Firm

  • Swedish eye tracking technology firm Tobii plans IPO: Report 30-03-2014 02:45 PM

    Stockholm: Swedish eye tracking technology firm Tobii, co-owned by chipmaker Intel, is planning a stock market listing which could value the firm at around 2 billion crowns ($309 million), business daily Dagens Industri reported. Tobii, which develops eye-controlled devices that can be used in computer interaction and in human behavior...
  • Indian-American firm to pay $15 mn for false claims 26-02-2014 10:55 PM

    A diagnostic firm founded by an Indian-American physician has agreed to pay $15.5 million to settle charges that it falsely billed federal and state health care programmes and paid kickbacks to physicians. The Diagnostic Imaging Group (DIG), founded in 1985 by Mumbai native Leena Doshi, would pay $13.65 million to...
  • India to block US trade probes, ready for fight at WTO 25-02-2014 06:00 PM

    India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries. New Delhi is furious about a threat of trade sanctions made...
  • US firm Textron offers VVIP choppers to India 24-01-2014 03:51 PM

    After India scrapped a contract for procuring VVIP choppers from AgustaWestland, American firm Textron on Friday said it is ready to offer its unique V-22 Osprey helicopter to India for ferrying its dignitaries. "We are ready to offer to India the V-22 Osprey in the VIP configuration through the Foreign...
  • Chinese power firms in India under pressure due to rupee 21-01-2014 01:54 PM

    Chinese power generations companies which rapidly expanded operations in India in recent years are complaining of pressure due to depreciation of rupee and appreciation of China s currency RMB, saying it has eroded their profits. Indian rupee devalued about 20 per cent at one stage in 2013, while the RMB...
  • Haryana orders CBI probe into Rs 8 cr contract awarded by Khemka 18-01-2014 11:27 AM

    Chandigarh: The Haryana government has ordered a probe by the Central Bureau of Investigation (CBI) into a Rs 8 crore contract awarded by IAS officer Ashok Khemka to a firm in Gujarat when he was the Managing Director of the State Warehouse Corporation in 2009. Ashok Khemka has earlier exposed...
  • India cancels Rs 3,600 crore VVIP chopper deal with AgustaWestland 01-01-2014 04:02 PM

    New Delhi: India on Wednesday cancelled Rs 3,600-crore VVIP chopper deal with AgustaWestland in view of bribery allegations. The decision was taken after a meeting of Defence Minister AK Antony and Prime Minister Manmohan Singh. The deal had been put on hold in February after the CEO of Agusta's parent...
  • Apple's latest acquisition Topsy was co-founded by Indian-Americans 03-12-2013 04:19 PM

    New York: A social media analytics firm, co-founded by two Indian-American entrepreneurs, has been acquired by Apple for over $ 200 million. A San Francisco-based startup, Topsy Labs was co-founded by Vipul Ved Prakash and Rishab Aiyer Ghosh. The company tracks trending topics on microblogging site Twitter and other social...
  • India charges 33 aboard armed US anti-piracy ship 19-10-2013 06:41 PM

    India has charged 33 men aboard an armed ship operated by a US maritime security firm for failing to produce papers authorising it to carry weapons in Indian waters, police said on Saturday, a move that could trigger diplomatic tensions. The captain and the chief engineer were not among those...
  • Little-known Hollywood investor Suhail Rizvi poised to score with Twitter IPO 05-10-2013 09:51 AM

    Los Angles/ San Francisco: When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet. Over the past two years,...
  • No clinical trial of untested drugs in absence of mechanism: Supreme Court 30-09-2013 01:06 PM

    No clinical trials should be allowed for new drugs till a mechanism is put in place to monitor them and to protect the lives of people on which drugs are tested, the Supreme Court on Monday said. A bench headed by Justice RM Lodha said that a system must be...
  • India most optimistic on hiring plans for October-December quarter: Survey 11-09-2013 09:01 AM

    India has emerged as the most optimistic nation in terms of hiring plans for the next three months following a dramatic turnaround in employer confidence after four consecutive quarters of relatively lackluster forecasts. According to the Manpower Employment Outlook Survey released on Tuesday by ManpowerGroup, the hiring pace for the...
  • Zimbabwean President threatens British, US firms over Western sanctions 26-08-2013 01:09 AM

    Zimbabwean President Robert Mugabe threatened "tit-for-tat" retaliation against companies from Britain and the United States on Sunday if the Western nations persisted in pressuring his government with sanctions and what he called "harassment". Mugabe's latest verbal broadside against his main Western critics followed their questioning of his re-election in a...
  • NASA adds more space launch platforms for sale to private firms 21-08-2013 07:05 AM

    While NASA considers competing bids to take over a shuttle launch pad at Kennedy Space Center, it added three mobile launch platforms to its list of excess equipment available to private industry, officials said on Tuesday. Ideally, NASA wants a commercial launch company to take over one or more of...
  • Singapore-based jewellery firm's MD arrested for smuggling diamonds 04-08-2013 01:50 PM

    Mumbai: The Managing Director of a Singapore-based jewellery firm Vihari Poddar was arrested on Sunday on charges of smuggling gold and diamond jewellery. Custom officials claimed that she was hiding the jewellery worth a crore in her underwear. The court has denied her bail and remanded her to judicial custody...
  • Finnish firm launches payment system with face recognition 21-07-2013 12:04 PM

    Helsinki: Finnish company Uniqul has developed the world's first payment system which recognises customers' faces and helps them pay without having a wallet, credit card or mobile phone. The company is getting ready for deployment of the system in Helsinki, news website goodnewsfinland.com reported. The company said its patent pending...
  • 'Cut and paste' job costs Tata company Rs 2.28 lakh 17-07-2013 03:30 PM

    Mumbai: An erroneous 'cut and paste' job in updating its shareholding pattern has cost a Tata group firm, the Tinplate Company of India Ltd, an amount of Rs 2.28 lakh as payments towards settlement of a case with Sebi. The Securities and Exchange Board of India (Sebi), in a consent...
  • Andhra Pradesh techie arrested for wife's murder 25-06-2013 03:45 AM

    Hyderabad: A software engineer allegedly got his 28-year-old wife murdered by a friend in Panjagutta area in Hyderabad, police said on Monday. Amer Mohammed Jamal, a software engineer with an IT firm in Madhapur, was arrested on Sunday along with his friend Subhamsh Netha alias Sunny, Deputy Commissioner of Police...
  • Gunman shoots 4 outside North Carolina law firm, Walmart 22-06-2013 06:29 AM

    A man armed with a shotgun and a bag of ammunition opened fire outside a law firm and a Walmart store in Greenville, North Carolina, on Friday, shooting four people before police shot him, the city's police chief said. The suspect and the victims underwent surgery for gunshot wounds and...
  • BPO driver arrested for dropping woman at lonely spot 01-06-2013 02:23 AM

    New Delhi: The driver of a Gurgaon-based global business process outsourcing firm has been arrested for allegedly violating Delhi Police's order of dropping a woman employee, returning home at odd hours from work, at her doorsteps. The driver, Sunil Kumar, had dropped the company's woman employee on the main road...
  • Infosys to challenge new tax demand of $ 105.3 million 20-05-2013 10:30 AM

    Bangalore: Infosys Ltd, India's No 2 software services exporter, said on Monday it would challenge a $ 5.77 billion income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from...
  • I-T Dept slaps Rs 582 cr tax demand notice on Infosys 19-05-2013 12:28 PM

    New Delhi: Income Tax department has slapped a fresh $ 106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. The Bangalore-based software services exporter is already contesting additional income tax demands of $ 214...
  • 'Pak SC to name media cos that received money from govt' 12-04-2013 05:46 PM

    Islamabad: Pakistan's Supreme Court is set to release a secret list of journalists and media organisations that purportedly received payments from the federal government in the name of national security, according to a media report. The apex court is expected to make a final decision in this regard on April...
  • Subrata Roy, others to appear before Sebi today 10-04-2013 08:29 AM

    Mumbai: In the high-profile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal...
  • Rs 55 cr and counting: SEBI's expense bill to Sahara 07-04-2013 03:17 PM

    New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000-crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities...
  • BBC sells Lonely Planet guide business 19-03-2013 07:20 PM

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  • TCS settles lawsuit by former employees 26-02-2013 04:22 PM

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