Indian Companies

Indian cos created 50,000 jobs in US: Official

Washington: At a time when unemployment is a major issue in the US due to its poor economic status, Indian companies through its massive investments in America have created 50,000 jobs in the country, a top US diplomat said. "Our economic relationship is very much a two way street. Both of us are focused on attracting growth and investment to our shores. Indian owned Tata factory in Ohio puts thousands of Americans to work, part of the over 50,000 jobs Indian firms have created in the US. Opportunities for small, medium and large American businesses in India are staggering," US Deputy Secretary of State William Burns said on Friday.

Burns added that India is being projected as world's third largest economy by 2025. But 90 per cent of India is still without broadband, 80 per cent of India's infrastructure for 2030 hasn't yet been built, according to McKinsey, India plans to invest one trillion dollars on infrastructure in the next five years alone.

Burns praised the recent Indian decisions with regard to next phase of economic reforms. "Of course, for our companies to provide the technology and expertise to help India prosper, India's government must create an environment that encourages growth," he said.

He added that India's recent easing of some restrictions on Foreign Direct Investment are promising. Indian multi-brand retail, aviation, power grid and broadcasting companies and markets will be more open to investment, technologies and best practises from all around the world. It will

09:50 AM, Oct 27, 2012

American shopaholics tracked on video by India companies

by Reuters

Bangalore: Shopping in a US department store? Surveillance cameras may be watching, and not because you might be a shoplifter. In minutes, video of which aisles you visited, what products you picked up and put down, what you bought and the displays that caught your fancy will be sent to a company in Bangalore, India. "These logs can be analysed to determine propensity to purchase, what a customer's intent, satisfaction,...

04:40 PM, Oct 08, 2012

Govt cuts tax on foreign borrowings by Indian firms

by CNN-IBN

New Delhi: Finance Minister P Chidambaram on Friday announced that the Centre had cut tax on external commercial borrowings (ECB) by Indian companies to five per cent from 20 per cent. The reduction in tax will encourage Indian companies to raise funds from overseas markets. The withholding tax liabilities on Indian companies, too, have been reduced to five per cent. This will apply to all borrowings between July 2012 and...

12:45 PM, Sep 21, 2012

30 pc firms to block social media access by 2014

by Press Trust of India

Bangalore: About 30 per cent of the large organisations will continue to block employees' access to social media sites by 2014, compared to 50 per cent in 2010, according to technology research firm Gartner. The number of organisations blocking access to all social media is dropping by around 10 per cent a year, it said in a statement. "Even in those organisations that block all access to social media, blocks...

12:29 PM, Mar 06, 2012

H1-B gets costly as Obama signs 9/11 bill

by Press Trust Of India

Washington: Ignoring India's concerns and veiled warning that it would drag the US to the World Trade Organisation, President Barack Obama has signed into law a bill that would provide free health care to the first responders of the twin-tower terrorist attack in New York in September 2001. Obama took some time off from his vacation in Hawaii to sign the bill that provides for a fund of $ 4.2...

08:38 AM, Jan 03, 2011

Outsourcing for Indians could stand to gain in UK

by Sanjay Suri,CNN-IBN

London: Faced with crippling debt expected to cross a trillion pounds next year, the government has ordered a cut on public sector spending. The cuts are expected to rise to 81 billion pounds a year in four years. But as the public sector looks to cut costs, high quality and low cost Indian services for outsourcing could stand to gain. Adam Marshall, Director of Policy and External Affairs, British Chambers...

08:25 AM, Oct 23, 2010