local companies

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

India lowers taxes on overseas borrowings


September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...

Posted in Business |

South Korea’s foreign currency deposits grow


August 7th, 2012 - 2:01 pm ICT by IANS
Seoul, Aug 7 (IANS) South Korea's foreign currency retail deposits grew $3.31 billion last month as more export proceeds were deposited in the foreign currency accounts amid a continued trade ... Read more...

Posted in Business |

Hong Kong may soon have a million companies


July 16th, 2012 - 11:36 am ICT by IANS
Hong Kong, July 16 (IANS) The total number of local companies registered in Hong Kong reached 997,750 at the end of June, Xinhua reported.The figure was up 41,358 from the ... Read more...

Posted in Business |

Telenor confident of roping in new partner before auction


May 31st, 2012 - 8:14 pm ICT by IANS
New Delhi, May 31 (IANS) Norwegian firm Telenor Thursday said it is confident of roping in a new partner before the 2G spectrum auction takes place."If we have to go ... Read more...

Posted in Business |

South Africa to expand local businesses with n-power capacity


April 27th, 2012 - 2:07 pm ICT by IANS
Johannesburg, April 27 (IANS) South Africa wants to build up local businesses as it expands its nuclear power capacity, the country's Energy Minister Dipuo Peters said."It is not just about ... Read more...

Posted in Business |

South Korean firms’ profitability weakens in 2011


April 23rd, 2012 - 1:50 pm ICT by IANS
Seoul, April 23 (IANS) South Korean firms' profitability weakened last year due to an increase in production costs caused by a rise in global raw material prices, the country's central ... Read more...

Posted in Business |

South Korea to invest $1 bn on energy sector


March 20th, 2012 - 2:02 pm ICT by IANS
Seoul, March 20 (IANS) South Korea will invest 1.08 trillion won (around $1 billion) on research and development on the energy sector this year to explore fresh resources, the government ... Read more...

Posted in Business |

South Korea’s business sentiment remains weak in January


January 27th, 2012 - 2:54 pm ICT by IANS
Seoul, Jan 27 (IANS) South Korea's business sentiment remained weak in January as local companies were still worried about economic uncertainties amid fragile domestic demand, the central bank said Friday.The ... Read more...

Posted in Business |

Sri Lankan central bank relaxes regulations


December 13th, 2011 - 2:13 pm ICT by IANS
Colombo, Dec 13 (IANS) Aiming to spur economic growth, the Sri Lankan central bank has relaxed regulations of foreign investments in corporate debentures of local firms and foreign borrowings by ... Read more...

Posted in Business |

Indian delegation to tap Africa’s IT market


August 30th, 2011 - 3:31 pm ICT by IANS
Accra, Aug 30 (IANS) An Indian business delegation is to visit Nigeria and Ghana as part of an African tour in order to tap into the continent's growing IT ... Read more...

Posted in Sci-Tech |

Technopark signs MoU with Sharjah Free Zone


June 16th, 2011 - 10:39 pm ICT by IANS
Thiruvananthapuram, June 16 (IANS) IT hub Technopark and Sharjah's Hamariyah Free Zone Authority (HFZA) Thursday signed a pact for mutual development and promotion of IT and other industry.Technopark CEO Mervin ... Read more...

Posted in Business |

India will lose if it takes on Sri Lanka: daily


June 12th, 2011 - 7:01 pm ICT by IANS
Colombo, June 12 (IANS) A Sri Lankan columnist Sunday warned that India would be the loser if it imposed economic sanctions against Colombo in the wake of calls from politicians ... Read more...

Posted in Politics |

UAE to play bigger role in Bangladesh’s growth


June 5th, 2011 - 11:51 pm ICT by IANS
Dhaka, June 5 (IANS/WAM) The United Arab Emirates seeks to play a bigger role in helping Bangladesh achieve its growth objectives under its Vision 2021 plan, a minister said Sunday."We ... Read more...

Posted in Business |

L Capital’s $640 million for investments in India, China


March 30th, 2011 - 4:13 pm ICT by IANS
New Delhi, March 30 (IANS) International private equity fund L Capital Wednesday said it has launched its fourth private equity fund worth $640 million for investments in sectors like consumer ... Read more...

Posted in Business |

Cobra Beer looks for tie-ups to expand India business


January 23rd, 2011 - 2:39 pm ICT by IANS
By Gyanendra Kumar Keshri New Delhi, Jan 23 (IANS) Cobra Beer, which has invested over $30 million in India so far, plans to double the production capacity of its Bihar unit within two ... Read more...

Posted in Business |

BSA launches software asset management programme in Andhra


January 20th, 2011 - 6:27 pm ICT by IANS
Hyderabad, Jan 20 (IANS) After success in Karnataka and Maharashtra, Business Software Alliance (BSA) Thursday announced the launch of its education and certification programme - leadership in Software Asset Management (SAM) ... Read more...

Posted in Business |

Combat The Chill With Best-Rated Light Beers


January 16th, 2011 - 7:49 pm ICT by GD
By Madhuri Dey Jan 16, (THAINDIAN NEWS) Winter goes incomplete without a mug of beer. Where in summer, many feel, beer tastes like poison almost burning the system, during winter, it tastes nothing ... Read more...

Posted in Life Style |

Six Indonesian companies involved in $187 million tax fraud


January 15th, 2011 - 3:42 pm ICT by BNO News
JAKARTA, INDONESIA (BNO NEWS) -- An Indonesian lawmaker on Friday announced that six local companies were involved in an alleged $187 million tax fraud, the Jakarta Globe reported.Markus Melkias Mekeng, member of ... Read more...

Posted in Business |

Former MIC Chief Vellu appointed special envoy to India-South Asia on infrastructure


December 13th, 2010 - 5:56 pm ICT by ANI
Kuala Lumpur, Dec 13 (ANI): Former Malaysian Indian Congress (MIC) President Samy Vellu has been appointed special envoy to India and South Asia on infrastructure, barely a week after he resigned from ... Read more...

Posted in World |

Cadbury to switch some jobs to Zurich to save taxes


December 5th, 2010 - 11:31 pm ICT by Aishwarya Bhatt
Zurich, Dec 5 (THAINDIAN NEWS) Cadbury’s is all set to shift some of their jobs to Zurich in an apparent bid to save on taxes. This plan is the brainchild of ... Read more...

Posted in Business |

Website gives personal details of Shanghai firms’ bosses


October 25th, 2010 - 11:45 pm ICT by IANS
Beijing, Oct 25 (IANS) The privacy of over 60,000 company bosses in China's Shanghai city is in peril after their personal details were displayed on a website.By typing the words "Shanghai company ... Read more...

Posted in Business |

Fake pearl powder floods China markets


September 21st, 2010 - 4:21 pm ICT by IANS
Beijing, Sep 21 (IANS) Beauty products touted as having been made of powdered pearls, but actually made from shells, are now flooding markets in China, a media report said. A report by China ... Read more...

Posted in World |

Now China is 5th largest global investor


September 6th, 2010 - 10:13 pm ICT by IANS
Beijing, Sep 6 (IANS) China has surged in both outbound and inward investments and now ranks fifth largest investing nation worldwide with outbound direct investment (ODI) totalling $56.5 billion, a media report ... Read more...

Posted in Business |

Orissa to move apex court over POSCO project


August 21st, 2010 - 12:27 pm ICT by IANS
Bhubaneswar, Aug 21 (IANS) Orissa will move the Supreme Court against a high court order disapproving its grant of permission to South Korean steel major POSCO to prospect for iron ore in ... Read more...

Posted in Business |

Malay Indian conman rips off 40 firms


July 16th, 2010 - 1:30 pm ICT by ANI
Kuala Lumpur, July 16 (ANI): A Malay Indian man, claiming to have connections with high-profile figures in India, has allegedly conned over 40 local companies with offers of contracts for large-scale government ... Read more...

Posted in World |

South African artist’s customised WC hat has become a craze


June 2nd, 2010 - 3:11 pm ICT by ANI
London, Jun 2 (ANI): Alfred Baloyi has created the Makarapa, a customised hard hat, which is famous on the football stands in South Africa and giving the official World Cup merchandisers a ... Read more...

Posted in Sports |

Pharma majors locked in legal battle over trademark


March 21st, 2010 - 5:18 pm ICT by IANS
Ahmedabad, March 21 (IANS) A legal battle is afoot among the pharma majors and local companies of Gujarat over ownership of a trademark. The issue came to the fore when multinationals Pfizer and ... Read more...

Posted in World |

Indian publishing firm wins textbook contract in Ethiopia


March 21st, 2010 - 11:56 am ICT by IANS
By Groum Abate Addis Ababa, March 21 (IANS) Ethiopia's ministry of education has awarded Indian media house Laxmi Publications a contract to print and distribute textbooks and teacher training guides.The ministry had issued ... Read more...

Posted in Business |

Harmful Bacteria Found In Hand Sanitizer


March 7th, 2010 - 8:44 pm ICT by GD
By Meena Kar San Juan, Puerto Rico, March 7, (THAINDIAN NEWS) A recent inspection conducted by the U.S. Food and Drug Administration at a hand sanitizer producing factory of Puerto Rico Beverage Inc. ... Read more...

Posted in Health |

Malay Indian party wants clemency program for missing foreigners


January 18th, 2010 - 2:54 pm ICT by ANI
Kuala Lumpur, Jan 18 (ANI): The youth wing of the Malaysian Indian Congress has asked the government to come out with a clemency programme to register the names of missing foreigners working ... Read more...

Posted in World |

Kashmir planning 310 power projects


December 1st, 2009 - 4:47 pm ICT by IANS
Jammu, Dec 1 (IANS) Jammu and Kashmir is planning to set up 310 hydro-electric projects in the state to meet its power needs ove the next 20 years, a government official said ... Read more...

Posted in Business |

Indian firm’s court action to be opposed in South Africa


June 30th, 2009 - 6:53 pm ICT by IANS
By Fakir Hassen Johannesburg, June 30 (IANS) The South African Treasury has indicated that it will oppose a court application by Indian pharmaceutical company Aurobindo, which is disputing the awarding of a $400 ... Read more...

Posted in Business |

Indian firm sues South Africa after losing AIDS drug contract


June 29th, 2009 - 3:18 pm ICT by IANS
Johannesburg, June 29 (DPA) An Indian manufacturer of drugs to treat HIV/AIDS is suing the South African government after failing to clinch a $400-million tender, South African media reported Monday. Aurobindo, one of ... Read more...

Posted in Business |

Domestic BPO companies in Rajasthan unaffected by recession


April 18th, 2009 - 8:23 pm ICT by ANI
Jaipur, Apr 18 (ANI): In Rajasthan, the Business Process Outsourcing (BPO) companies dealing in domestic market have not been affected by the economic slowdown so far.Most of the domestic BPO companies here ... Read more...

Posted in National |

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