5000 employees of Satyam Computers may be in danger of losing their jobs. The company has excess staff of around 10,000. Half of them could make the exit. This is indeed bad news for the employees of the company, who are already going through thoughts of uncertainties for the past several ...

Venki Prathivadi has been appointed as Satyam Computers’ Country Manager for its Australia and New Zealand Operations. The company has also appointed Vijay Prasad as Principal Adviser for Australia and New Zealand.

Satyam was recently acquired by IT major tech Mahindra. Venki Prathivadi ...

Bharti Group on Tuesday (May 26) unveiled a wide rage of food and beverage products in association with Singapore-based Del Monte Pacific. The products launched in Indian market include fruit drinks, packaged fruits, ketchup and sauces. In addition to these, there are several Italian products. ...

Leading FMCG company, Dabur India has entered into fruit-flavoured beverages segment by introducing a new fruit beverage called Real Burrst. The new fruit beverage comes in four flavour such as mixed fruit, crispy apple, orange and mango. Dabur launched the new drink under its 'Real' brand, which ...

Delhi-based Amtek Auto Group is likely to acquire Raghu Hari Dalmia's OCL Iron and Steel Ltd (OISL). According to close sources, Amtek will pay Rs 350 crore to buy OISL. Talking to media an official of Amtek Auto informed that the company has been in search of a prospective a steel company having ...

Five Indian companies including Tata Group's Indian Hotels, Godrej Industries and Yes Bank figure in the list of the world's 25 'unsung' innovative companies. The list was published by BusinessWeek magazine. According to the magazine, 'the world's 25 unsung innovative companies' include firms which ...

Aditya Birla Nuvo Ltd — a diversified conglomerate — declared that it has finally acquired 76 percent stake in Apollo Sindhoori Capital Investment — the retail broking firm of the Apollo Hospitals Group, on 9 March 2009. The company bought 56 percent from the promoters and another ...

Dalip Sehgal has been appointed as the new managing director of Godrej Consumer Products Ltd on Friday (February 6). In a statement to the media, the company said that Sehgal will replace existing chairman and managing director Adi Godrej. The company further informed that Adi Godrej will be ...

Jamshedpur Utilities & Services Company Ltd (Jusco) has bagged the 'TPM Excellence Award - 2008'. The TPM Excellence award is instituted by the Japan Institute of Plant Maintenance (JIPM).
 
With this award in its kitty, Jusco has become the only company in the world in the utility ...

Intel Corporation's global investment arm Intel Capital has made an investment of $23 million in three Indian companies. The million-dollar investment will be procured by telecom value added service provider One97 Communications, online business-to-business (B2B) marketplace IndiaMART.com and ...

Sun Pharmaceutical Industries Ltd of India has received U S. Food and Drug Administration sanction to market the generic version of a controlled substance in tablet form. The FDA approved the pharmaceutical company to sell generic hydrocodone bitartate with acetaminophen in multiple strengths. ...

MTAR Technologies, the Hyderabad-based giant, is all set to invest Rs 200 crore in India's first aerospace and precision engineering SEZ, to be situated near Hyderabad. The investment is aimed at setting up a manufacturing facility in the SEZ, for which an area of around 280 acres has already been ...

Shareholders of the British-based Axon Group plc on Monday (November 24) approved the acquisition of their SAP consulting firm by India’s fifth largest IT bellwether HCL Technologies Ltd.
Announcing the acquisition, HCL chief executive Vineet Nayar told reporters that Axon investors by ...

Though the central government claimed that India has survived the global financial crisis, a senior bureaucrat in the Ministry of Commerce has come out with a startling figure, which suggests that the Indian textile industry will lose half a million jobs by April 2009 due to the global ...

The Tata Group's Holding Company, Tata Sons has registered a 13 per cent increase in profit after tax (PAT) at Rs 3,780 Crore during the financial year ended March 2008. The increase in profit of Tata Sons accrues from the dividend income from group firms. Given the present status, this 91 ...

The TimesofMoney's flagship brand Remit2India, which is a market leader in online remittance solutions, has bagged the much sought-after Brand Leadership Award in Banking & Finance Category at the Asia Brand Congress 2008. The event was held at the Taj Lands End in Mumbai. Mr Avijit Nanda, ...

The setting up of 18 industrial projects worth Rs 31 billion has received green signal from the Himachal Pradesh government. This decision was taken in a state level meeting on window clearance and monitoring authority on September 26, 2008. The chairman of the meeting was the chief minister of ...

There is a strong buzz that the Tata Motors is packing up its Nano project to shift out of Singur soon. This decision was made by the Tata management, which reportedly has also appraised the West Bengal about it. The Tata Motors Company will probably make an announcement the coming week on this ...

Punj Lloyd on September 23, 2008 revealed that it has bagged a $800 million (Rs 3,636 crore) contract from Qatar Petroleum. According to the leading engineering firm Punj Lloyd, the newly planned construction project includes engineering, installation and commissioning order for laying of 211 km ...

Videocon Industries and BPCL consortium has won an oil exploration contract in Brazil worth $283 million. The amount includes $118 million reimbursement to the Canadian firms’ expenses. Rest of the amount will be paid to the owner of acquisitioned firm. The consortium of Videocon and Bharat ...

The Alliance Group of Chennai, which owns the Real Estate Television, has decided to spend Rs one billion on it over the ensuring two years. The Real Estate TV is India's first 24x7 English channel dedicated to the reality sector. It got launched in July this year.  
 
The CEO of the ...

India's major IT firm HCL is looking for acquisitions of $1-2 billion companies and it is firm that it would be able to do so before 2011. Vineet Nayar, CEO HCL said that HCL has been perpetually looking at sub-$100 million acquisitions that would give it niche capabilities, and also accession to ...

An official from the Kolkata-based Jai Balaji Industries informed on September 18, 2008 that the firm is planning to set up a steel, cement and power plant at Purulia. The official added that the company will start working on this project this November provided the state government gives them the ...

The Mumbai-based Lupin Limited, a Rs 6000 Crore pharmaceutical company, is planning to grow its drug portfolio in the country. Lupin said it is eyeing the lucrative and growing eye and skincare segment. It recently also declared that it is acquiring the Pharma Dynamics (PD) of South Africa, which ...

In order to strengthen the brand position and enhance popularity, leading packaged tea-maker Duncan Tea Ltd has decided to re-launch its premium leaf tea brand, Double Diamond. This announcement was made by the company officials on September 17, 2008. They said that company will invest 10 per cent ...

Adding another project in to its list TCS (Tata Consultancy Services) has bagged a five-year deal with Ericsson in Sweden to supply application maintenance and development services. In pursuance of the deal, TCS along with one more partner will deliver application maintenance services to Ericsson. ...

Indian IT major Satyam has signed an agreement with Oman's Khimji Ramdas to offer skills in standardizing and automating business processes across its various divisions. The mega deal will help Khimji to prioritize its huge range of activities spanning through trading, distribution, retailing, ...

GSPC (Gujarat State Petroleum Corporation) is mulling a plan to come up wit its IPO (Initial Public Offering) for 10-20 per cent of its equity shares by the end of the year to raise about $1 billion. An official from the company said that there has already been order for the moderators. And, DSP ...

Welspun India, home furnishings and textiles manufacturer, announced on Tuesday, September 16, 2008 that it will be spinning off two of its wings - distribution and marketing and investment - into independent companies on cost basis. Welspun India is a part of the $3-billion diversified Welspun ...

The Corporation Bank of Mangalore, in collaboration with JP Morgan and Visa, has recently introduced its prepaid travel card. The CorpBank prepaid travel card can be availed in three foreign currencies - US dollar, British pound and Euro. The tie-up with JP Morgan will prove handy to the bank as it ...