New York-based investment bank Virtus Global Partners said on Monday the firm is in talks with Indian companies to help them acquire nine US firms mainly in IT, pharma and automotive sectors this year.
Bangalore-based Reva Electric Car Company, two-wheeler maker Bajaj Auto and Tata Motors are finalising plans to launch electric vehicles in Europe and the US to take advantage of subsidies these countries are offering as part of their environmental agendas.
Obama has written a letter to the Congressional leadership to end subsidies.
As competition hots up in the direct-to-home (DTH) space, operators, including Dish TV and Sun Direct, are now turning to foreign language channels to build their content bouquet in a bid to take themselves ahead of other players.
A silver lining appears to be in sight for America's strained labour market as a survey shows that lesser number of companies will be looking to trim their sales workforce in the coming months.
Oil and Natural Gas Corp, Reliance Industries and Indian Oil Corp, the nation's biggest companies, are coming together for the first time, to bid jointly for a vast oilfield in Venezuela, which will require an investment of $16-18 billion.
RIL, SBI and ONGC are among the top 200 companies ranked 121st, 150th and 152nd, respectively by US magazine Forbes. New entrants include Hero Honda Motors, Sun Pharma, Indian Bank and Jindal Steel and Power Ltd. However, five Indian companies -- scam-hit IT firm Satyam Computer, realty firm Unitech, Suzlon Energy and two Anil Ambani group firms Reliance Power and Reliance Capital -- have been dropped.
Robbed off a lion's share of its advertising revenue due to the global economic downturn, the media industry is looking forward to the general elections as a major stimulus and expects business worth Rs 600 crore (Rs 6 billion) from promotional campaigns of various parties.
The survey, conducted by US-based legal services firm Robert Half Legal, one out of every four legal professionals working with American and Canadian law firms believes that his organisation will start hiring in the next one year. The survey found that two practice areas of law -- bankruptcy (51 per cent) and litigation (31 per cent) -- are expected to experience the most growth.
However, RIL has exceeded the mandatory 2% prescribed limit, spending the maximum amount of Rs 761 crore
India is likely to count among the top three life insurance and 15 general insurance markets in the world by 2020. However, private insurance companies are to be find a way to operate profitably.
In the past three weeks, early-stage venture capital firm Matrix Partners has invested in three start-ups.
A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.
ONGC and Infosys see erosion in their valuations
The study titled, 'Indian Roots, American Soil: A Look at Indian Companies in the US Economy,' was released at Capitol Hill in Washington, DC on Wednesday at a ceremony attended by several US lawmakers from both the Senate and House.
The company is tying up with around 150 music companies, including Universal Music, Warner Bros, Sony BMG and other national music leaders, Nokia India Regional general manager (North) Chandan Dang said. Nokia is likely to offer the service in India with a free one-year subscription on purchase of select Nokia handsets.
In a news series, voters voice their aspirations and concerns ahead of the general elections.
The Securities and Exchange Board of India is all set to begin the proposed peer audit review of the companies that form the Sensex and Nifty benchmark indices.
Market for localised weather forecasting in India offers immense scope; credibility of data a concern.
Corporate Responsibility Magazine in a survey of more than 1,000 adults over the age of 19 in the US found that 75 per cent of workers would not work for a company with bad reputation even if they were unemployed.
The Bangalore-headquartered company is believed to be evaluating two-three companies, which are in the revenue bracket of $100-200 million to eliminate some gaps that exist in its services offerings and increase focus on certain verticals, which have been least affected in the midst of the economic slowdown. It's reliably learnt that the company is looking at healthcare and energy and utilities as the two major areas for possible acquisitions.
Venture capital firm, Inventus Capital, plans to invest in 15 companies this year, including a Bangalore-based healthcare management entity and a consumer Internet company, a top company official said.
The government said on Wednesday that Satyam Computer Services' disgraced founder Ramalinga Raju created a network of about 300 companies and diverted funds from one company to another in a complex but carefully planned process. Speaking to Karan Thapar on the CNN-IBN news channel, Gupta said, "Our information is that there was a network of almost 300 compnaies and funds were diverted from one company to (another) and then to (a) third."
However, TCS, ITC, Infosys, HDFC Bank, ICICI Bank and Sun Pharma added Rs 27k cr in m-cap
Tata group's global e-learning firm, Tata Interactive Systems, on Monday acquired two European software companies in a move to expand its global presence for an undisclosed amount.
The industry, however, has opposed any specific allocation for the purpose, saying CSR should be self monitored without any government supervision.
Matrix Laboratories Ltd said it has decided to make investments in several pharmaceutical companies in China and in one company in South Africa.
Presently, state-run Oil and Natural Gas Corporation and Oil India Ltd have to bear roughly one-third of the losses on sales of petrol, diesel, domestic LPG and kerosene by way of giving discounts on crude oil they sell to refiners. ONGC and OIL reaped huge profits as crude oil prices rose internationally, prompting the government to consider taking away any earnings over and above $75 per barrel through a WPT.
Welcoming Sebi's initiative on establishing and certifying quality of audit, Ambani said: "We are confident that as part of its supervision, Sebi will ensure compliance with the highest standards applicable to the process and will also ensure that the selection of reviewers takes into account their merit, as also issues relating to confidentiality of commercial information.
The Oct-Dec show is the worst in the last eight quarters. On sequential basis, orders have declined by a record 36 per cent.
Indian Oil, Bharat Petroleum and Hindustan Petroleum recorded profit on the sale of petrol and diesel, the first in three years, on the back of falling international oil prices, industry sources said. The three firms are moping up a neat Rs 11.99 per litre margin on petrol and Rs 4.13 a litre on diesel sale.
Following a spate of bribery cases, Indian Inc may be in for some severe trouble after the UK Bribery Act comes into force from April 1.
In the two weeks since the terror attacks in Mumbai, most of the large Indian business groups in the city have been conspicuous by their absence in offering help to terror victims.
The move has surprised the print media industry which is reeling under recession with most newspaper publishers having put their expansion plans on hold.
With terrorist attacks getting more frequent in the country, insurance companies are introducing a mechanism for processing speedy claims on this.
A segment of drug companies such as tablet and capsule makers may benefit from the government's move to review polluting status of these companies, which may help them save costs on pollution control equipment.
The US Congress has called for restraint or perhaps even a "return" of some of the profits announced by oil giants, in order to help low-income groups to meet the heating oil bills this winter.
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