"The company has identified a place near Channapatna, close to the 'Janapada Loka' on the highway. This will be a 6,000 square feet cafe with a kidsplay area and parking space," said Rini Dutta, Vice-President (marketing and product development), Barista Coffee Company.
Communications Minister A Raja has made it clear to bureaucrats in his ministry that there is no question of any change in the entry fee to be paid by a company for getting a unified access service licence, which allows an operator to offer mobile and fixed line services. In an unusually strong hand-written noting (not the first time that the 42-year old lawyer turned politician has done so) on a file relating to licences and related issues, Raja castigated senior officials.
The kingpin of the racket, Joseph, an unemployed techie hailing from Virudunagar in Madurai district of Tamil Nadu, was nabbed from a cyber cafe in Mahadevapura near Whitefield by the police on November 29. Six of his associates have also been nabbed. The police tracked the accused by tracing the IP address of the PC from where the accounts were hacked.
In another setback to Big Pharma, US drug major Eli Lilly's blockbuster erectile dysfunction drug Cialis (generic name:Tadalafil) has failed to qualify for a product patent in India after the basic constituent of the medicine was found to be a known substance, developed and patented by Indian scientists 32 years ago.
A study by economic think-tank Icrier (Indian Council for Research on International Economic Relations) has found that any adverse impact of organised retail on mom-and-pop stores will wear off over a period of time. Organised retail, it has said, will not lead to job losses and will, in fact, raise farmers' earnings.
Many new players have challenged the offer by Bharti Airtel to pay Rs 2,650 crore (Rs 26.50 billion) to get a start-up GSM spectrum of 4.4 MHz. While some say they will up the ante and are planning to write to the government that they can offer more, others say the offer is meant to keep away new competitors.
FDI, NRIs to keep higher segment active.
The company is also looking at recruiting employees from outside India, especially for services and expertise that people in India lack.
Chevron Corporation, one of the world's largest global energy companies, may pull out of Reliance Petroleum (RPL) by selling its 5 per cent equity to Reliance Industries.
For instance, Tata Consultancy Services recently won a $200 million deal in Mexico, Wipro announced the opening of a development centre in Australia, and Infosys announced the setting up of 'The New Growth Engines' business unit in Latin America.
The move may be part of Budget 2008-09, a senior government official said.
Khoday India, the Rs 150 crore Bangalore-based spirits' player, is trying to catch up in the rapidly-growing Indian Made Foreign Liquor (IMFL) market with a concerted effort.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
Grover Vineyards plans to sparkle, literally and otherwise. In three years, come the festive season of 2010, it will launch its sparkling wine. Plus, it has taken a series of steps which will enable it to retain its presence at the quality end of the booming Indian wine market. This market is set to drastically change with the sharp cut in import duty on foreign wines and the launch of wines by brewers and distillers like UB, Seagram and Diageo.
"Despite many obstacles, the Indian IT sector is growing stronger. However, innovation is the key driver of growth. There should be innovation in products, research and development, technology, organisational structure, business model and processes. Indian companies should follow this model to remain successful," he said delivering the keynote address of the Freescale Technology Forum in Bangalore.
The Election Commission, for the first time, has banned bulk text (SMS) messaging either by candidates standing for an election or by political parties to voters in the 48 hour period before start of voting in Assembly constituencies in Gujarat and Himachal Pradesh.As this ban is likely to be extended to all future elections, mobile service providers will have to live with the idea of losing what used to be a revenue windfall for them during elections.
Said CII southern region chairman P K Mohapatra, "Though the construction industry employs about 31 million people, second only to the agriculture sector, the workforce requirement is about 5 million people every year over the next seven years to eight years to sustain the present 8 per cent growth rate."
The judge gave the ruling while dismissing a petition filed by the Commissioner of Customs. The court upheld the Customs, Excise and Services Tax Appellate Tribunal's earlier judgement, stating that the interpretation by the tribunal was in consonance with the Computers (Additional Duty) Rules, 2004.
William S Pinckney, Managing Director, Amway India said the company will start exporting to Sri Lanka, Nepal, Bangladesh and Pakistan from India within the next couple of years. The company, which has emerged as the largest direct marketing company in the country, is now looking to make India an export hub for South Asia.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
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