Companies

  • Forbes names TCS among world's most innovative companies 4 days ago

    Mumbai: Forbes has named Tata Consultancy Services as "one of the World's Most Innovative Companies", and positioned it 57th as the highest-ranking global IT services provider on this year's top-100 list, a statement said on Wednesday. The World's Most Innovative Companies List is developed annually by Forbes Magazine, recognising corporate excellence...
  • Chennai turns 375 this week; a look at the history behind Madras Day August 19, 2014

    Chennai: The first modern city of India, Chennai, will celebrate its 375th birth anniversary of August 22. The southern city has already begun celebrating Madras Week from Sunday by dedicating seven days to the history, culture and traditions of the city. Chennai, then Madras was born when a small piece of...
  • Chennai to celebrate Madras Week on its 375th birthday, starting today August 19, 2014

    Chennai: The first city of modern India, Chennai, will celebrate its 375th birthday this week beginning from Sunday. The southern city will celebrate Madras Week by dedicating seven days to the history, culture and traditions of the city. Chennai, then Madras was founded on August 22, 1639 when a strip of...
  • Experimental Ebola vaccine by US company to be made available in market August 13, 2014

    As the Ebola crisis continues to ravage west africa, a US company is working to make its experimental vaccine available in the market. Newlink genetics in Iowa has signed a million dollar contract with the US department of defense. This experimental drug has proven 100 per cent effective in animal...
  • Amendments to Companies Act may not be necessary: Nirmala Sitharaman August 10, 2014

    New Delhi: Emphasising that good progress has been made in addressing concerns about new companies law, Union Minister Nirmala Sitharaman has said amendments to the Act might not even be necessary if stakeholders feel relieved with changes being made in the rules. Sitharaman, who is the Minister of State for Corporate...
  • Skill development: Rajasthan signs MoUs with 18 firms to train over 36000 youths August 8, 2014

    Rajasthan government on Thursday signed MoUs with 18 companies for providing training to youths under a project of the Centre and state government. The MoUs were signed by Rajasthan State Livelihood Development Corporation MD Gaurav Goyal and representatives of the 18 companies in the presence of Chief Minister Vasundhara Raje for...
  • Gas explosions kill 24, injure 271 in Taiwan August 1, 2014

    Kaohsiung: At least 24 people were killed and 271 others injured when several underground gas explosions ripped through Taiwan's second-largest city overnight, hurling concrete through the air and blasting long trenches in the streets, authorities said on Friday. The series of explosions about midnight Thursday and early Friday struck a district...
  • Average CEO salary at top Sensex firms near Rs 10 crore July 27, 2014

    New Delhi: The average CEO pay at India's top listed companies has risen to Rs 10 crore a year, but still remains less than one-tenth of over Rs 100 crore median remuneration paid to their peers in the US. The top executives of the country's biggest blue chip companies, forming...
  • Dumper set on fire by Maoists after private company fails to pay extortion July 23, 2014

    Ultras of a Maoist splinter group set fire to a dumper at Patratu in Ramgarh district, the police said in Ramgarh. Superintendent of Police Ranjit Kumar Prasad said the extremists of the Jharkhand Jan Sangharsh Mukti Morcha set ablaze the dumper on Tuesday night. They had demanded extortion from a private company...
  • Aadhar Housing Finance forays into Rajasthan, opens branches in 7 cities July 17, 2014

    Aadhar Housing Finance Limited, a segment-focused housing finance company, said it has entered Rajasthan with the simultaneous launch of branches at seven cities in the state. The branches were opened in Jaipur, Jodhpur, Udaipur, Kota, Alwar, Bikaner and Bhilwada. The company provides housing finance to lower income consumer segments -- both...
  • French companies evince keen interest in bullet train project July 9, 2014

    Mumbai: A day after the Centre announced plans to introduce a bullet train between Mumbai and Ahmedabad and to allow foreign direct investment into the railways sector, a number of French companies have come forward to participate in the project. The government had unveiled these plans in the Railway Budget, 2014-15...
  • RBI restores overseas investment limit July 3, 2014

    Mumbai: The Reserve Bank of India (RBI) on Thursday restored the overseas investment limit of Indian companies to 400 percent of the firm's net worth after the rupee rebounded from last year's record low levels against the dollar. Last August, the RBI cut the overseas investment limit for companies to 100...
  • Truck carrying goods worth Rs 3 lakh looted June 30, 2014

    A group of unidentified persons bound a driver and cleaner of a truck and looted the vehicle, which was carrying goods worth Rs 3 lakh, police said on Monday. The incident took place last night, near a gas agency in Chandpur police station area. The truck carrying soaps and detergents of...
  • Afghanistan woos India Inc; to give preference to Indian companies June 24, 2014

    Mumbai: Keen on attracting greater funds from India Inc in rebuilding the war-ravaged nation, Afghanistan will accord preferential treatment to Indian investors, a top official said on Tuesday. "Afghanistan has been a recipient of assistance for capacity building, infrastructure, community based business projects and humanitarian assistance from India. We intend to...
  • Web hosting company GoDaddy files for IPO June 10, 2014

    New York: Web hosting company GoDaddy is filing for an initial public offering. The company known for its racy Super Bowl commercials says it has 12 million customers and is the largest provider of website domain names. GoDaddy also said on Monday that company founder and former CEO Bob Parsons is...
  • MP Power signs agreement with KRBL for supply of 15 MW power June 4, 2014

    An agreement was inked in Bhopal between MP Power Management Company and M/s KRBL for supplying 15 MW of power to the state. Stating this, an official release said here on Wednesday that the Power Purchase Agreement was signed in the presence of the company Managing Director, Manu Shrivastava and General...
  • Tata Steel bags best Indian steel company award May 29, 2014

    Tata Steel has bagged the award for the best Indian steel company by US-based research firm Dun ~~amp;amp; Bradstreet (D~~amp;amp;B). The award was given by D~~amp;amp;B post inclusion of Tata Steel in their publication 'India's Top 500 Companies 2014' and on the basis of excelling on various business and social parameters,...
  • RAW wants background check of telcos setting up ILD facility May 26, 2014

    New Delhi: Security agency Research and Analysis Wing has asked the Department of Telecom to make background verification of telecom companies mandatory even before granting them provisional permission for starting international long distance communication services. "R&AW has requested that security clearances from the national security agencies viz, R&AW and IB for...
  • BJP to protest against power cuts in Kanpur May 21, 2014

    Taking note of the power cuts that are adding to the woes of Kanpur residents, BJP has threatened to protest if the situation does not improve. BJP Kanpur President Surendra Maithani has sent a warning to the MD of Kanpur Electricity Supply Company Ltd (KESCO) saying if the situation fails to...
  • SC asks Andhra HC to decide on Ranbaxy-Sun Pharma merger May 21, 2014

    New Delhi: The Supreme Court on Wednesday asked the Andhra Pradesh High Court, which had passed an interim order staying the $4 billion merger of Ranbaxy with Sun Pharma, to decide the issue within two days. Hearing appeals filed by Sun Pharmaceutical, Ranbaxy Laboratories and Daiichi Sankyo Company against HC interim...
  • National Insurance Company's former manager gets 3 year rigorous imprisonment for bribery May 20, 2014

    A former manager of National Insurance Company has been sentenced to three years rigorous imprisonment by a CBI court in Bhopal for demanding a bribe of Rs 15,000 to settle an accident claim. The court also slapped a fine of Rs 20,000 on Raj Kumar Jhamtani, then Divisional Manager, National Insurance...
  • Cabinet clears KKR investments in two pharma companies May 13, 2014

    The government on cleared private equity major KKR's proposal to acquire stakes in two pharmaceutical companies in deals worth over Rs 1,400 crore, including 38 per cent stake buy in Gland Pharma. The two deals are estimated to be worth Rs 1,434 crore, sources said. In the first proposal, the Cabinet...
  • Filomena's Journeys: A portrait of marriage, a family and culture May 1, 2014

    Maria Aurora Couto is not a new name in the literary circles. Prior to Filomena's Journeys, she wrote Goa: A Daughter's Story as well as Graham Greene: on The Frontier. Born and brought up in Goa, she moved to Delhi for her higher education and also taught literature at Lady...
  • Pakistan cuts PM Nawaz Sharif's electricity for not paying bills April 29, 2014

    Islamabad: Pakistan's power ministry said on Tuesday it would cut off supplies to major offices, including the prime minister's, in a crackdown on customers not paying their electricity bills. Pakistan's economy is crippled by persistent blackouts lasting up to 12 hours a day partly because influential families, politicians and bureaucrats do...
  • Indian-origin tech mogul fired from company for kicking girlfriend April 28, 2014

    New York: Indian-origin Internet advertising mogul Gurbaksh Chahal, who escaped jail despite kicking his girlfriend 117 times, has been fired from his post of CEO and chairman by his company. The board of directors at RadiumOne, a Silicon Valley company that focuses on real-time advertising across web, mobile and Facebook, met...
  • Swedish cosmetics company plans to brighten Moon April 20, 2014

    A Sweden-based cosmetics company has proposed a bizarre new method to eliminate the need for streetlights - brighten the surface of the Moon. The idea is to use materials already on the Moon to lighten its surface. The goal is to reflect slightly more sunlight onto Earth, making the night sky brighter, according to the company's...
  • Petrol price cut by 70 paise per litre April 15, 2014

    New Delhi: In a good news for the people, petrol price has been cut by 70 paise per litre. The price changes announced by oil companies are excluding local sales tax or VAT with effect from Tuesday midnight. Earlier, petrol and diesel prices were hiked by 75 paise and 50 paise a...
  • Zac Efron to star in the big-screen adaptation of John Grisham's 'The Associate' April 3, 2014

    Los Angeles: Actor Zac Efron will replace Shia LaBeouf in the big-screen adaptation of crime author John Grisham's 'The Associate'. LaBeouf was to star in the film when it originated at Paramount Pictures in 2009, shortly after the book was released, but he has since dropped out. Efron will play a Yale...
  • India's first all-women bank sets up its first branch in Patna March 29, 2014

    The Bharatiya Mahila Bank (BMB), India's first all-women bank, on Saturday set up its first branch in Patna. The bank would cater to financial inclusion of women of all segments from Self-Help Groups to lower middle class women to High Networth Individuals with a basket of products to ensure inclusive and...