Reliance Infocomm Ltd and Xavier Institute of Management, Bhubaneshwar have jointly launched an e-learning platform to offer post-graduate courses through virtual classrooms in over 110 cities through 240 Reliance WebWorld outlets.
A separate law for faster enforcement of high-value business contracts is on the anvil. The aim is to boost the business and investment climate in India, a country that many perceive is bedevilled by difficulties in doing business.
Auto sales continued to break record for the fourth consecutive month in October, with total vehicles sold in the country last month stood at 14,60,655 units.
As Air Force One landed in India's financial capital with promises of bonding between the United States and the country in many sectors, one of the key people missing from Barack Obama's 200-member business delegation was, The Dow Chemical Company chief.
The US Federal Reserve on Wednesday surprised the markets by saying it will continue with its monthly $85-billion bond buying programme and wait for more evidence of growth recovery.
Over a third of Ambani's speech was focussed on RIL's plans.
Bharat Petroleum Corporation (BPCL), the country's second largest oil marketing company, plans to diversify into bottled water and direct to home (DTH) services in an attempt to boost its profits.
Welingkar Institute of Management Development & Research introduces a master's level Post Graduate Diploma in Business Administration through the distance learning mode.
Sanjay Jha, NowPublic's South Asia Bureau Chief, won the award for television programme 'India's Promise', along with PBS Nightly Business Report colleagues Steve Washington, Darren Gersh and Dana Greenspon. "It is a tremendous honour to be the first Indian recipient of the highly-coveted Loeb Award," Jha said.
The Faculty of Management Studies (FMS) launches the All India Business Paper Contest, TAKSHA
One of China's leading mobile phone manufacturers will launch the country's first cell phone with an inexpensive fingerprint verification system, which will allow Internet based e-transactions.
The board of directors of Novartis India has approved a proposal to sell the Rifampicin bulk drug business, together with its Mahad facility, to Sandoz for Rs 30.77 crore (Rs 307.7 million).
In a move aimed at enhancing the bilateral economic ties, India and Germany will set up a hotline facility for speedy resolution of business visa related issues.
The one with the curious name is the runaway leader, setting benchmarks in programming, standardisation and localisation. It doesn't hurt to be part of a formidable family.
Chinese computer giant, Lenovo is attempting to take over global information technology giant IBM Corporation's personal computer business operations, media reports said in Beijing on Tuesday.
Subhash Chandra-promoted Zee group on Friday said it would launch a full-fledged Hindi business news channel from November 30.
Today, bookMyShow is India's premiere online ticketing site, having sold movie tickets worth Rs 6.21 crore (Rs 62.1 million) for Avatar and Rs 9 crore (Rs 90 million) for 3 idiots early this year.
It is Aditya Mittal, son of steel tycoon Lakshmi Mittal and CFO of ArcelorMittal, who persuaded his father to accept a shareholding of below 51 per cent in the company post its takeover of European giant Arcelor. Before Arcelor takeover, Mittal family held an 88 per cent stake in Mittal Steel. Aditya, who visited a steel plant first at the age of eight, joined his father in early 1997, after working for less than a year as an investment banker at CSFB.
PIOs have also emerged among the most powerful businessmen of their respective sectors, led by the likes of steel tycoon Lakshmi Mittal and telecom titan Arun Sarin. While Mittal, recently named UK's richest persons for fourth year in a row, has been identified as the fifth most powerful in the UK manufacturing business, Sarin has beaten all to grab the top slot in the 100 most powerful persons list for country's technology and telecom sector.
The Indo-US Business Confidence Index, carried out by the Indo-American Chamber of Commerce, has dipped to 217 at the end of 2007, compared to 219 in 2006 and the decline was attributed to deceleration in the growth of export of services from India due to appreciation of rupee and slowdown in the US economy, according to latest index released on Monday.
A high level Pakistani delegation consisting of management gurus and representatives of major companies will take part in the first ever Indo-Pak HR Partnership Summit to be held in New Delhi from Thursday.
The meeting, on the sidelines of the Annual Spring session of the International Monetary Fund and World Bank, will happen within a couple days of about a dozen US industry associations writing to the US Treasury Secretary to take up the controversial move by India to amend the Income Tax Act with retrospective effect.
Regulator Irda has permitted corporations owning general insurance business to set up their insurance broking companies. Business houses promoting insurance broking companies, Irda said, would have to give an undertaking that the clients of the company will not be "compelled to use the broker for their insurance requirements". Also the insurer will not favour its brokers in any form, be it in terms of providing more remuneration or laying down terms favouring it, Irda said.
IndiGo has withdrawn all content from MakeMyTrip, and Jet Airways has drastically reduced its inventory on the site.
UTV Software Communications has launched an English business news channel, UTVi. The channel will go on the air by April-end. The company has entered into a content tie-up with Disney-ABC International Television (Asia-Pacific), the international TV distribution arm of The Walt Disney Company, for news programming & services. The channel is positioned to cater to the growing business aspirations of young Indians. The channel will attempt to de-jargonise the financial markets.
The value-added feature would provide additional revenue stream for the company and it expects about 10-20 per cent of its two million customers to use this facility. The technical services are available for a free introductory 7-day trail period to the existing users. Thereafter, this service is available to users at a nominal subscription of Rs 99 for 3 months and for one year subscription, the fee would be Rs 299.
In its efforts to thwart Microsoft, IBM had unveiled Lotus Symphony a few months back, challenging the former's dominance in the office desktop software market. The package includes a word processor, spreadsheets and a presentation suite. Edward Orange, director, Lotus Business Unit (Software Group), IBM Asia-Pacific, said, "Since it's free, Lotus Symphony is a formidable challenge to Microsoft's new Office 2007 suite in the market for Windows-based productivity software."
ATC, through Transcend, had entered into a definitive share purchase agreement with three companies of the Essar Group to acquire the entire issued share capital of Essar Telecom Infrastructure Private Ltd.
The Reserve Bank of India (RBI) has issued a restricted banking licence to American Express Bank (Amex) to conduct credit card and travel-related businesses in India.
The point is that the Ambanis are not in a business league of their own; they have plenty of company. Other leading business houses have done well, often better, says T N Ninan.
The Hongkong and Shanghai Banking Corporationon Friday announced it will acquire the Indian business of Royal Bank of Scotland worth $1.8 billion, a move that will help the British giant gain greater exposure in the country.
The controversy in the United States over outsourcing work in India has led to more business for the country from America and elsewhere as it has highlighted its low cost and expertise, media reports said.
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