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Business upturn buzz in season's extravagant shows
For filmstar Bipasha Basu, the New Year festivities will be a hugely rewarding experience. As she spreads cheer among fellow Mumbaikars, Basu will get a whopping Rs 2.47 crore for a 15-minute song-and-dance appearance at Mumbai’s Sahara Star, a suburban hotel next to the airport.

India Eco Summit: Infosys BPO to hire 2,000 by FY10-end
Infosys BPO, the back-office unit of IT firm Infosys Technologies, today said it would hire 1,500-2,000 people by the end of the current fiscal.

News of the day

Hindutva party?
The BJP has often rubbished its critics who said reciting Vande Mataram was a non-secular act. Ironical then, that at a recent function organised by the BJP, the emcee was the only one who got the stanzas mixed up. All chartered accountants at the function on the direct taxes code organised by the BJP managed to sing the song in the correct order. After the first stanza, however, the emcee jumped to the last stanza while the audience continued to sing it in the correct order.
Small Business

India Inc borrowing dips to $1 billion in August

Overseas borrowings by India Inc fell by nearly half to $1.08 billion in August against $2 billion during the previous month. - India Inc"s staff cost grew slower in Q4 of last fiscal - India Inc eyes Sri Lanka for projects - India Inc eyeing Sri Lanka for projects - India Inc mops up Rs 40,000 cr via debt in Q1 - India Inc settles for smaller M&A deals - India Inc"s hiring slows down 3.6% in August: Naukri.com The total overseas loans raised by over 50 companies through external commercial borrowings (ECB) was down from $2 billion in July to $1 billion in August, according to the ECB data released by the RBI today. Of the total borrowings, $934 million was raised through automatic route and USD 154 million was mopped up through approval route. The ECB data for August showed that most of the companies raised overseas funds for import of capital goods, modernisation, projects, among other things. Out of $1 billion, Tata Teleservices borrowed $300 million through automatic route for import of capital goods, while Petronet LNG mopped up the same amount for modernisation and projects. Besides them, Hindustan Oil Exploration Company raised $125 million during the month. Other firms which borrowed in August include Systema Shyam Teleservices and Mahindra Vehicle Manufacturers.


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