The Japanese delegation visiting India, headed by Prime Minister Yukio Hatoyama, has reportedly signed 2 key agreements with the Indian commerce minister in order to strengthen the economic and trade ties between the two countries. The commerce ministry reported that the first agreement involves a USD$75 million loan by the Japan Bank of International Cooperation [...]
Reliance Industries Executive Director R.Ravimohan died last night in Mumbai following cardiac arrest. A Reliance spokesperson rported that the director, who was involved in the acquisition of the multinational petrochemicals company LyondellBasell Industries, was rushed to the hospital when he suffered a heart attack while taking a walk outside his office. Ravimohan, who was 52 [...]
The global financial services company has said that the warning issued to Ranbaxy regarding its Ohm plant will lower its stock price, the company added that the stock was overpriced anyways. Recently, Ranbaxy, one of the leading pharma companies, reported that US Food and Drug Administration has issued a warning letter to one of its [...]
Infosys Technologies has unveiled plans to invest Rs.300 crore in order to set up its second project in the south Indian state of Orissa. Highly placed sources in the company also said that the companys human resource director, TV Mohandas Pai had a meeting with Orissa Chief Minister Naveen Patnaik in order to brief him [...]
The new year seems to look very bright for thousands of Indian consumers who are aspiring to get hold a Nano with Tata Motors all set to start trial runs of Nano production at Sanand i Gujarat in Januart Most industry analysts are very positive about Tata Motors capability to scale up production once the [...]
The Indian IT and ITES sector is on verge of a sharp growth curve in 2010 according a recent report published by research major IDC. The report mentions that with the economy firming up the domestic Indian IT market is looking very positive. With the market looking quite positive both in India and overseas as [...]
The Indian Rupee noticed a fall in the very first trading session in the new year against the USD. The fall of rupee though is being noted a routine fluctuation and overall most analysts expect the currency to stay more or less in a stable zone in the near future. It is important to note [...]
The Indian auto industry, in the month of December, displayed healthy sales figures, giving testament to Indias growth story. Some of the auto cos announced double digit sales growth figures that are surely to increase in 2010 amidst strong economic conditions that are currently prevailing in the country. Maruti Suzuki, the largest car manufacturer in [...]
With an eye on raising funds for the acquisition of LyondellBasell, a leading chemical company, Reliance Industries has offloaded a significant amount of its treasure shares and has raised Rs 2,675 crore. The shares were sold to LIC which incidentally is the largest institutional stake holder in RIL will now have 6.8 stock holding in [...]
The job market outlook in sectors like finance, real estate and constructions amongst several other verticals looks quite promising in 2010, a number of industry and manpower experts have predicted. With economy firming up quite sharply and domestic market too on the upswing, aspirants are likely to find opportunities for expanding their career horizons. Job [...]