Piramal Health set to acquire US based Decision Resources Group for 3,400 crore

Piramal Healthcare is set to buy the US based Decision Resources Group for 3,400 crore ($635 million). This marks the Group’s entry into the $5.7 billion healthcare information management business.

National Florence Nightingale Award

National Florence Nightingale Award for Nursing Personnel 2012 - P.K. Vineetha

Cabinet may take up pricing issue for TAPI project

The Union Cabinet is likely to consider pricing issue for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The cabinet has already approved and rectified the agreement for this project. The Gas Sale and Purchase Agreement (GSPA) for this project has not been signed yet.

Electronic payments still lower than cheque transaction

Cheque payments amounted to Rs 98.9 lakh crore, against the 22 lakh crore paid using the electronic medium in 2011-12, RBI data shows.

Terms of the day

FCNR Deposit – Foreign Currency Non-Resident Deposit

NRE – Non-Resident External rupee accounts

NRO – Non-Resident Ordinary rupee accounts

MAT – Minimum Alternative Tax

IMD – India Meteorological Department

OVL – ONGC Videsh Ltd (the overseas subsidiary of ONGC)