Business - Electronic Gurudev

Feb182017 by Team - The Digital IndianNo Comments

Iran finds 2 billion barrels shale oil reserves: Agency

Iran

Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday. “Based on studies, it is estimated that the shale oil reserves in Ghali Koh in Lorestan amount to 2 billion barrels of oil in place,” Bahman Soleimani, NIOC’s deputy director for exploration, told the semi-official news agency Tasnim. “The oil is light.” Soleimani said exploration was also being carried out for shale gas reserves in the area, and the studies were expected to be completed by October, 2017. Iran’s proven oil reserves of about 160 billion barrels, almost 10 percent of the world’s total, rank it fourth among petroleum-rich countries.

Feb112017 by Team - The Digital IndianNo Comments

Steps taken sufficient are enough to address P-note concerns: Sebi

Economy

Sebi today said steps taken by it on P-notes are “sufficient enough” to address the concerns of SIT on black money, but the regulator is open to further suggestions, even as it asserted that consistent tightening of norms have made these instruments less attractive. “The consistent tightening of Offshore Derivative Instrument (ODI) norms by Sebi has not only been through increased compliances but also improved transparency,” the regulator said after its board meeting where the issue was also discussed. Over the years, foreign portfolio investments through ODIs, popularly known as Participatory Notes (P-notes), has come down significantly. The regulator said the simultaneous liberalisation in registration process of foreign portfolio investors has made the P-notes “less attractive vis-a-...

Feb112017 by Team - The Digital IndianNo Comments

Long-gestation projects responsible for high NPAs: Urjit Patel

Economy

RBI governor Urjit Patel says problem of NPAs was earlier also but it is only recently issue was being recognized. New Delhi: RBI Governor Urjit Patel today attributed the banks grappling with high bad loans to legacy issues saying they are mostly on account of credit facility provided for long-gestation projects before 2011-12. He further said the problem of non-performing assets (NPAs) was earlier also but it is only recently that the issue is being recognized. Patel said that sectors in which bad loans have emerged over the years pertain to long-gestation projects, which were mostly funded before 2011-12. “Therefore, …by definition, this proportionate amount is a legacy issue, although the recognition and reporting of these have taken place only recently,” the RBI Governor s...

Oct242012 by Anchit PandeyNo Comments

[Guest Post] Smartphones Apps for a Successful Online Business

Technology

Smartphones Apps have transformed the way of business operation. Now more companies are shifting towards these services or apps to attract more customers and grow their business. These days’ people wish everything to be at their fingertips and if companies are lacking in providing such services than it is sure that they are going to drop from their present position, which will ultimately result in drop of their business. There are loads of smartphone apps whether it is for the Apple’s IPhone or Google’s Android or Windows Phone. Smartphones Apps for a successful business online. Documents to go: This apps helps to view, edit and customize the MS office word, excel, PowerPoint files. Some of the supported formats are .docx, .xls, .xlsx, .ppt. It is the paid apps. Completely pas...