Tata Tea, an Indian tea major, has announced that the company will be focusing more on the expansion of its global distribution strategy in the Middle East, South America, South Africa and the Commonwealth of Independent States including Russia,
 
According to P. D. Unsworth, the Chief ...

Shriram EPC, engineering, procurement and construction firm, has joined hands with a US-based firm for manufacturing material handling equipments. Shriram EPC is a Chennai-based firm.
 
According to the managing director of Shriram, T. Sivaramana, who was addressing the media during the ...

Pantaloon Retail, a Future Group subsidiary, has reported a dip of 20% in sales, at its Pune and Mumbai stores. The major reason behind the decline in sales is the swine flu which has affected these regions very badly. One of the Pune outlets has been shut down.
 
"Sales in Mumbai are ...

Berger Paints India has plans to set up a green-field plant in south India.
 
"We will set up a water-based paints plant in south India on an investment of Rs.100 crore. It will have a production capacity of 100,000 tonnes per annum," said Kuldip Singh Dhingra during Berger’s ...

The new Companies Bill has been introduced in the Lok Sabha on Monday with strict clauses against corporate frauds against the backdrop of the Satyam Computer Services scam.
 
The bill was introduced by Corporate Affairs Minister, Salman Khurshid, The major aim of this bill lies on ...

The plans for setting up Nalanda ordnance factory munitions manufacturing unit in Bihar has been delayed due to the corruption case involving an Israeli firm and Nalanda’s former head.
 
India's 40th weaponry factory at Rajgir in Bihar was supposed to be set up jointly with Israel ...

TVS Motors, a two-wheeler major, has reported a surge of 158% in its net profit to Rs.18.12 crore in the 2009-2010 Q1 as compared to Rs.7.02 crore in the like period last year.
 
The Q1 revenues of the company has witnessed a growth of 7% to touch Rs.988.7 crore as against Rs.924.45 crore ...

Indian Oil Corp has reported its net profit for the quarter ended June 30 has surged 780% as lower crude oil prices narrowed its revenue losses.
 
The company reported a net profit of Rs.3,680 crore for the quarter compared to Rs.410 crore in the like period the year before.
 
The ...

The world's largest tea producer, McLeod Russel India is eyeing plantations in Africa.
 
"Logically, I would love to go to Africa because it is god's country for tea. The first focus will be Kenya. Once we go there, we will start looking for opportunities," said company managing ...

The annual general meeting (AGM) of Birla Corporation that was scheduled to be held in Kolkata on Monday has been adjourned to Aug 24, a company release stated.
 
"The annual general meeting of Birla Corporation Limited, held today, the 27th July 2009, in Kolkata, was adjourned without ...

Ranbaxy, a pharmaceutical major and FMCG manufacturer Proctor and Gamble (P&G) are among nine companies that have been allowed to set up units in Himachal Pradesh.
 
"Ranbaxy and Procter and Gamble (P&G) Monday got permission from the state government to set up units in the ...

The annual general meeting of the Birla Corp that happened in Kolkata on Monday saw high drama over who would chair the event in the backdrop of multiple legal petitions including one in the Supreme Court.
 
The Company Law Board (CLB) had recently barred Harsh Vardhan Lodha, son of the late ...

Harsh Vardhan Lodha was denied relief by Supreme Court on the petition he had submitted seeking a stay on the interim order of the Company Law Board which had barred him from being the chairperson for the Annual general Meeting of Birla Corp.
 
The AGM was scheduled to happen today. The ...

Dreamy-eyed Indian entrepreneurs hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding. It does not happen in India, not often anyway, investors and experts in the industry maintain.
 
Venture capitalists in India only prefer ...

ABG Shipyard Ltd, a Mumbai-based ship manufacturing major, has been allotted three hydroelectric projects in Himachal Pradesh after global bidding. "The government has allotted three out of five major hydropower projects to ABG Shipyard Ltd of Mumbai. The bids for the projects were invited ...

Signalling a recovery for Indian industry, the output of six core infrastructure sectors expanded 6.5% in June against 2.8% in the previous month.
 
The six core infrastructures industries, comprising crude oil, refined petroleum fuels, coal, electricity, cement and finished steel, with a ...

Radico Khaitan, a liquor manufacturer, on Tuesday reported a 56% jump in its net profit for the quarter ended June 30. The company has plans to launch two brands in the brown spirits category.
 
"We are looking to launch a whisky and a brandy brand, and both will be in the premium ...

The government on Friday cleared 16 foreign direct investment (FDI) proposals valued at Rs.891.71 crore, the bulk of them for by a power project.
 
The proposals were cleared on the recommendations of the Foreign Investment Promotion Board (FIPB), which met here July 10, a finance ministry ...

The confectionary major, Godrej Hershey Limited, with a turnover of Rs.400 crore, is looking to increase its revenue in the sugar candies segment by using a mixed strategy.
 
While the company has launched lollipop at half the price of the competition - Re.1 - it plans to do the opposite in ...

ICI India, the paint manufacturer, has plans to set up a new plant in south India, a top company official said in Kolkata on Thursday.
 
"We are looking at places in south India, in Karnataka and Andhra Pradesh," ICI managing director Amit Jain told reporters on the sidelines of ...

In a signal that India's retail trade sector may not be opened any further, the government on Wednesday said the interests of small traders will be protected as the industry is the second largest employer after agriculture.
 
"The government is fully committed to securing the legitimate ...

 SIP Academy India, a leading skills development company, on Tuesday said it has acquired a 40% stake in the recently launched SIP USA, which started operations in Salt Lake City, Utah.
 
SIP (Sociable Intellectual Progressive) Academy, has trained over 110,000 children through its 456 ...

The Gurgaon-based business process outsourcing (BPO) provider, Aegis Ltd., which is a part of the Essar group, has announced the 100% acquisition of South African contact centre outsourcer CCN group.
The acquisition, which was announced on Thursday, is expected to boost South Africa's economy ...

Jay Shree Tea and Industries, a BK Birla Group company, is planning to acquire gardens in African countries like Kenya and Uganda.

BK Birla, chairman of Jay Shree Tea, said that the company was unable to find suitable gardens in India. Hence, it was looking at African countries. If the ...

Global recession and slowdown in the domestic market impacted the Indian biotech industry last fiscal, resulting in a year-on-year (YoY) growth declining to 18 percent from 34 percent notched in 2007-08.

According to data released Thursday at Bangalore Bio 2009, India's premier biotech event, ...

Future Generali India Life Insurance, co-promoted by the Kishore Biyani-led Future Group that owns the Pantaloons apparel brand, plans to launch 10-12 new products this fiscal, some of which will be specially designed for women.

"Broadly the products will be designed as bundled products or ...

IBM has bagged two IT services deals in the direct-to-home (DTH) segment from Sun Direct and Tata Sky. The company would offer CRM implementation and services to Sun Direct, while providing storage solutions to Tata Sky. Sun Direct is promoted by Sun Network. Tata Sky is a joint venture between ...

BPOs in India are eyeing the domestic market, owing to recession in the US and Europe. The domestic BPO is estimated to be worth $1.8 billion. It is expected to reach $6 billion by 2012.

Venkat Kumar, Head of Operations in Reliance, said at the Nasscom BPO Strategy Summit 2009 in Bangalore, that ...

Indian employers are the most optimistic globally, when it comes to hiring plans. This is according to a survey conducted by global staffing firm, Manpower. The country has 19% net employment outlook for the next three months, despite the economic slowdown. The net employment outlook is a measure ...

A Noida-based software application developer firm, RMSI, is India’s best workplace, according to a study. The study is for the year 2009. The study was jointly conducted by The Economic Times and The Great Places to Work Institute India. Intel, Federal Express, Aviva, Google, Qualcomm, ...