| Professional
News |
| RBI |
| RBI, FinMin on the same page over
inflation targeting |
|
Delhi : India may have moved
a step closer to adopting the concept of inflation targeting,
with both the Finance Ministry and the Reserve Bank of India
(RBI) coming to “great degree of convergence” on the way
forward.“I am happy that the RBI Governor recently
acknowledged that Government through Parliament will set an
inflation target and leave the regulator to find ways and
means to achieve the target,” Chidambaram said at a press
conference as RBI Governor Raghuram Rajan sat by his side here
on Friday.
|
| RBI raises FII purchase limit in
Manappuram Finance to 49 pc |
|
Maharashtra : The Reserve
Bank on Friday increased the foreign investment limit in
Manappuram Finance Ltd and said such investors can now buy up
to 49 per cent stake in the company. "The RBI...notified that
Foreign Institutional Investors (FIIs), through primary market
and stock exchanges, can now purchase up to 49 per cent of the
paid up capital of Manappuram Finance Limited under the
Portfolio Investment Scheme (PIS)," RBI said in a
notification.
|
| Misc. Corporate Laws
& Other Commercial Policies |
| Gold import curbs to
stay |
|
Delhi : Ahead of the bullion
traders’ strike on March 10, Finance Minister P Chidambaram
made it clear that any decision on relaxing import curbs would
be taken only after the final current account deficit (CAD)
number is firmed up. The official CAD number comes usually
after a two-month lag. The number for October-December quarter
was announced on March 5. It is estimated that the final
number for 2013-14 will come out in June. It implies any
decision on relaxing import curbs, such as lowering import
duty or removing the ‘80:20 scheme’ may have to wait.
|
| Finance & Money
Markets |
| Rupee sheds early gains to trade at
61.12/dollar |
|
Maharashtra : The rupee gave
up some of its early gains in late trade and was quoting at
Thursday’s close of 61.12 against the dollar at 4.10 pm.The
Indian unit gained in early trade in line with the domestic
equity markets, which touched a lifetime high in the
morning.The rupee strengthened to as much as 60.94. It has
been more than 12 weeks since the rupee appreciated below the
60/dollar mark.However, according to dealers, these gains will
be hard to sustain.
|
| Bank stocks rise for fourth straight
day |
|
Maharashtra : Bank stocks
gained for the fourth consecutive day on Friday as positive
macro-economic numbers and hopes of a new, stable government
at the Centre bolstered hopes of better GDP growth in the
coming quarters. The S&P BSE Bankex gained 5.35% on
Friday, emerging the second highest sectoral gainer of the
day. “The market is currently in a risk-on mode, which is why
all sectors and stocks that had been underperforming in the
past 3-6 months have rallied,” said Sonam Udasi, head,
research, IDBI Capital.
|
| Led by FIIs, D-St marches into
uncharted territories; investor wealth surges by Rs 2.88 lakh
crore |
|
Maharashtra : The euphoria
is spreading. Foreign fund managers continue to pour money as
well-heeled investors strike aggressive derivative deals and
retail investors make a cautious comeback to ride the rally in
the Indian stock market which touched a new high on Friday.
But many of them could lose their shirt if their bets on the
outcome of the forthcoming general election backfire. Investor
wealth has surged by a whopping Rs 2.88 lakh crore in the past
four trading sessions alone.
|
| Commodities |
| Iron ore exports drop 19% in 11
months |
|
Karnataka : India’s iron ore
exports fell in February to about 889,882 tonnes, a decline of
16.5 per cent year-on-year. Pellet export shipments were
completely absent in February and there was a notable drop in
buying interest from China, which has built up heavy
inventory. During the period between April 2013 and February
2014, India exported 14.01 million tonnes compared to 17.36
million tonnes in the year-ago period, showing a decline of
19.3 per cent. Odisha alone exported about eight million
tonnes during the first 10 months of the current financial
year.
|
| Gold shoots for fifth straight
week |
|
Delhi : Gold headed for a
fifth straight week of advance despite a fall in intraday
trade on Friday, as fears of an armed conflict in Ukr-aine
enhanced the appeal of safe-haven assets earlier in the week.
Copper, however, hit its meanest since late November on Friday
on poor demand in China, and brent crude, too, fell mainly due
to seasonal factors. Having gained almost 1% on Thursday, spot
gold fell marginally by 0.1% at $1,349.10 an ounce by 1031 GMT
on Friday as physical demand from leading consumer China
dropped at the current elevated level.
|
| INTERNATIONAL
BUSINESS |
| Cerberus Capital to buy Safeway for
$9.4 billion |
|
Safeway Inc, the second-largest US
mainstream grocery store operator, said private equity firm
Cerberus Capital Management would acquire the company in a
deal valued at about $9.4 billion.The offer price of $40 per
share represents a premium of 1.3 per cent to Safeway's
Thursday closing stock price of $39.47 on the New York Stock
Exchange.The deal combines Safeway with Cerberus' Albertsons
chain, creating a dominant grocery franchise on the West
Coast. It also creates a grocery network of more than 2,400
stores and 250,000 employees.
|
| Banking |
| New bank licences in a few weeks: RBI
Governor Raghuram Rajan |
|
Delhi : India will hand out
licences for setting up new banks in a few weeks after a
go-ahead from the Election Commission, Reserve Bank Governor
Raghuram Rajan said on Friday. "Yes, we will ask EC to make
sure, because it's an important issue. The process has taken
place last year. In that sense, it's nothing new. But
certainly we would want them (EC) to be okay," Rajan said at a
press conference, which he addressed jointly with Finance
Minister P Chidambaram, after a meeting of the central bank's
board in New Delhi.
|
| Tenders
& Assignment |
Rural Development And Panchayati Raj Department -
Davanagere Karnataka  |
Description :Independent Concurrent Audit
of the Schemes of Rural Development & Panchayat Raj
Department in Karnataka
Last Date :
15/04/2014
Address :Rural Development
And Panchayati Raj Department,MS Bldg, 3rd Gate, 2nd
Floor
RDPR Dept, GoK, Bangalore 080-22342162
E-Mail :nregs-ka@nic.in
|
| Rural Development And Panchayati Raj Department -
Chickballapur Karnataka |
Description :Independent Concurrent Audit
Of The Schemes of Rural Development & Panchayat Raj
Department In Karnataka.
Last Date :
15/04/2014
Address :Rural Development
And Panchayati Raj Department,MS Bldg, 3rd Gate, 2nd
Floor
RDPR Dept, GoK, Bangalore 080-22342162
E-Mail :nregs-ka@nic.in
|
| Reminders |
| Tenders |
| District Co.operative Central Bank Limited -
Damoh Madhya Pradesh 10/03/2014
|
| Employees Provident Fund Organisation -
Chandigarh Punjab 10/03/2014
|
| Co.operative
Societies 10/03/2014
|
| West Bengal State Rural Development
Agency 10/03/2014
|
| Bihar Health & Family Welfare
Department 11/03/2014
|
| Municipal Corporation - Khandela Sikar
Rajasthan 11/03/2014
|
| National Health Mission, U.T.
Chandigarh 11/03/2014
|
| Karnataka Rural Road Development
Agency 11/03/2014
|
| Northern Coalfields
Limited 12/03/2014
|
| Navodaya Vidyalaya Samiti - Hyderabad - Andhra
Pradesh 12/03/2014
|
| Uttarakhand State Council For Science And
Technology 12/03/2014
|
| State Project Facilitation
Unit 12/03/2014
|
| Air Force Station - Agra Uttar
Pradesh 13/03/2014
|
| BIHAR EDUCATION PROJECT
COUNCIL 13/03/2014
|
| Panchayat Samiti - Chittorgarh Rajasthan
13/03/2014
|
| Municipal Corporation - Bundi
Rajasthan 14/03/2014
|
| Irrigation Department Lucknow - Uttar
Pradesh 14/03/2014
|
| Commissioner Of Income-Tax-5,Government Of
India 14/03/2014
|
| D N P Limited - Dibrugarh -
Assam 14/03/2014
|
| State Health Society -Chandigarh Punjab
14/03/2014
|
| Western Coalfields Limited - Nagpur
Maharashtra 15/03/2014
|
| Karnataka State AIDS Prevention
Society 15/03/2014
|
| Board Of Secondary
Education 15/03/2014
|
| National Horticultural
Board 15/03/2014
|
| |
| |
|
 |
| Economy |
| India |
| Government spending Rs 1 lakh crore for
democraticising information |
| Steel capacity to go up to 135 million tonnes by
2015-16 |
| India’s forex reserves up $954.6
million |
| Current account deficit will be under $40
b |
| India to have highest growth in energy demand:
report |
| |
| International |
| Payrolls in US rise 175,000, unemployment rate
climbs |
| Panama Canal expansion could boost Va.
economy |
| US job growth accelerates, weather cuts into
hours worked |
| Fed should keep trimming US stimulus:
Lockhart |
| |
| Corporate
Watch |
| IOC to buy stakes in Petronas' LNG project
for $900 million |
|
Delhi : Indian Oil Corp, the
nation's largest oil firm, today signed a deal to buy a 10 per
cent stake in shale-gas assets and a linked liquefied natural
gas (LNG) project in British Columbia for $ 900 million. The
acquisition of stake in Progress Energy Resources Corp's shale
gas assets and Pacific NorthWest LNG for 1 billion Canadian
dollars ($ 900 million) marks IOC's maiden entry into North
America.
|
| Thomas Cook, Sterling Holiday ink Rs. 870
crore merger deal |
|
Delhi : Prem Watsa-controlled
Thomas Cook (India) Ltd. (TCIL) and Chennai-headquartered
vacation ownership company Sterling Holiday Resorts (India)
Ltd. have announced a Rs 870-crore merger deal.Post-merger,
Sterling will be a 100 per cent subsidiary of TCIL. It will
continue, however, to retain its name, and be run
independently by its Managing Director, Ramesh Ramanathan, and
his team.The deal has been structured in a manner that
Sterling will get Rs. 187 crore by way of preferential
allotment of 23 per cent stake to TCIL. Since this will
trigger an open offer, Rs. 230 crore has been earmarked by
TCIL for this purpose.
|
| DoT seeks AG's view on initial spectrum
allocation to Tata Tele |
|
Delhi : The department of
telecommunications (DoT) has sought legal opinion from the
Attorney General of India Goolam E Vahanvati on whether it
should allot the initial 4.4 MHz spectrum to Tata Teleservices
for the Delhi telecom circle.Tata Teleservices had paid the
requisite fee to the government in 2008, but was not allocated
the initial spectrum of 4.4 MHz each for GSM and CDMA
licences. At that time, the initial 4.4 MHz of airwave was
linked with the licence in each service area.
|
| Wipro restructures its India, West Asia
business |
|
Karnataka : Wipro, India’s
third-largest information technology (IT) services company, is
rolling out a structure for its domestic and West Asia
business, Wipro Infotech, to bring greater focus and
accountability.The structure, to be almost a ‘mirror image’ of
the one for Wipro Technologies, the global IT services
business, would bring greater focus to the market, which
accounts for nine per cent of its overall revenues.
|
| |
| Tenders
& Assignment |
| District Panchayat - Mandla Madhya
Pradesh |
|
Description :Audit work by
chartered accountant firms.
Last Date
: 17/03/2014
Address
:District Panchayat Mandla
Madhya Pradesh
|
| Maharashtra State Co-Operative Marketing
Federation Limited |
Description :Appointment of
Charted accountant firms, Charted account for work of Internal
audit & Movable & immovable stock verification.
Last Date : 18/03/2014
Address :Maharashtra State
Co-Operative Marketing Federation Limited,Kanmoor House.Narsi
natha St.Masjid,Mumbai-400009. Phone
:23752294 E-Mail :managervalbhav@mahamarkfed.org
|
| National Rural Health Mission - Guwahati
Assam |
Description :Selection of
Auditors request for proposal Hiring Services of Chartered
Accountant Firm for Statutory Audit of State health Society
(SHS) and District Health Society (DHS) for the Financial Year
2013-14 under National Health Mission. Last
Date : 18/03/2014 Address
:National Rural Health Mission,Saikia Commercial
Complex,G.S.Road, Christianbasti,Guwahati-05
E-Mail :misnrhm.assam@gmail.com
|
| Department Of Rural Development - Gandhinagar
Gujarat |
|
Description :Registered C.A.
firms for Pre-audit work of twenty –six.
Last
Date : 21/03/2014
Address
:Department Of Rural Development,Block 16,3rd
Floor.Dr.Jivraj Mehta Bhavan,Gandhinagar
|
| National Rural Health Mission - Port Blair
Andaman And Nicobar |
Description :Hiring Services
of Chartered Accountant Firm For Statutory Audit Of State
Health Society (Shs) & Distinct Health Society (Dhs)-(For
The Financial Year 2013-14) Under National Health Mission
(Nrhm). Last Date : 22/03/2014
Address :Office Of State Health
Society,1st Floor,Ayush Hospital,Atlanta Point port Blair
744104 South Andaman Phone
:03192-234965 E-Mail :nrhm.anislands@gmail.com
|
| Central Electronics Limited - Sahibabad Uttar
Pradesh |
|
Description :Application For
Appointment Of Internal Auditor For FY 2014-15.
Last Date : 25/03/2014
Address :Central Electronics Limited,
Site 4, Industrial Area, Sahibabad – 201010 (U.P.)
|
| Food Corporation Of India - Punjab
Region |
|
Description :Appointment of
Firms of Chartered Accountants Constituting Partnership Firm
Or Limited Liability Partnership Firm For Undertaking Internal
Audit & Physical Verification Of Stocks In Fci Punjab
Region.
Last Date : 02/04/2014
Address :Asstt. Genl. Manager
(Audit), Zonal Office (North), A-2A, A-2B, Sec-24, Noida,
Uttar Pradesh- 201301
|
| Rural Development And Panchayati Raj Department -
Bangalkot Karnataka |
Description :Independent
Concurrent Audit of The Schemes of Rural Development &
Panchayat Raj Department In Karnataka Last
Date : 15/04/2014 Address
:MS Bldg, 3rd Gate, 2nd Floor RDPR Dept, GoK,
Bangalore 080-22342162 E-Mail :nregs-ka@nic.in
|
| Rural Development And Panchayati Raj Department -
Tumkur Karnataka |
Description :Independent
Concurrent Audit of The Schemes of Rural Development &
Panchayat Raj Department In Karnataka. Last
Date : 15/04/2014 Address
:MS Bldg, 3rd Gate, 2nd Floor RDPR Dept, GoK,
Bangalore 080-22342162 E-Mail :nregs-ka@nic.in
|
| Rural Development And Panchayati Raj Department -
Haveri Karnataka |
Description :Independent Concurrent Audit
of the Schemes of Rural Development & Panchayat Raj
Department in Karnataka
Last Date :
15/04/2014
Address :MS Bldg, 3rd
Gate, 2nd Floor RDPR Dept, GoK, Bangalore 080-22342162
E-Mail :nregs-ka@nic.in
|
| |
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