The Nathu La pass, which will open for border trade between India and China on July 6 after 44 years, may soon become an alternative to sea route with the government studying the possibility for normal bilateral trade through the land route.
If you are good at drawing up business plans, you must get yourself enrolled for the Business Plan Competition organised by Jasubhai Digital Media.
Reliance Industries Ltd announced on Tuesday a big-ticket expansion in retailing business, which would have presence in 1,500 cities across India at an investment of about Rs 25,000 crore (Rs 250 billion) generating over 1000,000 new jobs.
Flying high on the country's aviation industry boom, Indian Oil Corporation expects to continue its double digit growth in the aviation fuel business despite the entry of Oil and Natural Gas Corporation into the segment.
The company has established a subsidiary Jyothy Fabricare Services Ltd for the purpose, its Deputy Managing Director Ullas Kamath told reporters in Bangalore on Tuesday. It would provide premium service through Fabric Spa in June. To begin with, the venture would comprise one main service station, five quick service stations and 25 collection and delivery stations here, he said.
Majority of the revenue for the Indian IT industry continues to come from low value addition jobs like manpower provisioning and low-end support services, Modi said in Bangalore at the ICT event Bangalore IT.biz. Modi stressed that the IT industry has to reinvent itself, must focus on innovations, and on systems rather than being comfortable with services.
Satyam's director Tarun Das had earlier said that the company had been approached by Indian and international IT companies and that the board would decide on it. Reports have suggested that engineering major L&T has expressed interest in acquiring Satyam, while Tech Mahindra is interested in the telecom business of the Satyam group.
With these signs of waning appetite, the hotel industry plans for lesser number of food festivals and chalking out strategies to whet the appetites of their patrons again.
During the visit organised by the UK India Business Council and UK Trade and Investment, 129 delegates, including business leaders Vittorio Colao, CEO, Vodafone; Lord Meghnad Desai, noted NRI economist; Terry Hill, chairman, Arup; Evelyn de Rothschild and Gerry Grimstone of Standard Life will visit New Delhi, Pune and Mumbai.
With globalisation, the demand of third party logistics business, a western concept, is catching up in the country as Indian firms 'which are eager to expand in new markets' are turning towards it for better management of their supply chain processes, the chamber said. 3PL cuts conventional logistics costs and helps tackle more complicated tasks, he said. Currently, the size of the business is estimated at $58 million.
The British auto industry is expected to witness 40,000 job losses over the next three years, mainly due to falling demand for cars, says a media report.
Continuing its upward march that began in 2001-02, the Business Confidence Index for October-December 2005 touched 151.4 points from 146 in July-September 2005, NCAER said in its report. \n\n
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According to financial information provider BluFin, this slowdown threatens the fragile economic recovery.
Qi Lu would join as president of online services group to lead its search and online advertising and all its online communications services, Microsoft Corp said. He would report to Microsoft chief executive officer Steve Ballmer, the statement added.
Gold jewellers in Mumbai lost Rs 1,200 crore (Rs 12 billion) of business during the terrorist bloodbath that engulfed the metropolis from Wednesday to Saturday, a top industry official said.
In a bid to diversify their risk in the backdrop of a US slowdown and a fallout from the sub-prime crisis, which has affected the BFSI sector, Indian business process outsourcing units have begun training their sights on the domestic market. The deal sizes for the BPO segment have increased to $5-50 million from just a few hundred thousand a year ago.
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As the Budget 2008 gets ready to unfold, find out how much you know about the man behind it. Take the Rediff Business Quiz on Finance Minister P Chidambaram.
Estimates and bid amounts available in the public domain show that ESPN Star Sports is now sitting on nearly 1,400 days of international cricket matches over the next ten years for which it has paid nearly Rs 9,380 crore. In other words, the broadcaster will offer viewers roughly 140 days of cricket every year. And it has acquired each match-day at an average cost of Rs 7 crore, which the industry says is cost-effective.
According to sources, the proposal regarding 'grant of approval to the transfer of shares by the FM radio company for the purpose of demerging the radio business has been submitted to the Cabinet for its consideration. Over a dozen private FM radio operators, including Reliance ADAG's Big FM, will stand to benefit from this move, experts say.
When Kashmir willow sees biz boom and cricket raises Afghan hopes
Diversified conglomerate Future Group's e-commerce venture, futurebazaar.com, has revamped its online business portfolio and expects an around Rs 1,000 crore (Rs 10 billion) revenue over the next 18-24-months, a top company official said.
Vineet Kumar was the naughtiest kid in school -- and that was only three years ago! Today, at the age of 18, he is the CEO of the National Anti-Hacking Group, advising the Indian Army and corporates on how to safeguard their Internet interests.
The 'BluFin Business Cycle Indicator', which reflects various macroeconomic trends on a monthly basis, stood at 166.3 points in May, 5.8 per cent higher compared to the same month last year, suggesting that the Indian economy is growing at a faster rate than the previous year.
At a time when investors are taking a "wait and watch" approach on fresh investment, Tamil Nadu in the past 10 months has signed 63 MoUs, enabling investment worth Rs 19,083 crore. After Palaniswami took over as chief minister in February 2017, cumulative FDI rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion by June this year. Thanks to the Tamil Nadu Business Facilitation Act, 2018, and the single window for applying and getting clearance for doing business, the ease of business issue has been addressed.
Phishing has become a rampant way to dupe online users. Here are a few tricks to protect your online identity and banking details.
World's largest chipmaker Intel on Monday announced its plan to acquire Infineon Technologies AG's Wireless Solutions business in a cash deal worth about $1.4 billion.
The minister will meet education sector and senior business representatives to take forward dialogue as part of the broader consultation process on the UK's immigration policy.
The board of directors of Mahindra & Mahindra on Tuesday approved the transfer of the transport solutions group and light commercial vehicles businesses to a separate company.
Nasscom chairman Ganesh Natarajan on Bill Gates' legacy.
Infosys Technologies, India's second-biggest software developer, said it plans to raise the share of its revenues from Europe to counter a slowdown in the US, the world's biggest economy, which fetches it about 60 per cent of its sales.
Nariman Farvardin, senior vice president for academic affairs and provost at the University of Maryland, who made the announcement at the conclusion of a national search, said, "Anandalingam, who will succeed Howard Frank, takes over the Smith School at a time when strong leadership and vision are needed to implement the university's bold new strategic plan, which charts a course for Maryland to be one of the world's best universities within 10 years."
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