IFCI, say sources, owes nearly Rs 500 crore in debt to LIC, which has the option to convert it into equity and take its total stake from 8.4 per cent now to 49%. IFCI's proposed strategic sale has attracted expressions of interest from 10 entities.
The earnings of Indian IT companies in rupee terms are dwindling with every upward movement of the currency. The domestic currency has risen by 11.6 per cent this year to touch a nine-year high on Wednesday.
SBI Life, ICICI Pru have seen their valuations increase by 33 per cent and 35 per cent recently. SBI Life Insurance has seen its valuation soar after just 3 months while ICICI Prudential's valuation has increased in just 5 months.
Nortel Networks (India) is upgrading the communications at four Indian international airports, which should help make the staff more responsive to travellers.
Old economy companies such as Hero, M&M (Tech Mahindra), Aditya Birla, Essar, Hindujas and Larsen & Toubro have sprung into action with large acquisitions and major deals.
The high sum insured will allow the insurer the luxury of taking treatment in a deluxe room in premium priced hospitals and cover high-cost medical expenses for critical illnesses.
The US sub-prime lending crisis forced Mumbai-based WNS Holdings to revise its net income guidance by 60 per cent, and this is worrying the $8 billion business process outsourcing sector players and analysts.
IT-BPO firms offer end-to-end mortgage origination services and manage servicing activities.
Insurance agents of all life insurance companies selling unit linked insurance plans will now show rate of returns ranging between 6 and 10 per cent to customers.
Anuj, a resident of Second Life since November 2006, is angry. He recently bought a poker table for around 25,000 Linden dollars
Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.
Nortel President and CEO Mike Zafirovsky is scheduled to visit India shortly, his first since taking over in November 2005. In an email interview with Leslie D'Monte, he explained his company's strategy for India and more.
With organic growth slowing down due to the appreciating rupee and rising wages, Indian information technology companies have taken the acquisition route to add marketing muscle and win clients in Europe and the US.
The reports suggesting that the nearly $13.5 billion Internet giant Google is finally developing a 'GPhone' are growing stronger in the foreign media and cyberspace.
Making a name for themselves as they 'drive innovation' in giants like IBM, Microsoft.
Linux has over 300 variants, of which the offerings from Red Hat and Novell are the most popular because the firms provide support and maintenance -- the OS is free.
India is becoming an attractive solar market and firms such as Moser Baer and US-based Signet Solar are confident of the growth in this market.
Indian IT firms are learning to cope with the appreciating rupee, according to Pradeep Udhas, global head (sourcing advisory), KPMG.
Digital learning with personal computers will soon become a mass reality with Intel and HCL Infosystems planning to introduce the Intel-powered Classmate PC in India from August. Wipro and Zenith Computers will soon follow the suit.
An increasing number of contractors managing parking lots at malls, multiplexes and five-star hotels are buying parking insurance covers
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