Business

    India can tap outsourcing avenues in aerospace: Airbus

    Chennai, Sep 12 : With the European aerospace industry looking at cutting costs, India can become an important outsourcing destination, an official of aircraft major Airbus Industrie said here Friday.


    Sony India targets 33 percent growth

    Hyderabad, Sep 4 (IANS) Sony India Thursday launched its new Bravia series LCD TVs, which are expected to contribute substantially to its turnover of Rs. 40 billion this fiscal.

Tata signals Singur exit (Lead)

Sep 2nd, 2008 | By Sindh Today | Category: Business, India

Kolkata, Sep 2 (IANS) Auto major Tata Motors Tuesday said it was ready to pull out from Singur in West Bengal, where its plant to produce the world’s cheapest car Nano has remained closed since Friday following protests by farmers and opposition parties.



‘Foreign investors will soon start trading in currency futures’

Sep 2nd, 2008 | By Sindh Today | Category: Business, India

New Delhi, Sep 2 (IANS) Foreign institutional investors (FIIs) will soon be permitted to trade in currency futures, Securities and Exchange Board of India (SEBI) whole-time member T.C. Nair said here Tuesday.



Court seeks Reliance demerger pact to settle gas dispute

Sep 2nd, 2008 | By Sindh Today | Category: Business, India

New Delhi, Sept 2 (IANS) The Bombay High Court Tuesday asked for the agreement of demerger of the Reliance group between the Ambani brothers - Anil and Mukesh - for settlement of a dispute over the production of gas from a hydrocarbon asset off the Andhra Pradesh coast.



Six firms bid for BSNL’s 93-mn GSM line order

Sep 2nd, 2008 | By Sindh Today | Category: Business, Featured Biz-Tech News, India, Technology

New Delhi, Sep 10 (IANS) With the state-run telecom operator, Bharat Sanchar Nigam Ltd (BSNL), gearing up for third generation mobile services, six global network equipment makers have bid in a tender to supply 93 million GSM lines, a top company official said here Wednesday.



ONGC subsidiary to acquire UK firm for $1.4 bn

Aug 26th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 26 (IANS) ONGC Videsh Ltd (OVL), the overseas arm of India’s state-owned oil and gas exploration company Oil and Natural Gas Corp, Tuesday signed a pact with UK’s Imperial Energy to acquire the London stock exchange-listed firm.



‘Economy to grow at 8-9 percent, inflation to moderate’ (Lead)

Aug 26th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 26 (IANS) Finance Minister P. Chidambaram Tuesday told heads of industry that the economy would grow eight to nine percent and inflation would start easing from October.



Step up investment in R&D, Antony urges India Inc.

Aug 26th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 26 (IANS) Indian industry will have to step up investment in R&D to improve its technological capability to meet the requirements of the armed forces, Defence Minister A.K. Antony said here Tuesday.



Infosys buys British consulting firm for $753 mn (Second Lead)

Aug 23rd, 2008 | By Sindh Today | Category: Business, Featured Biz-Tech News, India, Technology

Bangalore, Aug 25 (IANS) IT bellwether Infosys Technologies Ltd Monday announced acquisition of the British-based leading SAP consulting firm Axon Group plc for $753 million (Rs.33 billion) in an all-cash deal.