Briefly Business

Pepsico to pump Rs 700 cr into India

NEW DELHI: Focusing on India as a rapidly growing market,US soft drinks giant Pepsico would pump in an estimated Rs 700 crore to set up four new food and beverages projects by 2012.

India,Germany enter social security pact

NEW DELHI: The government has entered an agreement on social insurance with Germany. The agreement is intended to benefit employees and employers of both India and Germany. Under the pact,employers are saved from making double social security contributions for the same set of employees thereby enhancing competitiveness.

International tax meet kicks off

MUMBAI: The Asia-Oceania Tax Consultants Association in association with All India Federation of Tax Practitioners has kicked off its first international tax conference in Mumbai from November 19. The conference,which ends on Saturday,would offer better understanding of global taxation and India’s role and responsibility on the global platform. The conference will be attended by over 100 delegates from 13 countries such as the USA,UK,Australia,Japan,Korea,Taiwan,Malaysia,Indonesia,Vietnam,Hong Kong,Philippines

SEL takes over Maldives school

New Delhi: SRF-promoted academic entity Shri Educare Limited (SEL) will take over the management of a school in Male for the next 15 years following an agreement signed with the Maldives government to this effect. The move is part of the Maldives government to spread education in the island nation under its PPP policy. The Ghiyasuddin School of Maldives,which is being taken over by SEL,has around 1,500 students.

IDBI Fortis launches new product

NEW DELHI: IDBI Fortis Life Insurance has launched Incomesurance Endowment and Money Back plan. The life insurance plan provides additional guaranteed income on every premium paid. At the end of the tenure,an insured can get his income either in lump sum or as an annual money back. “Incomesurance is designed to give a guaranteed income to our customers for their child’s education,planning for daughter’s marriage,providing financial security and ensuring comfortable retirement income,” said Nageswara Rao,MD and CEO. PTI