indian arm

Vodafone chief Vittorio Colao meets Sibal


February 13th, 2012 - 7:57 pm ICT by IANS
New Delhi, Feb 13 (IANS) Vittorio Colao, chief executive of the world's largest mobile telephone operator, Vodafone Plc, met Communications Minister Kapil Sibal here Monday and is understood to have ... Read more...

Posted in Business |

Thomas Cook’s India business up for sale


February 8th, 2012 - 7:19 pm ICT by IANS
Mumbai, Feb 8 (IANS) Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received ... Read more...

Posted in Business |

Sistema to contest Supreme Court verdict on 2G licence


February 3rd, 2012 - 9:03 pm ICT by IANS
New Delhi, Feb 3 (IANS) Russian conglomerate Sistema Friday said it will seek legal remedies to safeguard its interests in India and the telecom operations under the joint venture with ... Read more...

Posted in Business |

Sistema Shyam TeleServices raises Rs.1,280 crore


January 12th, 2012 - 4:50 pm ICT by IANS
New Delhi, Jan 12 (IANS) Russian telecom major Sistema Thursday said its Indian arm -- Sistema Shyam TeleServices (SSTL) -- has raised Rs.1,280 crore from Deutsche Bank for scaling up ... Read more...

Posted in Business |

Canon to open 300 outlets across India’s small towns


November 22nd, 2011 - 2:42 pm ICT by IANS
New Delhi, Nov 22 (IANS) Japanese imaging major Canon's Indian arm aims to triple its business to Rs.4,500 crore ($1 billion) in four years by opening 300 exclusive outlets, many ... Read more...

Posted in Business |

Bill to help banks recover dues to be introduced in winter session


October 13th, 2011 - 5:26 pm ICT by IANS
New Delhi, Oct 13 (IANS) The government Thursday approved the introduction of a bill in the winter session of parliament, which will help banks improve their debt recovery process and ... Read more...

Posted in Uncategorized |

Dr.Oetker targets 165 crore sale by 2015


September 21st, 2011 - 10:25 pm ICT by IANS
New Delhi, Sep 21 (IANS) German-based FMCG firm Dr.Oetker's Indian arm targets a sale of Rs.165 crore by 2015 as it launches new products in the country and gears up ... Read more...

Posted in Business |

Eaton in talks with car makers for its superchargers


September 6th, 2011 - 8:12 pm ICT by IANS
Chennai, Sep 6 (IANS) Following the success of its supercharger fitted in Nissan cars made here for export, the Indian arm of US-based diversified industrial products manufacturer Eaton Corporation is ... Read more...

Posted in Business |

Apex court’s final hearing on Sterlite project next year (Lead)


August 23rd, 2011 - 10:40 pm ICT by IANS
New Delhi, Aug 23 (IANS) As the Supreme Court was told Tuesday that the withdrawal of environment clearance for the joint venture bauxite mining project of the Orissa Mining Corporation ... Read more...

Posted in Business |

Cairn Energy tells Indian arm to accept government terms


August 23rd, 2011 - 4:51 pm ICT by IANS
Mumbai, Aug 23 (IANS) London-based oil major Cairn Energy's board Tuesday voted in favour of accepting conditions laid out by the government for allowing sale of 40 percent of its ... 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 |

I-T authorities can dissect any takeover deal: Apex court


August 4th, 2011 - 9:50 pm ICT by IANS
New Delhi, Aug 4 (IANS) The Supreme Court Thursday said income-tax (I-T) authorities can go behind a deal to ascertain whether it is a genuine and legal transaction or something ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court (Lead)


August 3rd, 2011 - 11:29 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Business |

Nothing colourable in takeover, Vodafone tells apex court


August 3rd, 2011 - 10:22 pm ICT by IANS
New Delhi, July 3 (IANS) The Supreme Court Wednesday was told that there was nothing colourable in telecom giant Vodafone's transaction with Hutchinson International Ltd. for acquiring its Indian arm ... Read more...

Posted in Uncategorized |

Apex court questions environment ministry on Niyamgiri (Lead)


August 1st, 2011 - 8:58 pm ICT by IANS
New Delhi, Aug 1 (IANS) The Supreme Court Monday asked the ministry of environment and forests to respond to a plea of the Orissa Mining Corporation (OMC) challenging the withdrawal ... Read more...

Posted in Business |

Supreme Court questions environment ministry on Niyamgiri


August 1st, 2011 - 1:45 pm ICT by IANS
New Delhi, Aug 1 (IANS) The Supreme Court Monday asked the ministry of environment and forests to respond to a plea of the Orissa Mining Corporation (OMC) challenging the ... Read more...

Posted in Environment |

PM hints at Cairn-Vedanta deal clearance


May 29th, 2011 - 12:47 am ICT by IANS
On Board Air India One, May 28 (IANS) Prime Minister Manmohan Singh Saturday said that India was still a preferred destination for foreign investment and assured that issues relating ... Read more...

Posted in Uncategorized |

Supreme Court notice to government on Orissa project


April 21st, 2011 - 11:40 pm ICT by IANS
New Delhi, April 21 (IANS) The Supreme Court Thursday issued notices to the ministry of environment and forests (MoEF), the Orissa government and Sterlite Industries on a petition challenging the ... Read more...

Posted in Business |

Telenor asks Sanjay Chandra to step down as Unitech Wireless chief


April 20th, 2011 - 7:43 pm ICT by IANS
New Delhi, April 20 (IANS) Norway-based telecom major Telenor has asked Sanjay Chandra, chairman of its Indian arm Unitech Wireless and co-accused in the case involving award of second generation ... Read more...

Posted in Business |

In India, women bankers have broken glass ceiling (March 8 is International Women’s Day)


March 6th, 2011 - 3:47 pm ICT by IANS
New Delhi, March 6 (IANS) As the world celebrates Women's Day Tuesday, a striking facet in the otherwise male-dominated corporate world in India has been the representation of women in ... Read more...

Posted in Business |

Atlas Copco to delist from Indian bourses


March 2nd, 2011 - 9:12 pm ICT by IANS
New Delhi, March 2 (IANS) Atlas Copco, the Indian arm of the Sweden-based Atlas Group, Wednesday said it had decided to delist its stock from Indian bourses as the firm's ... Read more...

Posted in Business |

General Motors targets 40 percent volume growth in 2011


February 14th, 2011 - 5:28 pm ICT by IANS
Chennai, Feb 14 (IANS) The Indian arm of global car major General Motors is confident of growing 40 percent this year with new products like a diesel version of the compact car ... Read more...

Posted in Business |

Samsung India posts $3.5 billion turnover in 2010


January 20th, 2011 - 7:13 pm ICT by IANS
Hyderabad, Jan 20 (IANS) The Indian arm of Korean consumer durable major Samsung posted a turnover of $3.5 billion (over Rs.15,935 crore) during 2010 and has set a growth target of 40 ... Read more...

Posted in Business |

Pearson, Pratham Books ink deal to carry story books to villages


October 26th, 2010 - 8:56 pm ICT by IANS
New Delhi, Oct 26 (IANS) Publishing giant Pearson Education (Pearson Longman) has inked a memorandum of understanding with Pratham Books, a non-profit platform, to promote reading among marginalised children in the villages ... Read more...

Posted in Business |

Holiday, thin office turnout on Ayodhya judgment day (Lead)


September 30th, 2010 - 10:13 pm ICT by IANS
New Delhi, Sep 30 (IANS) Offices in and around the national capital saw a thin turnout Thursday as many companies had declared a half-day ahead of the Ayodhya land dispute verdict. ... Read more...

Posted in Business |

Holiday, thin attendance in offices ahead of Ayodhya verdict


September 30th, 2010 - 12:21 pm ICT by IANS
New Delhi, Sep 30 (IANS) Attendance in a host of offices was thin in and around India's national capital with most managements declaring Thursday a half-day, ahead of the Ayodhya land ... Read more...

Posted in Business |

Travel solution provider Egencia India awarded major gong at Goa summit


September 24th, 2010 - 7:18 pm ICT by ANI
Gurgaon, Sept.24 (ANI): The Indian arm of Egencia, the world's fifth largest travel management company, Egencia India, has been awarded the "The Best Travel Solution Provider" for " Excellence in Outsourced Travel ... Read more...

Posted in Business |

CRISIL to acquire Pipal Research for $12.75 mn


September 22nd, 2010 - 4:50 pm ICT by IANS
Mumbai, Sep 22 (IANS) Credit rating agency CRISIL Wednesday said it is buying US-based knowledge process outsourcing firm Pipal Research in a $12.75 million deal. CRISIL expects the acquisition to add more teeth ... Read more...

Posted in Business |

Vishal Retail sells business for Rs.100 crore


September 13th, 2010 - 6:02 pm ICT by IANS
Mumbai, Sep 13 (IANS) Debt-ridden Vishal Retail Monday said it would sell its retail operations to the Shriram Group and wholesale business to the Indian subsidiary of US-based private equity firm TPG. It ... Read more...

Posted in Business |

Vedanta-Cairn deal depends on shareholders approval: Khurshid


August 25th, 2010 - 10:20 pm ICT by IANS
New Delhi, Aug 25 (IANS) Corporate Affairs Minister Salman Khurshid said Wednesday the government will not have any problem with London-based Vedanta Resources acquiring Cairn India, if shareholders of the upstream oil ... Read more...

Posted in Business |

Cairn chief meets India’s oil minister after Vedanta deal


August 17th, 2010 - 8:10 pm ICT by IANS
New Delhi, Aug 17 (IANS) The top brass of Britain's Cairn Energy met Petroleum Minister Murli Deora here Tuesday, a day after agreeing to sell up to 60 percent stake in their ... Read more...

Posted in Business |

Vedanta enters oil prospecting with $8.5-$9.6 bn Cairn deal (Roundup)


August 16th, 2010 - 8:46 pm ICT by IANS
Mumbai, Aug 16 (IANS) London-based industrialist Anil Agarwal-led Vedanta Group Monday announced a $8.5-$9.6 billion deal to acquire 51-60 percent stake in the Indian arm of British hydrocarbons explorer Cairn Energy to ... Read more...

Posted in Business |

Qualcomm sells 26 percent stake to Global Holding and Tulip


July 30th, 2010 - 4:31 pm ICT by IANS
New Delhi, July 30 (IANS) California-based cellphone chipmaker Qualcomm Friday sold 26 percent stake in its Indian arm to Global Holding Corporation and Tulip Telecom to form a joint venture to roll ... Read more...

Posted in Business |

Qualcomm’s Indian arm to sell 26 percent stake


July 29th, 2010 - 7:00 pm ICT by IANS
New Delhi, July 29 (IANS) Cellphone chipmaker Qualcomm plans to sell 26 percent stake in its Indian arm to local partners, the company said Thursday. "We are aiming at local partners and ... Read more...

Posted in Business |

Coca-Cola reports 22 percent jump in India sales


July 21st, 2010 - 9:38 pm ICT by IANS
New Delhi, July 21 (IANS) The Indian arm of the Coca-Cola corporation registered a 22 percent growth in sales during the second quarter of the current calendar year, the company reported Wednesday. "During ... Read more...

Posted in Business |

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