Alcatel to axe 5,000 jobs, exit non-profitable markets

Global telecom equipment maker Alcatel Lucent (ALU) on Thursday said it will reduce headcount by 5,000 globally and exit or restructure non-profitable markets to save Euro 1.25 billion by the end......

G-20: Global cos for bigger private sector role

Global corporate leaders, including Indian pacesetters, have asked the leaders of the G-20 to foster greater private sector participation in achieving Millennium Development Goals like food......

Mukesh Ambani on WEF Foundation Board

Reliance Industries chairman and managing director Mukesh Ambani has been elected to the Foundation Board of the World Economic Forum.Another person on Indian origin, PepsiCo chairman and chief......

India to be global services hub for Alcatel-Lucent

Franco-American telecom equipment vendor Alcatel-Lucent has shortlisted India as the new location for its global services headquarters, which will entail an investment of $500 million over the next......