Volvo merges Indian bus operations with group arm Volvo India January 05, 2016 10:47
Volvo Group, Swedish auto giant, has merged Volvo Buses India (its Indian bus operations) with its group arm Volvo India Pvt. The merger came into effect form 31 December 2015. The move makes Bangalore-headquartered Volvo…
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New scheme cheers textile industry, A-TUFS January 02, 2016 13:44
The decision from the Union government to launch an amended technology upgradation fund scheme has lightened the textile industry. The new scheme is a replacement for the existing revised, restructured TUFS. The financial burden of…
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Greybull Capital to buy Tata Steel UK unit December 23, 2015 10:32
Tata steel is in discussion to sell its UK-Based Unit to Greybull Capital, an investment firm. The news is in accordance with the statements from two firms. This news gave a boost to troubled steel…
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Google, Ford discuss on autonomous cars December 22, 2015 12:27
Google is in discussions with Ford on building its autonomous cars, according to reports from Automotive News which cited a person with related project knowledge. If the contract manufacturing deal gets finalized, it would come…
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Medical device sector now delinks from Pharmaceutical sector? December 12, 2015 10:23
Good news for medical device sector, as its long standing demand for delinking from the Pharmaceutical sector was accepted by the government. The health ministry accepted to delink schedule M III of the Drug Rules…
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Global solar alliance plans by India, France November 30, 2015 12:46
Indian Prime Minister Narendra Modi and French President Francois Hollande are to launch a game changing international solar alliance, as an effort to bring affordable and clean solar energy to all.According to a statement from…
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HSBC Holdings’ private banking unit to close in India November 28, 2015 06:54
As a part of group strategy, HSBC Holdings is in the edge of closing its private banking unit in India. This marks the exit of another foreign bank from the wealth management business in India,…
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Ola appoints Infosys’ CEO advisor as Chief Financial Officer November 27, 2015 13:22
Ola, an App-based cab operator, has named Rajiv Bansal, advisor to Infosys’ CEO, as Chief Financial Officer. From January 2016, Mr. Bansal will join the start-up. He resigned from Infosys. He will be a part…
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Largest ever deal in healthcare of over $150 billion set by Pfizer November 23, 2015 08:08
On Sunday, a formal board approval came from Pfizer to acquire Botox maker Allergan in a deal more than $150 billion, which is largest ever in the healthcare sector. The deal that would be announced…
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Resurgent Rajasthan-2015 draws Rs 3.3 lakh crores, 2.5 lakh jobs November 20, 2015 07:25
Rajasthan Chief Minister Vasundhara Raje seemed quite happy to announce Resurgent Rajasthan-2015 has drawn Rs 3.3 lakh crores with 2.5 lakh jobs on cards. Resurgent Rajasthan-2015 managed to sign 295 MoUs with potential to generate…
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Infosys announces completion of Noah Consulting acquisition November 19, 2015 12:41
Infosys, the second-largest software services company of India, has announced the completion of Noah Consulting acquisition. Noah is a US-based oil and gas consulting company. Previous month, he acquisition of Noah Consulting was announced by…
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First time in Indian operation Apple crosses sale mark of $1billion November 19, 2015 05:14
For the first time in Indian operations, Apple crossed the sale mark of $1-billion in the year ended March, as per the results filled on Wednesday with the Registrar of Companies (RoC). The company posted…
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