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.
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.
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.
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.
'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.
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
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.
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.
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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Trend Micro on Tuesday issued a medium risk alert for worm Bagle.X to warn users against this latest worm variant, which has been sighted in France, United Kingdom, United States and Latin America.
UPL, the country's largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. While the overall volumes were down 7 per cent, prices fell by 15 per cent. Volume decline in the European market was on the back of high channel inventory and product bans while in India the fall by 27 per cent was on account of muted demand for segments such as cotton and pulses.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
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.
Media and language skills of the new pope will be more important than ever after a globe-trotting multi-lingual Pope, said a media report. Mumbai's archbishop Ivan Diaz knows 16 languages.
The Asia Pacific region accounts for 15 per cent of the global ad revenues for the company and India accounts for over 10 per cent of this share.
Hamid Ansari on Friday left for Lima on the first-ever visit at the Vice Presidential level to mineral-rich Peru and Communist Cuba as part of India's thrust towards Latin America.
The shut down, says the company, has been prompted by the increasing abuse of chat rooms by paedophiles and spammers.
US and European companies plan to increase the sourcing of goods and services from low-cost countries, including India, by 85 percent within the next 2-3 years, according to a study by global consultant Accenture.
Sub-Saharan Africa is home to 183 million hungry people while China comes next with 119 million, the Rajya Sabha was informed.
