FINANCE

Nobel Prize 2011 in Economics goes to US experts

Nobel Prize for Economic Sciences has gone to Thomas J. Sargent of the New York University and Christopher A. Sims of the Princeton University, for their empirical research on cause and effect in the macroeconomy.   They have studied how are GDP and inflation affected by a temporary increase in the interest rate or a tax cut? What happens if ...

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Ministry extends date for filing DIN-4e form for company directors

The Ministry of Corporate Affairs through a clarification on the Allotment of Director’s Identification Number (DIN) under Companies Act, 1956 has extended the time for filing DIN-4 by DIN holders for furnishing the PAN and to update PAN details upto 15.12.2011. It amends a General Circular issued by the ministry on May 31, 2011 that said with effect from June ...

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Cisco experiments cloud-based remote class near Bangalore

Cisco is experimenting its remote education system in government schools using the Cisco Education Enabled Development (CEED) platform under its Inclusive Growth initiative. The pilot will deploy specialized remote supplementary teaching for five government schools in Hoskote Taluk, Bangalore Rural District in the state of Karnataka. AN MoU has been signed with the government of Karnataka. “Using the CEED platform, ...

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Telangana agitation update: Roadblocks in Nalgonda, no power in many districts

Andhra Pradesh is under siege as vehicles from Andhra region were stopped by anti-Telangana protesters from entering Hyderabad near  Vijayawada while many travellers to the state capital were left stranded with no hope in sight for the 24-day-old agitation. On the other side, in Telangana districts like Nalgonda, roadblocks were held by protesters and many of them had to be ...

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Erstwhile Brigade Road barber proves mettle in car rentals

Erstwhile barber on Brigade Road in Bangalore has become the owner of a million dollar car rental company with 154 imported cars, thanks to the boom in IT industry in the last two decades. Ramesh Babu inherited a salon from his father who died when he was a teenager. When Ramesh finished his graduation from a local college, he began ...

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