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- Corporate social responsibility should be voluntary: Bharti Airtel chairman
New Delhi, Sep 2: Corporate social responsibility (CSR) should not be made mandatory for companies, Sunil Mittal, chairman of India's telecom giant Bharti Airtel, said today.
"....
- Reliance Capital appoints Madhusudan Kela Chief Investment strategist
Mumbai, Aug 27: Reliance Capital, a part of the Anil Dhirubhai Ambani Group, today announced the appointment of Madhusudan Kela as Chief Investment Strategist of the company.
Kela, cu....
- Business returning to old world values, the Tata way
New Delhi, Aug 8: In the footsteps of India's Tata Group - which is hunting for a successor right now - business houses across the globe are resorting to old world values of community servi....
- Four state firms given Maharatna status in May
New Delhi, Aug 3: The government has accorded the coveted Maharatna status to NTPC, Oil and Natural Gas Corporation, Steel Authority of India Limited and Indian Oil Corporation, allowing the fo....
- Reliance Industries net up 32 percent
Mumbai, July 27: India's largest private sector company Reliance Industries (RIL) today reported a 32.3 percent increase in net profits at Rs.4,851 crore ($1.03 billion) for the quarter end....
- ITC plans mega investments across businesses
Kolkata, July 23: Hotel-to-cigarette major ITC plans major investments of nearly Rs.100,000 crore across all segments of its businesses including consumer goods, paper packaging and hospitality....
- Wipro net up 31 percent in first quarter
Bangalore, July 23: Wipro Ltd posted net profit of Rs.13.19 billion (Rs.1,319 crore) for the first quarter (April-June) of this fiscal (2010-11), registering 31 percent year-on-year (YoY) growt....
- Birla Corp Q1 net profit down at Rs.118.28 crore
Kolkata, July 21: The M.P. Birla Group flagship company Birla Corporation has clocked a profit after tax of Rs.118.28 crore in the first quarter of the 2010-11 financial year.
It is a....
- Government to launch investor awareness campaign
New Delhi, July 8: The corporate affairs ministry today said it will organise awareness camps across the country to attract investments into the corporate sector.
"There is signif....
- Infosys to hire 30,000 this year
Thiruvananthapuram, June 10; IT bellwether Infosys will hire 30,000 professionals this year as growth has returned to the sector, CEO Kris Gopalakrishnan said here today.
"Inf....
- Amnesty scheme for companies
New Delhi, May 28: Companies which have not been filing statutory documents with the Registrar of Companies (ROC) in time will be spared from legal action if they file the necessary documents u....
- Speak Hinglish? No vacancy in BPOs please!
New Delhi, May 13: If you are fluent in 'Hinglish' i.e. mixing both Hindi and English and produce a typical, impossible to comprehend, pseudo-sarcastic language then a career in BPO is ....
- CII's new president projects 8.5 percent growth
New Delhi, May 13: The Confederation of Indian Industry (CII) expects the country's economic growth to be 8.5 percent this fiscal with a robust recovery in the farm sector, its new presiden....
- UID can be an enabler of financial inclusion: Nilekani
New Delhi, May 11: The soon-to-be allotted unique identification numbers to Indian citizens could act as a tool to drive financial inclusion of the rural and poor people, the Unique Identity Au....
- Now corporate conference in a bus
Chennai, April 27: Conferences on aircraft and ships are passé. The novelty is a conference in a bus.
The Rs.160 crore turnover Parveen Travels (P) Ltd, which operates a fleet of buse....
- ACC net dips for March-end quarter
Mumbai, April 22: Cement major ACC today reported a drop in net profits for the quarter ended on March 31 and attributed the under performance to non-availability of railway wagons.
A....
- Indian CEOs enjoy highest approval, says survey
Los Angeles, April 14: Officials in India have the highest faith in their CEOs and general corporate leadership, says a survey of 13 major nations.
Officials in China, Brazil and Russ....
- CSR not enough to uplift rural masses, experts tell industry
New Delhi, April 13: Corporate social responsibility (CSR) programmes by companies are not enough to uplift rural masses and various stakeholders must collaborate for their development, experts....
- Religare rejigs board, chairman Malvinder Singh steps down
New Delhi: The board of directors of Religare Enterprises today approved the appointment of Sunil Godhwani as the company's chairman and managing director.
The Board accepted the ....
- Corporates to have new accounting system in 2011
Chennai: The Indian government is firm on its decision to make companies adopt International Financial Reporting Standards (IFRS) from 2011, Corporate Affairs Minister Salman Khurshid said here....
- Mukesh Ambani, Lakshmi Mittal among world's top ten billionaires
Washington: Indians Mukesh Ambani and Lakshmi Mittal figured among world's top ten billionaires as Mexican tycoon Carlo Slim Helu beat Americans Bill Gates and Warren Buffett to become the ....
- Andrew Yule repays Rs.65.26 crore government loan
Kolkata: State-owned diversified company Andrew Yule & Company Ltd (AYCL) today repaid the remaining Rs.65.26 crore government loan following disinvestments of Phoenix Yule Ltd and DPSC Ltd....
- Kodak sues Apple, BlackBerry on phone cameras
New York: Eastman Kodak Company is suing Apple and BlackBerry maker Research in Motion (RIM) for infringement of its imaging technology by the two giants in digital cameras in their iPhone and ....
- New norms, obligations on corporate governance unveiled
New Delhi: In a bid to bring more accountability and responsiveness among companies toward all stakeholders, new guidelines on corporate governance that will be voluntary for a year but fine-tu....
- Help with 'pani, kitab aur kaam', Tharoor tells India Inc
New Delhi: Admitting that the government has not been able to meet the basic needs of common man, Minister of State for External Affairs Shashi Tharoor today said that the private sector also n....
- India, US CEOs to share growth ideas with Manmohan, Obama
Washington: Members of the newly reconstituted India-US CEO's Forum are expected to meet Prime Minister Manmohan Singh and President Barack Obama today to share their thoughts on how to ach....
- CII business delegation in US as part of PM's visit
New Delhi: Coinciding with Prime Minister Manmohan Singh's state visit to Washington, a high-level business delegation of the Confederation of Indian Industry (CII) is in the US to push eco....
- Shareholders must fix corporate salaries, says minister
New Delhi: High salaries in the corporate sector is not a "dogmatic" or an ideological issue with the government, according to Minister of State for Corporate Affairs Salman Khurshid.
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- Business experts to discuss green jobs in India
New Delhi: Business experts from across the country will meet in the national capital on Monday to discuss green job opportunities available in India.
The initiative 'Rework India....
- Infosys offers multi-function human resource solutions
Bangalore: Infosys Technologies, in association with Oracle, will offer managed services platform that will help companies streamline their human resource (HR) operations and reduce costs.
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- Murthy's wife sells 2 mn Infosys shares for Rs.4.3 bn
Bangalore: Sudha Murthy, wife of Infosys Technologies co-founder N.R. Narayana Murthy, sold two million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 mi....
- Ambani brothers to renew hostilities afresh
New Delhi: The Ambani brothers - Mukesh and Anil - are starting their legal battle today right from the start. This happened after a couple of judges at the Supreme Court stepped back from two ....
- Audit firm approaches court in Satyam scam case
New Delhi: PricewaterhouseCoopers, the city-based audit firm today approached the Delhi High Court seeking quashing of proceedings initiated by the government following the Rs.78,000-crore Saty....
- Titan Industries net profit dips 12 percent
Mumbai: Watch and jewellery manufacturer Titan Industries reported a 11.63 percent dip in net profit at Rs.77.6 crore for quarter ended Sep 30, and attributed it to a decline in watch sales and....
- Aditya Birla group to built Rs.1,500-crore port in Orissa
Bhubaneswar: The Aditya Birla group, which has diversified business interests, today signed an agreement with Orissa to develop a sea port in Bhadrak district on an investment of Rs.1,500 crore....
- Statements by Ambani brothers nudge shares up a tad
Mumbai: The shares of companies in the respective stables of the two feuding Ambani brothers opened on a higher note today, a day after the olive branch from younger Anil, that was welcomed as ....
- Centre to finalise IFRS roadmap by Nov: Khurshid
Kolkata: The centre will finalise a comprehensive roadmap for Indian corporates by November to adopt the International Financial Reporting Standards (IFRS) set to be operational from 2011, Corp....
- National Paints opens first plant in India
Kochi: Multinational paint manufacturer National Paints today opened its first factory in India at Angamali industrial area in Kerala.
The plant will have a daily production capacity ....
- Barista to invest Rs.40 crore this fiscal
Kolkata: Barista Coffee Co, one of India's leading espresso chains, will invest Rs.40 crore to expand its network this year, a top company official said here today.
"We'll....
- Tata Tea plans expanding overseas distribution
Kolkata: Tea major Tata Tea will be focusing on global distribution expansion in the Middle East, South America, South Africa and the Commonwealth of Independent States including Russia, a top ....
- Britannia settles 'Tiger' brand tangle with US firm
Kolkata: Biscuit major Britannia Industries Ltd has settled legal issues with Kraft Inc, US, over using the 'Tiger' brand, a top company official said here today.
"We have....
- Fortis acquires 10 Wockhardt hospitals
New Delhi: Super-speciality hospital group Fortis has acquired 10 hospitals from Wockhardt for Rs.909 crore, the company said today.
With this acquisition, the Delhi-based Fortis will....
- East India Hotels eyes Gulf for expansion
New Delhi: East India Hotels (EIH), the flagship company of hospitality major Oberoi Group, is setting up two hotels in the Gulf region, one at Abu Dhabi and the other in Oman, while its proper....
- Pvt sector not liable to job quota for minorities
New Delhi: Corporate Affairs Minister Salman Khurshid today said the existing Companies Act did not empower the government to ask the private sector for providing minorities with jobs.
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- Audit watchdog slams I&B ministry over NPC funds
New Delhi: India's audit watchdog has pulled up the information and broadcasting ministry for "premature release" of Rs.7 crore ($1.4 million) as advance for constructing National P....
- Reliance's German firm files for insolvency
New Delhi: Trevira, a Germany-based polyester fibre manufacturer acquired by Reliance Industries Limited (RIL) in 2004, has filed an application in a provincial court in the European country to....
- Wipro says it's unaffected by client GM's bankruptcy
Mumbai: Software giant Wipro's revenues will not be affected because of the bankruptcy of Detroit-based customer General Motors Corporation, the Indian IT bellwether said in a regulatory fi....
- Satyam appoints new leaders in ANZ
Mumbai: Satyam Computer Services Limited today announced the appointment of Venki Prathivadi as the new country manager for Australia and New Zealand (ANZ).
Satyam has also appointed ....
- India Inc. differs in corporate strategies
New Delhi: Three of India's leading Indian business groups can be distinguished by their corporate strategies, says corporate researcher and strategic management veteran Rajnish Karki.
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- Two held for Ambani chopper sabotage
Mumbai: Two employees of aircraft maintenance firm Air Works India Engineering Pvt Ltd were today arrested for their alleged role in the sabotage of industrialist Anil Ambani's helicopter, ....
- Ethiopian firms find India Inc ideal partner to do business
Addis Ababa: A little noticed story amid the economic gloom is how India's ties are on a steady climb with Africa, a typical example being the way Ethiopian firms prefer to partner with In....
- Indian firms should focus more on patents
New Delhi: Indian companies should increase spending on research and development (R&D) and focus more on patents to protect their technologies, industry experts said here today.
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- Anil Ambani group alleges murder conspiracy, chopper sabotage
Mumbai: The Anil Dhirubhai Ambani Group has alleged a "conspiracy" by "possible business rivals" to murder company chairman Anil Ambani after pebbles and gravel were found in th....
- Indian banker among 15 Yale World Fellows
Washington: Unmesh Brahme, an Indian corporate sustainability strategist for one of the largest international banks, has been named as one of 15 Yale World Fellows for this year.
A Y....
- Wipro quarterly net profit : up by 15 percent
Bangalore: Wipro Limited posted a net profit of Rs.10.1 billion (Rs.1,010 crore) for the fourth quarter (January-March) of fiscal year 2008-09, registering 15 percent year-on-year (YoY) growth....
- Tube Investments to sell Rs.200,000 bicycle
Chennai: Bicycle and engineering product manufacturer Tube Investments (TI) Wednesday said it will sell premium bicycles that cost up to Rs.200,000.
"We will sell bicycles ranging between ....
- Sterling Projects raises stake in Arihant Foundations
Chennai: City-based Sterling Projects and Engineering Ltd and one of its promoters, S. Jayalakshmi, have increased their combined stake in the Rs.2.13-billion real estate company Arihant Foun....
- Ambuja shelves retail business expansion
Kolkata: City-based Ambuja Realty has shelved plans to expand its retail business due to the global economic slowdown, a top official said.
Ambuja Realty chairman Harshavardhan Neotia said....
- Dunlop's WB unit reopens, production in a month
Kolkata: Tyre maker Dunlop India's Sahaganj unit in West Bengal reopened on Friday after remaining shut for over three months, with the company saying production could start in 30 days.
The ....
- Titan expects 40 pc growth for Fastrack brand
Chennai: The Rs.30.42-billion watch maker Titan Industries is hopeful of its Fastrack product portfolio achieving a 40 percent growth in 2009-10 over the current year's performance, a top com....
- Post-Satyam scam, PWC India to set up advisory board
Chennai: Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services.
According to a statement by the....
- 'Lack of funds, technology challenges for small sector'
Lucknow: Despite government efforts to facilitate organised growth of small and medium enterprises (SMEs), the sector continues to face serious constraints such as access to funds, timely fin....
- Dunlop to reopen West Bengal plant from March 6
Kolkata: After remaining shut for over three months, tyre maker Dunlop India on Tuesday said it will reopen its Sahaganj unit in West Bengal March 6.
"Through a notice at the entrance of t....
- US comes to the aid of AIG hit by record $62 bn loss
Washington: As American International Group (AIG) reported a stunning $61.7 billion quarterly loss ? the biggest quarterly loss in corporate history, the US government agreed to pump in ano....
- Merger of Reliance Industries, oil-exporting arm approved
Mumbai: In one of India's largest amalgamation deals, Reliance Petroleum will merge with its parent and the country's biggest private company Reliance Industries in what the promoters say wou....
- Mukesh Ambani's two Reliance companies to merge
Mumbai: The $34.5-billion Reliance Industries, India's largest private sector company, on Friday announced that it will consider a proposal next week to merge another group company into itse....
- Ranbaxy Laboratories' stock fell 17 percent
Mumbai: Ranbaxy Laboratories' stock fell a drastic 17 percent on Thursday as investors panicked after the US Food and Drug Administration (FDA) halted review of drug applications from the India....
- Tata Consultancy reviewing variable pay structure
Kolkata: IT and business solutions major Tata Consultancy Services (TCS) on Thursday announced a slew of measures, including reviewing the variable pay structure of employees, to weather the ....
- If needed, I am willing to quit: Subhiksha chief
Chennai: R. Subramanian, managing director of the troubled retail chain Subhiksha, on Wednesday said he was ready to quit if it would help in reviving the company.
"If there is a need ....
- New Companies Act will prevent more Satyams: P.C. Gupta
New Delhi: Corporate Affairs Minister P.C. Gupta on Wednesday said once the revised Companies Act becomes law, it would provide more teeth to investigating agencies that probe corporate fraud.
....
- Sahara India in talks with Manchester United for sponsorship deal
New Delhi: Sahara India chief Subrata Roy said on Monday that talks are going on with European and English champions Manchester United for a possible jersey sponsorship deal worth Rs.1 billio....
- Over 130,000 financial job cuts announced since October: UN
Geneva: There have been over 325,000 announced layoffs in the financial sector since August 2007, the International Labour Organization said on Monday, noting that 40 percent of those cuts, o....
- ICICI Ventures blames Subhiksha for complete operational failure
Mumbai: Private equity firm ICICI Ventures, the second largest shareholder of the retail chain Subhiksha, on Monday said there was "complete" operational failure at the retail firm, and that ....
- L&T studying permission given to Satyam to get strategic investor
Mumbai: Infrastructure and construction major Larsen and Toubro (L&T) on Friday said it was studying the go-ahead given to scam-hit Satyam Computer Services to rope in a strategic investor wi....
- Over 1,200 listed firms fail to file governance report
New Delhi: More than 1,200 listed companies have not submitted their corporate governance report for the quarter ending Sep 31, 2008, Minister of State for Finance Pawan Kumar Bansal told t....
- IFCI open for seat on Maytas Infra board
Chennai: As the government moves to reconstitute the board of Maytas Infra Ltd, an associate firm of fraud-hit Satyam Computer Services, financial institution IFCI Limited says it is ready to....
- Salary hikes to fall 5 percent, further decline possible: Study
New Delhi: The slowdown-hit Indian corporate sector will reduce annual salary hikes by about five percent, a survey by human resource consultants Hewitt Associates released on Thursday said.
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- Maytas Infra to contest government move to remove directors
Hyderabad: Maytas Infra Ltd, promoted by the family of Satyam Computers founder B. Ramalinga Raju, has decided to contest before the Company Law Board (CLB) the petition filed by the governme....
- Infosys' Murthy pulls back as IT advisor to Sri Lanka president
Bangalore: Infosys Technologies chairman and chief mentor N.R. Narayana Murthy has declined to be the IT advisor to the Sri Lankan government, the IT bellwether said on Wednesday.
In a let....
- Government asks Company Law Board to remove Maytas directors
New Delhi: The government on Tuesday moved the Company Law Board to remove the board of directors of Maytas Infrastructure and Maytas Properties, the two infrastructure firms promoted by ....
- Tips as a revenue stream ? the Sulekha.com way
Chennai: Getting a tip from a satisfied guest is an assured source of income for a hotel employee, but can a corporate firm make tips a revenue stream? That is what Sulekha.com is trying to d....
- Birla Tyres shuts production in Orissa unit again
Bhubaneswar: Birla Tyres, a unit of the BK Birla Group company Kesoram Industries, closed down its plant in Orissa temporarily for the third time for a fortnight on account of poor market con....
- New Companies Act to adopt global best practices norms
New Delhi: The revision of the Companies Act of 1956 would enable adoption of internationally accepted best practices, said External Affairs Minister Pranab Mukherjee while presenting the i....
- Ashok Leyland cuts capex by Rs.13 bn, floats finance arm
Chennai: Commercial vehicle major Ashok Leyland is adopting a multi-pronged strategy, including cutting capital expenditure (capex), focussing on non-vehicle segment sales and floating a fina....
- Google, Yahoo and Microsoft collaborate to clean up web
New York: In a rare instance of collaboration among otherwise fierce rivals, Google, Yahoo and Microsoft said they would support a new web standard that will allow millions of publishers to r....
- ArcelorMittal to get government land for steel project
Ranchi: Steel major ArcelorMittal will be given government land to set up its proposed Rs.400-billion (Rs.40,000-crore) steel project in Jharkhand, state Industries Director Rahul Sharma said o....
- Ahmedabad BPO firm to organise charity walk
Ahmedabad: Motif Inc., an Ahmedabad-based BPO service provider, will Sunday organise its seventh annual Charity Walk to generate funds that will be donated to select voluntary organisations.
....
- First Indian limited liability partnership April 1: Minister
New Delhi: India will register its first limited liability partnership firm April 1, fulfilling a long-drawn demand of professionals like chartered accountants and lawyers, Corporate Affairs ....
- New Companies Act to give independent directors protection
New Delhi: The new Companies Act proposed by the government will provide greater levels of protection to independent directors, provided they are not accomplices to wrong-doings by promoter-d....
- India's first third party insurance licensee exits business
Chennai: The Hyderabad-based Dawn Services, the first third party administrator (TPA) to be licensed by the Indian insurance watchdog, has decided to exit the business.
According to Insura....
- Anil Ambani group forays into movie marketing
Mumbai: After successfully dabbling in movie production and distribution, the Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has now forayed into the movie marketing arena through their new di....
- IBM offers laid-off US workers jobs in India
Washington: IBM is offering its laid off employees in North America a chance to take a job with the company in India, Nigeria, Russia or other countries through Project Match, a media report sa....
- Maytas' legal notice to Vedanta for encashing bank guarantees
Hyderabad: Maytas Infra, owned by former chairman of Satyam Computer Services B. Ramalinga Raju's family, has issued a legal notice to Vendanta Aluminum Ltd for "fraudulently and illegally" e....
- Maytas director C S Bansal quits
Hyderabad: C.S. Bansal on Friday resigned as director of Maytas Infra Limited, the firm promoted by disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and h....
- Tata Motors, Ashok Leyland ratings downgraded
New Delhi: Credit rating and market research firm Crisil on Wednesday downgraded the ratings of Tata Motors and Ashok Leylands debt due to the increased risk in the finances and business envi....
- Slowdown may dip Indian chip market growth by 50 percent
Bangalore: The global economic slowdown will dip the growth of the semiconductor (chip) market in India by over 50 percent, an industry study said.
"The compound growth of the Indian semic....
- Ashok Leyland turnover slides 44 percent
Chennai: India's second largest commercial vehicle manufacturer Ashok Leyland has seen its turnover fall 44 percent in the quarter ended Dec 31 last year, compared to the corresponding period....
- Satyam board meets today, may name new CEO
Hyderabad: The government-appointed directors of embattled Satyam Computer Services will meet here on Tuesday to pick a new chief executive officer (CEO) and finalise funding arrangements t....
- Wipro's attrition rate soars in third quarter
Bangalore: India's third largest IT bellwether lost more employees than it could hire during the third quarter this fiscal, a senior executive admitted on Wednesday.
"Yes, our net addition....
- Orissa power project faces trouble for Maytas link
Bhubaneswar: A proposed power project in Orissa has run into trouble over the promoter company's links with Maytas Infra, a senior official said on Wednesday.
The state government has put ....
- Educomp files complaint against 'malicious emails'
New Delhi: E-learning solutions provider Educomp Solutions has filed a complaint with Delhi Police against the "malicious rumours" being spread about the company, an official statement said o....
- Polaris to double revenue from insurance vertical
Chennai: The city-based banking software major Polaris Software Lab hopes to double its revenue to $40 million next year from insurance vertical following the acquisition of US-based insuranc....
- Maytas chief executive resigns from board
Hyderabad: P.K. Madhav, chief executive of Maytas Infra, promoted by disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju, resigned as whole-time director of the ....
- 'India Inc should focus on investment, not trade'
New Delhi: Indian Inc. needs to shift its focus from trade to investment in order to compete with China, Minister of State for Commerce and Power Jairam Ramesh said here on Monday.
In his ....
- Vedanta terminates Maytas contract in Orissa
Bhubaneswar: Maytas Infra, the infrastructure company linked to scam-tainted Satyam Computer Services, has lost a contract from Vedanta Alumina to develop an integrated township in Orissa, Veda....
- Court verdict soon sale of Reliance Industries gas
Mumbai: The Bombay High Court is expected to decide next week whether Mukesh Ambani-led Reliance Industries can assume sale of natural gas from the Krishna-Godavari basin, off the Andhra Prad....
- PM to address India Inc at Hotel Trident
Mumbai: Prime Minister Manmohan Singh will address India Inc at the Hotel Trident-Oberoi ? one of the sites of the Nov 26-29 Mumbai terror attacks ? Saturday.
He will participate in the Ec....
- We are happy with Satyam's service: SBI
Kolkata: India's largest bank, the State Bank of India (SBI), has decided to retain its contract with scam-tainted information technology (IT) firm Satyam Computer Services for maintaining it....
- 'Infosys not to approach Satyam clients on its own'
Bangalore: IT bellwether Infosys Technologies Ltd would not pro-actively approach clients of the fraud-hit Satyam Computer Services on its own but is open to consider proposals for deals on m....
- Infosys still hiring; to ramp up headcount this fiscal
Bangalore: Allaying fears of slowdown or lay-offs, IT bellwether Infosys Technologies Ltd is still in hiring mode and plans to ramp up its headcount by this fiscal (2008-09), a senior executi....
- Infosys still hiring; to ramp up headcount this fiscal
Bangalore: Allaying fears of slowdown or lay-offs, IT bellwether Infosys Technologies Ltd is still in hiring mode and plans to ramp up its headcount by this fiscal (2008-09), a senior executi....
- Depreciating rupee forces Infosys to slash hedging amount
Bangalore: A depreciating rupee has forced IT bellwether Infosys Technologies Limited to reduce its exposure to hedging in the currency market to $576 million from $932 million for the next t....
- Infy beats expectations; ups forecast on weaker rupee
Bangalore: India's second largest IT bellwether Infosys Technologies today posted a net profit of Rs.16.41 billion (approx $335.5 million/Rs.1,641 crore) for the third quarter of this fiscal (2....
- Maytas Infra chairman Sinha resigns too
Hyderabad: Maytas Infra chairman R.C. Sinha resigned from the infrastructure and construction firm for "personal reasons", a company director said on Thursday.
Sinha is reportedly a close ....
- Maytas Infra chairman resigns, cover-up feared
Hyderabad: The resignation of R.C. Sinha as the chairman of Maytas Infra, the infrastructure firm promoted by a son of fraud-tainted Satyam Computer chief B. Ramalinga Raju, is an attempt to ....
- Besieged Satyam board to meet on Saturday
Hyderabad: The besieged board of Satyam Computer Services Ltd will meet Saturday to discuss the various issues that rocked the IT bellwether since the Maytas deal fiasco Dec 16, culminating....
- Ramalinga Raju goes missing
Hyderabad: Where is B. Ramalinga Raju? Everyone is trying to find an answer to the question after the chairman of Satyam Computers resigned Wednesday confessing to a Rs70 billion (Rs700 c....
- Satyam founder quits after admitting Rs40 bn fraud
Hyderabad: Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs40 billion ($823 million) in the balance sheet....
- Bubblegum company told to pay Rs300,000 compensation
Chandigarh: A well-known bubble-gum company has been directed by a consumer court here to pay a compensation of Rs300,000 to a customer who was not given a Trip to America prize nearly eight ye....
- Mortgaged shares' sale reduces Satyam promoters' holding
Bangalore: The sale of mortgaged shares of Satyam promoters by Infrastructure Leasing and Financial Services (IL&FS) has further reduced their minority holding in the beleaguered IT bellwethe....
- 20 firms join in petroleum university's placement programme
Gandhinagar: Beating the slowdown trend, over 20 companies are participating in this year's campus recruitment programme of the Institute of Petroleum Management Gandhinagar (IPMG), which beg....
- Satyam promoters' equity stake falls to 5.13 percent
Bangalore: The 8.27 percent minority stake of promoters in IT bellwether Satyam Computer Services Ltd slumped to 5.13 percent after their shares, pledged with financial institutions, were so....
- Raju asks Satyam techies for 'continued faith'
Bangalore: Satyam Computer Services founder-chairman B Ramalinga Raju on Tuesday told his employees to beware of 'wild speculation and unchecked rumours' following the Maytas? deal fiasco.....
- Three more directors resign from Satyam board
Bangalore: In a day of swift developments, two independent directors M Rammohan Rao and Vinod K Dham and non-executive director Krishna G Palepu resigned from the board of Satyam Compute....
- Satyam postpones board meeting to Jan 10
Bangalore: Beleaguered Satyam Computer Services postponed its board meeting, convened today to discuss a proposal for buy-back of shares by promoters, to Jan 10, the IT bellwether said on Su....
- 'Successful companies will weather global meltdown'
Bangalore: Strong, successful companies would weather the current global meltdown and emerge stronger, while inept or weak firms would be wailing and asking for bailouts, Wipro chairman Azim....
- American BPO firm consolidates India operations
Bangalore: Unfazed by the impact of global meltdown on the IT industry, the US-based business process outsourcing (BPO) major Sitel has consolidated its India operations for future expansion....
- CIL launches India's first microblogging portal
New Delhi: Compare Infobase Ltd. (CIL) has launched first microblogging portal in India - Dilkholkebol.com. Dil Khol Ke Bol is an initiative to provide a platform for those who want to speak....
- Amway India eyeing Rs 25 bn turnover by 2012
Baddi: Describing its business model as ?recession resilient?, fast-moving consumer goods (FMCG) major Amway India Enterprises today expressed confidence that its turnover would reach Rs 25 ....
- Citigroup rescue plan, Pandit's fate unclear
Washington: The US government is close to finalising a rescue plan for Citigroup, whose stocks have been battered in recent days over worries about its financial health, but the fate of its Ind....
- Court asks Pepsi to remove mountain picture
New Delhi: The Delhi High Court today directed Pepsi to remove the picture of a snow capped mountain from its packaged water product Aquafina, saying it gives a misleading impression to the con....
- PM to meet leaders of India Inc to shore up confidence
New Delhi: As part efforts to shore up confidence eroded by the global financial rout, Prime Minister Manmohan Singh will on Monday meet leaders of India Inc, which may seek more measures to ti....
- Ambani siblings overtake Mittal in wealth erosion
Mumbai: The focus is always on who is the richest among Ambani brothers and Lakshmi Mittal but Mukesh and Anil are ahead of the India-born steel tycoon in terms of losses suffered due to the gl....
- RIL Q2 net up 7.4 pc; revenue up by 39.5 pc
Mumbai: Country's top private sector firm Reliance Industries today said its second quarter net profit grew by 7.4 per cent to Rs 4,122 crore, while revenue rose by 39.4 per cent primarily due ....
- India Inc expects further cut in repo rate: ASSOCHAM
New Delhi: India Inc is hopeful that the Reserve Bank of India (RBI) would bring down repo rates to seven per cent from the current eight per cent and create a mechanism to monitor banks' lendi....
- Mumbai, Delhi most competitive cities for business
New Delhi: Mumbai and Delhi top the list of top 10 cities for doing business in India, according to a competitiveness index report prepared by the real estate-focused publication Realty Plus. T....
- Tata firm to invest $12 mn in Qatar science park
Dubai: TCE Consulting Engineers, a Tata Group subsidiary, will invest $12 million over the next five years in the Qatar Science and Technology Park (QSTP). The investment will see development o....
- NTPC declares Rs 28.85 bn dividend
New Delhi: The state-owned power generation firm National Thermal Power Corporation Limited (NTPC) has declared Rs 28.85 billion ($641 million) as dividend to shareholders for 2007-08, the po....
- Income ceiling for creamy layer raised to Rs 4.5 lakh
New Delhi: With elections to the Lok Sabha and some state Assemblies round the corner, the government today raised the income ceiling for creamy layer from Rs 2.5 lakh to Rs 4.5 lakh annually i....
- Kamal Nath takes a dig at US financial crisis
New Delhi: Commerce and Industry Minister Kamal Nath has said that the country is not impacted by the US financial crisis. The US credit crisis worsened on Monday after the 158-year-old Lehma....
- Reliance Cap to invest Rs 20 bn in insurance sector
Mumbai: Reliance Capital, part of the Anil Dhirubhai Ambani Group, will invest Rs 20 billion in its insurance business over the next three to five years, the company announced today. "As a part....
- Aiyar urges private sector to invest more in North East
Guwahati: The North East Business Summit Chairman and Minister for Development of North East Region (DoNER) Mani Shankar Aiyar urged the private sector to take greater interest in the region. A....
- Infosys renews LIC policy worth Rs 24,000 crore
Bangalore: Life Insurance Corporation of India and Infosys Technologies Limited today announced renewal of the group life insurance policy covering all employees of Infosys, making it the large....
- ArcelorMittal, RIL in WSJ's respected companies list
New York: PepsiCo, headed by India-born Indra Nooyi, is the ninth most respected company in the world, NRI Lakshmi Mittal led ArcelorMittal is ranked 60th and Reliance Industries, India's large....
- RIL named in WSJ's respected companies list
New York: PepsiCo, headed by India-born Indra Nooyi, is the ninth most respected company in the world, NRI Lakshmi Mittal led ArcelorMittal is ranked 60th and Reliance Industries, India's large....
- Six Indians among Forbes' 15 richest young Asians
New York: Six Indians, including Ranbaxy's Malvinder and Shivinder Singh, real estate firm Oberoi Constructions' Vikas Oberoi and online gambling entity PartyGaming's founder Anurag Dikshit hav....
- Indian primary market growth to fall by 50 pc
New Delhi: The growth of the Indian primary market will halve from the 20 per cent registered during 2007-08, to 8-10 per cent in the remaining period of the current fiscal because of adverse m....
- India-Britain meet on emerging joint business trends
London: Business leaders from India and Britain meet on later Monday to discuss emerging trends in media, sports and retail sectors at the UK India Business Council (UKIBC) summit on 'Next Gene....
- Cabinet approves tabling new companies bill in Parl
New Delhi: The Cabinet today approved the introduction of the Companies Bill 2008 in the coming session of Parliament, to replace the existing Companies Act, 1956. The cabinet meeting was chair....
- RCom to launch television channel by year-end
Ahmedabad: The Anil Ambani headed Reliance Communications (RCom), which ushered in its nationwide Direct-to-Home service on Wednesday, will launch its own television channel before the year-end....
- Anil Ambani group to invest for studio with Spielberg
New York: In a unique Bollywood-Hollywood partnership, the Reliance Anil Dhirubhai Ambani Group will invest USD 550 million to form a new venture with Steven Spielberg, allowing him to break aw....
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