Bangalore, May 24: Union Minister Veerappa Moily was presented with a "Global Citizen Award" by an university here for his role in transforming Bangalore as a global IT hub during his tenure as Karnataka Chief Minister. The Asian Institute of
Mumbai, May 24: In a paradigm shift to expand its retail footprint, Siyaram Silk Mills Ltd has embarked upon an expansion spree by inking 27 franchise agreements in the first two months of current fiscal out of targeted 90 for 2013-14.
Rio de Janeiro, May 24: Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre-salt region will be held in October, or earlier than previously scheduled, the government said Thursday.The government's National Council for Energy Policy
Kolkata, May 23: West Bengal government, which holds nearly 40 per cent stake in Haldia Petrochemicals Ltd through WBIDC, has agreed to provide Rs 100 crore to the company as demanded by the lenders, sources said. At the board meeting
Mumbai, May 23: Tata Steel's consolidated net loss plunged to Rs 6,528.51 crore for the quarter ended March, 2013, as it took Rs 8,355.91 crore one-time impairment on non-current assets, primarily related to European operations. The Tata group company had
Tokyo, May 23: Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of
Washington, May 22: Apple, in 2012 alone, avoided paying $9 billion in U.S. taxes, using a strategy involving three offshore units with no discernible tax home, or "residence", found out the Senate Permanent Subcommittee on Investigations. Cook, in his first
Mexico City, May 22: Mexican telecommunications giant America Movil says it has agreed to buy US mobile operator Start Wireless Group for an undisclosed amount.In a filing with the Mexican Stock Exchange, the Mexico City-based company announced its US unit Tracfone
Kolkata, May 21: India should open up its economy more for eliminating poverty and achieve a higher rate of growth and allow foreign capital for building infrastructure, US ambassador Nancy Powell said. "In the last two decades, growth in India
Bangalore, May 20: Infosys Ltd will challenge an order seeking Rs 577 crore tax for the fiscal year that began in April 2009. Infosys is already facing tax demands worth $214 million for fiscal 2005 to fiscal 2008 "Infosys is
Washington, May 20: The board of web pioneer Yahoo has reportedly approved a deal to buy popular blogging site Tumblr for $1.1 billion in cash, according to various media reports.Yahoo CEO Marissa Mayer and Tumblr CEO David Karp were reported to
Mumbai, May 19: Shares of IT services firm Mahindra Satyam on Friday fell by nearly 2 per cent after the company reported 15 per cent decline in profit after tax for the fourth quarter ended March 2013. After falling nearly
Kolkata, May 18: In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured
New Delhi, May 17: Global agency Standard & Poor's today warned that it may downgrade India's sovereign rating to junk grade if the government fails to pursue reforms and check deterioration in fiscal and current account deficits. While retaining India's
Washington, May 17: India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today. "Among the
New Delhi, May 16: Two-and three-wheeler manufacturer Bajaj Auto today reported a marginal increase of one percent in net profit for 2012-13.The net profit stood at Rs.3,044 crore from Rs.3,004 crore in the fiscal year 2012-13.The company reported a three percent
Mumbai, May 13: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs. 15 crore for the fifth year in a row, while foregoing nearly Rs. 24 crore from the remuneration approved for him by shareholders.
New Delhi, May 10: Led by manufacturing sector, the industrial production during March improved to 2.5 per cent, raising hopes of economic growth crossing the 6 per cent mark in the current fiscal. The improvement in the factory output during
Mumbai, May 6: Vijay Mallya, who has already lost his title - King of Good Times, has been pushed back over his debts in connection with Kingfisher Airlines (KFA). Now the liquor baron may lose all his assets over losses due
New Delhi, May 5: What started as a promise to be 'the people's car', Tata Motors' Nano is finding it tough to get going with customers turning their backs to the model, sales for which have been dwindling and clocked just
New Delhi, May 3: India's largest telecom operator Bharti Airtel Friday said it will sell five percent stake to Doha-based Qatar Foundation Endowment for $1.26 billion.As per the agreement, Qatar Foundation Endowment (QFE) will subscribe to 199,870,006 new shares of Bharti
Jaipur, May 3: UK-based construction equipment maker JC Bamford Excavators (JCB) today said it will invest Rs 500 crore in India over the next five years to set up its fourth manufacturing facility here. The company's wholly-owned subsidiary 'JCB India'
Jaipur, May 2: Cairn India is setting up a centre of excellence in Jodhpur that will provide world class training for upgrading skills of people engaged in the oil and gas industry.Cairn has signed a contract with TUV Rheinland of Germany,
Chennai, May 1: Indian car market leader Maruti Suzuki India Ltd closed last month with three percent lower sales compared to what it sold in April 2012, the company announced on Wednesday.The company said in a statement that it sold 97,302
New Delhi, May 1: The much-awaited Swedish retail IKEA's Rs 10,500-crore proposal to set up single brand retail stores in the country is expected to be taken up by the Cabinet Committee on Economic Affairs (CCEA) today. Earlier in January,
Mumbai, April 29: Market regulator Sebi is planning to launch a new platform that will enable investors to put in money in SMEs (small and medium enterprises), a senior official said today. "We are working on a new platform for
Hyderabad, April 24: Industrial majors Vedanta and Essar Groups are in the race to get the Rs 845 crore worth Ore Handling Complex (OHC) project at Visakhapatnam Port, a senior official of the port said. The OHC project would be
New Delhi, April 23: The Sahara Group and its promoter Subrata Roy on Monday faced a tough time in the Supreme Court (SC) which pulled them up for not refunding Rs.24,000 crore to its investors and accused them of "manipulating courts"
Washington, April 23: Amidst Congressional debate on the comprehensive immigration reform, a top US senator has accused big Indian IT companies - TCS, Infosys and Wipro - of abusing the H-1B visa system. "There are some specific abuses of H-1B,"
New Delhi, April 23: The government has approved 13 power projects, entailing investments worth Rs 33,000 crore, which were pending approvals due to various reasons. Of the 20 projects reviewed by the newly appointed Cabinet Committee on Investment (CCI), 13
Indian pop music is a style of music that is a combination of diverse and eclectic musical influences, from raga to reggae and bass beats to bhangra. This style of singing has broken musical frontiers across the globe and developed a distinct niche for itself, winning large fan-followings the world over.