AHMEDABAD - India's Chief Economic Advisor Arvind Subramanian on Friday said that after the attack on black money through demonetisation, the country should now focus squeezing its flow. Delivered a talk on "The Surprise that is the Indian Economy" at the Indian Institute of Management, Ahmedabad, he said the need was to adopt a carrot and stick approach to prevent the flow and generation of black money.
NEW DELHI - India's largest telecom service provider Bharti Airtel on Thursday announced that it has inked a definitive agreement to acquire Telenor India. According to the telecom major, it has entered into a definitive agreement with Telenor South Asia Investments to acquire Telenor (India) Communications Private Limited. The acquisition is subject to requisite regulatory approvals. However, the company did not divulge the cost...
BENGALURU - Global software major Infosys on Monday refuted charges by an anonymous whistleblower, who alleged that its executives had personal interests in buying the US-based Panaya firm for $200 million in February 2015. "We refute the allegations made in the anonymous whistleblower letter. The assertions are libellous and aimed at tarnishing the company's image and its management," asserted the IT major in a statement here.
NEW DELHI - National flag carrier Air India on Thursday said it plans to lease and induct 14 A320neo (new engine option) aircraft in 2017. According to Air India's Chairman and Managing Director Ashwani Lohani, the airline will induct 14 A320neo this year. Lohani spoke at the induction ceremony of the first ever A320neo which joined the national passenger carrier's fleet on Thursday. Subsequently, the airline has become the third operator of the...
BENGALURU - Lockheed Martin on Thursday said it is getting all support from the US government for its plan to move the production facility of its F-16 next generation fighters to India. Randall L. Howard, F-16 Business Development head at Lockheed Martin, said at a press conference here that talks with the Indian government for the facility have reached a level where it is likely to turn into a government-to-government discussion.
CHENNAI - Automotive component maker Sundaram-Clayton Ltd. will set up a Rs 350-crore high-pressure die- and gravity-cast parts in the US as part of its Rs 750-crore expansion plan, a top company official said here on Thursday. The company will invest Rs 400 crore in its Indian plants for increasing its production capacity by 10,000 tonnes to 70,000 tonnes per annum in three years. Speaking about the US investment plans, Lakshmi Venu,
BENGALURU - Scoffing at media speculation on boardroom battles or spat between promoters and management on salaries, Infosys Chief Executive Vishal Sikka on Thursday told his nearly two lakh techies to focus on coding software. "As we head into the second half of Q4 (fourth quarter), let us focus on the execution of our strategy and not get distracted by media speculation that is designed to stir up gossip or rehash old rumours or speculate...
NEW DELHI - The Indian Commerce Ministry will soon hold a meeting with industry on dealing with the possible fallout of the changes in American H-1B visas regime for skilled workers, Commerce Minister Nirmala Sitharaman said on Monday. "There will be an impact on the Indian industry. As soon as Parliament session is over on February 9, I will hold a meeting with IT industry body Nasscom and industries having significant presence...
MUMBAI - Indian-born Microsoft CEO Satya Nadella will visit India for Microsoft's "Future Decoded" -- a flagship technology and business conference to be held in Mumbai on February 21-22. Nadella is scheduled to be engaged in conversations on how digital technology is empowering people and organisations across governments, education, banks, hospitals, e-commerce, entertainment and manufacturing organisations.
NEW DELHI - Hoping for a 17-per cent growth in taxes revenues, Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017-18, offering more money for welfare schemes, minor tax sops for individuals and small firms, with a fiscal deficit of 3.2 per cent of GDP. In his fourth budget as Finance Minister presented in the Lok Sabha, Jaitley also made some far-reaching changes in political funding, placing a cap of Rs 2,000...