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| LIC to invest Rs 1 lakh crore in stock market in 2009-10 Sep 3, 09 |
State-run life insurance major LIC [ Get Quote ] on Thursday said it will invest Rs 1 lakh crore (Rs 1 trillion) in the equity market in the current fiscal, up from Rs 35,000 crore (Rs 350 billion) during 2008-09.
"We have already invested Rs 40,000 crore (Rs 400 billion) in the stock market in the first four months of the current fiscal and by March 2010 the company would invest Rs 1 lakh crore (Rs 1 trillion) in the stock market," LIC zonal manager (north) Vinay Kumar Sinha told reporters.
LIC had invested about Rs 35,000 crore (Rs 350 billion) in equity market during 2008-09, he said. .... More |
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| Million-dollar businesses you never heard of Sep 3, 09 |
Ahmed worked for Bio-Rad, which markets DNA-imaging equipment. Salamunovic noticed Bio-Rad's brochure on the table and to his untrained eye, the images looked like art.
Turns out others saw it that way too. Smelling opportunity, in 2005 the twosome plunked down $2,000 in savings for initial prints and a Web site to feature their work; they outsourced DNA imaging to a DNA-extraction lab in Montreal. Working out of Ahmed's apartment, they sold a few prints to family and friends. As the work caught on, they were invited to showcase at an Absolut Vodka-sponsored party in Ottawa's SOHO neighbour .... More |
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| TCS to hire 25,000 this year Sep 3, 09 |
Leading IT company Tata Consultancy Services said it plans to add 25,000 employees this year.
The company added that, finding immense potential in government projects, it is aiming at 10 per cent of its total revenue from these projects in the next three years.
"Currently, our revenue from government projects is very small and we want to raise it to at least 10 per cent of our total revenue in the next three years," TCS vice president (head global government industry group) Tanmoy Chakrabarty said on Thursday on the sidelines of an E-revolution initiative organized jointly by Punjab, H .... More |
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