Tuesday, April 5, 2011

Indian book of jobs in US: 60k & adding

Indian book of jobs in US: 60k & adding


Indian book of jobs in US: 60k & adding

Posted: 05 Apr 2011 05:54 PM PDT

Representatives of 25 Indian blue-chip companies, industry mavens, and diplomats gathered in the guts of the US Congress on Thursday to tell an economically-stricken America that they are "part of the solution, not part of the problem," and that they are creating jobs in the US, not taking them away.


Sistema gets termination notice

Posted: 05 Apr 2011 02:12 PM PDT

The government on Tuesday issued a notice to Sistema Shyam Teleservices (SSTL) to terminate licences for Kerala, West Bengal and Assam for delay in roll- out of services in these three circles.


P&G to sell Pringles chips to Diamond Foods for $1.5 bn

Posted: 05 Apr 2011 02:10 PM PDT

Procter & Gamble Co said it will sell its Pringles potato chips business to Diamond Foods Inc for $1.5 billion in stock, creating a new snack foods giant. The transaction will be effected by P&G spinning off its Pringles business and combining this entity with Diamond Foods.


Google bids $900 m for Nortel patents

Posted: 05 Apr 2011 02:00 PM PDT

Google has bid $900 million for the patent portfolio of Nortel Networks, the Canadian telecom equipment maker, as part of a strategy to defend itself against patent litigation.


Voda moves SC against tax notice

Posted: 05 Apr 2011 01:44 PM PDT

Vodafone has approached the Supreme Court against the Income Tax department's move to initiate penalty proceedings against the telco regarding $2.5 billion tax claim arising from its transaction with Hutchison four years ago.


Satyam to pay $10m to settle SEC charges

Posted: 05 Apr 2011 01:38 PM PDT

Satyam Computer Services has agreed to pay $10 million to settle US charges that former top managers inflated the Indian company's revenue, the US Securities and Exchange Commission said Tuesday.

India tweaks import plan to avoid crude shock

Posted: 05 Apr 2011 01:36 PM PDT

Oil prices could rocket to $200-$300 a barrel if the world's top crude exporter Saudi Arabia is hit by political unrest, former Saudi oil minister Sheikh Zaki Yamani said on Tuesday.

Sebi has okayed Cairn open offer: Vedanta boss

Posted: 05 Apr 2011 01:35 PM PDT

NRI metals tycoon Anil Agarwal on Tuesday said market regulator Sebi has given its nod for the mandatory open offer for his holding firm Vedanta Resources' acquisition of Cairn India. The Cabinet is expected to clear the $10-billion deal on Wednesday.

E-stores offer offline pay option

Posted: 05 Apr 2011 12:32 PM PDT

If shopping online wasn't your thing because you were wary of online scams, you can do it the good old way-using cash. Cash on Delivery (CoD), where the customer pays for what he/ she purchased once the items are delivered, used to be popular in the US when credit cards hadn't gained popularity.


Happiest Minds: Ashok Soota announces new business venture

Posted: 05 Apr 2011 06:12 AM PDT

Former MindTree Chairman Ashok Soota today announced the establishment of his new business company, 'Happiest Minds Technologies Private Limited'.


Sensex closes 15 points down on profit booking

Posted: 05 Apr 2011 05:41 AM PDT

In choppy trading today, the BSE sensex fell nearly 15 points from 3-month high as investors booked profits amid high crude oil prices, inflation concerns and weak global cues.


New immigration rules to hit Indian professionals in UK

Posted: 05 Apr 2011 05:28 AM PDT

The rules come into effect on Wednesday as part of the David Cameron government's efforts to reduce migration from non-EU countries.


Govt likely to clear Cairn-Vedanta deal tomorrow: Sources

Posted: 05 Apr 2011 04:57 AM PDT

A PM panel is likely to clear Vedanta Resources' $9.6 billion acquisition of Cairn India after overruling the law ministry's opinion on ONGC's rights.


Sensex closes 15 points down on profit booking

Posted: 05 Apr 2011 04:50 AM PDT

The BSE Sensex on Tuesday fell nearly 15 points to about 19,687 from the 3-month high level on profit-booking as high crude oil prices raised investor concerns about inflation and hike in interest rates, amid weak markets globally.


Sensex pares intra-day losses, closes flat

Posted: 05 Apr 2011 04:10 AM PDT

A benchmark index at Indian equities markets on Tuesday managed to make up for intra-day losses to close almost flat. Broader markets, however, ended the day with gains.


Maruti hikes prices by up to Rs 9000

Posted: 05 Apr 2011 03:00 AM PDT

The country's largest carmaker Maruti Suzuki India on Tuesday said it has increased the prices of its vehicles across all models by up to Rs 9,000.


Sebi approves open offer for Cairn India: Vedanta

Posted: 05 Apr 2011 01:28 AM PDT

Vedanta Group on Tuesday said it has received market regulator Sebi's nod for a USD 9.6 billion deal to acquire a 51 per cent stake in Cairn India and will launch an open offer soon.


Sensex down nearly 140 points

Posted: 05 Apr 2011 01:25 AM PDT

Reversing the initial gains, the Bombay Stock Exchange benchmark Sensex was down by nearly 140 points in early trade on Tuesday on sudden emergence of profit-booking.


Silver futures hits new high at Rs 59,331

Posted: 05 Apr 2011 01:22 AM PDT

Silver futures prices climbed to hit a lifetime high of Rs 59,331 per kg on Tuesday as speculators created huge positions, triggered by a firming global trend.


SpiceJet to hire pilots for its regional airline

Posted: 04 Apr 2011 11:26 PM PDT

SpiceJet will recruit 150 pilots and 300 cabin crew to launch the regional airline connecting smaller towns with metro cities in south India shortly.


Sensex up 68pts in opening trade

Posted: 04 Apr 2011 09:16 PM PDT

The BSE benchmark Sensex rallied by over 68 points in opening trade on Tuesday on the back of strong FII inflows.


Ashok Leyland to double exports

Posted: 04 Apr 2011 02:54 PM PDT

Ashok Leyland, led by new CEO Vinod Dasari, said it would strive to double exports to nearly 25% of revenue from the present 10-12% in three years.

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