Media mogul Rupert Murdoch is entering the Indian newspaper space in association with Chennai-based Kalanithi Maran, owner of the Sun group. The Sun, the flagship publication of Murdoch’s News Corporation, is in talks with Maran’s Sun group to launch an English tabloid in the country. Sources close to the development said the tabloid was likely […]

HCL Infosystems Limited, an information enabling company, plans to set up 100 career development centres (CDC) across the country in the next 12 to 15 months.    Addressing the media here, STM Eswar, associate vice-president (technical support and services) of the company, said 20 centres were already operational in seven cities and the company planned […]

Asked whether Nokia plans to invest further to ramp up its capacity, Mr Peterson said, “I expect that we shall increase the capacity. But how much and when and what what will be the investment, we are looking at all these issues.”   Having shipped more than 25 million phones in one year, Finish mobile […]

The City Union Bank Ltd, India’s oldest private sector bank, announced in Chennai that it has achieved yet another milestone of posting total business in excess of Rs 8,000 crore as on March 31, 2007, an overall growth of 32 per cent. The deposit figure stood at Rs 4,698 crore up 34 per cent (Rs […]

Microsoft Corp. has stepped up its pursuit of a deal to buy Yahoo Inc., two newspapers reported on Friday, as the two companies reenter talks to strike a deal amid huge growth from rival Google Inc. Yahoo shares jumped 14.6 percent to $32.20 in electronic trading on Friday, while Microsoft shares fell 1.4 percent to […]

The State Government has evolved a policy of land acquisition for housing projects, which will enable landowners to become shareholders of schemes with a view to avoiding unnecessary delays and disputes. Replying to the debate on the demand of grants for housing and slum clearance, Housing Minister Suba. Thangavelan said under the proposed policy, lands […]

  Even as it aims at tripling new business premium this year, SBI Life Insurance Company has no capital constraint for growth. Addressing a press conference here on Thursday, U.S. Roy, Managing Director and CEO, said the company had an authorised capital of Rs. 1,000 crore and a paid-up capital of Rs. 500 crore. Hence, […]

Pune-based BPO company HOV Services Ltd has moved its headquarters to Chennai. This follows the company’s recent acquisition of BPO services provider Lason, which has a large presence in Chennai.    Suresh Yannamani, president and chief operating officer – BPO services, HOV Services, said, “The acquisition deal was struck in February end, and takes HOV […]

Technosoft Global Services, a subsidiary of Michigan-headquartered IT outsourcing services provider Technosoft, has establishing another development center in Chennai, India. The company aims to spend five million dollars on infrastructure, recruiting professionals and in the development of third facility in India by the end of this year 2007. Technosoft has been offering tailored IT solutions […]

The Flowserve long-term support of indo-US business relations has been honoured with an inaugural award from the Indo-American Chamber at a ceremony in Chennai, India Flowserve has been honoured as the recipient of the Indo-American Chamber-Sanmar Indo-US Business Cooperation Award. Lewis Kling, President and CEO of Flowserve accepted the award in Chennai, India on behalf […]

Gabbana, Colombo has plans to branch out and expand activities overseas. April will see Gabbana Sri Lanka opening its first overseas branch in Chennai, India, a spokesman for Gabbana said. “Expanding overseas is a very big step for us, and we would not have been able to do it without our great team. The staff […]

Nearly 85 per cent of the 9,500 jobs that Citigroup says it will move to low-cost destinations may come to India. Citigroup Inc yesterday announced its decision to slash 17,000 jobs, largely in the consumer finance and investment banking business. Sources close to the developments indicate that 8,000 of these could be shifted to India. […]