Benefitax German chartered accountants in Frankfurt am Main, warns against typical mistakes when operating a subsidiary in Germany. Investors often want to appoint non-German employees or shareholders as managers in Germany. While this is possible, it can make the German company liable for tax abroad. Insofar as foreign managers want to live in Germany, they [...]
S Dilli Raj, CFO, SKS Microfinance Limited, today said a couple of existing investors have evinced interest in the proposed Qualified Institutional Placement in view of the fact that the Company is seeking growth capital to fund opportunities stemming from the unprecedented consolidation in the microfinance sector. “The non-Andhra Pradesh outstanding has reduced by $2 [...]
Bharti AXA General Insurance has been awarded the “Risk Manager of the Year” award at the prestigious “Asia Insurance Industry Awards” held at Singapore on the 31st of October 2011. Bharti AXA GI had been shortlisted in the “Risk Manager of the Year” category for making risk mitigation extremely customer centric on one hand and [...]
Sharekhan Investment Services Ltd, a subsidiary of Sharekhan Ltd., India’s leading retail stock brokerage houses with a strong online trading platform, has received a license from the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC). This license re-affirms Sharekhan’s commitment to grow its Middle East operations. They have also [...]
IFC, a member of the World Bank Group, has rolled out its Business Edge training for business owners and managers in India. The interactive training program will help improve management skills and support productivity and efficiency improvements for small and medium enterprises and middle managers of larger firms. IFC’s Business Edge program uses a comprehensive [...]
ICICI Bank Limited (“ICICI Bank”), India’s largest private sector bank today, announced the launch of Money2SriLanka (M2SL), an online remittance tracking facility in collaboration with Sampath Bank PLC. ICICI Bank has a presence in Sri Lanka through its branch office in Colombo. M2SL is a web-based online remittance tracking platform which facilitates remittances from various [...]
The National Council of Applied Economic Research (NCAER) in New Delhi announced the appointment of the economist and World Bank Economic Adviser Dr. Shekhar Shah as its new Director-General. In making the announcement, Nandan Nilekani, President of NCAER’s Governing Body and Chairman of the Government of India’s Unique Identification Authority, said: “I am delighted that [...]
New Delhi, India, May 2, 2011—IFC, a member of the World Bank Group, is partnering with India’s PTC Financial Services Limited, a nonbanking-finance company, to support smaller infrastructure local firms in developing sustainable and renewable sources in India. IFC will provide $50 million (2,250 million Indian rupees) to help PTC Financial Services extend its reach [...]
Over 1,000 NRI family members and friends came together on Sunday April 10, 2011 at Intercontinental The Lalit, Mumbai to attend a dazzling event organized by Remit2India, the leading online money transfer service. The most exciting party began with a breathtaking performance by the core team of the most popular dance show of the country- [...]
A record number of people are registered to attend the 20th annual BMO Capital Markets (NYSE: BMO)(TSX: BMO) Global Metals & Mining Conference, one of the largest events in the world for metals and mining investors. The event will be held from February 27 to March 2 in Hollywood, Florida. “This is the 20th anniversary [...]