According to a Telecom Regulatory Authority of India (TRAI) report, the wireless segment had seen an addition of 8.53 million subscribers in the month of February 2008 as against 8.77 million subscribers in January 2008. India’s total wireless subscribers (GSM, CDMA and WLL) base stood at 250.93 million at the end of February 2008, […]
Archive for the 'Business and Economy' Category
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Tata, India’s biggest vehicle maker, is likely to pay about $2bn (£1bn) in the deal, although analysts will be keen to see the exact price and terms.
Tata gained key backing from unions for its bid by expressing support for Jaguar and Land Rover’s current management and the brands’ five-year business plan.
Tata’s acquisition is its […]
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An ambitious $60 billion (Rs 2.25 lakh crore) action plan drawn up for makeover of Mumbai - Aimed to convert India’s commercial capital into a global financial hub. Nighi will present the Mumbai Makeover series by aggregating articles from various news sources. The series takes a look at the five biggest civic projects presently underway […]
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Four Indians are among the 10 richest in the world, the highest number from a single country, according to Forbes’ list of world’s billionaires.
While Warren Buffet, the Berkshire Hathaway investor, takes the title of the world’s richest man from Microsoft chief Bill Gates who slips to third place after a 13-year reign […]
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Microsoft has made a $44.6 billion unsolicited takeover bid for Yahoo. Yahoo turned down a takeover offer last year, but says it is "carefully and promptly" studying Microsoft’s offer. An interesting look at different channels footage of the story. CNN Story Associated Press FOX […]
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Monday was easily the worst day for the share market. Down by a whopping 1408 points by the end of the day’s trade, the Sensex fall on Monday dwarfed all the other falls ever in its history, as US market recession and margin call pressures from domestic investors took its toll on the markets.
The […]
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Over the past year, Tata has been building hype for a car that would cost a mere 100,000 rupees (roughly $2,500) and bring automotive transportation to the mainstream Indian population. It has been nicknamed the “People’s Car.†Over the course of the New Delhi Auto Expo, which began this week, anticipation had grown […]
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Ford Motor Co. named Tata Motors Ltd. the top bidder for its Jaguar and Land Rover brands Thursday and entered into “focused negotiations at a more detailed level,” meaning Tata was named preferred bidder for the storied British automakers.
Last month people close to the negotiations with Ford told that potential suitors had submitted […]
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In 1911, Sir Frederick Upcott, chief commissioner of the Indian Railway Board in British India, said, “Do you think the Tatas propose to make steel rails to British specifications? I will eat every pound of steel rail they succeed in making!†Almost a century later, you could be forgiven for believing that the neo-colonial […]
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Four trading sessions — that’s what it took the sensex to rally from 18k to 19k, making it the fastest 1,000-point run in the history of the 21-year-old index. If you think that’s a milestone, consider this: Over the last month, the sensex has gained 3,500 points. And during this period, four of its […]
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While political uncertainty looms large, the stock indices ignored all such eventualities as the benchmark Bombay Stock Exchange 30-share sensitive index (Sensex) zoomed past the 18000-mark on Tuesday with the largest single day gain of 788.85 points. This is the second fastest 1,000-point journey, the period being nine trading sessions. The fastest 1,000-point […]
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India’s gross domestic product has topped $1 trillion making it the 12th country to achieve the milestone, The Swiss Investment Firm Credit Suisse said in a note. Indian GDP at the current price level is 41 trillion rupees. With the rupee appreciating to below 41 against the US dollar, yesterday was the first […]
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