Driven by strong adoption of cheaper smartphones and affordable data plans, the number of mobile Internet users in India is expected to reach 213 million by June this year, says a report.
Zomato acquired US-based rival Urbanspoon for about $60 million in one of the biggest overseas deals by an Indian startup
According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
With their home markets in turmoil, large global investors such as Blackstone, Carlyle, Morgan Stanley, JP Morgan and the Government of Singapore Investment Corporation are actively scouting for and signing deals in the Indian property sector.
Facebook CEO Mark Zuckerberg recently announced that the company had passed the one-billion user milestone globally, making it the first social network to do so.
According to the study, over the last five year GSHIS have contributed to a significant increase in the population covered by health insurance in the country.
The company will have 9 mn sq ft of property for sale in the second half of 2012-13, which is three times what it sold in the first half.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
Tesco proposal entailing investment of $110 million has been cleared, sources said after the FIPB meeting held in New Delhi.
He noted that the current crisis was triggered by a confluence of factors including increased use of biofuels, surging demand for agri products due to population and economic growth in emerging markets and inadequate supply of cereals -- which is at its lowest levels in three decades. Further aggravating these problems are restrictive protectionist measures taken by some exporting nations, speculation on futures markets and high prices of agricultural inputs, he added.
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
The organised sector in India has created 739,064 jobs between January and September 2010 and 394,700 more jobs are estimated to be added in the current quarter, according to MaFoi Randstad Employment Trends Survey (METS), an HR services company.
The consortium beat six others at an auction on Thursday
India's foreign exchange reserves declined by $525 million to reach $1,19,407 million mark for the week ended June 25.
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
The US company will provide equipments for BSNL's network expansion in southern India aimed at adding 2.3 million subscribers in the region, it said in a statement. Under the terms of the contract, Motorola will ship GSM network equipment and provide a network services programme, including both software and hardware support, the statement added.
GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.
Growth in daily active users was across major markets including Brazil, the United States, and India.
For Facebook CEO Mark Zuckerberg, who visited the country for the first time in October, India might be one of his "priority markets".
India-born former Goldman Sachs director Rajat Gupta has asked a US appeals court to overturn a court's ruling that he pay a hefty $13.9 million fine in the insider trading case and sought reversing a life ban on him from serving as director of a public company.
With the retail and construction sector expanding their IT infrastructure in the country, the overall revenue of the servers, a data storage device, touched $727 million (about Rs 2,903 crore) in 2007 recording a 24 per cent increase over 2006, a report said.
Leading contract drug maker Jubilant Organosys on Friday announced the acquisition of Canadian speciality drug company DRAXIS Health for $255 million (around Rs 1020 crore). The board of DRAXIS has given its unanimous approval and the transaction is expected to close in the second quarter of 2008 after the necessary shareholder and court approvals.
Infosys, the nation's second largest software exporter, on Wednesday paid a record $34 million fine to settle a visa row in the US.
His position in India's 100 richest list by is 11 places down to 84th.
NRI owned pharma firm Goldshield shelled out 1 million pounds as it was accused of being a part of the cartel fro price fixing.
Over $2 billion were added to the total reserves in the previous reporting week.
Shortage of top engineering talent in Silicon Valley is inflating paychecks.
Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.
TCS will deliver application maintenance and support services to Chrysler. The IT services initiative will encompass a portion of the functional areas within Chrysler such as sales and marketing and shared services.
Foodgrain stocks held in government godowns amounted to 50.2 million tonnes at the start of the current month, according to the latest data from the Food Corporation of India.
Under Glenmark's 2004 collaborative deal with Forest, the latter had the right to develop and sell the asthma and chronic obstructive pulmonary disorder drug in North America for an upfront payment and additional fees for each developmental milestone that could total $190 million in all. Upon commercialisation, Glenmark will retain the rights for selling the drug for the rest of the world while Forest will continue to sell the drug in North American.
After three months of continuous upsurge, India's foreign exchange reserves recorded an outflow of $698 million to $103.12 billion during the week ended January 16, 2004.
The Asian Development Bank (ADB) has approved $700 million in loans to support the Indian government's efforts to accelerate investment in infrastructure which the country requires to ensure strong economic growth.
The US Eximbank is believed to have sanctioned $910 million in loan guarantee towards equipment to be supplied to Anil Ambani Group's Rs 20,000 crore (Rs 200 billion) power project in Madhya Pradesh, India.
As the lead underwriter responsible for Facebook's IPO, Morgan Stanley, would receive the largest chunk of those profits arising from stabilising Facebook's stock price, the report said citing a person familiar with the matter.
Key executives in Kingfisher Airlines and Air Deccan, which announced merger plans on Wednesday, said the merged company has plans to almost double its fleet from 80 to 158 aircraft over the next five to seven years and raise $250 million through equity infusion to finance its immediate expansion needs.
This marks an increase of about 50% from previous year.
The report notes that growth of internet users is primarily driven by the number of people, who have the know-how, use a computer unaided has grown to 65 million from 15.8 million in 2000. Besides, 70 per cent computer literates have used the internet some time or the other in their lives.
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