Category Archives: Business

Business and Financial News from around the world. Stock Markets, Equity, Deals & Investment.

Alankit Group to provide services to New Pension System subscribers

Alankit Assignments Limited (Alankit) has announced a new activity of Point of Presence (POP) to provide services to the subscribers of New Pension System (NPS) launched by Pension Fund Regulatory Development Authority (PFRDA).

The New Pension System reflects the government’s effort to find sustainable solutions to the problem of providing adequate retirement income.

The NPS, [...]

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Mallya, Warne unveil Kumble’s memoir of ‘off-the-field’cricket photography

ngalore, Mar.18 (ANI-Business Wire India): As Sachin Tendulkar relates in his Foreword, Kumble, the man with the camera, would tell his teammates, “As long as I am in the team, you will have no privacy.”

Royal Challengers Bangalore proudly presents Anil Kumble’s Wide Angle that brings together the great player’s [...]

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Reliance Industries says future Pak Finance Minister not its ‘money manager’

The Mukesh Ambani-led Reliance Industries on Thursday rejected a report appearing in Pakistan’s Daily Times newspaper that suggested that former PML-Q leader and one-time Musharraf loyalist Makhdoom Faisal Saleh Hayat, who is slated to become that country’s next finance minister, was its money [...]

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U.S. trade deal set to boost Indian manufacturing and services

Union Minister of State for Commerce and Industry Jyotiraditya Scindia today said that a trade deal signed between India and the United States is set to boost investment in the countries’ key sectors.

Following the conclusion of the two-day National [...]

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IGL -PWD sign gas supply agreement for Tyagaraj Stadium

The Indraprastha Gas Limited (IGL) on Wednesday signed an agreement with Delhi Government’s Public Works Department to supply gas for Thyagaraj Stadium gas turbines during the Commonwealth Games.

Thyagaraj Stadium is an eco-friendly green building being built for the Commonwealth Games 2010.

Delhi PWD Minister [...]

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Centre not to prevent public sector banks from entering non-banking sector

The Centre on Wednesday said it has no intention to prevent public sector banks from entering into non-core businesses like insurance and mutual funds.

Interacting with media, Financial Services Secretary R Gopalan said: “There is no issue at all. We have never asked and there is no thinking in [...]

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TCS to recruit over 30,000 professionals

Tata Consultancy Services (TCS) on Wednesday said it might recruit over 30,000 professionals.

Interacting with media on the sidelines of CII-IFRS Summit here, TCS Chief Financial Officer and Executive Director S Mahalingam predicted a marked improvement in the performance of the [...]

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Mineral production from mining increases by 6.40 percent

Union Mines Ministry on Wednesday day said that the mineral production from mining and quarrying sector in December 2009 was higher by 6.40 percent compared to that of the preceding month.

However, the mineral sector has shown a positive growth of 8.51 percent during the current financial year [...]

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Shah Rukh Khan inaugurates FICCI Frames in Mumbai

Bollywood superstar Shah Rukh Khan inaugurated the FICCI Frames – a three-day mega media and entertainment industry event – in Mumbai on Tuesday.

Apart from Shah Rukh, Maharashtra Chief Minister Ashok Chavan, Bollywood actress Katrina Kaif, renowned directors [...]

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IndiaMART.com supports largest citizen-driven initiative to clean Yamuna

w Delhi, Mar 16 (ANI/Business Wire India): First time association with a public initiative of such large scale. Associating with “Meri Dilli Meri Yamuna” (MDMY), is among the biggest CSR initiatives by IndiaMART.com, for [...]

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Eagle conferencing offers subscribers free conferencing to U.K

ndon/ Bangalore, March 16 (ANI/Business Wire India): Eagle Conferencing in a significant move has introduced a new offer to subscribers providing free conference calls between India and the U.K.

This groundbreaking and aggressive pricing design allows organizations registered with Eagle Conferencing [...]

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Google almost cent percent sure to exit from China

Seemingly torn between Chinese censorship and Chinese opportunity, international search engine Google is now “99.9 percent” certain that it will shut down its Chinese search engine, Google.cn.

According to the Financial Times, the search engine giant, having reached an apparent [...]

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Indian IT companies eye Latin American, African markets for business expansion

While the companies across the world are taking their time to overcome the impact of recession, Indian Information technology companies are exploring new and non-commercial markets in Latin America, Africa and Middle Eastern countries to expand their business.

Over 100 [...]

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Bangalore International Automotive Expo 2010 a major draw

The second edition of the Bangalore International Automotive Expo (BIAE) 2010, which commenced here this week, is proving to be major draw for thousands of automobile lovers here.

The five-day Auto Expo will exhibit some exotic brands of cars [...]

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Maharashtra still favoured industrial destination, claims Ashok Chavan

Maharashtra Chief Minster Ashok Chavan claimed on Saturday that the State is still a favoured destination of industries.

Addressing the function after inaugurating the Mahindra and Mahindra’s Rs 5000 crore auto manufacturing plant at Chakan, [...]

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Pakistani women entrepreneurs advocate more bilateral trade with India

Visiting women entrepreneurs from Pakistan on Friday called for strengthening of trade and commerce with India.

This was expressed by the delegation after they met the members of the Federation of Indian Chambers of Commerce and Industry’s Ladies Organisation (FLO) in the national capital.

The delegation [...]

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India’s power production falls short by 2.7 percent

The Union Government on Friday said that electricity generation in the country is running 2.7 percent short of the set target of 720.88 Billion Units in the current fiscal.

Replying to a question in the Lok Sabha, Union Minister of State for Power, Bharatsinh Solanki, said: “The [...]

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Google denies ‘exit China’ rumor

Search engine Google on Thursday denied it was planning to shut down its business in China by the end of the month.

Google’s spokeswoman Marsha Wang told China Daily on Thursday that the company had not ordered its domestic advertising agents to stop doing business.

“That’s not possible. Our China operations are still at normal,” [...]

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Be more productive, stop forgetting things and organize your life

andigarh, March 12 (ANI/Business Wire India): In today’s dynamic world, forgetting is something, we all do. It is bad enough when it is someone’s birthday, but when it is a business or monetary issue it can be costly. By keeping in mind the information overload and today’s life style, Yaad the recall services has introduced [...]

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Himalaya International Ltd. enters nutraceuticals and dietary supplements market

The Himalaya International Limited, India’s first frozen food company, has entered the rapidly expanding nutraceuticals and dietary supplements market with the launch of its product under the brand name-’1 Daily’.

Speaking during the brand launching ceremony here, Chairman of the Himalaya International Limited, Manmohan Malik said that his company has tied up with the [...]

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Google says it is prepared to leave China if censoring continues

Search engine Google has said that it is not prepared for further censorship at the hand of the Chinese Government, and is ready to leave the country if pushed further.

“We are no longer willing to censor our search results in China, and we are currently reviewing our options,” the [...]

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Forbes says Gates no longer the world’s richest

Mexican tycoon Carlos Slim is the world’s richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world’s billionaires grew by 50 per cent over the last year.

Forbes magazine reports it’s only the second time since 1995 that Gates [...]

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Richest Indian Mukesh Ambani amongst Forbes top ten Billionaires

Reliance Industries chairman Mukesh Ambani has become the richest man in the Asia-Pacific region and the fourth in world rankings as per the 2010 Forbes list of world’s billionaires released on Wednesday.

The number of tycoons from the Asia-Pacific region with a ten-figure net worth has [...]

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Centre brings new policy to increase exports

The Central Government has revised its foreign trade policy to increase exports in labour intensive engineering goods.

Replying to a question in the Rajya Sabha, Union Minister of State for Commerce and Industry Jyotiraditya Scindia, said the Centre has announced incentives [...]

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Sanvei overseas bags Tamil Nadu commercial taxes department contract

w Delhi, Mar 10 (ANI/Business Wire India): Sanvei Overseas, a system integrator in the field of information technology and surveillance has bagged the demo contract for setting up surveillance at the different chungi check posts for Commercial Taxes Department, Tamil Nadu.

The state government aims to check pilferage and record the entry of all the [...]

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Apple reports 30-45 percent growth in fiscal 2010 first quarter

Software giant Apple Inc. has over the years, overcome nearly every obstacle thrown its way, and this is reflected in the 15.68 billion dollars revenue it earned and a net quarterly profit of 3.38 billion dollars, or 3.67 dollars per diluted share in financial results for fiscal 2010 – the first quarter – that [...]

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Ford India launches much-awaited ‘Figo’ in New Delhi

Ford India launched its much-awaited compact car ‘Figo’ at Taj Hotel here on Tuesday.

The car was launched in both diesel and petrol versions.

Priced at Rs 3,49,000, the diesel version has a 1.4-litre engine, while the petrol version (4 lakh 42 thousand rupees) has a 1.2-litre engine.

The car [...]

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Toyota owners remain loyal despite recalls: Study

Despite the 8 million Toyota vehicles recalled since October 2009, its customers are still maintaining high overall satisfaction, a report claims.

Rice University’s Jones Graduate School of Business conducted a survey-based study of a national sample of U.S. vehicle owners.

It was learnt that the level of overall satisfaction with [...]

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Under administration Reader’s Digest UK finds 100 potential buyers

The British edition of under administration Reader’s Digest has found nearly 100 potential buyers, with around 30 percent of them being interested in acquiring the whole business, administrators Moore Stephens has said.

The accounting firm, which was appointed after the 72-year-old Reader’s Digest UK collapsed last month, revealed that a deadline of the middle of [...]

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PlaySpan to provide monetization platform for adobe(r) AIR(r) developers

mbai, Mar 5 (ANI/Business Wire India): PlaySpan announced today that Adobe has selected PlaySpan to power the payments platform for an Adobe(r) Flash(r) Platform service, codenamed Shibuya that was first announced at Adobe MAX 2009 and is now in private Beta.

Shibuya enables Adobe developers to monetize their Adobe(r) AIR(r) applications through a try-and-buy mechanism, [...]

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