(NEW DELHI) Even Snapple, an American iced tea maker with a homespun image, is outsourcing work to an Indian company.
Wednesday, July 1, 2009
Tuesday, June 30, 2009
Jaguar Land Rover turns to China, India
(MUMBAI) Jaguar Land Rover, the luxury vehicle division of Tata Motors Ltd, expects emerging economies to account for as much as a third of the unit's sales as demand in the United States and Europe plunges due to recession.
Sunday, June 28, 2009
Owning a Nano a dream come true for cobbler
(MUMBAI) When Ratan Tata, the head of India's Tata Motors, said the company was planning to build the world's cheapest car, he could have had in mind Maruti Jaywant Bhandare as his ideal client.
Wednesday, June 24, 2009
Deficit okay if govt spending covers gaps: adviser
(MUMBAI) A higher-than-normal fiscal deficit should not be a concern for Indian interest rates if government spending bridges the gaps in private investment, a policy adviser said on Tuesday.
Tuesday, June 23, 2009
Scandal-hit Satyam re-branding itself
(MUMBAI) Indian outsourcing firm Satyam Computer announced yesterday that it was re-branding itself as it tries to recover from the country's worst-ever corporate scandal.
Sunday, June 21, 2009
India may sell 10% of Bharat Heavy
(NEW DELHI) India is considering selling 10 per cent of Bharat Heavy Electricals Ltd, its biggest power-equipment maker, in what would be the government's biggest asset divestment in more than five years.
Thursday, June 18, 2009
Mahindra to help India beat China to US car market
(MUMBAI) Mahindra & Mahindra Ltd, India's largest maker of sport-utility vehicles, is betting its diesel pickup trucks can beat the Chinese to the US market.
Tuesday, June 16, 2009
Younger Ambani wins suit over supply of gas to his firm
(MUMBAI) Mukesh Ambani's Reliance Industries Ltd was ordered to sell natural gas to a company owned by his younger brother Anil Ambani for 44 per cent less than the government-set price, lawyers said.
Sunday, June 14, 2009
Tata hotel unit profit down 96%
(MUMBAI) Tata Group's hospitality arm Indian Hotels Co Ltd said last Friday that its annual net profit plunged 96.4 per cent, hit by last November's militant attack on its landmark Taj Mahal hotel.
Friday, June 12, 2009
Indian lawyers oppose foreign firms
(NEW DELHI) Indian lawyers said they rejected opening the country's legal market to foreign law firms after a June 8 meeting with Law Minister Veerappa Moily.
Wednesday, June 10, 2009
India has room to raise public spending: PM
(NEW DELHI) India can counter the global slowdown through public spending, particularly on infrastructure, but that alone will not restore the economy to 9 per cent growth rate, Prime Minister Manmohan Singh said yesterday.
Monday, June 8, 2009
Bollywood revenue- sharing dispute resolved
(MUMBAI) Bollywood producers and Indian multiplex officials have resolved their dispute over revenue sharing, ending a nine-week boycott on new film releases in the movie-mad country.
Thursday, March 26, 2009
India's inflation pushing zero
(NEW DELHI) Inflation in India edged closer to zero, official data showed yesterday, raising fears of deflation and prompting expectations of a further cut in interest rates to spur the slowing economy.
Wednesday, March 25, 2009
Sensex may be in rally: Elliott Wave
(SINGAPORE) India's key stock index may be embarking on its second rally of a five-wave cycle that may help the benchmark surpass its earlier record high, according to technical analysis by Elliott Wave International Inc.
Tuesday, March 24, 2009
Mumbai attack gunman's trial begins
(MUMBAI) Sometimes breaking into laughter, the man accused of being the lone surviving gunman in last year's Mumbai attacks told an Indian court yesterday that he was from Pakistan and wanted legal assistance, officials said.
Sunday, March 22, 2009
India has more room for rate cuts, says official
(NEW DELHI) India's central bank has 'more room' to cut interest rates further to combat economic slowdown and a global recession, according to Montek Singh Ahluwalia, deputy chairman of the nation's Planning Commission.
Thursday, March 19, 2009
India's inflation rate lowest in 20 years
(MUMBAI) India's inflation slowed to a two-decade low, providing room for the central bank to cut interest rates to protect the economy from the global recession.
Wednesday, March 18, 2009
HSBC official sees rebound of Indian stocks
(MUMBAI) Sanjiv Duggal, the HSBC Holdings plc investment director who oversees the world's largest India fund, said the Sensitive Index (Sensex) will rebound from a near three- year low on cheaper valuations and government stimulus plans.
Monday, March 16, 2009
Bill Clinton cuts ties with friend's firm Yucaipa
(NEW YORK) Former US president Bill Clinton has severed his connections to Ronald Burkle's Yucaipa Cos and will not receive a payment once estimated to be up to US$20 million, The Wall Street Journal reported, citing a person familiar with the matter.
Sunday, March 15, 2009
Indian regional parties alter political scene
(NEW DELHI) National polls in India used to be a two-horse race with the country's oldest political party, the Congress, vying with the Hindu nationalists for the right to govern the world's largest democracy - but not any more, say analysts.
Friday, March 13, 2009
The colour of spring
An Indian youth playing Holi, the 'festival of colours' in Bangalore on Wednesday.
Wednesday, March 11, 2009
Resort state once known for drugs turns to rehab
(ANJUNA, Goa) The easy availability of drugs in Goa has been a draw for many tourists since the days of the hippie trail in the 1960s. Now some are coming to the Indian resort state to kick the habit.
Tuesday, March 10, 2009
India's mobile phone market defies gloom
(NEW DELHI) Amidst all the economic gloom, one business is still booming - India's mobile phones - thanks to the world's lowest call rates driven by fierce competition among cellular operators, analysts say.
Monday, March 9, 2009
Economy will pick up from Oct, says Indian govt economist
(MUMBAI) India's economic slowdown will continue until September but the right mix of monetary and fiscal policies will enable growth to improve soon after, a top government official said on Friday.
Sunday, March 8, 2009
UK에 있는 양자.
양육은 당신의 자신의 가정에 있는 아이를 위해 대략 돌보아 준다. 이유의 전체적인 다양성을 위해 사회 복지 사업에 의해 기르는 carers와 두는 영국에 있는 약 39,000명의 아이들이 있다. 이의 많은 것 c… 근원: http://www.goarticles.com/cgi-bin/showa.cgi?C=1354290
Friday, March 6, 2009
'Slumdog' is a millionaire 200 times over
THE milestones just keep coming for Slumdog Millionaire: After winning eight Academy Awards, including best picture, the feel-good indie has now crossed the US$200 million mark in worldwide box office.
Thursday, March 5, 2009
Delhi bid to stop auction of Gandhi items
(NEW DELHI) The Indian government is talking to a New York auction house about its planned sale of Mohandas Gandhi's eyeglasses and other personal items, an official said yesterday, amid pressure at home to prevent the auction and bring the belongings back to India.
Wednesday, March 4, 2009
Hedge funds offering India companies to private equity
(SINGAPORE) Private-equity investors are being offered stakes in Indian companies as hedge funds and banks seek to offload assets, said an executive at 3i Group Plc.
Monday, March 2, 2009
Delhi to allow Chinese toys that are certified safe
(NEW DELHI) India yesterday relaxed a ban on the import of toys from China to allow shipments certified by global safety agencies, weeks after the government had imposed wide-ranging curbs for six months citing public safety.
Sunday, March 1, 2009
India's retail revolution put on hold as slowdown hits
(NEW DELHI) It was hailed as the 'great Indian retail revolution' but a slowing economy and over-ambitious expansion have left many retailers struggling with what analysts now say were hyped expectations.
Thursday, February 26, 2009
India seeks US$5.2b World Bank loan
(NEW DELHI) India has asked the World Bank to give it a loan of US$5.2 billion for two years to June 2010 to help fight an economic slowdown, Acting Finance Minister Pranab Mukherjee said yesterday.
Wednesday, February 25, 2009
India eases takeover rules, paving way for Satyam sale
(MUMBAI) India amended takeover rules for companies where the government replaces the board to save them from collapse, paving the way for Satyam Computer Services Ltd's state-appointed board to sell a stake to a strategic investor.
Tuesday, February 24, 2009
India wants to prevent auction of Gandhi items
(NEW DELHI) The Indian government is drawing up plans to prevent several of Mahatma Gandhi's personal possessions from being sold at auction in New York, an official said yesterday.
Sunday, February 22, 2009
Indians clear out their old gold as world prices soar
(NEW DELHI) India's imports of gold have collapsed as people rush to sell their jewellery and coins to take advantage of soaring world prices for the precious metal.
Friday, February 20, 2009
India in two minds about Slumdog's popularity
(MUMBAI) It's heartening to see Slumdog Millionaire tipped for so many Oscars this week - all the more so because the movie has truly captured the essence of Mumbai, a manic and intoxicating city.
Thursday, February 19, 2009
Economy, inflation major issues for Indian voters
(NEW DELHI) The economy is the biggest concern for Indian voters ahead of a parliamentary election expected in April and May, according to a nationwide poll released on Tuesday.
Tuesday, February 17, 2009
No plans to probe other Indian software firms
(MUMBAI) India does not plan to investigate any other software companies following its inquiry into an admission of fraud by Satyam Computer Services Ltd's former chairman and the sacking of the board by the government.
Sunday, February 8, 2009
Economists less rosy on India's outlook
(NEW DELHI) While India has been talking up its economic prospects to world leaders in Davos, economists are becoming gloomier about the outlook for Asia's third-largest economy as the global downturn takes its toll.
Thursday, February 5, 2009
Sterlite said to be close to acquisition of US miner Asarco
(WILMINGTON, Delaware) Sterlite Industries (India) Ltd, India's largest copper producer, is close to signing a contract to buy Asarco LLC, potentially ending the US miner's four-year- old bankruptcy, two people involved in the talks said yesterday.
Wednesday, February 4, 2009
The chief says he 'screwed up' in choice of Daschle
(WASHINGTON) At the end of only its second full week in office, President Barack Obama's administration has slammed into Washington's unforgiving politics, as two key government nominees withdrew under a cloud of tax problems on Tuesday.
Tuesday, February 3, 2009
India may relax takeover rules for Satyam: reports
(MUMBAI) India's market regulator will consider relaxing takeover rules for an open offer in Satyam Computer Services to help the fraud-scarred outsourcer attract suitors, two newspapers said yesterday, without naming any sources.
Sunday, February 1, 2009
India keeps wary eye on US policy changes
(NEW DELHI) With US President Barack Obama still in the early days of his presidency, India is keeping a wary eye on policy changes that could irritate what has become a key strategic relationship.
Friday, January 30, 2009
Keeping Indian bank lending rates low - the scenarios
(MUMBAI) India's central bank kept its policy rates unchanged this week and called on banks to pass on the benefits of its aggressive monetary easing of the past few months to help shore up the slowing economy.
Thursday, January 29, 2009
Indian retail group in talks with Carrefour
(NEW DELHI) India's largest retailer Future Group is in 'advanced talks' with Europe's largest retailer Carrefour for a joint venture to set up cash-and-carry outlets in India, a report said yesterday.
Wednesday, January 28, 2009
Larsen & Toubro may raise its stake in Satyam to 15%
(MUMBAI) Larsen & Toubro Ltd, India's biggest engineering company, may lift its holding in fraud-hit software maker Satyam Computer Services Ltd to 15 per cent because it expects the value to increase, Larsen chairman AM Naik said.
Monday, January 26, 2009
Indian critics praise 'Slumdog', audience's reaction mixed
(MUMBAI) Slumdog Millionaire received rave reviews from Indian critics last after it went on general release across the country, but was given a more mixed response from audiences.
Sunday, January 25, 2009
India bans toy imports from China for 6 months
(NEW DELHI) India on Friday banned imports of several types of toys from China for six months without saying why, a move that pleased local manufacturers but shocked importers.
Friday, January 23, 2009
India may cut rates as inflation stays low
(NEW DELHI) India's inflation held near an 11-month low, stoking speculation the central bank will next week cut interest rates for the fifth time since October.
Thursday, January 22, 2009
US regulator probes Satyam
(NEW YORK) The US Securities and Exchange Commission (SEC) is investigating whether India's Satyam Computer Services Ltd misled investors in an alleged US$1 billion accounting fraud, two people familiar with the matter said.
Tuesday, January 20, 2009
India widens probe to cover 2 firms linked to Satyam
(BANGALORE) The Indian government yesterday widened its probe to two firms linked to Satyam Computer Services Ltd's jailed founder.
Monday, January 19, 2009
Faulty gene condemns millions in India to heart disease: study
(PARIS) Tens of millions of people from the Indian subcontinent are destined to suffer heart disease due to a single genetic mutation, according to a study released on Sunday.
Friday, January 16, 2009
Indian govt may not bail out fraud-hit Satyam
(HYDERABAD) India's government is not considering bailing out Satyam Computer Services, and the fraud-hit outsourcing firm may have to turn to banks, many of them state-run, if it needs funding.
Wednesday, January 14, 2009
A royal ride
GUESTS at the Swarna Mahal dining coach of the new luxury train Royal Rajasthan on Wheels.
Tuesday, January 13, 2009
Infosys beats forecasts with 33% rise in Q3 earnings
(BANGALORE) India's second largest software exporter, Infosys, beat market expectations yesterday by posting a 33 per cent rise in consolidated third quarter net profit, aided by a weaker rupee.
Monday, January 12, 2009
Remittances hit as construction in Dubai slows
(DUBAI) As signs of a deep downturn in this Gulf city's once-buoyant property market multiply, those migrant workers who aren't forced to return are having problems sending money home, and their declining remittances may be a significant drag on the economies of South Asia.
Sunday, January 11, 2009
M&A deals on Indian family businesses overvalued: Actis
(LONDON) Indian family businesses are still overvalued by 20 to 30 per cent, while the best value is to be found in China, Brazil and sub-Saharan Africa, a partner at a leading emerging markets private equity firm said.
Thursday, January 8, 2009
Time Warner hit by US$25b AOL writedown
(NEW YORK) One year from now, almost to the day, will mark the 10th anniversary of the announcement of what could be the worst corporate marriage in history, the union of America Online and Time Warner.
Wednesday, January 7, 2009
Weight curb costs 10 hostesses their jobs
INDIA'S flagship carrier Air India (AI) has taken the Aviation Ministry's directive to 'cut flab' quite literally.
Monday, January 5, 2009
Indian bank shares rally on rate cuts
(MUMBAI) Indian bank shares rallied yesterday as deep rate cuts were seen boosting earnings by reducing consumer defaults and improving income from treasury operations.
Sunday, January 4, 2009
India's costly cricket game cancellations
(NEW DELHI) India's cricket board has lost almost US$25 million from the scrapping of two one-day games against England and the cancellation of the 2008 Champions Trophy and this month's tour to Pakistan.
Friday, January 2, 2009
Indian hotels fight slowdown with freebies for tourists
IF YOU'RE planning an Indian vacation soon, there couldn't be a better time.
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