Date: 22nd May, 20081. State Bank of India has decided to suspend loans for purchasing tractor and other farm equipments; however the measure is temporary.
2. The tractor loan at present is to the order of Rs. 7000 crore out of which 15% is NPA according to SBI sources.
3. SBI has agreement with leading tractor manufacturing companies like Mahindra & Mahindra, TAFE Ltd and Sonalika Group for tractor financing.
4. Pressure from Carl Icahn, a leading investor in Yahoo, has forced Yahoo group to reopen talks with Microsoft.
5. ONGC Videsh Ltd. has decided to give up its block in Ghadames basin, Libya.
6. The decision was taken because the block had become unprofitable for ONGC Videsh Ltd.
7. Lakshmi Machine Works (LMW), a textile manufacturing firm in India, has decided to set up a Greenfield project in China.
8. HCL Technologies, India’s software company, has said that the company expects to earn revenue of $100 million in next two years from West Asia.
9. In West Asia the company operates in the UAE, Kuwait, Saudi Arabia, Bahrain and Egypt.
10. At present HCL earns over $1.8 billion from abroad out of which 55% comes from US.
11. Microsoft had over 95% market share in the desktop market of India in 2006-07.
12. Windows 2000, Windows XP Home, Windows NT, Windows XP Pro, Windows 95/98, Windows Vista were the operating systems of Microsoft which were sold in India in 2006-07.
13. Personal Computer (PC) sales in India in 2007-08 were 5.75 million units.
14. The total installed base of PC in India is considered to be over 25 million units.
15. RPG group is planning to spend around Rs. 1000 crore in India for retail expansion.
16. Central retail brand of stores which is owned by Future Group is planning differentiated product and pricing strategy for different market.
17. Indian Railways has launched a new scheme called Dial-a-ticket.
18. According to Dial-a-ticket scheme, railway ticket will be provided to the doorstep of the customers.
19. Waitlist e-ticketing service has been started by Indian Railways.
20. This new scheme is available on the website http://www.irctc.co.in/.
21. The net profit of Chennai port for the year 2007-08 was Rs 302 crore.
22. As compared to previous years profit of Rs 197 crore the profit this year has increased by 54%.
23. India-Russia trade to be worth $10 billion in next two years.
24. At present the trade turnover between the two countries is $5 billion.
25. India and Russia has also signed a pact for the development of titanium plant in Bhubaneswar, India.
2. The tractor loan at present is to the order of Rs. 7000 crore out of which 15% is NPA according to SBI sources.
3. SBI has agreement with leading tractor manufacturing companies like Mahindra & Mahindra, TAFE Ltd and Sonalika Group for tractor financing.
4. Pressure from Carl Icahn, a leading investor in Yahoo, has forced Yahoo group to reopen talks with Microsoft.
5. ONGC Videsh Ltd. has decided to give up its block in Ghadames basin, Libya.
6. The decision was taken because the block had become unprofitable for ONGC Videsh Ltd.
7. Lakshmi Machine Works (LMW), a textile manufacturing firm in India, has decided to set up a Greenfield project in China.
8. HCL Technologies, India’s software company, has said that the company expects to earn revenue of $100 million in next two years from West Asia.
9. In West Asia the company operates in the UAE, Kuwait, Saudi Arabia, Bahrain and Egypt.
10. At present HCL earns over $1.8 billion from abroad out of which 55% comes from US.
11. Microsoft had over 95% market share in the desktop market of India in 2006-07.
12. Windows 2000, Windows XP Home, Windows NT, Windows XP Pro, Windows 95/98, Windows Vista were the operating systems of Microsoft which were sold in India in 2006-07.
13. Personal Computer (PC) sales in India in 2007-08 were 5.75 million units.
14. The total installed base of PC in India is considered to be over 25 million units.
15. RPG group is planning to spend around Rs. 1000 crore in India for retail expansion.
16. Central retail brand of stores which is owned by Future Group is planning differentiated product and pricing strategy for different market.
17. Indian Railways has launched a new scheme called Dial-a-ticket.
18. According to Dial-a-ticket scheme, railway ticket will be provided to the doorstep of the customers.
19. Waitlist e-ticketing service has been started by Indian Railways.
20. This new scheme is available on the website http://www.irctc.co.in/.
21. The net profit of Chennai port for the year 2007-08 was Rs 302 crore.
22. As compared to previous years profit of Rs 197 crore the profit this year has increased by 54%.
23. India-Russia trade to be worth $10 billion in next two years.
24. At present the trade turnover between the two countries is $5 billion.
25. India and Russia has also signed a pact for the development of titanium plant in Bhubaneswar, India.
Website: http://www.ebiz16c.blogspot.com
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