Nokia today announced an investment of $75 million at its manufacturing plant in Sriperumbudur, Chennai for 2008. According to a release issued by Nokia, the investment is geared towards enhancing the capacity of the manufacturing plant. The plant currently employs approximately 6,000 people. Nokia has so far invested $210 million in its Chennai operations. Today’s […]
India faces huge job loss, 20 lakh people at risk
The government on Tuesday said as many as 20 lakh people may become jobless in the export sector which has been hit hard due to rupee appreciation vis-a-vis dollar in the last one year. Replying to a question in Lok Sabha, Commerce Minister Kamal Nath said 20 lakh people may face unemployment if remedial measures […]
IBM websphere tops application software market
IBM’s Webshere has been ranked as the market leader in the Application Deployment Software market in India by research firm IDC. According to IDC Packaged Software Tracker 2006, IBM Websphere’s market share stood at 28 per cent, a release from the software major said here on Tuesday. IBM has bagged significant customers in the previous […]
Primex group, Rakeen form real estate joint venture
Rakeen, a joint stock global business company promoted by the government of Ras-Al-Khaimah UAE and Chennai-based mineral conglomerate Primex Group, on Monday said it will invest up to $5 billion over the next five years for different real esta te projects in India. The two partners have formed a real estate joint venture – Rakiendo […]
UTV Software snaps ties with Astro, Malaysia
With Walt Disney eyeing an increased stake in UTV Software Communications, the Mumbai-based entertainment and media production arm of UTV, has decided to call off its association with Malaysian media company Astro Multimedia International. UTV Software and Astro had entered into a co-operation arrangement earlier this year via a company – GenX Entertainment – to […]
Dell to invest $30 million in Sriperumbudur unit
Dell is committed to investing around $30 million in its Sriperumbudur unit over the next few years, company officials told Chief Minister M. Karunanidhi here on Monday. A Dell team, headed by Kip Thomson, Senior Vice-President, Global Facilities; Richard Nelson, Senior Manager Global Services; and Pramod Jain, Tax Director, met Mr. Karunanidhi along with the […]
6 Indians on Forbes self-made billionaires list
Six Indians, led by Sunil B Mittal of Bharti group and Ramesh Chandra of Unitech, are among 20 self-made billionaires of Asia featured by Forbes magazine. The list also includes a Malaysian-Indian, Anand Krishnan. Mittal is ranked third with a personal fortune worth $12.5 billion, followed by Chandra (4th, $11.6 billion) and Tulsi Tanti of […]
Cybernet to partner Dutch firm
Technology operations management company Cybernet Slash Support Corp is entering the European market, the company said Thursday. Its first stop is in the Netherlands, where it is partnering $19.5-million Bergler ICT. It would offer infrastructure management services to the Bergler’s clients. As per the deal, Cybernet would manage the infrastructure of Bergler’s European clients and […]
U.S. investment in India will go up further, says Attorney
The U.S. investment in India is on the rise over the last few months and will increase further, even as the dollar is getting weaker by the day, U.S. Attorney Michael Kraus said here on Monday. “It is cheaper to produce goods in India, but it is expensive to export goods from India as the […]
Orchid Group of Hotels to invest Rs 1,000 crore for setting-up seven properties
The Orchid Group of Hotels is planning to invest over Rs 1,000 crore to set-up seven five-star category hotels in India. The properties will come up in the next 18 months in Tier I cities like Bangalore, Chennai, Jaipur and Kolkata among others. “The Group has essentially been into management contract business with few completely-owned […]
Laptops Lookout for New Nokia N810
Nokia N810 Internet Tablet has begun shipping nationwide in the United States from November 19, 2007. This model is slimmer and easier to hold and comes with a slide-out keyboard. The Nokia N810 provides a premier, portable internet experience with its large color display, touchpad screen, slide-out keyboard, 400 MHz processor, Mozilla-based browser and up […]
Thai Airways to boost Indian services from 2008
Thai International Airways is increasing the frequency of its flights from Bangkok to India to 10 flights a week, from the summer of 2008. The decision comes on the back of soaring demand for the carrier’s service. In the process the carrier would have also advanced its timeline by six months. The carrier has applied […]
