Alibaba will acquire 25 per cent stake in One97 Communications.
In India, it is fighting a pitched battle against Ola.
The company had a total debt of Rs 16,010 crore (Rs 160.1 billion).
An MBA from Harvard Business School, Rishad, 32, joined the company almost two years ago as a business manager in the Banking and Finance division, which was then headed by Girish Paranjpe, the present joint CEO of the company's IT business. During his stint with GE Capital, Rishad was working in the treasury. Industry analysts say that Wipro is adhering to corporate standards, by treating the chairman's son at par with other employees.
Mjunction plans ventures for chartering ships and selling tea to businesses.
BlackBerry had launched Z10 and a Qwerty device Q5, powered by its latest BB10 operating system, with a lot of fanfare.
India and the 10-member-group signed the landmark agreement on Thursday in Bangkok. Malaysia International Trade and Industry Minister Mustapa Mohamed said 71 per cent Malaysian goods would enjoy duty-free access to India by 2013 and another 9 per cent by 2016, while tariffs for the remaining 10 per cent would come down to 5 per cent.
It will be the second FM radio operator to have listed on the BSE, after Entertainment Networks India Ltd that operates its radio business under the Radio Mirchi brand.
Dell India on Tuesday dismissed reports that it was shifting its technical support service for its business customers from Bangalore to the United States.
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
India's biggest real estate developer is considering a major human resource redeployment to boost efficiency and productivity. This may lead to a further reduction in its workforce at several recession-hit businesses, which the company denied. DLF plans to restructure verticals such as homes, offices, retail, special economic zones, hotels and infrastructure. At present, all of them have separate human resources, accounts and marketing departments.
Partha Chatterjee said the Tatas have 'love for the people'.
Agriculture co-operative Nafed on Wednesday said its businesses and expansion plans will be impacted if monsoon remains erratic and pitched hard for interest-free loans of Rs 1,200 crore (Rs 12 billion) from the Centre to erase bad debts.
A separate feed of UTV Movies, tailored for the US market, is being beamed out of India and is being delivered through BT's network, BT said. The communications solutions provider has signed a similar contract with NDTV for distributing its business and lifestyle channels -- NDTV Profit and NDTV Good Times.
Renderlogy, an interior designing technology start-up, has a few initial hurdles to overcome before scaling and plunging into the larger market.
Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
Strong risk management systems, a diversified loan portfolio and an impeccable track record make HDFC a safe bet.
French dairy major Groupe Danone and Mumbai-based Wadia Group on Tuesday gave the finishing touches to a pact to end their 13-year-old joint venture for running Britannia Industries, India's largest food products firm. With it, they buried their bitter intellectual property disputer over the Tiger brand.
De Beers does not expect any recovery in demand for diamonds until Christmas next year at the earliest and is planning to cut production drastically.
India's second-largest IT services firm, Infosys Technologies, has set up a separate unit within its business process outsourcing arm (Infosys BPO) to concentrate solely on the domestic BPO market.
The company will structure its services under four business segments -- Data, voice, WiMax and National Long Distance services -- that would help it increase focus on customer segments and improve revenue generation. The group will realign operations of Reliance Globalcom (formerly Flag Telecom), Reliance Globalcom Services (earlier acquired Yipes Enterprises) and Reliance Vanco Group (formerly Vanco Group) under the four proposed verticals.
The pornographic app would have enabled Google Glass wearers to watch pictures and videos filmed using the Glass, helpful for one-on-one interactions between adults possessing Glass, the CNN reports.
India has slammed the "indifference" of some UNSC towards restraining terrorists, saying it has questioned the Security Council's ability to combat terrorism.
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
Wipro Infotech, the India and West Asian IT business of Wipro, aims to use its data centre platform to offer a host of services, including cloud computing and software as a service (SaaS) on a pay-per-use model, Anand Sankaran, senior vice-president told Business Standard.
To add 1,500-2,000 people in the next 12 months.
Banks will need more funds, as they have to provide more capital.
Two brothers have begun collaborating in certain businesses.
Mixed martial artists sued the Ultimate Fighting Championship league, alleging the business has a monopoly on the professional fighting market and limits the potential earnings of its athletes.
Aruneel Sadadekar/Rediff.com lists seven memorable moments from the week gone by in IPL 9.
Many investors clearly think they can play this game.
ITC, the cigarettes-to-hotels conglomerate, has recorded a 26 per cent increase in net profit at Rs 1,009 crore in the quarter ended September 30, from Rs 802 crore in the same period last year, led by revenue growth in almost all its businesses, except hotels. Net income grew 18 per cent to Rs 4,345 crore, up from Rs 3,682 crore in the same quarter last year.
iPhone sales in India were up by 56 per cent during the period.
Flipkart's valuation of $15.2 bn arrived at during latest round of $700-mn fund raise.
On February 18, CEO Kunal Das Gupta had put in his papers. Company sources say around a dozen senior executives also resigned with Almeida on Thursday. Based on viewership ratings, Sony TV is currently a distant fourth in the rankings of entertainment channels, behind Star Plus, Colors, and Zee TV.
The payment of $1,90,000 to a high-profile lobbyist firm in Washington, BGR Holding, was made by RIL in the first quarter of 2009, and is the first instance of any lobbying by the Indian company with the US lawmakers.
GSK India, which has a turnover of Rs 1,751 crore (Rs 17.51 billion) and launched a cervical cancer drug, Cervarix, and breast cancer drug, Tykerb, last year, plans to launch Promacta, the first oral medication to increase platelet production for people with serious blood disorder, from its parent stable during the current year. Promacta is a relatively new drug, for which approval was given by the US Food and Drug Administration in November last year.
The crux of the problem it appears is one of "trust" and the perception that a unilateral decision was taken by the board, allegedly to favour Raju's sons' companies.
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