Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Chinese telecom equipment manufacturers Huawei and ZTE on Tuesday hit back at a US House panel report that labeled both the companies as threat to US national security.
The Tata Group's agreement with one of the largest conglomerates in Bangladesh, the Nitol Niloy group, to make footwear and bicycles is likely to bear fruit soon.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
Micromax has the highest tablet sales in the second quarter of the financial year 2012, ahead of Samsung and Apple.
Now, the Rs 1,200 crore induction cooker industry has got a much needed boost to go for an all out marketing battle against the gas stove segment pegged at Rs 1,300 crore.
Meru Cabs, launched in 2006, has everything going for it: A credible brand, loyal customers and a transparent pricing mechanism and technology. But, the only thing missing is profits. Meru wants to change that now. Says Meru CEO Siddhartha Pawha: FY13 will be focused towards achieving the last target.
In CY2010, 9.9 million PCs were shipped, a growth of 30% over 2009, while in CY2011 total shipments went up by just 7.3%
Gulshan Rai, director general of the Indian Computer Emergency Response Team and coordinator of the committee on cyber laws, says the team is gearing up to address the increasing mobile Internet usage.
"We will come up with a new brand identity next month and have already assigned one agency for this. It will be a new branding for Saregama, with a more youthful and uncluttered logo. We have chalked out the future road map. While there are plans to enter the television space more aggressively, we are exiting the films business," said Sanjiv Goenka, chairman of the Group.
Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television.
The social media giant is planning to launch roadshows in these locations as part of its 'SMB Boost' programme.
Volume growth and performance of the banking, financial services and insurance (BFSI) division will be a key aspect as the Indian information technology services sector draws closer to announce its first quarter results for 2012-13.
Miffed at a rise in annual licence fee on Internet service providers, industry body Internet Services Providers Association of India on Thursday said it would approach the Telecom Disputes Settlement Appellate Tribunal, challenging the new fees.
After cashing in on the Munni campaign to market the Zandu Balm brand in 2010, the company has now roped in five sporting icons -- cricketer Gautam Gambhir, Olympic medal winning boxer Vijender Singh, badminton champion Saina Nehwal, five-time world boxing champion Mary Kom and wrestler Sushil Kumar -- for its Fast Relief brand.
Analysts say other than the niche focus, these firms are also reaping the benefit of deals becoming smaller.
Analysts and venture capitalists say Flipkart making considerable losses on book transactions.
The peace between erring employees and the company was brought in after the intervention of Nashik Deputy Labour Commissioner R S Jadhav.
According to an official in the state power department, the government has given nod to the West Bengal State Electricity Distribution Company to approach the West Bengal Electricity Regulatory Commission for a further tariff hike and a proposal has been moved in this regard
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