Germany-based premium domestic appliances manufacturer Miele has announced its entry into Indian market with the launch of its premium products on Tuesday.
 
"We have spent six years understanding the Indian market and comprehended the consumers' needs and aspirations," said ...

Sweden-based home appliances manufacturer Electrolux has registered a pre-tax profit of 2.2 billion kronor for the third quarter of this fiscal which ended on Sep 30, which is almost double the 1.2 billion kronor pre-tax profit reported during the corresponding period last fiscal.
 
The home ...

The Indian arm of Japan's Mitsubishi Chemical Corp, MCCPTA India Corp, has disclosed that it will be increasing its revenues threefold to stand at Rs.5,000 crore from the current Rs.1,600 core by 2010-11.
 
“We are planning to treble the revenue to Rs.5,000 crore ($1.2 billion), taking ...

State-run Hindustan Aeronautics Ltd and Boeing Corp will manufacture flaperons for the Boeing 777 aircraft series jointly.
 
A flaperon is a type of control surface that combines flaps and ailerons, which are attached to the trailing edge of the wing of a fixed-winged aircraft. They are used ...

According to a survey, Indian cities Bangalore, Delhi NCR, Mumbai, Chennai, Hyderabad, Pune are among the top 8 outsourcing destinations in the world.
 
The other two are the Philippines' Manila NCR and Ireland's Dublin city, according to the 4th Global Services-Tholons Top 50 emerging ...

Adecco, the Switzerland-based recruitment firm, has disclosed on Tuesday that it has plans for procuring its US-based rival MPS Group for foraying into US, Canada and Britain.
 
According to the firm, it has plans for procuring the shares of MPS at 13.80 dollars per share, which is a 24% ...

Monetary manager Invesco Ltd is all set to acquire Morgan Stanley’s retail asset management portfolio, including Van Kampen division. The deal is worth about$1.5 billion.  
 
The $1.5 billion deal is in the form of $500 million in cash and 44.1 million shares. This will enable ...

Kerala Home Minister Kodiyeri Balakrishnan said the government would look for "other options" if Smart City Dubai, the developer of the proposed Rs.1,500-crore ($300 million) IT project, did not resolve its differences with the state and start construction soon.
 
"The ...

Future Group, the Indian retail major and Clarks, a British footwear retailer have entered into a joint venture for promoting Clarks footwear in India.
 
According to Ravdeep Singh, chief executive of Future group company Winner Sports, the two companies are now developing a business plan to ...

Beverages major PepsiCo has reported a surge in its net profit for the third quarter of the fiscal year, which ended on Sep 5, by 9% to reach $1.71 billion. This increase in profit is due to the increasing demand for beverages in the Indian markets.
 
"India delivered very strong volume ...

Arun Sarin, the former CEO of Vodafone, will rejoin Kohlberg Kravis Roberts as its senior advisor. He had quit the New York-based KKR in 2003.
 
Indian-born Sarin, 54, had joined Vodafone after he quit KKR. But he had quit Vodafone in 2008.
 
Sarin had held a pivotal role to help ...

Disney-ABC International Television Asia Pacific, which handles the international distribution aspects for the entertainment major, Walt Disney Company, mentioned that the firm has signed a multi-year agreement with the Zee Entertainment Enterprises Ltd for sharing the content.
 
This ...

Harman International Industries, the US-based firm which is into the manufacturing of audio products, has inaugurated its new Indian office on Tuesday in Bangalore.
 
The firm has hopes to equip different vital venues of the Commonwealth Games, which is slated to kick off in New Delhi in ...

Indian-born Jaya Kumar has been chosen as the President of the Quaker Foods and Snacks division by the food and beverages giant PepsiCo. The Quaker Foods is worth $2-billion.
 
Kumar will be spearheading the division which has a diversified portfolio including the Quaker cereals, Aunt Jemima ...

IBS Software, IT solutions provider based in Thiruvananthapuram, has entered into a partnership with Britain-based Transport Research Laboratory, for developing safety solutions for travel and transportation.
 
The deal inked between the firms is meant for researches as well as development ...

According to the spokesperson of Kraft Foods Inc, its bid worth 10.2 billion pounds for acquiring Cadbury PLC was rejected by the British chocolate manufacturer.
 
But an undeterred Kraft has decided to go ahead with a transaction deal which will be supported by the board of ...

Walt Disney Co has revealed on Monday that it will be acquiring Marvel Entertainment for $4 billion. This will power the entertainment giant to add more powerful members like Spider-Man, the X-Men, The Incredible Hulk and The Fabulous Four to its current squad of Mickey Mouse and Donald ...

Swedish telecom major Ericsson has bought Nortel's wireless business for $1.13 billion.
In a statement Saturday after Friday's court-monitored auction in New York, Ericsson said it has acquired Nortel's CDMA and futuristic long term evolution (LTE) technology.
LTE will allow carriers to offer ...

According to South African Minister for International Relations and Cooperation Maite Nkoane-Mashabane, India and South Africa can tackle the slowdown if they increase investments in each other's economy.
 
In his keynote address on Thursday at the "Doing Business with India ...

MGRM, city-based e-governance firm and Bell ID, an identity card solutions provider headquartered in the Netherlands has entered into a joint venture, for tapping the emerging opportunities in e-governance and identity management verticals in India.
 
The joint venture will become ...

Aircraft manufacturer Boeing has signed a contract with Intelsat Ltd for making four telecommunication satellites.
 
This is the first order for Boeing's 702B satellite series. The financial details of the deal were not revealed.
 
A Boeing statement said “The 702B, an evolution ...

The Internet search giant, Google, has reported a 19% increase in its profits. This increase in profit has been achieved due to the compensation of decline in online ad spending due to the recession by cost-cutting measures.
 
Profits went up by 19% from $1.25 billion to $1.48 billion. ...

The union Budget 2009-10 which was presented by Pranab Mukherjee has come up with the following proposals for the export sector:-


Market development assistance schemes allocation up by 180% to 124 cr
Interest financial assistance extended to March 2010 for employment extensive export ...

SoftPro chairman Bala Reddy and Cura chief executive Avi Eyal finalized the deal on Wednesday evening. 

Cura, established in 2002, provides a smarter software solutions for governance, risk management, compliance and performance management. 

Established in 1994, SoftPro is into the ...

The tie-up between India and US seems to have benefited the US as Indian companies buy 143 US companies in the last two years. Many Americans have managed to hang on to their jobs in the times of economic recession. 

The acquisition has been across various sectors. During 2007-08, 94 deals ...

India has emerged as the second largest investor in Britain, with a recession-busting 44 percent jump in the number of projects it has created since 2008, new figures reveal.
Projects created or brought in by Indian investments number 108 -- behind top-ranking US's 621 and just ahead of ...

Leading software developer, Oracle Corp announced on Wednesday (June 17) that it has acquired the intellectual property of Conformia Software. None of the companies revealed anything about the terms of the deal. Conformia Software is a provider of web based enterprise software products and ...

Dr. Reddy’s Laboratories and GlaxoSmithKline have now engaged in a strategic partnership which has caused the shares of the former to be in the limelight.  Under this partnership, the multinational drug maker will sell the domestic generic products of the firm in Latin America, Middle ...

Global search engine giant, Google, has said that it would not take part in censoring content or editing it on its network. But, the company would act to redress complaints, if any. Shailesh Rao, MD of Google India, said that the timeline to remove objectionable content is between 10 minutes and 24 ...

Anil Agarwal-led Sterlite Industries inked an agreement with US-based copper producer Asarco to purchase all the assets of the company.  According to a statement of Sterlite Industries, the company will acquire Asarco by paying an amount of $1.1 billion in cash and promissory note worth $600 ...