The Nasdaq-listed Intel Corporation’s venture capital unit, Intel Capital on Thursday, July 25 declared that it is going to invest $17 million in three Indian firms and added that it is confident about its investment prospects in the country. The three Indian firms which the Intel Capital has ...

Titan Watches has decided to add hundred more outlets in its exiting 245 outlets in all across the India. Talking with media persons R Krishnan, retail head, Titan Watches, said that the company has 245 exclusive Titan outlets in the country and is planning to open 100 more this financial year to ...

While the Bisleri and Tatas are busy tussling over the infringement of the ‘Himalayan’ trademark, the United Breweries group headed by Vijay Mallya has marched ahead into the domain to launch its Kingfisher Himalaya Natural Mineral Water. The UB Group has reportedly registered this name ...

According to the market sources, the German company FEV would supply the diesel engine for Tata Nano car. FEV is headquartered in Aachen, Germany and is already working with Mahindra & Mahindra on their diesel hybrid engine for Scorpio.
 
Tata has announced to launch the new model of ...

A two per cent stake in the SMC Group companies, SMC Global Securities Ltd & SAM Global Securities Ltd, has been purchased by the Bennett Coleman & Company Limited (BCCL). Brokerage, merchant banking, arbitrage and wealth management are some of the service provided by the SMC Group. The SMC ...

Aiming to up brewing capacity by around 20 per cent, the UB Group of Dr Vijay Mallaya will spend Rs 1,000 Crore in a three-year span and this also includes the creation of two Greenfield breweries. Ravi Nedungadi, the Chief Financial Officer of the UB Group, informed that the company’s ...

Reliance Money, a subsidiary of Anil Dhirubhai Ambani group’s Reliance Capital Ltd, launched its wealth management services for the Indian millionaire. The retail broker asserted that it expects 15 percent of its revenue from the new business n the next three years. Sudip Bandyopadhyaya, ...

Insurance joint venture between HSBC and two state run banks, Canara Bank and Oriental Bank of Commerce was capitalized at 3.25 billion rupees on Monday, June 16, 2008. The insurance scheme will be accessible to over 40 million customers according to company officials. The Canara HSBC Life ...

Genpact, a global business process outsourcing (BPO) firm in collaboration with NIIT, a key information technology (IT) education company, launched on Wednesday June 12, 2008 the NIIT Institute of Process Excellence Ltd. The idea behind launching the NIIT Institute of Process Excellence Ltd is ...

Spice Telecom has launched a new mobile phone, the ‘People Phone’ that comes with lifetime prepaid connection at Rs 599 only. Navin Kaul, CEO of Spice revealed that the new phone will be sold only in Karnataka and Punjab over the next two months. Mr. Kaul further added that the new ...

Aksh Optifibre, Cable and optical fibre manufacturer has collaborated with state-run Bharat Sanchar Nigam Limited (BSNL) for delivery of Interactive Personalized Television (IPTV) on its broadband network in the north Indian market. It was revealed that the project would be funded through resources ...

Sterlite Industries, a part of the Vedanta Group signed an agreement regarding the acquisition of copper mining company Asarco for $ 2.6 billion. The transaction which according to sources has been funded by intra-group accruals and borrowings is still under US Bankruptcy Court’s approval. ...

Environmentalist groups including the Greenpeace have accused the Tata group of causing harm to rare sea turtles off India’s east coast. According to the environmental groups, the Tata began construction of a new port at Dhamra in Orissa, without obtaining proper environmental clearances and ...

Ashok Leyland and Japan’s Nissan motor company on Monday, May 26, 2008 three joint ventures to develop, manufacture and sell light commercial vehicles (LCV) and power trains. The Hinduja group flagship Ashok Leyland and Nissan formalized their agreement in a joint investment of about $575 ...

Reliance Globalcom, the arm of Reliance Communications (RCom), is all geared up to buy out the United Kingdom-based virtual network provider Vanco, say sources. Once this transaction is over and done with, it will result in strengthening RCom unit’s portfolio of data communication offerings. ...

After a meeting between Orissa chief minister Naveen Patnaik and Aditya Birla group chairman Kumar Mangalam Birla, the Aditya Birla group confirmed on Thursday, May 22, 2008 its plans of investing about Rs 75,000 crore in Orissa. The investment by the AB group in the state will span aluminum, ...

Reliance Communications of the Anil Dhirubhai Ambani Group (ADAG) on Sunday, May 18, 2008 announced its road map for launching the competitively priced direct-to-home (DTH) services. The DTH services by Reliance Communications are likely to be introduced across 4,000 towns in the next few weeks. ...

India’s number two mobile operator, Reliance Communications have taken a 47 percent jump in quarterly net profit. Reliance Communications, a part of the Anil Dhirubhai Ambani Group has added 4.8 million mobile users between the months of January and March, taking its total to 45.8 million ...

Steel giant Arcelor Mittal said on Monday, April 28 2008, that it has signed pacts with Satyam Computers and MindTree Consulting for providing IT services to its Western Europe trading operations. Arcelor Mittal said in an statement that details of the services provided by these companies would be ...

There is good news for Airtel subscribers. The leading mobile network in India, Bharti Airtel announced on Monday about the reduction in its STD and roaming tariffs. STD rates have been reduced to Rs 1.50 per minute from Rs 2.65 per minute whereas the roaming tariff for an incoming call has ...

Maruti Suzuki India Ltd on Thursday said that its profit for the January- March quarter has dipped by 34%, compared to the previous year. The company said that as it applied more strict depreciation rules, there is dip in profit. Previous year, the profit for the January- March quarter stood at Rs ...

India’s biggest commercial enterprise, the Indian Oil Corporation (IOC) may witness its borrowings hike up to Rs 2,000 Crore each month beginning from this fiscal, incase crude oil prices keeping heading north. G.C. Daga, director-marketing, IOC, informed that the borrowings of the IOC have ...

Wipro Chairman, Azim Premji is all set launch Private Equity (PE) fund worth Rs 1 billion. The fund is known as PremjiInvest. Sudip Banerjee, who was the President of Enterprise Solution Business, has been appointed as the director of the advisory board of PremjiInvest. This PE fund is one of the ...

The Wipro Company has declared an alteration in the management framework of its IT business as well as extension of its board of directors. Three persons - Girish Paranjpe, Suresh Senapaty and Suresh Vaswani, have been anointed to Wipro’s board. Further on, Girish Paranjpe and Suresh Vaswani ...

Larsen and Toubro (L&T) on Tuesday, April 15, 2008, said that its construction division has received contract worth Rs 2,000 crores from Wadia group flagship firm Bombay Dyeing for construction related works of the textiles and the spring mills of the company in Worli and Wadala. The project ...

With more and more women occupying top notch positions in the corporate sector, the Indian companies too are doing their bit to woo them into their fray. Infact, many are even proffering their employees an extra 25 per cent bonus for referring them a female employee. The reason India Inc states for ...