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Wednesday, August 27, 2014

DLF to Pay Fine of 630 Crores

Supreme Court  rejected DLF's plea to stay the Competition Appellate Tribunal's order upholding the penalty imposed on the builder by the Competition Commission of India and asked it to deposit the penalty amount of Rs 630 crore within three months. 

The apex court also directed DLF to deposit Rs 50 crore within three weeks, refusing to grant a stay on the Compat order. DLF will also have to give an undertaking that it will pay the additional amount based on 9% interest on the penalty if it fail .. 


Tech Mahindra Launches Saral Rozgar Card

IT services major Tech Mahidra today announced the national launch of Saral Rozgar Cards with seeking to create a common pool of jobs and job providers.
Saral Rozgar is a mobile job marketplace that helps blue collared and entry level job seekers to connect to mainstream employers anywhere in India via mobile in their own language in an affordable manner, Tech Mahindra said in a release.
It aims to provide a connect jobs seekers below graduate level and job providers, it added.
Job seekers can now easily access the service by buying the Saral Rozgar card for Rs. 50 and registering through a simple voice call, in their preferred language, by dialling 1860—180—1100 from anywhere in India,” Tech Mahindra Head Mobility Business Jagdish Mitra said.
Presently, Saral Rozgar has over 1 lakh job openings in more than 100 job categories. In Delhi and NCR region, we have more than 15,000 jobs identified in major industrial clusters of Dharuhera, Manesar, Gurgaon, Faridabad, Noida, Sahibabad and Dadri, Tech Mahindra VP Mobility VAS Product and Portfolio Vivek Chandok said.
The top job categories in demand are retail, accounting, tailor, electrician, machine operator, cooks, security guards, F&B executives, delivery boys among others, he added.
“Saral Rozgar cards will be available in more than 1 lakh point of sale outlets with telecom recharge retailers across the country,” Chandok said.
Mobile customers across the country, especially in the semi—urban and rural parts can now easily subscribe to the service by buying the job card for an affordable price of Rs. 50 and availing the service for 60 days. By removing the involvement of any intermediaries, Saral Rozgar reduces the cost of hiring, he added. ( Source : The Hindu Business Line )

Ratan Tata Picks up stae in Snapdeal.com

Snapdeal.com, India’s largest online marketplace has announced that Ratan Tata, Chairman Emeritus, Tata Sons, has made a personal investment in the company. The company did not disclose the exact amount Tata has invested.

Snapdeal currently houses over 5 million products across 500+ diverse categories from over 50,000 sellers. Speaking about this, Kunal Bahl, co-Founder & CEO, Snapdeal.com said in a press statement, 
“This is a very proud and exciting moment for the entire Snapdeal family. An investment by a legendary and respected figure like Mr. Tata is an excellent validation of our focused strategy on building a long-term enterprise and marks the start of a very important phase for the company.”

This comes a day after Tata Value Homes, a 100 per cent subsidiary of Tata Housing, entered into a strategic partnership with Snapdeal.com to allow consumers to purchase homes online. They would together offer online booking of all Tata Value Homes projects on the Web site. Snapdeal members would be able to book a home online by paying just INR 30,000.

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