strategic investments

High tariffs will harm India-US business ties: US commerce secretary


March 26th, 2012 - 5:29 pm ICT by IANS
New Delhi, March 26 (IANS) Urging India to cut duties on imports of American manufactured products, US Commerce Secretary John Bryson Monday said such high tariffs would cause "significant harm" ... Read more...

Posted in Business |

Dean McCumiskey is BAE’s new India head


January 23rd, 2012 - 5:32 pm ICT by IANS
New Delhi, Jan 23 (IANS) British aerospace major BAE Systems has named Dean McCumiskey as its new managing director and chief executive of India operations with effect from March 2012.Dean ... Read more...

Posted in Business |

Sonata Software forms joint venture in Qatar


December 21st, 2011 - 10:07 pm ICT by IANS
Bangalore, Dec 21 (IANS) Leading technology solutions firm Sonata Software Ltd. has formed a joint venture with Mohammad Nasser Abdullah Al Misnad to provide enterprise services in the Arab state, ... Read more...

Posted in Business |

Infotel Broadband acquires stake in e-learning firm


November 8th, 2011 - 10:01 pm ICT by IANS
New Delhi, Nov 8 (IANS) As it nears the launch of its broadband wireless access services in the country, Infotel Broadband, a subsidiary of Reliance Industries, Tuesday said that it ... Read more...

Posted in Uncategorized |

Kuwait Airways lost $275 mn in 2010


June 21st, 2011 - 11:00 am ICT by IANS
Kuwait City, June 21 (IANS) Kuwait's national carrier Kuwait Airways incurred a loss of 76 million dinars (around $275 million) in 2010, the official KUNA news agency reported.Kuwait Airways attributed ... Read more...

Posted in Business |

Wipro ranked as leader among testing services providers


September 22nd, 2010 - 2:05 pm ICT by ANI
Bangalore, Sept.22 (ANI-Business Wire India): Wipro Technologies, the global IT services business of Wipro Limited, announced that it has been cited by IDC Research Inc., an independent research firm, as a leader ... Read more...

Posted in Business |

Governor Crist applauds passing of Florida Jobs Bill


May 1st, 2010 - 3:26 pm ICT by BNO News
TALLAHASSE, FLORIDA (BNO NEWS) – Governor Charlie Crist on Friday applauded the passing of Senate Bill 1752, which is better known as Florida’s Jobs Bill.Florida’s Jobs Bill provides strategic investments in a ... Read more...

Posted in Politics |

German energy firm to invest $133 mn in Indian power plants


April 26th, 2010 - 7:31 pm ICT by IANS
New Delhi, April 26 (IANS) Evonik Energy Services, the Indian arm of German power generation major Evonik Industries, Monday said it plans to pick up equity worth about $133 million (Euro 100 ... Read more...

Posted in Business |

Venture fund Sequoia invests Rs.50 crore in Stovekraft


March 31st, 2010 - 9:28 pm ICT by IANS
Bangalore, March 31 (IANS) US-based venture fund Sequoia Capital said Wednesday it has invested Rs.50 crore in Stovekraft, a leading manufacturer of kitchen appliances, to fund its growth plan. "Stovekraft has consistently outperformed ... Read more...

Posted in Business |

Consulting firm will move world headquarters to Chester County, PA


March 11th, 2010 - 4:18 pm ICT by BNO News
HARRISBURG, PENNSYLVANIA (BNO NEWS) – LECG, a global expert services and consulting firm, will relocate its world headquarters to Chester County, Pennsylvania, Governor Edward Rendell announced on Wednesday.“After careful consideration, we made ... Read more...

Posted in World News |

John Flannery appointed GE India chief


October 29th, 2009 - 8:58 pm ICT by IANS
New Delhi, Oct 29 (IANS) General Electric (GE) Thursday announced the appointment of John Flannery as president and chief executive of its business operations in India. Flannery, 47, will oversee GE's new approach ... Read more...

Posted in Business |

Wipro floats consulting academy in US


August 13th, 2009 - 11:08 pm ICT by IANS
Bangalore, Aug 13 (IANS) Global software major Wipro Technologies Thursday said it has set up a consulting academy in the US to strengthen the customer management skills of its frontline employees. "The enterprise ... Read more...

Posted in Business |

FDA Approves New Influenza Vaccine Production Facility


May 7th, 2009 - 4:28 pm ICT by admin
The U.S. Food and Drug Administration (FDA) today announced that it has approved a new manufacturing facility used to produce influenza virus vaccines. The facility is approved for seasonal influenza vaccine ... Read more...

Posted in Health |

Courier giant UPS profits shrink by half


April 24th, 2009 - 9:20 am ICT by IANS
New York, April 24 (IANS) The global recession has taken its toll on the United Parcel Service (UPS), with the world delivery leader reporting a 55 percent plunge in profits Thursday. In a ... Read more...

Posted in World |

Date for receiving telecom industry’s views on lock-in period extended


January 21st, 2009 - 4:14 pm ICT by IANS
New Delhi, Jan 21 (IANS) The telecom regulator Wednesday extended the last date for receiving the industry's views on the proposed lock-in period on equity sale in new licence holding companies to ... Read more...

Posted in Business |

Chanel focuses on opening a boutique


December 20th, 2008 - 1:05 pm ICT by Amrit Rashmisrisethi
Chanel is going to halt a mobile art exhibition featuring its iconic quilted handbag and chain in order to refocus on more strategic investments in these troubled times said yesterdayRecently, the handbag ... Read more...

Posted in Business, Life Style |

Tata Consultancy opens fourth delivery centre in China


November 18th, 2008 - 5:27 pm ICT by IANS
Mumbai, Nov 18 (IANS) India's largest IT services provider Tata Consultancy Services (TCS) Tuesday announced the inauguration of its fourth global delivery centre in China.The facility at Tianjin will have capacity of ... Read more...

Posted in Business |

Sical starts private container train service


August 11th, 2008 - 9:16 pm ICT by IANS
Chennai, Aug 11 (IANS) Sical Multimodal and Rail Transport Ltd has started its container train service between Melpakkam rail terminal in Tamil Nadu and a private rail siding at Patli near Gurgaon ... Read more...

Posted in Business |

India follows China in grab for Australia’s minerals


May 22nd, 2008 - 9:35 am ICT by admin
DPA Sydney, May 22 (DPA) India has followed China in making strategic investments in Australian companies to secure long-term supplies of the minerals its factories need. The move on Macarthur Coal by giant ... Read more...

Posted in World |

World’s largest reinsurance company launched


May 10th, 2008 - 4:59 pm ICT by admin
Muscat, May 10 (IANS) Dubai Group, the diversified financial services arm of Dubai Holding, the Dubai government's investment company, has announced the launch of the world's largest reinsurance company in collaboration with ... Read more...

Posted in World |

Giorgio Armani proposal among 20 cleared by India


April 8th, 2008 - 7:59 pm ICT by admin
New Delhi, April 8 (IANS) A proposal from designer house Giorgio Armani to start a chain of retail stores in India was among the 20 applications on foreign direct investment approved by ... Read more...

Posted in Business |

Satyam is SAP’s ’strategic partner’ in Middle East


March 27th, 2008 - 4:47 pm ICT by admin
Dubai, March 27 (IANS) Leading Indian IT company Satyam has announced that it has been named the first 'strategic services' partner for European software enterprise SAP in the Middle East and North ... Read more...

Posted in World |

Abu Dhabi’s IPIC acquires 20 percent stake in Japanese refinery


November 14th, 2007 - 2:10 am ICT by admin
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Posted in Business |

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