fortune 500

Japanese firm to re-enter Sri Lanka


July 25th, 2012 - 4:36 pm ICT by IANS
Colombo, July 25 (IANS) Japanese conglomerate and Fortune 500's Sumitomo Corporation is returning to post-war Sri Lanka, authorities said Wednesday.Sumitomo is considered as one the largest trading houses in Japan, ... Read more...

Posted in Business |

Indian Oil, Reliance lead Indian 8 in Fortune 500


July 10th, 2012 - 11:24 am ICT by IANS
Washington, July 10 (IANS) Eight Indian companies have made it to Fortune magazine's 2012 list of world's 500 largest companies with public sector Indian Oil and Mukesh Ambani-led Reliance ... Read more...

Posted in Business |

Targeting India’s young, Sandisk unveils news flash drives, memory card


June 19th, 2012 - 11:52 pm ICT by IANS
New Delhi, June 19 (IANS) Eyeing India's burgeoning tech-savvy youth population, global solutions provider SanDisk Corporation Tuesday unveiled four new flash drives and a memory card at global launch here.The ... Read more...

Posted in Sci-Tech |

IT spending of Indian enterprises in 2012 likely Rs.1,910 bn: Gartner


May 22nd, 2012 - 10:55 pm ICT by IANS
New Delhi, May 22 (IANS) The IT spending of Indian enterprises is likely to touch Rs.1,910 billion in 2012, a 16.4 percent increase from 2011 spending of Rs.1,640 billion, driven ... Read more...

Posted in Business |

Indian IT firm Sanovi opens subsidiary in Dubai


February 18th, 2012 - 12:07 am ICT by IANS
Bangalore, Feb 17 (IANS) Indian software major Sanovi Technologies Ltd Friday opened its subsidiary in Dubai to market its enterprise disaster recovery management (DRM) products in the Gulf region, including ... Read more...

Posted in Business |

Wipro will hire 50 percent staff globally by 2015


January 20th, 2012 - 11:16 pm ICT by IANS
Bangalore, Jan 20 (IANS) Wipro would hire 50 percent of employees for its global IT services outside India by 2015 to leverage local talent and optimally utilise its delivery centres ... Read more...

Posted in Business |

Mu Sigma raises $108 million equity fund


December 29th, 2011 - 12:10 am ICT by IANS
Bangalore, Dec 28 (IANS) Leading analytics firm Mu Sigma Wednesday raised $108 million (Rs.573 crore) from private equity firm General Atlantic and venture firm Sequoia Capital in its second round ... Read more...

Posted in Business |

30 corporate giants paid no US taxes in 3 years: Report


November 4th, 2011 - 11:50 am ICT by IANS
New York, Nov 4 (IANS/EFE) Thirty of the 280 most profitable US corporations, including General Electric, Verizon and Boeing, paid no federal income tax in 2008-10, Citizens for Tax Justice ... Read more...

Posted in Business |

MindTree net zooms 135 percent in second quarter


October 17th, 2011 - 8:35 pm ICT by IANS
Bangalore, Oct 17 (IANS) Global IT & product engineering services firm MindTree Ltd posted consolidated net profit of Rs.55 crore for the second quarter (July-September) of this fiscal (2011-12), registering ... Read more...

Posted in Uncategorized |

New diagnostic system for heart patients in rural areas


August 6th, 2011 - 9:40 pm ICT by IANS
Kolkata, Aug 6 (IANS) Heart patients in rural areas can now walk in for tests at their local clinics, which will be connected to a central hospital in a big ... Read more...

Posted in Sci-Tech |

French dairy major Danone forays into Bangalore market


July 6th, 2011 - 11:51 pm ICT by IANS
Bangalore, July 6 (IANS) French dairy major Danone forayed into this tech hub with a range of products, including flavoured yoghurts, as part of its India expansion plans, the Fortune ... Read more...

Posted in Uncategorized |

Ex-Wipro executive Paranjpe to head US energy firm


May 26th, 2011 - 10:25 pm ICT by IANS
Bangalore, May 26 (IANS) Former Wipro joint chief executive Girish S. Paranjpe has been named the managing director of US-based Bloom Energy International, the energy firm said Thursday."Paranjpe, who will ... Read more...

Posted in Business |

Huge forex loss hits MindTree net in fiscal 2010-11


April 21st, 2011 - 11:30 pm ICT by IANS
Bangalore, April 21 (IANS) Leading IT services and product firm MindTree Ltd suffered a forex loss of $10.7 million year-on-year (YoY), resulting in its consolidated net profit declining by a ... Read more...

Posted in Uncategorized |

Wipro buying US firm’s IT business for $150 mn


April 1st, 2011 - 11:47 pm ICT by IANS
Bangalore, April 1 (IANS) Global software major Wipro late Friday announced it was buying the oil and gas IT service business of the US-based Science Applications International Corporation (SAIC) for ... Read more...

Posted in Business |

MindTree net dips 40 percent yearly, recovers sequentially (Lead)


January 18th, 2011 - 10:06 pm ICT by IANS
Bangalore, Jan 18 (IANS) Leading IT and product engineering services firm MindTree Ltd posted net profit of Rs.305 million (Rs.30.5 crore) for third quarter (October-December) of this fiscal (2010-11), a decline of ... Read more...

Posted in Business |

MindTree net dips 43 percent yearly, recovers sequentially


January 18th, 2011 - 9:39 pm ICT by IANS
Bangalore, Jan 18 (IANS) Leading IT and product engineering services firm MindTree Ltd posted net profit of Rs.305 million (Rs.30.5 crore) for the third quarter (October-December) of this fiscal (2010-11), a decline ... Read more...

Posted in Business |

Help for distressed Indian globetrotter now a phone call away


August 8th, 2010 - 3:31 pm ICT by IANS
By James Jose New Delhi, Aug 8 (IANS) Whether it is a businessman who wants to know if it is safe to visit certain cities in Mexico or a tourist in Tokyo who ... Read more...

Posted in Sci-Tech |

MindTree net dips 72 percent in first quarter


July 19th, 2010 - 10:16 pm ICT by IANS
Bangalore, July 19 (IANS) Global IT solutions firm MindTree Monday reported consolidated net profit of Rs.16 crore for the first quarter (April-June) of this fiscal (2010-11), registering a sharp decline of 72 ... Read more...

Posted in Business |

Three Chinese firms in top 10 of Fortune 500


July 9th, 2010 - 1:26 pm ICT by IANS
Beijing, July 9 (IANS) Fifty-four Chinese firms are on the Fortune Global 500 companies list by revenue, with three in the top 10, a media report said Friday. Three Chinese companies -- Sinopec, ... Read more...

Posted in Business |

Managers’ jobs at risk even after corporate restructuring


May 12th, 2010 - 5:12 pm ICT by IANS
Washington, May 12 (IANS) Managers who evade the axe when companies restructure can still be on a shakier ground, says a new study by the University of Illinois. Corporate streamlining shifts the ... Read more...

Posted in Business |

Restructuring puts remaining workers at risk too


May 12th, 2010 - 1:50 pm ICT by ANI
Washington, May 12 (ANI): At the time of restructuring, even workers who escape layoffs, end up being at risk, a new study by a University of Illinois labor expert found.John Dencker, a ... Read more...

Posted in Business |

Chengdu woos Indian firms to invest in China’s IT hub


February 28th, 2010 - 9:38 pm ICT by IANS
Bangalore, Feb 28 (IANS) Chengdu in Sichuan province of southwest China is wooing Indian firms to set up software development centres in that country's IT hub and major outsourcing destination. "Chengdu is an ... Read more...

Posted in Business |

Are women programmed for failure?


February 10th, 2010 - 4:25 pm ICT by IANS
London, Feb 10 (IANS) Leadership positions in business have proven to be precarious for women. Female business leaders are more likely to be appointed to powerful leadership positions when an organisation is ... Read more...

Posted in Sci-Tech |

Turning the Dead Sea mud into money


December 11th, 2009 - 9:02 pm ICT by Aishwarya Bhatt
Mitzpe Shalem, Dec 11 (THAINDIAN NEWS) It is a very unlikely business model that few would attempt to emulate. It is extremely hot and the only ingredients present there in enormous ... Read more...

Posted in Sci-Tech |

Manmohan Singh as first state visitor of Obama presidency no accident: US


November 6th, 2009 - 11:34 am ICT by IANS
By Arun Kumar Washington, Nov 6 (IANS) President Barack Obama's decision to have Prime Minister Manmohan Singh as the very first state visitor of his administration was no accident, according to a ... Read more...

Posted in World |

MPEDA, SYSCO signs agreement to promote Indian Black Tiger Shrimps


October 5th, 2009 - 5:45 pm ICT by ANI
New Delhi, Oct 5 (ANI): The Marine Products Export Development Authority (MPEDA) today signed an agreement for Promotion of Indian Black Tiger Shrimp including the Co-Branding Agreement with SYSCO (USA).The agreement was ... Read more...

Posted in National |

Global car breakdown service launches operations in India


July 23rd, 2009 - 2:30 pm ICT by IANS
Mumbai, July 23 (IANS) Stranded on the road due to a vehicle breakdown and no help around? Not any more. Europ Assistance, an international firm in the field of professional automotive assistance ... Read more...

Posted in Business |

America’s dollar stores get hot in recession


May 2nd, 2009 - 11:12 am ICT by IANS
Washington, May 2 (IANS) America's dollar stores, those once-dowdy chains that lures shoppers by selling some or all of their merchandise for just $1 or rock-bottom prices, have become suddenly hot in ... Read more...

Posted in Business |

Indra Nooyi ranked fourth on Fortune 500 Women CEOs list


April 21st, 2009 - 10:14 am ICT by IANS
By Arun Kumar Washington, April 21 (IANS) The Fortune 500 may be dominated by male CEOs, but Indra Nooyi, Indian American CEO of Pepsico is listed fourth among "15 women (who) show what ... Read more...

Posted in Business |

Bangalore software firm opens subsidiary in Dubai


March 4th, 2009 - 6:18 pm ICT by IANS
Bangalore, March 4 (IANS) The city-based IT solutions firm Sonata Software has set up a wholly-owned subsidiary at Dubai Internet City in the United Arab Emirates (UAE) as its regional hub for ... Read more...

Posted in Uncategorized |

Software major Mindtree Limited posts 16.6 percent growth in Q3


January 19th, 2009 - 7:27 pm ICT by ANI
Bangalore, Jan.19 (ANI): Global IT company Mindtree Limited announced its results today for the third quarter ended December 31, 2008 as approved by its Board of Directors. The company announced that its ... Read more...

Posted in Business |

Satyam fraud makes Nasscom tell IT firms ‘be transparent’


January 16th, 2009 - 4:17 pm ICT by IANS
Bangalore, Jan 16 (IANS) The massive financial fraud by IT bellwether Satyam Computer Services has goaded the software industry's representative body into issuing a wake-up call to its members across India and ... Read more...

Posted in Sci-Tech |

Flawed corporate methods fuelled current economic meltdown


October 10th, 2008 - 3:02 pm ICT by IANS
Washington, Oct 10 (IANS) Archaic corporate systems failing to unearth risky business deals helped fuel the country's deepest financial meltdown since the Great Depression, a University of Illinois business law expert said.Larry ... Read more...

Posted in World |

ONGC to foray into uranium mining


July 28th, 2008 - 9:45 pm ICT by IANS
New Delhi, July 28 (IANS) India's flagship upstream petroleum company and Fortune 500 firm, the state-owned Oil and Natural Gas Corp Ltd (ONGC), has announced a foray into uranium mining, it said ... Read more...

Posted in Business |

Saudi firm gives software solution order to Bangalore developer


June 21st, 2008 - 7:36 pm ICT by IANS
Bangalore, June 21 (IANS) Saudi Arabia's leading point-of-sales (PoS) solutions provider Intersoft will outsource its retail software solution to Bangalore-based Taranag Software to ensure secure payment transactions. Tarang's retail software will enable ... Read more...

Posted in Sci-Tech |

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