated while finalizing the legislation”.

The first version of the draft of the new tax code was released in the month of August this year and this is the new and revised version of the same. The new direct tax code is expected to be introduced in the Indian Parliament in the next session.

Reliance Big Entertainment Ltd has bought a majority stake in IM Global, a Hollywood film sales company with bases in Los Angeles and London, in a bid to ramp up its own distribution abilities for Bollywood movies in key markets outside India such as the UK and US.

The move pits Reliance Big in direct competition with Eros International, the Kishore Lulla-promoted, London-based company that is the biggest distributor of Bollywood films outside India.

Financial details of the acquisition are not known.

Bobibanking is the short form of Bank of Baroda Internet banking Online.Bobibanking is a great facility to the customers of Bank of Baroda to stay connected with the bank transactions online for 24 hours 7 weeks.
Its easy to use the Bobibanking just visit at https://www.bobibanking.com/

fill up your login user name & password and enjoy the banking services at your own convince.

Private carrier Jet Airways will start "Konnect Select", an upgraded service of its existing all economic class "Jet Konnect", for business class travellers from April 26 on several domestic routes.

"It will be a premium cabin on several domestic routes, effective from April 26. Konnect Select is specifically targeted at the business and leisure travellers who desire more flexibility, comfort and benefits," the airline's chief commercial officer, Sudheer Raghavan, said in a statement Thursday.

"Konnect Select" will provide travellers with lounge access, priority check-in at dedicated counters as well as priority baggage tagging and baggage allowances.

Jet Konnect is Jet Airways' all-economy service on key domestic routes. It links five major metros - Mumbai, Delhi, Chennai, Bengaluru and Kolkata - with several destinations across India, operating over 195 flights daily.

"It will feature wider and more comfortable seats similar to Jet Airways (Business Class) seats, cabin separated from the all-economy seats. The services will also include complimentary in-flight reading material, a welcome drink, and complimentary hot meals on-board," Raghavan said.

Reliance Mutual Fund has come up with a fixed maturity plan —Fixed Horizon Fund - XIV - Series 9. As per the scheme information docu-ment, the primary investment objective is to generate regular returns and growth of capital by investing in central and state government se-curities and other fixed income or debt securities, normally maturing in line with the scheme’s maturity, with the objective of limiting in-terest rate volatility.

The close-ended scheme, which opened for sub-scription from April 7, 2010, will close on April 15, 2010. The mini-mum subscription amount for the scheme is Rs 5,000.

SEBI has banned 14 major insurance companies from raising any money from public for any unit linked insurance products. Issues have crawled up between SEBI and supervisory body IRDA.
Secuirity and Exchange Boards of India, SEBI has reportedly banned 14 top insurance companies from raising money from public for any ULIP’s (Unit Linked Insurance Products). The market regulator, SEBI has blown  a spark between itself and insurance supervisory body, IRDA.

The companies which have been affected are Reliance Life, ING Vysya Life, Kotak Mahindra old mutual life,Bajaj Allianz, Bharti AXA, Birla Sunlife, HDFC Standard Life, SBI Life, ICICI Prudential, TATA AIG, Aegon Religare Life, Aviva Life, Max New York Life, Metlife India.

SEBI, passed the order last night and stated that the entities have not acquired registration from the regulator. Although, the ULIP’s that had been launched by them had mutual funds as their investment component nature. The order would be enforced immidiately.

In January, notices have been issued to these companies to show reasons. IRDA,Indian Regulatory and Development Authority, stated to sources on this by saying, that they are awaiting for a copy from SEBI for the same and then it would approach the court to determine ULIP regulatory jurisdiction.

It also said, that an estimate of 1 lakh crore is done on the products and it is yet not clear what the court has decided on the issue.

April 1st, 2010 brings around a pleasant surprise for savings bank account holders- interest income will be higher going forward. This is due to the fact that RBI has instructed banks to change the mechanism of interest income calculation- it’s now going to be based on the ‘daily balance method’ with the rate of interest remaining the same at 3.5% p.a.

Why you must opt for a joint home loan

Earlier method of interest rate calculation

Banks would pay interest @3.5% p.a. on the lowest available balance in the account between the 10th and the last day of the month.

Impact of the same

Any deposit in the account between the 10th and the end of the month, would not earn the account holder any interest as it is not part of the interest rate calculation. Any withdrawal between the same period, would result in lower interest income as the lowest balance would be taken into account for the calculation.

Onlinesbi:Simplified online payment through internet banking or through 800 SBI Branches

Features : Free, anytime, anywhere, convenient tax paying facility, easy simple hassle free 24*7

E-payment of direct taxes is compulsory for whom provisions of section 44AB of income tax are 1961 are applicable. Last date for payment of advance tax is 15th march.