Tata Communications to invest $430 million in Asia + Data centres at Singapore

by

Tata Communications, [earlier VSNL] a Tata group company, has announced an investment of $430 million in Asia Pacific for an Asian Internet data centre and cable system. The investment in the Internet data centre will be about $180 million, while the investment for the cable system will come to $250 million. The cable system will … Read more Tata Communications to invest $430 million in Asia + Data centres at Singapore

FII net sellers of Rs 35 cr in cash market on 11th

by

Foreign institutional investors (FIIs) were net sellers of Rs 34.76 crore (provisional) in the cash mart on Wednesday, according to information available on the BSE website. While FIIs made gross purchases of Rs 903.24 crore, their gross sales aggregated Rs 938 crore. Domestic institutional investors (DIIs) were net sellers of Rs 75.27 crore (provisional) on … Read more FII net sellers of Rs 35 cr in cash market on 11th

BEL MoU with SELEX Galileo for collaboration on EW programmes

by

Navratna defence PSU Bharat Electronics Ltd (BEL) and SELEX Galileo have signed an MoU which will explore potential opportunities in the field of Electronic Warfare in the Indian market for offset requirements and contract manufacturing for export markets. Current opportunities include offset requirements in MoD programmes like MMRCA, wherein SELEX Galileo is participating through global … Read more BEL MoU with SELEX Galileo for collaboration on EW programmes

Astra Microwave inks MoU with BEL for RF and microwave products

by

Astra Microwave Products has inked a Memorandum of Understanding (MoU) with PSU electronics major Bharat Electronics (BEL) for RF and microwave products. As per the pact, the two companies will come together to form a joint venture (JV) wherein Astra will have a majority 51% stake while BEL will hold the balance stake. The proposed … Read more Astra Microwave inks MoU with BEL for RF and microwave products

US H-1B visa issue not to impact Indian IT industry

by

The stimulus package being considered by the US Senate has inserted a condition on companies which will be receiving aid from the stimulus package. Such companies will not be able to use H-1B visa to hire foreign employees if they had laid-off US citizen employees in the last six months. Many analysts have raised apprehensions … Read more US H-1B visa issue not to impact Indian IT industry

Pantaloon Retail bucks the trend in January sales

by

Pantaloon Retail (India) has registered an increase in sales by 23.17% to Rs 752.02 crore in January 2009, as against Rs 610.56 crore during January 2008 from its value, life style and home retailing verticals. The company’s value retail sales grew by 21.08%, to Rs 452.87 crore during the month as compared to Rs 374.04 … Read more Pantaloon Retail bucks the trend in January sales