Close on the heels of expanding its operations, Microsoft India has now set its eyes on penetrating the consumer market in the country.
While raising the foreign direct investment limit to 100 per cent in the single-brand retail segment six months earlier, the government asked retail chains with over 51 per cent foreign investment to source at least 30 per cent of the value of products sold in the country from Indian small/village/cottage industries, artisans and craftsmen.
US-based Walmart Stores Inc on Wednesday said it is tightening anti-corruption practices in India, amidst reports of US lawmakers asking the retail giant to review its operations in the country along with those in four other nations.
Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
The security solutions software market in India is expected to touch $130 million by 2009 from $36.3 million in 2004 with the next wave of growth coming from small and medium enterprises, according to research firm IDC.
The race between Aaj Tak and Star News to grab the top slot in the Hindi speaking market is getting more exciting.
Yashwant Sinha is currently on a three-day visit to Washington to hold meetings with the think-tank, members of the Indian Diaspora, Congressmen and officials of the Obama Administration.
HDFC Bank on Tuesday ruled out merger with its parent HDFC or acquiring smaller banks in the near future, but said it has embarked on an aggressive organic growth path in India and abroad.\n\n
The growth in the current fiscal is likely to slip to a decade-low of 5.7 per cent.
Wipro is planning to expand into Sri Lanka and Bangladesh to tap the telecom and banking space, by leveraging on its expertise and strengths in areas such as system integration and IT managed services.
Information technology and IT-enabled Services will continue to drive the employment generation in the country for the quarter July-September 2005, according to a Ma Foi Employment Survey.
Private telecom operators have managed to grab 43 per cent of the total revenue generated from telecom services during 2004-05, says a leading communications business magzine.
The Indian government has simplified FDI policy inorder to attract global retail chains.
India on Friday moved closer to a major economic reform, with a committee of secretaries (CoS) giving an approval in principle for allowing up to 51 per cent foreign direct investment in multi-brand retail.
The IT data and network storage market in India is poised for major growth with the small and medium scale sector expected to increase its storage expenditure by 150 per cent in 2005 over the $43.2 million spent last year.
The government liberalised FDI policy in sectors, including multi-brand retail, single-brand retail, commodity exchanges, power exchanges, broadcasting, non-banking financial institutions and asset reconstruction companies.
Shriya Biman Patel is in custody on $1 million bond and booked into the Travis County Jail in Austin, on charges of first-degree felony aggravated assault and arson.
The United Progressive Alliance government has made up its mind to move a resolution on Wednesday in Rajya Sabha to get nine Members of Parliament of the Samajwadi Party suspended for their misbehaviour and disruptions during the debate on the job quota bill for Scheduled Castes/Scheduled Tribes.
India's security software market is expected to have an annual growth rate of 29 per cent till 2009, according to research and analyst firm IDC.
Bollywood's blockbuster machine Salman Khan's presence is greeted with whistles and euphoria every time he appears on the silver screen.
India's economy is likely to grow at the slowest rate in a decade this year.
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