Government Mulls Raising FDI Cap to 100 Percent for DTH, Cable Networks
Government is considering a proposal to raise FDI limits to 100 percent in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment and improve infrastructure. An inter-ministerial committee is considering FDI proposals, including hiking... read more »
Larsen & Toubro bags orders worth Rs 1,810 crore
Engineering major Larsen & Toubro (L&T) on Monday said it has bagged orders worth Rs 1,810 crore across various verticals so far in this month. The company’s construction arm has secured these contracts in the buildings and factories, water, power and transportation infrastructure... read more »
Indian IT companies among world’s worst paymasters
NEW DELHI: Indian IT companies are among the 10 worst paymasters in the world, says a survey — a mid-level IT manager draws an average salary of $41,213 while his Swiss counterpart gets over four times more. According to recruitment platform MyHiringClub.com’s Worldwide IT Salary 2015... read more »
Arun Jaitley pitches India story, finds takers in fund managers
NEW DELHI: Asserting that India’s macroeconomic parameters are sound, Finance Minister Arun Jaitley on Monday said that foreign investors are looking for alternatives to China when it comes to manufacturing, and are keen that the reforms process in India is not derailed. Fund managers remain... read more »
Exports declined by 20.7 percent in August, says Commerce Ministry
The Ministry of Commerce and Industry has said that India’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. In data appearing in the public domain, the... read more »
L&T gets Rs 1,700-cr job order to build Bangladesh power plant
Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based... read more »
Sun Pharma enters into agreement to acquire InSite Vision
Drug major Sun Pharmaceutical Industries has entered into an agreement with InSite Vision to acquire the US-based eyecare firm for around $48 million plus related debt and other transaction... read more »
Hewlett-Packard To Cut Up To 30,000 Jobs
Hewlett-Packard (HP) has embarked on a new round of job cuts as it prepares to be split in to two units. The technology firm said between 25,000-30,000 roles would go at HP Enterprise, a... read more »
Pak Senate chief warns against another military takeover
ISLAMABAD: Pakistan’s Senate chief has warned that constitutional checks to prevent yet another military takeover have become redundant in the country which has seen army rule for nearly half... read more »
