Firm

  • Gujarat FSL to tie up with US-based firm for ballistic testing 6 days ago

    Ahmedabad: Gujarat Forensic Science Laboratory, which provides services to various companies for testing of armour panels and bullet-proof jackets, is likely to soon tie-up with a US-based firm to share best practices in the field of ballistic testing. The Gandhinagar-based FSL has it own ballistic testing centre where it tests products...
  • Chinese firms to team-up with Indian firms for rail projects September 3, 2014

    Beijing: Chinese firms are teaming with Indian companies to jointly bid for five high-speed railway projects in India in an apparent attempt to compete with Japan's plans to build bullet trains. The Indian government will soon open the projects for public bidding and Tata Projects, one of the fastest growing infrastructure...
  • 12 Indian firms in Forbes' 50 best companies in Asia-Pacific September 2, 2014

    New York: Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines". The Forbes 2014 'honour roll of the Fabulous 50' lists best...
  • Firms tool up for defence orders on Narendra Modi's 'make in India' pledge August 21, 2014

    New Delhi: Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories. India, the world's largest arms importer, will spend $250 billion in the next decade on...
  • 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...
  • Defence Ministry clears acquisition proposals worth Rs 21,000 crore July 19, 2014

    New Delhi: Pressing ahead with its policy to promote domestic military industry, the government on Saturday cleared procurement proposals worth over Rs 21,000 crore and also okayed a project for the production of transport aircraft which is open only to Indian private sector companies. Among the major proposals to receive approval...
  • Infosys becomes first IT firm to file sustainability report July 2, 2014

    Bangalore: Global software major Infosys Ltd became the world's first IT firm to file a sustainability report based on the latest global reporting initiative (GRI) framework, the IT bellwether said on Wednesday. "As a value-driven company, we follow the highest levels of disclosure, besides ensuring compliance with the laws of the...
  • Iraq violence puts energy projects by Indian firms at risk June 19, 2014

    New Delhi: As escalating violence brings Iraq to a standstill, energy sector projects of Indian firms Lanco Infratech and BGR Energy may be put at risk in the war-torn nation. Lanco Infratech had a contract to build a 250 MW power plant at Akaz in Iraq, while BGR Energy is setting...
  • DLF becomes India's first realty firm to get ISO certification June 17, 2014

    New Delhi: Realty giant DLF said on Monday it has become the country's first real estate developer to get ISO 9001:2008 quality certification for development of housing and commercial projects. "DLF Home Developers Ltd, a part of DLF, has received ISO 9001:2008 certification after meeting the stringent guidelines set out...
  • Facebook acquires mobile data plan firm Pryte June 4, 2014

    San Francisco: Facebook is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps. Facebook did not disclose financial terms of the deal, which spokeswoman Vanessa Chan said is expected to close later this month. Pryte's...
  • India aims for single window clearance for IT firms in China June 1, 2014

    Beijing: Eyeing a big foothold in China's booming IT services industry, India aims to press Beijing for working out a "single window clearance" concept to enable Indian IT companies to enter the Communist giant's market. "Hopefully we are able to negotiate a single window" concept to enable IT companies to enter...
  • BG Srinivas tipped to join another IT firm as CEO ~~amp;amp; MD May 29, 2014

    Infosys' latest high profile exit BG Srinivas may join another IT services firm as its Chief Executive Officer (CEO) and Managing Director. Considered among the top contenders for the first non-founder CEO post at the company, Srinivas who is a Infosys Board Member and President, has resigned in a surprise move. This...
  • 9 Indian firms in Forbes most innovative growth list May 22, 2014

    As many as nine Indian firms have made it to the Forbes World's 100 most innovative growth companies list, which has been topped by New Zealand software accounting firm Xero. The list has been made on the basis of Innovation Premium, which Forbes described as a measure of how much investors...
  • EU adds 13 people, 2 firms to Ukraine list May 13, 2014

    European Union foreign ministers have added 13 people to their visa ban and asset freeze list over Ukraine's crisis but are not expected to decide whether to impose tough economic measures on Russia before Ukraine's May 25 elections, officials said. The 28 EU ministers also said in a statement on Monday...
  • EC lodges complaint against IT firms for working on polling day April 25, 2014

    Chennai: Some of the top IT companies and IT enabled services companies in Tamil Nadu are facing charges under the Representation of People's Act and the archaic Tamil Nadu Shops and Establishments Act for not declaring a paid holiday on the voting day. According to state labour department officials IT...
  • Swedish eye tracking technology firm Tobii plans IPO: Report March 30, 2014

    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 analysis,...
  • Indian-American firm to pay $15 mn for false claims February 26, 2014

    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 the...
  • India to block US trade probes, ready for fight at WTO February 25, 2014

    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 by...
  • US firm Textron offers VVIP choppers to India January 24, 2014

    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 Military...
  • Chinese power firms in India under pressure due to rupee January 21, 2014

    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 appreciated...
  • Haryana orders CBI probe into Rs 8 cr contract awarded by Khemka January 18, 2014

    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 January 1, 2014

    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 company...
  • Apple's latest acquisition Topsy was co-founded by Indian-Americans December 3, 2013

    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 October 19, 2013

    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 arrested...
  • Little-known Hollywood investor Suhail Rizvi poised to score with Twitter IPO October 5, 2013

    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, Suhail...
  • No clinical trial of untested drugs in absence of mechanism: Supreme Court September 30, 2013

    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 put...
  • India most optimistic on hiring plans for October-December quarter: Survey September 11, 2013

    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 upcoming...
  • Zimbabwean President threatens British, US firms over Western sanctions August 26, 2013

    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 July...
  • NASA adds more space launch platforms for sale to private firms August 21, 2013

    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 the...
  • Singapore-based jewellery firm's MD arrested for smuggling diamonds August 4, 2013

    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 till...