This will be the company's first major expansion in the switching business after the acquisition of the North West Switches brand for Rs 102 crore (Rs 1.02 billion) in May last year. The plant will be located at Haridwar, Uttaranchal, where the company has acquired about six acres for the purpose. A significant part of the Rs 60 crore (Rs 600 million) capital expenditure earmarked for this fiscal will be spent on setting up the plant, Vineet Agrawal, president, said.
So far, all three have launched their own initiatives to train teachers and students in information technology. While Infosys BPO has Project Genesis to train faculty, which in turn teaches students, Wipro recently launched a similar programme called Mission 10x.
According to the company, it has provisioned for these losses from FY03 and made the final provision during FY07.
If you aspire to luxury furniture brands endorsed by Hollywood stars or mattresses that former American presidents slept on, you need not go to the US.
Kolkata-based Spencer's Retail is scouting for international lifestyle brands, and is in talks with several global firms dealing in apparel, footwear, luxury retail and lifestyle products.
Even as the government considers a new Bill to make the Indian Institutes of Management answerable to the Parliament, it appears the IIMs - considered home to some of the best brains in the country - have shifted from being seats of learning to seats
Rural retail seems to be keeping a lot of women in villages across the country on their toes.
Following a global strategy to promote healthy beverages, Coca-Cola India is considering an entry into various new beverage segments such as juices in addition to sports and energy drinks.
The Indian Institute of Management-Bangalore has been collaborating with global universities like INSEAD, Lancaster, McGill and three schools in Japan for over a decade to train senior executives in management techniques
U21Global, the Singapore-based online graduate school, plans to expand its reach in India by launching a series of management degree courses specific to the country.
DaimlerChrysler India has recorded a higher growth rate for its Mercedes-Benz in smaller cities than in the metros.
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