'We have not seen too many large deals compared to last quarter.'
Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins - a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand - and it has also drawn up plans to launch its snacks brand targeting the southern market. The company will focus on the southern market and is in the process of launching its own brand in the fast-growing ready-to-eat and snacks segment, Wipro Consumer Care and Lighting and managing director Vineet Agrawal told PTI. He further said Wipro Consumer Care and Lighting would take the acquisition route for expanding in the spices segment.
The money sent home by Indians from West Asian countries took a beating in 2020-21 due to the pandemic. On the other hand, overseas Indians in advanced nations - the United States, United Kingdom and Singapore - emerged as important sources of remittance, according to a Reserve Bank of India (RBI) survey. Indians working in informal sectors in West Asia seem to have been impacted the most due to the lockdowns and subdued crude oil prices as well as slower pace of migration in recent years.
According to the officials of Tirumala Tirupati Devasthanams, one of their sanitary workers was badly injured due to the storm and calamitic conditions in the state.
As the storage level touched 3,000 million cubic feet in the Chembarambakkam reservoir as against its full capacity of 3,645 Mcft, authorities on Wednesday began releasing about 1,000 cusecs into the Adyar river as a precautionary measure.
The action against Kumaran Silks in the heart of the city came after a video purportedly showing a huge crowd in the shop went viral, with many on social media platforms expressing concern over it.
In a statement, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the statements made by the BJP spokesperson, saying it insulted Prophet Muhammad.
IPL franchise Chennai Super Kings extended support to the people of Tamil Nadu in the fight against the surging COVID-19 second wave by arranging for the delivery of 450 oxygen concentrators.
Cash-rich Gulf countries are expected to pump US$ 102 billion investments into the Indian real estate sector in the next ten years, a growth of about 630 per cent from the present US$ 14 billion, a report by Kuwait Investment Company (KIC) said.
With rapid adoption of emerging technologies, the Information Technology and Business Process Management (IT-BPM) industry is expected to generate about 3 lakh jobs this fiscal year, according to a report. The IT-BPM workforce is on the trajectory to grow 7 per cent in FY23, with the overall headcount increasing from 5.1 million to 5.45 million (close to 3 lakh jobs being created), the report by TeamLease Digital, the specialised staffing division of TeamLease Services said. The 'Digital Employment Outlook Report for H1-2023' highlighted that the demand for digital skills will grow 8.4 per cent by the end of this fiscal year.
Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.
An interesting multi-cornered contest is on the cards for the urban local body elections in Tamil Nadu scheduled for February 19 with opposition parties, which were with the All India Anna Dravida Munnetra Kazhagam till a few days ago, set to take on the ruling DMK banking on their respective party's own strength.
Asserting that the present situation is not alarming, the minister said the emphasis should be more on COVID-19 appropriate behaviour and people should come forward to get vaccinated to shield themselves from Coronavirus and its variants.
With the owners one after the other parking their vehicles, the bridge was lined up with swanky cars on both sides of the overpass presenting a never before seen spectacle, civic workers said.
Why should India buy olives from Europe when it could do so from the world's largest producers?
A gated community in Sholinganallur in Chennai has emerged as the second major Covid-19 cluster, seen as different from the first one at Kilpauk which was a religious gathering.
The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires.
Key economies like India and China are rapidly becoming the biggest trading partners of the Gulf countries as compared to other regions, a new study has said.
During the discussions attended by Simon Williams, Chief Economist at HSBC, Chirag Shah, Head of Strategy and Corporate Planning at DIFC Authority, and Yousef Bazian, Head of Corporate Finance at PwC in the Middle East, a consensus emerged that the Gulf region has achieved considerable non-oil economic growth.
GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates.
The unemployment rate in the GCC reached 8.8 per cent in 2009 and is expected to increase to 10.5 per cent this year, said the report titled 'GCC Unemployment: Sustainable Economies'.
Saudi Arabia, the world's leading oil producer, is planning to invest $80 billion to increase its oil output to 12.5 million barrels per day (bpd) and expand its refining capacity by 43 per cent to six million bpd within the next few years.
India is vigorously pursuing for a free trade agreement with Gulf countries, Finance Minister P Chidambaram said on Monday.
The four million expatriate Indians in the six Gulf Cooperation Council states remit an incredible $5 billion annually, a study shows.
Its promise has fallen short before the onslaught of the votaries of the old order and ruthless extremist forces, notes Talmiz Ahmad.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
The ICC is expected to contest the claim, which could lead to long-running legal action.
The government allowed qualified foreign investors (QFIs) from six member-countries of the Gulf Cooperation Council (GCC) and 27 countries of the European Commission (EC) to invest in the Indian capital market to enhance foreign capital inflows.
According to Nouveau-Nikolajsen, economic uncertainty and currency fluctuations have led to growth in the global forex market, where the daily turnover is estimated at $4 trillion, three times as much as the rest of the financial markets combined.
A seven-city European roadshow by the Abu Dhabi Tourism Authority (ADTA) looks certain to reap dividends by the end of the year, even as Emirate plans a similar event in India.
'NRI interest has gone up in the past three-four years.'
A survey by the Arabian Business weekly magazine shows that Landmark boss, Mr Micky Jagtiani, now has close to $1.5 billion more than his nearest rival in the wealth stakes, New Medical Centre Group boss, B R Shetty, who was second with a $1.72 billion fortune.
Trump, who has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of fraud, announced on Twitter on Tuesday that he has fired Christopher Krebs, director of the Cybersecurity and Infrastructure Security Agency (CISA) at the Department of Homeland Security.
Out of the 6,000 retailers showcasing their products, 60 per cent are jewellery retailers.
Hyderabad-based pharma company Aurobindo Pharma, which has plans to emerge as a billion dollar company by 2009-10, is enhancing its presence in Europe by investing $100 million in phases. The company is likely to buy two pharma companies worth Euro 10 million each, open offices in 10 countries and establish a packaging, warehouse and manufacturing hub in Malta.
Foreign nationals from 162 countries ended up buying real estate in Dubai in 2013
The Gulf Cooperation Council will consider a proposal to define a time-frame ceiling for residency of the workers in member states. The proposal says after the expiry of the six year-contract, the worker will go back home to his original country.
Gulf expatriates are facing the woes of rising costs of living and many are considering job shifts and even migration to manage finances.
The west Asian region remained the top destination for India's consumer electronics goods last year with exports doubling to $175 million in 2005-06, from $90 million of 2004-05.
There are worrying signs that the resolve to continue adhering to the dos and don'ts of the times -- physical distancing, wearing masks and maintaining hygiene protocol - is flagging. This recklessness, more evident ahead of Diwali, may lead to a resurgence in novel coronavirus infections and stall the progress in curbing the disease, the experts said.
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