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SITEL sets up fifth centre in Gurgaon
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India Business News: As part of its expansion plans in India, SITEL
Corporation — a leading provider of contact centre and back office services —
has set up its fifth contact centre in India in Gurgaon. Leveraging on the
significant talent pool in the capital region, the centre will initially focus
on the financial...
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Canon opens Master Service Centres in Gurgaon, Mumbai
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India Business News: Canon India announced the inauguration of its Master
Service Centres in Mumbai and Gurgaon. Spread over 2000 square feet each,
these are the first Canon owned camera repair and service centres designed on
international standards. The company has invested Rs 5 million on each of...
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An ode to Chandigarh’s burger man
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India
Business News: IT IS an ode that would satisfy many, many palates here. The sons of leading entrepreneur Anant Bir Singh, who gave Chandigarh its first taste of burgers in 1979 with the hugely popular Hot Millions chain, have dedicated a restaurant in his name.
The eponymous AB's after the retired
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An ode to Chandigarh’s burger man
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India
Business News: IT IS an ode that would satisfy many, many palates here. The sons of leading entrepreneur Anant Bir Singh, who gave Chandigarh its first taste of burgers in 1979 with the hugely popular Hot Millions chain, have dedicated a restaurant in his name.
The eponymous AB's after the retired
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INDIA BECKONS - SAP lines up $1 billion
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India Business News: CURRENT STATUS $500m SAP’s total investment in Indian
market till date HEADCOUNT 3,500 Targeted headcount in india by the end of
2006, up from the current 2,750 R&D $38.4m Money to be spent on beefing up the
research and development facilities in India JOINING THE
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Noida to
Nasdaq: EXL is latest BPO in US gold rush
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India
Business News: AFTER INFORMATION technology companies, their close cousins, Indian business process outsourcing (BPO) firms, which offer everything from call centre operations to accounting services, are now on an overdrive to get listed on U.S. stock exchanges.
While these firms may have
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Under-recoveries on fuel sale climb to Rs 91,053 cr
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India
Business News: SPIRALLING CRUDE oil prices have pushed up the revenue loss of oil firms on sale of petrol, diesel, LPG and kerosene to Rs 91,053 crore, necessitating an additional government assistance in the form of oil bonds of Rs 34,153 crore during the current fiscal.
Government had on June 5.....
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FDI cap in 5 sectors likely to remain
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India Business News: INVESTMENT COMMISSION’S recommendations notwithstanding,
the UPA Government may not remove the foreign direct investment (FDI) cap in
five major sectors, including telecom, banking, print & electronic media,
defence production and insurance sectors.
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Mukesh
Ambani, Rahul Bajaj differ over SEZ concessions
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India Business News: PM’S TRADE and industry council meeting last Thursday was
marked by a short faceoff of sorts between two industry ti- tans — Rahul Bajaj
and Mukesh Ambani — on fiscal concessions for the manufacturing sector.
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Govt concerned over China’s WTO tactics
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India Business News: A NEW submission by China to the World Trade Organisation
(WTO) outlining the country’s subsidy regime is now being examined by Indian
government, with many seeing the paper as an incomplete account of the breaks
that the Chinese government gives to its companies...
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Wipro nets 45% rise in Q1 profit at Rs 620 cr
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India
Business News: Bangalore: Wipro, like Infosys, has come up with a better-than-expected performance in the quarter ended June 30, 2006. The net profit at Rs 620 crore, was higher by 45% over the corresponding quarter in the previous year. Wipro also managed to beat its muted revenue guidance..
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Maruti rolls out LPG car, Hyundai to follow
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India Business News: New Delhi: Here’s your chance to Go Green! As part of
attempts to clean up the tailpipe exhausts and reduce the pressure on your
pockets, car makers — led by Maruti and Hyundai — are rolling out cars powered
by liquified petroleum gas.The country’s first LPGpowered car — WagonR..
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Nokia’s CDMA pullout gives Brightpoint nightmares
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India
Business News: BRIGHTPOINT INC. is talking to other telephone makers about distribution deals in India, hoping to bounce back from a decision by Nokia that effectively ends their exclusive partnership in that country, Brightpoint's chief executive said on Monday...
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Ashok Leyland in Rs 1,800-cr deal with ANG
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India
Business News: BUS AND truck major Ashok Leyland on Tuesday placed a five-year order for tractor trailers on ANG Auto Ltd running up to Rs 1,800
crore. The order would be executed by ANG subsidiary ANG Auto Tech and the company will invest Rs 61 crore for setting up a 6,000 unit annual..
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Rise and fall of IPOs
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India
Business News: THE BEAR hug is tighter on the primary capital market than the secondary one. All the bigticket public issues slated to enter in June or July have either been delayed or postponed for the time being.Why is it so? Besides the
...
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BRANCHING OUT - TCL working on a global footprint
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India Business News: TATA CHEMICALS Limited (TCL) will be scouting for more acquisitions to "close gaps in product portfolios and geographic presence". India's largest soda ash and edible salt producer is also looking at introducing cropspecific high-value fertilisers in the Indian agricultural...
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D STREET BLUES - Global tremors shake Sensex
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India
Buisness News: AS IF the escalating conflict in the West Asia was not enough, the news of an earthquake in Indian Ocean and subsequent tsunami warning for Indonesia and Australia rattled the investors. The global geopolitical phenomenon took a toll on the Indian stock markets.
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G-8 calls for ‘open’ energy markets
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India
Business News: G-8 SUMMIT leaders pledged on Sunday to promote "open, transparent" energy markets and to develop nuclear energy as an alternative energy source for those who want it, they said in a statement....
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At
Wipro, innovation pays, and how
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India
Business News: FOR THE first time since their inception six years ago, Wipro's innovation initiatives are beginning to pay off. The innovation initiatives include establishing centres that facilitate specific R&D projects and centres of excellence (CoE) which have contributed five per cent of its revenues and
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RIL kicks off ‘new city’ plan
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India Business News: MUKESH AMBANI’S journey to create a new city just outside
Mumbai has begun. Reliance, which is setting up two special economic zones
(SEZs) on 14,000 hectares of land, starting from outside New Mumbai and going
up to Pen in the Konkan region, has kicked off the process
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McCann, Lodestar to merge
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India
Business News: INTERPUBLIC GROUP will consolidate its media entity by merging Universal McCann and Lodestar into one single entity with focus on gradually moving the global backend media research work into India.
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KPMG shortlists partners for BBC’s India expansion
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India Business News: MANAGEMENT CONSULTANTS KPMG have identified three
possible partners for BBC Worldwide’s India foray. BBC is looking at launching
more than five television channels in India and has engaged KPMG for studying
the market and suggesting possible joint venture partners.
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MATTER OF POLICY - Real estate investment trusts: The way to go?
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India
Business News: IT HAS been more than a year since the real estate sector was opened for foreign investors in India. The response from investors has been absolutely overwhelming and by varied estimates more than $15 billion of foreign funds are awaiting investments in India.
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Why steel MNCs fancy India
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India Business News: FIRST CAME Posco and now Mittal (even Arcelor was
interested). Why are the global steel majors heading for India? Well, India
offers them a market which is growing faster than China’s, and has iron ore, a
key input for making steel.
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Corp India seeks to defend base
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India Business News: WITH TAKEOVER threats looming large, the Indian corporate
is asking the government to provide a level playing field to match the
financial muscles of multinational giants. “The government should remain
neutral, but at the same time, the board should be given ample authority as
they are available in the developed countries,”..
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WTO TALKS - India voices concern over
EU, US proposals
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India
Business News: INDIA HAS voiced concerned over two recent proposals made by the European Com- mission and the US seeking further prohi- bition of subsidies provided to export-ori- ented
industries. Both the EC and US have proposed sub- sanative changes in the agreement on subsidies.
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Infosys net up 50%; revises guidance
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India
Business News: RIDING ON bigger orders and higher prices, Infosys Technologies Ltd announced a better-than-expected net profit of Rs 800 crore for the first quarter of 2006-07, a whopping year-on-year growth of 50.4 per cent, on Wednesday. The net profit increased sequentially.
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India most preferred pvt banking destination
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India
Business News: INDIA IS emerging as one of the most preferred private banking destinations at a time when the global private banking and wealth management industry is witnessing a boom in the M&A (Mergers and Acquisition) activity, a KPMG report has said....
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Tata Motors to raise rates, hikes dividend
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India Business News: TATA MOTORS may increase prices of its vehicles in the coming financial year. Citing increasing margin pressure due to rise in prices of four critical commodities, Tata Sons chairman Ratan Tata made the announcement in the company's annual general meeting here on Tuesday....
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MITTAL IMPACT - India Inc dreads MNCs
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India
Business News: THE HOSTILE acquisition of Arcelor by Mittal Steel and the stand taken by the government of India on this issue has sent shock waves through the India Inc. They are worried how to protect their companies from foreign predators. As Indian pro moters own less than 30 per cent..
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Hilton eyes mega expansion, including India
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India
Business News: Hotel group Hilton intends to expand its 2,800 worldwide properties to more than 4,000 within five years. The expansion drive follows the reunification of the Hilton brands under one company earlier this year when Hilton in America bought out its UK counterpart, Hilton Group....
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Industry offers help for ITI upgrade
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India
Business News: THE INDUSTRY has sought fiscal incentives from the Center for investing in industrial training institutes
(ITIs) in their up gradation and programmers. The finance ministry, sources said, may be favourably inclined to consider offering some form of fiscal sops to industry to...
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Lanka offers India, China blocks for oil exploration
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India
Business News: THE SRI Lankan cabinet has decided to offer India and China, blocks for exploration of oil off the north western coast of the island
country. But India is not exactly jumping with joy because a preliminary survey found that the areas were not promising. The state-owned Daily News on..
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Hedging grows in choppy market
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India
Business News: HOW ARBITRAGE WORKS Suppose an arbitrage fund has Rs 100 crore It buys different equities worth Rs 75 crore in the cash market in July Then, on the same date, it sells exactly the same number of these equities in the futures market, not carry any equity risk in its books
Normally..
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Indian BPO firm EXL Service acquires Inductis
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India
Business News: ExlService Holdings, Inc., one of the top five BPO firms in India, has announced the acquisition of Inductis, a leading strategy and analytics company serving the financial services and insurance industries.
As a result of the acquisition, Inductis will become a wholly-owned and independently branded subsidiary of EXL, focusing on....
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Sebi to allow lending of shares, volatility may rise
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New Delhi (India News): Lending of shares, to sell them without owning, would be allowed soon. M Damodaran, chairman of Sebi, said its board has discussed various concerns over lending of shares with a view to implement it.
Brokers and analysts feel that the implementation of stock lending would increase volatility in the market. But, at the...
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Mittal’s super gift for Orissa
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Unveils Rs 30,000-40,000-Cr Plan For A 12 MT Steel Plant
Bhubaneswar News (India): Aiming to concretise his India dreams, Lakshmi Niwas Mittal on Friday gave a belated rath yatra gift to Orissa, announcing a 12 million tonne per annum (MTPA) steel facility in the eastern state with an estimated investment of Rs 30,000 crore to Rs 40,000 crore. The steel king said he hoped to sign an MoU in the near future.
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ONGC, GAIL sign 15-year gas deal
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India
Business News:PUBLIC SECTOR majors Oil and Natural Gas Corporation Ltd (ONGC) and GAIL (India) Ltd here on Friday signed a 15-year gas supply agreement (GSA) for the supplies from ONGC oil and gas fields. The GSA was signed by ONGC CMD R.S. Sharma and GAIL CMD Proshanto Banerjee....
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Dell wants to use India's technical abilities: Rollins
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Gurgaon
(India News): Dell is the top seller of computer systems worldwide. The $56
billion company, based in Texas, has a significant presence in India. It
recently announced its fourth customer contact center to be located in Gurgaon.
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Indian Backoffice Firm Exl Buys Inductis
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India
Business News: Indian backoffice firm ExlService Holdings Inc said on Thursday that it had bought financial analysis firm Inductis to broaden its menu of services, according to media reports.Inductis has offices in Gurgaon near New Delhi, New York, New Jersey and Singapore and posted revenue of about $20 million in 2005.
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Gurgaon
Property:Residential Property, Commercial Property,
Agriculture Property, Industrieal Property & Farm House
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Gurgaon’s rocketing realty reality is not a slave to
up market satellites of New Gurgaon now. Citizens are looking past
the millennium town now, moreover according to industry
connoisseurs, the subsequent destination for realty investors is the
Gurgaon-Sohna road, on the Delhi-Jaipur highway. |
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