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By Novell on Mar 24, 2009 in Business and Economy | 0 Comments
By Novell on Mar 24, 2009 in Business and Economy | 0 Comments
By Novell on Dec 28, 2008 in Business and Economy | 0 Comments
The ongoing recession has taken the shine off the Surat diamond industry. Around 100,000 diamond cutting and polishing workers have so far been laid off in the wake of the global turmoil hitting the diamond industry hard.
“The Rs 50,000 crore diamond industry in Surat is facing severe financial crunch and it has [...]
By Novell on Nov 25, 2008 in Business and Economy, Interviews, Technology | 0 Comments
Nandan Nilekani, Co-chairman and co-founder of Infosys Technlogies has authored a book Imagining India. The book has a unique problem solving perspective to the crises and the challenges of 21st century India. Nilekani explains the rationale behind writing the book saying he wanted to get into the root of what makes India tick. He [...]
By Novell on Oct 16, 2008 in Business and Economy, Discussions | 13 Comments
After laying off 800 flight attendants yesterday, Jet announced today it would serve termination notices on another 1,100 to save the company. Those grounded — cabin crew, pilots and ground staff, including 200 engineers and management officials — make up roughly 15 per cent of Jet’s total employee base of 13,000.
Jet Airway CEO Wolfgang [...]
By media.desi on Oct 3, 2008 in Business and Economy, Discussions | 0 Comments
India’s biggest truckmaker, abandoned its newly built factory for the world’s cheapest car because of violent protests by farmers, hampering plans to start selling the $2,500 vehicle this year.
Tata Motors will move equipment and machinery from Singur in West Bengal state to a new location to be decided later, Chairman Ratan [...]
By Novell on Sep 6, 2008 in Business and Economy, Defense, Discussions | 0 Comments
India won the right to buy atomic- energy equipment after a suppliers’ group lifted a three-decade ban on exports to the country, swayed by promises that the nation will keep its moratorium on nuclear-bomb tests.
This constitutes a major landmark in our quest for energy security and the decision will open a new chapter in [...]
By Novell on Mar 28, 2008 in Business and Economy, Discussions | 4 Comments
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, [...]
By media.desi on Mar 25, 2008 in Business and Economy, Discussions | 0 Comments
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 [...]
By Novell on Mar 9, 2008 in Business and Economy, Discussions | 1 Comment
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 [...]
By Novell on Mar 6, 2008 in Business and Economy, Discussions | 17 Comments
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 [...]
By Novell on Feb 2, 2008 in Business and Economy, Miscellaneous, Technology | 5 Comments
By Novell on Jan 21, 2008 in Business and Economy, Discussions | 2 Comments
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 [...]