US technology giant IBM has said it will invest six billion dollars in India by 2009, the company has about 43,000 employees in 14 cities across the world and India is one of its important centres outside the US.
Category Archive for 'India'
As inflation hovers at around 6 percent, Finance Minister P Chidambaram has said the government is committed to moderating it with additional measures that would take some time to bring down prices.
“Government is committed to moderating inflation though it may take some time to contain it,” he told reporters after the Cabinet meeting.
He said prices [...]
Overcoming resistance from the Left Parties, the government has virtually re-initiated the disinvestment process by targeting Rs 1500 crore funds for the National Investment Fund through IPOs of three public sector power companies.
“The government will be piggybacking on the IPOS of Rural Electrification Corporation (REC), Power Grid Corporation of India (PGCIL) and National Hydro-electric Power [...]
The Bombay Stock Exchange benchmark index Sensex shot up by over 171 points in pre-close trading on persistent buying by funds as well as retail investors.
The 30-share index climbed by 171.22 points at 14,262.14 at 1500 hours.
In similar fashion, the Nifty index on the National Stock Exchange was up by 47.65 points at 4,130.35.
Reliance Comm Q3 net zooms 198 pc to Rs 924 cr
Posted in India on Feb 1st, 2007
Anil Ambani group company Reliance Communications has posted a 198 percent increase in net profit at Rs 924 crore for the quarter ended 31st December 2006 as against Rs 310 crore during the corresponding quarter last fiscal.
Revenues for the October-December 2006-07 period grew 26 percent at Rs 3,755 crore as compared to Rs 2,991 crore [...]
Bajaj Auto Ltd has reported a 12 percent rise in its motorbike sales for the month of January at 1,96,560 units compared to 173,835 units in the same month last year.
Two wheeler sales in January grew 9 percent at 197,553 units as against 1,81,758 units in the year ago month, Bajaj Auto said in a [...]
Car maker Maruti Udyog Limited (MUL) said it has recorded highest ever monthly domestic sales for January at 62,248 vehicles a growth of 28.3 per cent over the corresponding month last year.
The latest figures surpassed the previous high of 61,141 vehicles sold in March 2006 (post budget), a company statement said.
Overall, Maruti Udyog sold 65,341 [...]
The Taj Mahal appears set to figure among the new seven wonders of the world, with votes polled across the world so far placing it among the top seven candidates for the title.
People from around the world are voting to choose the new seven wonders of the world, and the Taj is ranked among the [...]
The list of Indian squad for the upcoming cricket World Cup in the Caribbean would be selected on 12th February in Mumbai, among the list of 30 probables 15 would be pruned for the final.
The list of 30 probables for the World Cup would be pruned to final 15 members as 13th February is the [...]
State-run Oil and Natural Gas Corporation, the country’s largest company by market value, today posted a 20.07 per cent jump in net profit for the third quarter this fiscal on higher sales of crude oil.
Net profit for the quarter ended December 31, 2006 stood at Rs 4,668.31 crore compared to Rs 3,887.76 crore in the [...]