indian operations

India to share 10 percent of Forevermark global sales


July 21st, 2012 - 1:09 pm ICT by IANS
Chennai, July 21 (IANS) Diamond major De Beers Group company Forevermark hopes that India would contribute around 10 percent of its targeted global revenue of $1 billion in five years ... Read more...

Posted in Business |

Renault-Nissan’s Indian plant to cater to Danone’s mega order


July 5th, 2012 - 10:38 pm ICT by IANS
Chennai, July 5 (IANS) The Indian plant of Franco-Japanese Renault-Nissan Alliance will also cater to the 15,000 vehicle ordered by French food company Danone for its operations spread across 25 ... Read more...

Posted in Business |

Danish group Danfoss’ new plant goes on stream


June 27th, 2012 - 12:36 am ICT by IANS
Chennai, June 26 (IANS) Danish group Danfoss Tuesday inaugurated its factory here for manufacturing two million units of filter-driers per annum to meet its Indian and global air-conditioning market's demand ... Read more...

Posted in Business |

Carborundum Universal turns acquisitive in South Africa


June 19th, 2012 - 11:29 pm ICT by IANS
Chennai, June 19 (IANS) Abrasives major Carborundum Universal Ltd (CUMI) Tuesday announced the signing of a binding agreement with Austrian company RHI to acquire the latter's wholly-owned fused minerals subsidiary ... Read more...

Posted in Business |

Court issues notice over taxing internet-based firms (Second Lead)


June 6th, 2012 - 7:09 pm ICT by IANS
New Delhi, June 6 (IANS) The Delhi High Court Wednesday issued notice to the central government, social networking site Facebook India and Google India on a plea seeking recovery ... Read more...

Posted in Business |

Court issues notice over taxing internet-based firms (Lead)


June 6th, 2012 - 5:55 pm ICT by IANS
New Delhi, June 6 (IANS) The Delhi High Court Wednesday issued notice to the central government, social networking site Facebook India and Google India on a plea seeking recovery ... Read more...

Posted in Business |

Tata Steel Q4 net slips about 90 percent


May 18th, 2012 - 11:39 pm ICT by IANS
Kolkata, May 18 (IANS) Tata Steel, India's largest private sector steel major, Friday reported a 89.64 percent slide in its consolidated net profit at Rs.4.33 billion for the quarter ending ... Read more...

Posted in Business |

Dissapointed Vodafone to take steps to safeguard interest


May 9th, 2012 - 9:44 pm ICT by IANS
New Delhi, May 9 (IANS) A day after Finance Minister Pranab Mukherjee declared that India won't give in to pressure and change its retrospective tax legislation, Vodafone Plc said ... Read more...

Posted in Business |

Telenor’s India unit posts $806mn quarterly loss


May 8th, 2012 - 5:25 pm ICT by IANS
New Delhi, May 8 (IANS) Norway-based Telenor's India unit Tuesday reported an operating loss of 4.68 billion Norwegian kroner ($806 million) burdened by a huge impairment charge on its Indian ... Read more...

Posted in Sci-Tech |

Satmetrix launches customer feedback solution in India


March 27th, 2012 - 7:21 pm ICT by IANS
Thiruvananthapuram, March 27 (IANS) US-based Satmetrix, which has a development centre in the Technopark campus here, launched its customer feedback solution, Net Promoter Score (NPS), in the country Tuesday.The NPS ... Read more...

Posted in Sci-Tech |

Top level changes at Nissan India, Renault Nissan


March 23rd, 2012 - 11:23 pm ICT by IANS
Chennai, March 23 (IANS) Japanese automobile maker Nissan Motor Ltd Friday announced appointment of Takayuki Ishida as the managing director of its Indian subsidiary Nissan Motor India Pvt Ltd, while ... Read more...

Posted in Uncategorized |

Eurocopter’s 2011 market share at 65 percent


March 13th, 2012 - 10:38 pm ICT by IANS
New Delhi/Hyderabad, March 13 (IANS) Helicopter manufacturer Eurocopter Tuesday reported that it had gained a market share of 65 percent in the first year of its Indian operations in 2011.The ... Read more...

Posted in Business |

Government seeks review of Supreme Court’s Vodafone verdict (Lead)


February 18th, 2012 - 12:19 am ICT by IANS
New Delhi, Feb 17 (IANS) The Indian tax authorities Friday filed a review petition in the Supreme Court on its verdict in a Rs.11,218 crore ($2.2 billion) tax dispute favouring ... Read more...

Posted in Uncategorized |

Tata Steel posts Rs.6 billion Q3 net loss


February 9th, 2012 - 11:42 pm ICT by IANS
Kolkata, Feb 9 (IANS) India's biggest steel maker Tata Steel Thursday reported a consolidated net loss of Rs 6.03 billion for the quarter ended December 2011, against a net profit ... Read more...

Posted in Business |

Telenor to write down $724.5 mn investments in Uninor


February 4th, 2012 - 3:50 pm ICT by IANS
New Delhi, Feb 4 (IANS) Norwegian firm Telenor Saturday said it would write down investments into its Indian mobile arm -- Uninor -- worth about $724.5 million (4.2 billion NOK) ... 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 |

Vodafone needn’t pay tax for Hutch acquisition: Supreme Court


January 20th, 2012 - 3:30 pm ICT by IANS
New Delhi, Jan 20 (IANS) The Supreme Court Friday set aside the Bombay High Court order directing Vodafone to pay a tax of Rs.11,218 crore ($2.5 billion) for acquiring the ... Read more...

Posted in Uncategorized |

Shubh Jewellers targets southern India with 550 gold outlets


December 15th, 2011 - 3:28 pm ICT by IANS
Mumbai, Dec 14 (IANS) Soaring gold prices notwithstanding, a leading jewellery company has announced the opening of 550 retail outlets across southern India under the Shubh Jewellers brand, an official ... Read more...

Posted in Business |

Caterpillar to expand Indian operations investing $212 million


December 1st, 2011 - 1:14 am ICT by IANS
Chennai, Nov 30 (IANS) As a part of its $3 billion expansion programme globally, mining, construction equipment and engines manufacturer Caterpillar Inc will be investing $212 million over the next ... Read more...

Posted in Business |

Engineering consultancy Meinhardt to invest Rs.100 crore in India


September 18th, 2011 - 6:46 pm ICT by IANS
New Delhi, Sep 18 (IANS) Singapore-headquartered Meinhardt Group, an engineering consultancy services firm, Sunday said it plans to invest Rs.100 crore within a year in expanding its Indian operations."We have ... Read more...

Posted in Business |

Continental plans 50 mn euros investment in India


August 24th, 2011 - 9:44 pm ICT by IANS
New Delhi, Aug 24 (IANS) International tyre manufacturer Continental Wednesday said that it plans to invest 50 million euros in its Indian operations for ramping up production of passenger and ... Read more...

Posted in Business |

Pirmal Healthcare scrip up 1.62 percent day after Vodafone deal


August 11th, 2011 - 2:16 pm ICT by IANS
Mumbai, Aug 11 (IANS) A day after announcing that it would purchase 5.5 percent in telecom major Vodafone's Indian operations, the scrip of Ajay Piramal-promoted Piramal Healthcare was ruling 1.62 ... Read more...

Posted in Business |

SBI to acquire its subsidiary SBICI Bank


July 21st, 2011 - 5:20 pm ICT by IANS
New Delhi, July 21 (IANS) State Bank of India (SBI) will acquire its wholly-owned subsidiary SBICI Bank Ltd, which runs two branches in Mumbai and has business of nearly ... Read more...

Posted in Uncategorized |

French auto giant PSA Peugeot to invest Rs.4,000 crore in Tamil Nadu


June 29th, 2011 - 6:14 pm ICT by IANS
Chennai, June 29 (IANS) Europe's second largest automobile maker PSA Peugeot Citroen (Peugeot) has decided to set up an integrated automobile project near the Tamil Nadu state capital at an ... Read more...

Posted in Business |

Japan’s Ylem Infotech starts Indian operations


May 31st, 2011 - 11:59 pm ICT by IANS
Thiruvananthapuram, May 31 (IANS) Japan-based Ylem Infotech Pvt Ltd, a Technopark-TBI incubated company, has commenced its Indian operations from Technopark campus here, company officials said.Ryo Haishima and Horoyuko Chihara, directors ... Read more...

Posted in Business |

Sanjiv Wadhwa held in CWG overlays scam


March 7th, 2011 - 8:37 pm ICT by IANS
New Delhi, March 7 (IANS) The Central Bureau of Investigation (CBI) Monday arrested Sanjiv Wadhwa, director of Indian operations of a Switzerland-based company, in connection with the Commonwealth Games (CWG) ... Read more...

Posted in Uncategorized |

Force10 to expand India development centre


February 5th, 2011 - 12:47 pm ICT by IANS
By V. Jagannathan Chennai, Feb 5 (IANS) With the global market for computer networking products and solutions on the rebound, the $175 million revenue Force10 Networks Inc. plans to expand its Indian development ... Read more...

Posted in Business |

Cognizant to recruit 25,000 employees in 2011


January 18th, 2011 - 10:56 pm ICT by IANS
Kolkata, Jan 18 (IANS) IT firm Cogizant Technology Solutions (CTS) is set to engage at least 25,000 new employees in 2011, while focusing more within the country in tune with its strategy ... Read more...

Posted in Business |

Indian youth see US colleges as more flexible, life changing: NYT


December 13th, 2010 - 2:41 pm ICT by ANI
New Delhi, Dec.13 (ANI): Indian school and college students are reportedly seeing the United States as a viable avenue to pursue higher education after acquiring their bachelor degrees in India.Higher education institutions ... Read more...

Posted in World |

Italy’s Boggi Milano mulls India as sourcing hub


December 10th, 2010 - 1:54 pm ICT by IANS
Chennai, Dec 10 (IANS) Italian menswear brand Boggi Milano, which has a 140 million euro turnover, is planning to source garments from Indian manufacturers for its global markets, a senior official said. ... Read more...

Posted in Business |

BMW to expand Indian operations


November 24th, 2010 - 7:39 pm ICT by IANS
Chennai, Nov 24 (IANS) German luxury car maker BMW will increase its investment in India to Rs.1.8 billion ($40 million) by the end of 2012 and start rolling out the X1-model from ... Read more...

Posted in Business |

Kobelco to start production in Tamil Nadu in January


November 10th, 2010 - 3:06 pm ICT by IANS
Chennai, Nov 10 (IANS) Japanese earthmoving equipment company Kobelco Construction Machinery will commission its 1,200 units-per-annum hydraulic excavator factory in Tamil Nadu next year.The factory will come up at the Sri City ... Read more...

Posted in Business |

Apex court adjourns Vodafone plea on income tax order (Lead)


October 25th, 2010 - 11:37 pm ICT by IANS
New Delhi, Oct 25 (IANS) The Supreme Court Monday adjourned till Nov 15 the hearing on a petition by telecom giant Vodafone challenging an Income Tax department demand for a payment of ... Read more...

Posted in Business |

US insurer Fidelity National to offshore more work to India


October 5th, 2010 - 7:24 pm ICT by IANS
Chennai, Oct 5 (IANS) Spotting an opportunity to cut its costs by around 30 percent with increased productivity, US-based insurer Fidelity National Title Group Inc has decided to scale up its business ... Read more...

Posted in Business |

Audit services leader PRGX sets up India subsidiary in Pune


September 30th, 2010 - 2:47 pm ICT by ANI
Pune (Maharashtra), Sept.30 (ANI-Business Wire India): PRGX Global, Inc. a business analytics and information services firm headquartered in Atlanta, Georgia, USA, has announced the opening of its Indian branch in Pune, Maharashtra.Romil ... Read more...

Posted in Business |

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