The IT-BPO industry in India has achieved impressive growth rates over the past decade and stood at $71.6 billion in 2009, said the report prepared by KPMG and Asian-Oceanian Computing Industry Organisation.
Tourism secretary Sujit Banerjee said the government is going for single window clearance system for hotel industry and all formalities including the preparation of cabinet note for the proposal has been finalised.
NYT has placed Mysore as the 4th best city among the 31 places to visit in 2010 under tourism.
Security was tightened at the various facilities of Anil Ambani-owned Anil Dhirubhai Ambani Group in Andhra Pradesh after mobs attacked the group's offices in five districts of the state on Thursday.
The company is also aiming to increase its market share in the 150cc motorcycle segment to 25 per cent by the end of this year from 15 per cent at present.
The 21 entities, which hit the market with their initial public offers, have raised as much as Rs 19,000 crore (Rs 190 billion), the highest ever in any year, according to primary market tracking firm Prime Database.
In the first nine months of 2009, FDI dipped by 26 per cent to $21.4 billion from $29 billion a year ago. The total FDI inflow into India since 2001 crossed the $100 billion mark.
Although the United Progressive Alliance government returned to power, minus the push and pulls of Left parties, it decided to keep western multi-brand retail chains off from the country's $450-billion retail market.
Europe's largest car maker, Volkswagen AG, today started production of its small car Polo at its plant in Chakan near Pune. Stating that the company would launch a saloon by the middle of next year, Volkswagen AG said it was aiming for a 10 per cent share of the domestic auto market in the next four to six years.
Bharti Enterprises vice chairman and managing director Rajan Mittal said most of these will be Easyday stores.
The GM-SAIC tie up follows GM India-Reva collaboration to launch electric vehicles in the market.
Daimler would introduce lightweight trucks from Mitsubishi Fuso stable in the Indian market by 2010 as part of its expansion strategy in the country's auto mart.
'A nation that has no long-term strategic intent, and whose leaders can be easily manipulated through flattery, is a banana republic. Unlike China, which intends to rule the world, India, which can only imagine itself as a second-rate power, will remain one.'
With consumer spending in the US and Europe recovering, many retailers, who typically place orders four months in advance, have started revisiting their suppliers in India.
Today, the chairman of Vishal Retail is eagerly waiting his date with the Corporate Debt Restructuring cell of lenders in the third week of November.
Wal-Mart chief S Robson Walton met Prime Minister Manmohan Singh and Sharma last week and discussed the foreign direct investment scenario in the retail sector in India.
Will consider extending full support after reviewing the situation, says Sharma.
Developers are tweaking their business model by launching smaller apartment sizes and playing the volume game to keep prices low and create buyer interest.
Blunt manners, a willingness to adapt to local surroundings and the love of adventurous, attacking soccer make Dutch coaches favourites around the world.
Lata Mangeshkar has sung for a wide range of actresses. Her songs include evergreen classics and popular chartbusters through the years. The singing legend turns 80 today, September 28. We celebrate the veteran with some of her unforgettable songs.
Bharti Retail, a subsidiary of Bharti Enterprises, on Monday said it will increase the head count to 60,000 by 2015 from 2,000 now as it has set a target to become a $1-billion company by then.
The Daily Express quoted Tan Lin, an official with the business administration office at the Tourism Bureau of Tibet, as saying that foreign tourists would be banned from entering Tibet, but added that those who have already arrived would be allowed to stay.
Bharti Retail exuded confidence that it is 'on course' to become a billion dollar company by 2015, and will open 40 more stores in the next three months notwithstanding the economic slowdown.
Reliance Retail (RRL), a subsidiary of the Reliance Industries, is on an expansion mode with plans to add more stores in the southern states.
The proposed Direct Taxes Code Bill, 2009, should change our tax liability as well as the way we invest.
Actor-director Adarsh on his latest Kannada film Hushaar.
Though private labels comprise 10 to 12 per cent of the overall FMCG volumes, analysts said they were recording double-digit growth annually and could pose problems for the big players in the near future.
After the success of Rakhi Ka Swayamvar, NDTV Imagine is coming up with another unique show called Pati Patni Aur Woh, the desi version of international show Baby Borrowers.
Mizuho Financial Group has an alliance with the Rs 8,500 crore (Rs 85 billion) Tata Capital, the financial services arm of the Tata group.
It is a supreme irony. Maqbool Fida Husain, whose place in art history is unquestionable, who was largely instrumental in making a market for Indian contemporary art in the global art scenario, seemingly poses the biggest danger to the art summit today.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
Global demand for certified wood has prompted Indian companies to get their logging vetted by monitoring agencies.
After Wal-Mart, China National Petroleum is the second biggest employer with 1.61 million employees in 2008 followed by the State Grid with 1.53 million employees in the third place, followed by the US Postal Service with 765,088 employees in the fourth place, followed by Sinopec with 639,690 employees in the fifth place.
WakeupWalmart.com, an anti-Wal-Mart website which belongs to the United Food and Commercial Workers Union, came out with a report two days ago titled, 'Wal-Mart's vaunted $4 prescriptions supplied by disgraced Indian manufacturer.' UFCW claims to have a membership of over 1.3 million workers in the US and Canada. WakeupWalmart.com mainly campaigns for the rights of Wal-Mart employees and consumer interests.
"The entry of other players in this segment will help in reiterating the benefits of the cash-and-carry concept to Indian customers," Metro India Managing Director Martin Dlouhy says. It may be the first time anywhere in the world that Wal-Mart and Metro square off in the cash & carry format. Dlouhy's apparent nonchalance can't hide the fact that Metro may be facing one of its most difficult challenges in the country.
In this fifth part (see part one, two, three and four) of a series, rediff India Abraod discusses a different side of its analysis of the growing gun culture among Indian Americans.
India has been ranked as the most attractive nation for retail investment among 30 emerging markets by US-based global management consulting firm A T Kearney. According to the entity's Global Retail Development Index, India is followed by Russia (2), China (3), United Arab Emirates (4) and Saudi Arabia (5).
Industry experts say that the downturn has hit on the bargaining power of employees and a new entrant into a company may have to settle for less if he is hard pressed for a job.
The annual shareholders' meet resembled a rock concert in an indoor stadium with associates cheering like crazy fans.
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