Stunned by the Central Bureau of India (CBI)'s first information report (FIR) against three of their colleagues, employees at the Securities and Exchange Board of India (Sebi) are considering setting up an association. The objective of the proposed union will be to protect the rights of the staffers, most of whom work on cases involving large corporates. The tasks and responsibilities of Sebi officials have undergone a change with the new powers the regulators have gained. In recent times, Sebi officials have drawn ire while cracking down on Ponzi investment schemes in several parts of the country.

Country’s largest power company NTPC may be forced to tap international solar plant suppliers due to shortage in domestic capacity.

NTPC was laying emphasis on developing a solar power portfolio and had invited tender for 1,000 Mw of solar power project open to only domestic suppliers.

Private sector lender HDFC Bank plans to open 24 new branches in the state by the end of this fiscal, said a bank official.

"HDFC Bank is operating with 97 branches in the state at present. By the end of the financial year, there will be 121 branches in the state with addition of 24 new branches," Debashish Senapati, zonal head, Odisha, HDFC Bank, said at the launch of Secure Banking Programme. PK Jena, Regional Director, Reserve Bank of India, was present at the occasion.

Hyundai Motor Group's global chairman, Chung Mong-koo, arrived here on Saturday night, on a three-day tour.

It is described as a "private visit", though he's come with a 14-member group from the South Korean automobile giant, who are said to be largely technical experts.

An email sent to Hyundai Motor India, subsidiary of Hyundai Motor Corporation, did not get any reply.

State Bank of India, the country’s largest lender, has prepared a three-year schedule for raising the share of its international business in the balance sheet to 25 per cent from 18 per cent at present.

Chairman Arundhati Bhattacharya told Business Standard: “International operations should actually give us a risk diversification. Meaning, it should not be doing only Indian business, sitting at a foreign centre. Of course, it is our strength and we would continue to do part of that but we are now trying to localise as much as possible.”

Bangalore-based information technology services major Wipro is looking to promote entrepreneurship within the organisation through a programme called Horizon Investment Programme. Under this, the central strategic office of Wipro, headed by the chief strategy officer Rishad Premji, invests in ideas that are mooted by business units or verticals in a venture capital (VC)-like fashion.Bangalore-based information technology services major Wipro is looking to promote entrepreneurship within the organisation through a programme called Horizon Investment Programme. Under this, the central strategic office of Wipro, headed by the chief strategy officer Rishad Premji, invests in ideas that are mooted by business units or verticals in a venture capital (VC)-like fashion.

Another acquisition today from Yahoo to beef up its advertising and media business. It is buying Luminate, a startup founded by LiveOps, Netscape and Yahoo alums that has created a platform for interactive, tagged images — or, as we have called it in the past, an AdSense for images.

Terms of the deal, which was announced on Luminate’s homepage, have not been disclosed.

Mumbai: The Infosys Foundation, the corporate social responsibility (CSR) arm of Infosys Ltd, India’s second largest software services exporter, has constituted a corpus fund of Rs30 crore for the Chennai Mathematical Institute (CMI).

This corpus will be used to enhance faculty compensation and support fellowship requirements for research students. In addition, the grant will enable CMI to invite distinguished mathematicians from across the world to mentor students and boost the institute’s quality of research, the company said in a statement.

New Delhi: Australia agreed to sell uranium to India under a pact signed on Friday, giving greater impetus to strategic ties between the two nations and providing a boost to India’s energy sector.

Prime Minister Narendra Modi and Australian Prime Minister Tony Abbott signed the agreement on cooperation in the peaceful uses of nuclear energy in New Delhi. Abbott is the first head of government Modi has hosted at a bilateral level after taking office on 26 May.

If the Mercedes-Benz SLK hard-top convertible wasn't already a stunner in the looks department, the German car maker has now given it a heart of a beast. The SLK 55 AMG has suddenly got, with a 5.5 litre AMG innard, the lung power to go from 0 to 100 km in just 4.6 seconds. And if you still aren't impressed by the AMG badge, its sporty body kit and new power, then the roar of the 5,461cc V8 engine when it switches on will certainly make you realise that your leonine machine is a monster in disguise. As you know, the AMG tag is all about unbridled horsepower that makes you chafe impatiently if you don't cross the red line on the speedometer. And of course, this is possible only because of the stratospheric price at which such indulgences come. The new SLK is true to its AMG genes and ticks the boxes on all these criteria.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.