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Kotak Mahindra gets $51 mn credit from WB entity
As a first initiative of its kind in India, a World Bank entity will provide credit facility of up to $51 million to Kotak Mahindra Bank to help small and medium enterprises, hit hard by the global financial crisis, meet their export and import obligations.

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PwC tax head, others quit to join KPMG
PricewaterhouseCoopers’ (PwC’s) head of tax practice Dinesh Kanbar, and close to a dozen other senior tax executives, are leaving the firm to join rival KPMG.

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New FTP clarifications to benefit Customs, excise officials
The Central Board of Excise and Customs (CBEC) has issued Circular number 26/2009-cus dated September 30, 2009, clarifying various changes made consequent to announcement of the new Foreign Trade Policy (FTP). Exporters must take note of the following:
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NDTV ties up with Tata Comm for technology

Tata Communications, a leading provider of a new world of communications, announced that India-based NDTV Convergence has chosen its LiveBroadcast service, a high-quality, flash-based streaming service, to broadcast three national channels in India — two news and one business — over the internet to a global audience. - US markets end down; ICICI Bank soars 6% - Tata Comm launches internet clean pipe solution - Tata Comm enters managed banking infra solutions space - Tata Comm launches mobile video telephony service - Indian firms re-route Net traffic after Taiwanese earthquake - Tata Communications completes intra-Asia undersea cabling The LiveBroadcast service is a part of Tata Communications’ suite of Content Delivery Network (CDN) services that are powered by BitGravity’s technology. LiveBroadcast will deliver the resources and scalability to support NDTV’s growing audience and their need for content and dynamic flow of content, especially during peak times of news traffic. By leveraging the LiveBroadcast service, NDTV can avoid the challenges and capital outlay of scaling infrastructure to delivery live video over the internet. Tata Communications’ solution eliminates the need to install equipment on NDTV’s premises, saving on infrastructure costs and allowing for maximum uptime and scalability when channels are added. To delivery the service, Tata Communications receives live feed from the satellite and streams the contents on NDTV’s website using the CDN platform. Kawaljit Singh Bedi, CTO of NDTV Convergence said, “Tata Communications’ LiveBroadcast service offers a more cost-effective way to improve the quality and provide consistency of NDTV’s internet live broadcasts. “We found a specialised video delivery provider in Tata Communications. We receive superior quality, scale and multiple delivery options that create new monetizing opportunities for our content,” he added.


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