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SBI gets final nod for non-life venture
Public sector lender State Bank of India (SBI) today received final approval for its general insurance venture from the sectoral regulator IRDA.

Infosys: Value at home
Infosys Technologies intends to ramp up business in the domestic market. It recently set up an India-dedicated unit within Infosys BPO — its business process outsourcing arm. The order book has already begun to see action, inform company executives. The domestic BPO arm has won a Rs 250-crore BPO contract from the income-tax department and is soon going to sign a letter of intent for another government deal, says Infosys BPO CEO and Managing Director Amitabh Chaudhry.

News of the day

Budget tax sops to help individuals save Rs 1,000/ yr
Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.
Small Business

Cabinet meet cancelled

A meeting of the Union Cabinet scheduled today was cancelled in view of Prime Minister Manmohan Singh"s visit to Kolkata to see the ailing CPI(M) leader Jyoti Basu. - Basu responding to treatment: Yechury - Basu"s condition improves marginally, says aide - PM to meet ailing Basu - Basu"s son deplores rumours - Basu on ventilator, condition "very critical" - Basu"s condition turns serious 95-year-old Basu, who is in a critical condition since yesterday morning, is on ventilator at a private hospital in Kolkata. Basu, who is suffering from acute pneumonia, was admitted to the hospital on Friday. His condition has "marginally improved" today, his personal assistant Jaykrishna Ghosh said quoting doctors.


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