Speculations are rife in the local media about MTN's next move after the failure of talks with two Indian entities RCOM and Bharti Airtel for a possible merger, with some saying that the South African telecom major might now target other telecom operators from India.
India set to become hub for clinical trials
The latest company to seek a fortune in India's rural markets is Google. It is developing with local vendors a simpler search engine, as well as content tailored to the needs of rural users.
India on Monday set aside over Rs 7,100 crore in its budget for 2021-22 as development assistance for countries in its neighbourhood as well as in Africa and Latin America, with Bhutan getting the maximum allocation of Rs 3,004 crore while Rs 100 crore will be given to Chabahar port project in Iran.
Patil arrived in the Chilean capital Santiago from Mexico Sunday night. The two nations would be inking four projects which also include an agreement on science and technology and increasing cooperation on Antarctica.
After her inaugural speech at the reception hosted in her honour, the organisers of the function, possibly surprised at an early end of the meeting, asked all those who had gathered to line up for a photo op with Patil.In no time, the entire hall at a five-star hotel saw people queuing up for the photo-op, taking her security personnel by surprise. After nearly 30 minutes, the organisers, unable to cope up with the rush, decided to end the impromptu event.
In a sectoral analysis of exports, the Confederation of Indian Industries said India needs to become among the top three exporters in the world in four sectors -- textile, leather, gems and jewellery and engineering. It said exports to new markets of Latin America and Caribbean and Africa should be given a push for achieving the $500 billion by 2013.
Bajaj three-wheelers outsell Chinese three-wheelers in Peru. The Pulsar is number one in its category. Nikhil Lakshman discovers in Lima that even though the Chinese are far ahead in investments in Latin America's fastest growing economy, Indian manufacturing and IT are holding its own.
Oil rich Venezuela, which has been lobbying for the non-permanent UN Security Council seat for a long time, distributing huge amounts of aid among African, Asian and Caribbean nations. But it is vehemently opposed by the United States.
From Latin America to West Bengal, it is Communism that binds. Venezuelan President Hugo Chavez has sent a cheque for Rs 11.91 lakh to construct a new building of a school in North 24 Parganas district in West Bengal. Chavez, a man of strong words and actions, promised during a visit to West Bengal in 2005.
The waves are usually triggered by seismic disturbances -- coastal earthquakes, volcanic eruptions or undersea landslides -- that jolt the ocean floor.
The world's biggest industrial conglomerate General Electric is undeterred by a slowdown in the US economy as the group expects any weakness in the home market to be offset by fast growing sales in countries like India and China. Unfazed by the weakness triggered by the subprime credit crisis, Immelt said: "outside the US, particularly in China and India, economies appear strong. In the world as a whole, there is still a lot of liquidity."
Owing to increased demand by Americans, the Gems and Jewellery Export Promotion Council expects a 35 per cent increase in jewellery exports to the US at $5.88 billion this fiscal.
TCS Vice-President (Business Development) Mario Tucci has been appointed as the country manager of the new unit which comprises a global delivery centre and regional training centre in Montevideo and an extension unit in Buenos Aires.
Wipro Technologies, the global IT services division of Wipro Limited, has been rated as a top leader among offshore service providers by industry analysts IDC in a comprehensive study of 21 offshore players around the world.
Though the global M&A volume has reached a whopping $3 trillion mark, it represents a decline of 22 per cent from its year ago period, as all regions except Latin America reported decreasing M&A volume, according to data compiled by deal tracking firm Dealogic.
Tata Consultancy Services, the country's biggest software exporter, on Monday said it is eyeing up to 150 deals ranging from $5 million to $200 million in the financial solutions space over the next 12-18 months.
Strong demand from Europe, Canada and Latin America pushed the sale of personal computers by 15 per cent to 39.7 million in the second quarter of 2004, according to a study.
'The expansion of the Security Council should be seen in the context of overall reforms of the United Nations, which would make it more effective and efficient and give strong legitimacy to its decisions.'
Brazil has emerged as India's largest trading partner in Latin America with bilateral trade crossing the record $ 2 billion mark in 2006
Tata Consultancy Services said on Wednesday it has set up a global delivery centre in Mexico as part of its plan to expand operations in Latin America and will hire 500 people for the purpose this year.
The Delta flight DL 185 will leave Mumbai at 1.05 am and reach Atlanta at 8.30 am (the next day) while the flight DL 184 will depart Atlanta at 7.15 pm and arrive in Mumbai at 10.35 pm (the next day). It would be a 17-hour, 55-minute non-stop West-bound flight.
In a bid to tap the potential in Latin America, Glenmark Pharmaceuticals Ltd has acquired Brazil-based Laboratorios Klinger, ranked among the top 50 in that country, for $5.2 million.\n\n\n\n
India's carpet export rose by 22 per cent to $3.60 million (about 17 crore) in June year-on-year on account of good orders from the US and Europe.
The All India Bank Officers' Confederation, the apex level organisation of bank officers, has demanded that RBI's proposal to amend the Banking Regulation Act to raise the cap on voting rights beyond the present 10 per cent be dropped.
Chinese companies invested $3.62 billion in non-financial sectors overseas in 2004, an impressive growth of 27 per cent year-on-year, the ministry of commerce said in Beijing.
Starbucks' new Indian-origin CEO Laxman Narasimhan has said he will work as a barista once a month in stores to stay close to the company's culture, customers, challenges and opportunities.
British Prime Minister Tony Blair has come out strongly in favour of India's candidature for a permanent seat in an expanded United Nations Security Council, but the US appeared to be lukewarm to the idea "at this point".
IT major Infosys Technologies said on Thursday it would soon open a 200-seater BPO facility in Mexico, its first in Latin America, and is also looking at other countries to start such units.
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