Honda Motor Co. has set a bullish sight on the Indian automobile market, announcing that it is stepping up automobile production in the country and will launch new models later this year, besides expanding its dealership network.
Tata Motors is set to take over Ford Motor Co's British luxury brands, Jaguar and Land Rover, in early March, following successful conclusion of talks with the automaker's labor union in UK, Unite.
India's prime stock index, the BSE (Bombay Stock Exchange) Sensex, climbed 1.7 percent or 301.50 points, Monday, to 17,650.57, with 26 components rising, riding on the wave of renewed confidence of investors who are looking forward to a positive budget being announcement by the Central Government.
India's No.3 software services exporter Wipro Ltd said on Tuesday it aimed to tie up with Japanese firms and may consider M&A, highlighting Indian software firms' growing desire to get into the Japanese market.
Pakistani army chief General Pervez Kayani is appointing a new head of military intelligence, a newspaper reported on Tuesday, the first major reshuffle in the military since President Pervez Musharraf quit the army. Musharraf, who seized power as a general in 1999, stepped down as army chief in November to become a civilian president of the country, which has been ruled by the military for more than half of the 60 years since its independence
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Monday.
Wheat rose for the second this week as investors speculated that bad weather may reduce the global crop supply.
Annual pay cheques of some fund managers in India have hit $1 million, levels seen normally in London and Tokyo, as asset management firms scramble for scarce talent in a booming market.
The Walt Disney Co, the second-largest U.S. media company, said on Monday it will pay $203 million to raise its stake in India's UTV Software Communications Ltd from 14.9 percent to 32.1 percent.
Walt Disney Co has reached a deal to more than double its stake in Indian TV and movie content maker UTV, the two firms said, underscoring the U.S. entertainment firm's efforts to expand globally.
Following the integration of Tata Group's five telecommunication subsidiaries - VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit and Cipris - under the Tata Communications brand name, Tata Communications has announced that it will inject $2 billion over the next three years to fuel its global expansion plans with specific focus on the new world of IP, MPLS, Ethernet, and managed services.
The market for KPO or Knowledge Process Outsourcing, which follows the success waves created by ITO (Information and Technology Outsourcing) in the 1980s and the BPO (Business Process Outsourcing) in the 1990s, is expected to touch $10-17 billion by 2010 and India is well poised to grab a major share of the market, a research paper released by the global audit, tax and advisory services group KPMG has revealed.
A top executive of India's largest mobile services provider, Bharti Airtel, has expressed confidence that it will be difficult for rivals to emulate the success of his company and warned that intense competition will drive out new players from the market.
India's Prime Minister Dr. Manmohan Singh said India is in a position to sustain economic growth of 9 percent despite a possible global slowdown and promised to keep inflation under control
India's Tata Capital and Japan's Mizuho Securities Co Ltd have signed an initial deal to jointly offer financial services such as investment banking, private equity, broking and wealth management.
Signs of economic slowdown in the US and rupee appreciation notwithstanding, the National Association of Software and Services Companies (Nasscom), the consortium that serves as the apex body of the Indian IT software and BPO industry said that India's IT-BPO industry is poised to achieve the target of $75 billion in overall software and services revenues by 2010.
Hong Kong is the most expensive rental market in the world due to high demand and inadequate supply of rental space, a report published by Forbes, Feb. 12, based on data from Mercer Human Resource Consulting, has revealed.
Emboldened by public sector banks, State Bank of India (SBI) and Canara Bank's move of slashing prime lending rate (PLR) by 0.25 percent, India's Finance Minister P. Chidambaram has urged other state-run banks to follow suit to ensure that productive sectors of the economy are not starved of credit.
India's Planning Commission has fixed annual plan outlay for Tamil Nadu for the year 2008-09 at Rs.16,000 crore ($4 billion).
One of the world's largest manufacturer of optical and magnetic storage, New Delhi-based Moser Baer India is set to invest over $1.7 billion (Rs.6900 crore) in expanding its thin film photovoltaic (PV) capacity by 565 megawatt (MW).
India's largest IT services, business solutions and outsourcing company, Tata Consultancy Services (TCS) has launched its second Global Delivery Center (GDC) near Hyderabad even as it announced reorganization of its global operations for better efficiency.
India's largest refiner, Indian Oil Corporation (IOC) announced Monday that it would invest Rs.9000 crore ($2.25 billion) to improve the quality of petrol and diesel production that would meet tighter regulations due to come into force from April 1, 2010.
