biz

Driven by emergence of Internet as a potent medium, around 25 million users are likely to register themselves for online job search and matrimonial alliances resulting in business of around Rs 565 crore by March 2008, according to Assocham. The chamber's paper on Emerging trends on rising...

US networking major Cisco on Wednesday announced the Cisco I-Prize to identify new business ideas and innovators around the world. The Cisco I-Prize aims to bring together global teams to develop technology business ideas using Cisco's collaboration technologies and to run those ideas through...

INTERNATIONAL BUSINESS NOTES...

MUMBAI: Indian Overseas Bank (IOB) will be the new partner in the credit card business led by Life Insurance Corporation of India (LIC). The board of the bank has approved the proposal to acquire up to 10% equity stake in the proposed company. Meanwhile, last fortnight, LIC received an approval...

BANGALORE: Biotech major Biocon is selling its enzymes business to Denmark-based Novozymes for $115 million. The transaction, subject to shareholder and regulatory approvals, is expected to be completed by the end of the third quarter of 2007. The move will enable Biocon to focus on its core...

Reliance Communications on Wednesday announced plans to roll out business internet services for small and medium enterprises in top ten cities and 200-odd tier-II cities in India. The telecom service provider has joined hands with networking firm Cisco to provide the services, which were...

Driven by high trading volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the world’s top ten financial flow hubs list, beating Hong Kong and Beijing in China. The city has been ranked tenth among the world’s biggest centres of...

Small and medium-sized businesses in India will spend $1.2 billion on improving Internet infrastructure and access in 2007 Small and midsize businesses (SMBs) in India will spend US$1.2 billion to beef up their Internet infrastructures and enhance their Internet access, according a new...

The country is still a huge processing center for the stones but faces challenges from Chinese competition and slower growth in the U.S. India is perhaps best known for its dynamic outsourcing sector, well-regarded software development, and emerging conglomerates such as Tata, Reliance, and...

Day after wind power major Suzlon Energy reached an agreement with French nuclear energy company Areva SA to acquire Germany’s REpower Systems AG, ending a bidding war that raged for months, Tulsi Tanti, CMD, Suzlon, spoke to MG Arun on the deal. Excerpts: Now that you have trumped Areva, what...

Mumbai: After an abortive attempt to foray into the aviation sector in the mid-1990s, the Tata group has ruled out any immediate plans to enter the business. "We have no plans at present to enter the aviation business. However, this does not mean that we won't relook at the business in the...

In a sign of the changing times and their increasing visibility, branding is emerging from the shadows to becoming an important activity warranting top management’s attention for software companies. At a recent meeting on its IPO, industry veteran and CMD of Mindtree Consulting Ashok Soota...

ADANIS PUT RS 200-CR TAG ON RETAIL BIZ SALE Ahmedabad The Times of India (Edition: Ahmedabad) The heat from the entry of the world’s largest retailer Wal-Mart in the country is being felt by the Ahmedabad-based Adani group, which is fast exiting from the retail business. The group has fixed a...

MUMBAI/DELHI: India Inc’s globalisation journey is proving to be a bonanza for Indian business schools. A student at the Hyderabad-based Indian School of Business (ISB) has bagged an offer of Rs 1.04 crore ($233,800), the highest across all Indian B-schools this year, for an international...