leadership position

Non-life insurers log 17 percent growth in first quarter


July 12th, 2012 - 4:36 pm ICT by IANS
Chennai, July 12 (IANS) The 24 non-life insurance companies logged 17.96 percent business growth during the first quarter of the current fiscal, said industry sources."The industry closed the first quarter ... Read more...

Posted in Business |

Italian firm Sogefi to expand capacity in India


July 6th, 2012 - 12:34 am ICT by IANS
Bangalore, July 5 (IANS) Leading Italian auto component firm Sogefi SPA will soon expand its production capacity in India by setting up its third joint venture facility at Pune to ... Read more...

Posted in Business |

India’s mobile handsets sales cross 50 mn in Jan-March


July 3rd, 2012 - 8:04 pm ICT by IANS
New Delhi, July 3 (IANS) India's mobile handsets sales crossed 50 million units in the Jan-March quarter, up 9.1 percent from the like period of the previous year, with Nokia ... Read more...

Posted in Sci-Tech |

Keshub Mahindra retires in Aug 8, Anand to take over (Lead)


May 30th, 2012 - 8:31 pm ICT by IANS
Mumbai, May 30 (IANS) After remaining at the helm for 48 years, Mahindra & Mahindra Chairman Keshub Mahindra will step down Aug 8, making way for his nephew, Anand Mahindra, ... Read more...

Posted in Uncategorized |

Escorts ploughs deep in premium tractor segment


May 17th, 2012 - 6:14 pm ICT by IANS
Chennai, May 17 (IANS) In an attempt to regain its top position in the high-powered tractor segment, tractor maker Escorts Ltd. will launch one new range every six months, said ... Read more...

Posted in Business |

Bajaj Auto’s fourth quarter net profit down 45 percent


May 17th, 2012 - 3:58 pm ICT by IANS
Mumbai, May 17 (IANS) Two- and three-wheeler major Bajaj Auto Thursday reported a decline of 44.87 percent in its net profit for the fourth quarter of last fiscal which stood ... Read more...

Posted in Business |

Kenya keen on India’s participation in LAPSSET


March 19th, 2012 - 10:41 pm ICT by IANS
New Delhi, March 19 (IANS) Kenya Monday invited India to participate in one of the largest infrastructure development projects in Africa-- the Lamu Port and Lamu Southern Sudan-Ethiopia Transport Corridor ... Read more...

Posted in Business |

Eurocopter to focus on new markets in India


March 13th, 2012 - 7:13 pm ICT by IANS
Hyderabad, March 13 (IANS) Eurocopter, the global leader in helicopters, will focus on new markets in India in the emergency medical services, utility, law enforcement and search and rescue areas ... Read more...

Posted in Uncategorized |

Crisil to target SMEs in tier II, III towns


February 22nd, 2012 - 8:52 pm ICT by IANS
Chennai, Feb 22 (IANS) Credit rating agency Crisil Ltd is planning to rate around 100,000 small and medium enterprises (SME) by 2015 and is looking at tier II and III ... Read more...

Posted in Business |

Hero Cycles forays into high-end bicycles


February 20th, 2012 - 9:52 pm ICT by IANS
Mumbai, Feb 20 (IANS) Cycle major, Hero Cycles Monday announced their foray into high-end bicycles with the launch of their brand 'Urban Trail', unveiling the 'Red Dot', the first product ... Read more...

Posted in Business |

Best Western to set up 66 hotels in India


January 6th, 2012 - 7:48 pm ICT by IANS
New Delhi, Jan 6 (IANS) US hotel chain Best Western International is planning to invest Rs.1,600 crore ($301 million) to open 66 new hotels, including 20 five-star ones, spread across ... Read more...

Posted in Business |

Hero MotoCorp unveils new range of two-wheelers


January 4th, 2012 - 4:17 pm ICT by IANS
New Delhi, Jan 4 (IANS) Two-wheeler major Hero MotoCorp Wednesday unveiled its new range of two-wheelers, including a 110cc scooter Maestro and two motorcycles -- the 125cc Ignitor and the ... Read more...

Posted in Business |

Micromax appoints new CEO


December 27th, 2011 - 8:50 pm ICT by IANS
New Delhi, Dec 27 (IANS) Domestic handset manufacturer Micromax Tuesday said it has appointed Deepak Mehrotra as its chief executive officer (CEO) to firm up its leadership position in the ... Read more...

Posted in Business |

Computer monitor sales up 17 percent


November 29th, 2011 - 10:10 pm ICT by IANS
New Delhi, Nov 29 (IANS) The personal computer (PC) monitor sales in top 30 cities of the country stood at 7.41 lakh units during the quarter ended Sep 30, a ... Read more...

Posted in Business |

Finnair starts maiden cargo service to India


September 16th, 2011 - 7:48 pm ICT by IANS
Helsinki, Sep 16 (IANS) In a bid to cash in on the fast growing freighter services demand between India and Europe, Nordic carrier Finnair's cargo subsidiary Friday started its maiden ... Read more...

Posted in Business |

Lok Capital invests $3 million in rural BPO


September 15th, 2011 - 7:31 pm ICT by IANS
Bangalore, Sep 15 (IANS) Lok Capital venture fund Thursday said it has invested $3 million (Rs.1.44 crore) in RuralShores Business Services Ltd, a rural business process outsourcing (BPO) firm."RuralShores will ... Read more...

Posted in Business |

Audi launches business edition of SUV Q5


August 23rd, 2011 - 5:46 pm ICT by IANS
Mumbai, Aug 23 (IANS) German luxury car manufacturer Audi Tuesday launched the business edition of its sports utility vehicle (SUV) Q5 2.0 TDI Quattro priced at Rs.3,513,000 (ex-showroom Maharashtra). It ... Read more...

Posted in Business |

Capitol One to acquire HSBC’s domestic credit card business for $2.6 billion


August 10th, 2011 - 8:49 pm ICT by BNO News
MCLEAN, VIRGINIA (BNO NEWS) -- Capital One Financial Corporation on Wednesday announced that it has agreed to acquire HSBC's domestic credit card business, including its approximately $30 billion credit card portfolio, for ... Read more...

Posted in Business |

Nokia launches E6, X7 with Symbian Anna user interface


June 29th, 2011 - 6:28 pm ICT by IANS
New Delhi, June 29 (IANS) Mobile handset maker Nokia Wednesday launched two new smartphones, the E6 and X7, with Symbian Anna user interface - an upgraded version of the Symbian ... Read more...

Posted in Sci-Tech |

GM to build first electric motor plant in US


May 18th, 2011 - 8:29 am ICT by IANS
Chicago, May 18 (IANS) The General Motors Co. (GM) Tuesday announced its plan to build an electric motor plant near Baltimore, Maryland, the first such plant dedicated to making key ... Read more...

Posted in Business |

Endosulfan can be phased out early if alternative found: Ramesh


May 3rd, 2011 - 1:00 am ICT by IANS
New Delhi, May 2 (IANS) Environment Minister Jairam Ramesh Monday said the government could phase out the killer pesticide endosulfan even before the 11-year time frame agreed at a Stockholm ... Read more...

Posted in Uncategorized |

Chhabra 555 to open 10 new outlets in 2011-12


April 14th, 2011 - 6:24 pm ICT by IANS
New Delhi, April 14 (IANS) Ethnic apparel retailer Chhabra 555 plans to open 10 new outlets during the current financial year in different parts of India and aims to attain ... Read more...

Posted in Business |

IITians in Canada observe day-long fast for Anna Hazare


April 14th, 2011 - 8:55 am ICT by IANS
Toronto, April 14 (IANS) IITians in Canada went on a day-long fast here Wednesday in support of Anna Hazare's crusade for a tougher Lokpal Bill to combat corruption in India.Members ... Read more...

Posted in Uncategorized |

Reliance Industries plans major capacity expansion


April 13th, 2011 - 8:23 pm ICT by IANS
New Delhi, April 13 (IANS) India's largest private sector player Reliance Industries Limited (RIL) Wednesday said it was expanding its polyester manufacturing capacity in a major way to capitalise on ... Read more...

Posted in Business |

Environment not a cost or obligation but intrinsic to business and growth: Jairam Ramesh


April 9th, 2011 - 3:53 pm ICT by ANI
New Delhi, Apr. 9 (ANI): In a panel discussion titled 'Environment Security: Beyond Copenhagen and Cancun',Environment and Forests Minister Jairam Ramesh on Saturday highlighted that environmental security is important due to domestic ... Read more...

Posted in Business |

Audi Q5’s diesel variant launched


March 28th, 2011 - 8:24 pm ICT by IANS
Mumbai, March 28 (IANS) German luxury car manufacturer Audi's Indian subsidiary Monday launched a new diesel-engine variant of its luxury sports utility vehicle (SUV) Q5, priced at Rs.3,905,000 (ex-showroom Maharashtra)."We ... Read more...

Posted in Business |

Jet Airways’ market share 26.1 percent in February


March 23rd, 2011 - 6:26 pm ICT by IANS
New Delhi, March 23 (IANS) Leading private airline Jet Airways Wednesday reported a consolidated market share of 26.1 percent in the domestic segment in February."Jet Airways together with JetLite, successfully ... Read more...

Posted in Business |

Dubovskov appointed president, chief executive officer of MTS


March 5th, 2011 - 6:35 pm ICT by IANS
New Delhi, March 5 (IANS) Russian mobile operator MTS (Mobile TeleSystems) Saturday appointed Andrei Dubovskov as its president and chief executive officer (CEO), replacing Mikhail Shamolin who served the company ... Read more...

Posted in Business |

Kiran Karnik joins Attero Recycling board


February 13th, 2011 - 7:03 pm ICT by IANS
New Delhi, Feb 13 (IANS) Former Nasscom president Kiran Karnik has joined venture capital funds-backed Attero Recycling, an electronic waste management firm, as its first independent director."I am excited to join ... Read more...

Posted in Business |

India must not rest on BPO achievements: Indian-origin deputy mayor (With Image)


February 6th, 2011 - 2:35 pm ICT by IANS
By Neelaxi Arora Franklin (New Jersey), Feb 6 (IANS) India "cannot rest on its past accomplishments" in the BPO industry since China and the Philippines are "threatening India's leadership position", says Rajiv ... Read more...

Posted in Business |

Kiran Karnik joins Attero Recycling Board as first ‘Independent Director’


January 28th, 2011 - 4:59 pm ICT by ANI
New Delhi, Jan 28 (ANI): In a significant development in the rapidly evolving e-waste recycling sector, former National Association of Software and Services Companies (NASSCOM) President Kiran Karnik has joined the Attero ... Read more...

Posted in National |

Technopark IT firm signs $25 mn distribution deal


January 10th, 2011 - 6:15 pm ICT by IANS
Thiruvananthapuram, Jan 10 (IANS) Technopark-based firm Artin Dynamics Monday signed an agreement with Mivire Consultancy Services Pvt. Ltd (MCS) to distribute a power saving product in Britain in a $25 million deal.Artin ... Read more...

Posted in Business |

Tata Consultancy, Hilton Worldwide tie up for IT services


December 22nd, 2010 - 8:12 pm ICT by IANS
Mumbai, Dec 22 (IANS) Tata Consultancy Services (TCS) Wednesday said it has signed a multi-year agreement with global hospitality company Hilton Worldwide to enhance its technology strategy as part of its 'Hilton ... Read more...

Posted in Business |

Farm-reliant Ethiopia is fertile for India Inc: Dy Prime Minister (Interview)


December 5th, 2010 - 1:11 pm ICT by IANS
By Lakshmi Krishnakumar New Delhi, Dec 5 (IANS) Ethiopia not only seeks Indian investment but also offers itself as a base for import of farm and industrial goods produced there for a partnership ... Read more...

Posted in Business |

Jet Airways reports rise in number of flyers


November 23rd, 2010 - 7:59 pm ICT by IANS
Mumbai, Nov 23 (IANS) Private air carrier Jet Airways reported an 18.1 percent rise in its international passenger numbers for the month of October, a statement said Tuesday."Strategic code-shares and innovative ... Read more...

Posted in Business |

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