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PM Modi inaugurates 9th Vibrant Gujarat Global Summit in Gandhinagar

The main theme of 9th edition of Vibrant Gujarat Global Investors Summit 2019 is “Shaping a new India. Speaking at the inaugural function, PM Modi said that India is ready for business as never before. PM Modi said, in last 4 years, we have jumped 65 places in World Bank’s Doing Business Report and his team is worker harder to ... Read More »

Oscar Global to dispose undertakings including land, building

Oscar Global has decided to sell, lease or otherwise disposing of the whole or substantially the whole of the undertaking of the company (including Land & Building). The resolution regarding this has been passed with the requisite majority, on December 6, 2018. Oscar Global was incorporated in 1990 by a private Indian party and mainly produces Leather apparel & clothing ... Read More »

Jet Airways offers happy holidays year-end global sale

Jet Airways is offering ‘Happy holidays year-end global sale’ to its customer with discounts of up to 30% on their domestic and international travel across the airline’s vast network open for booking from the 5th to the 11th of December. The airline will offer special discounts of up to 30% on base fare for return travel in Premiere and Economy ... Read More »

Sensex tanks 250 pts on RBI status quo, grim global cues

Mumbai :  Benchmark indices nursed losses for the second straight day Wednesday as the RBI left the repo rate unchanged, while global markets wobbled on renewed concerns over the US-China trade dispute. The BSE Sensex tumbled 249.90 points, or 0.69 per cent, to close at 35,884.41. Similarly, the broader NSE Nifty fell 84.55 points, or 0.74 per cent, to end ... Read More »

Infosys publishes global research on data analytics from Infosys Knowledge Institute

Infosys has published a global research on data analytics from the Infosys Knowledge Institute. The survey titled, ‘Endless possibilities with data: Navigate from now to your next’, reveals that a majority of organizations are deploying analytics to enhance customer experiences and mitigate risk. This research tries to understand how data analytics is becoming core to driving digital transformation for enterprises ... Read More »

HCL, Broadcom enter into global preferred services partnership agreement

HCL Technologies (HCL) and Broadcom Inc. have entered into a global preferred services partnership agreement. Effective immediately, HCL becomes the preferred services partner for Broadcom’s enterprise software products (part of former CA Technologies) and will provide professional services, education and training services. Broadcom customers will have access to HCL’s technological expertise across consulting, implementation, upgrade and support services. In addition, ... Read More »

Infibeam enters into agreement to invest in Instant Global Paytech

Infibeam Avenues (Infibeam) has entered into an agreement for investment in Instant Global Paytech. The company aim to make strategic investment to enable access of digital payment platform for unbanked and underbanked individuals with deeper penetration of digital payment capabilities. The cost of acquisition is Rs 6 crore. Infibeam is engaged in providing online retail services. Read More »

Hero MotoCorp extends its global ride with tiger woods

Hero MotoCorp has renewed its association with the globally admired, Golfing great Tiger Woods. The journey of the Heroes began in 2014 when the company has signed Tiger as its Global Corporate Partner. The company has also been the title sponsor of the invitation-only PGA TOUR event hosted by Tiger Woods since 2014. The company also recently extended its title ... Read More »

Bharti Airtel’s arm appoints global banks for intended IPO on International stock exchange

Bharti Airtel’s subsidiary — Airtel Africa — has appointed global banks for an intended IPO on an international stock exchange. The banks appointed are J.P. Morgan, Citigroup, BofA Merrill Lynch, Absa Group, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group. This follows the recent subscription of shares in Airtel Africa by six leading global investors comprising ... Read More »

TCS features as leader in IDC MarketScape for Global DevOps Services

Tata Consultancy Services (TCS) has been recognized as a Leader in the IDC MarketScape for Global DevOps Services. According to the report, TCS was rated highly for its capabilities in partnerships, delivery centers, and R&D and training investment areas. The report also noted, TCS customers gave strong satisfaction reviews and commented positively on TCS’ ability to create long-standing partnerships with ... Read More »

Casino and Resort Chain selects Ramco Systems’ Global Payroll platform

Ramco Systems’ Global Payroll platform has chosen by one of the world’s leading Casino and Resorts provider to manage its multi-country Payroll across Asia and Mediterranean region on a unified platform. The award winning Casino & Entertainment company will be implementing Ramco’s Global Payroll platform on a private cloud and integrating it to Workday HCM & Financials. The client who ... Read More »

KIOCL initiates negotiations with global Steel manufacturers for sale of pellets

KIOCL has initiated negotiations with major global Steel manufacturers for entering into long term and spot market for sale of pellets for the next financial year. KIOCL is expanding its business by setting up of Pellet Plants throughout India wherever market and raw material security exists. The company is expected to complete all approved Projects i.e. Development of Mine, Modernization ... Read More »

Tata Global Beverages enters into LOI with Tata Steel’s arm

Tata Global Beverages has entered into a ‘Letter of Intent’ (LOI) with Tata Steel Special Economic Zone, a wholly-owned subsidiary of Tata Steel, for setting up a Tea Packaging Unit in Gopalpur Industrial Park, Orissa, which will be used for the operation of manufacturing and storage of Tea and also will be used as Warehouse of all products of the ... Read More »

Tata Motors Group reports 6% growth in global wholesales in October

Tata Motors Group global wholesales in October 2018, including Jaguar Land Rover, were at 1,09,597 nos., higher by 6%, as compared to October 2017. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in October 2018 were at 44,380 number, higher by 19%, over October 2017. Global wholesales of all passenger vehicles in October 2018 were at ... Read More »

Tech Mahindra looks at upcoming global 5G rollouts as big opportunity

Tech Mahindra is looking at upcoming 5G rollouts in global markets as a big opportunity. The communication vertical accounted for 41.5 percent of its Rs 8,629 crore revenue in the September quarter. The revenue share of the segment had stood at 45.2 percent in Q1FY18, which had steadily declined to 39.6 percent by Q1FY19 before going up. Tech Mahindra is ... Read More »

Bajaj Finserv’s JV wins Dale Carnegie Global Leadership Award 2018

Bajaj Finserv’s JV – Bajaj Allianz General Insurance Company has won the prestigious Dale Carnegie Global Leadership Award 2018 by Dale Carnegie of India. The first runner-up award was presented to Infosys BPM and Cisco Systems bagged the second runner-up award. The top 6 nominees shortlisted for the award also included The Lalit, L&T Technology Services and Hindustan Petroleum Capital. ... Read More »

Six Global Investors invests $1.25 billion in Bharti Airtel’s arm

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have completed investment of $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa. This investment demonstrates the confidence of leading global investors in the company’s ongoing robust growth and profitability. The investment also reinforces the increased growth potential of the Africa telecommunications sector. Bharti ... Read More »

Biocon features in top global pharma & biotech employers list 2018

Biocon has moved up in the Top 10 Global Biotech Employers ranking for 2018 and continues to be the only company from Asia to feature on the prestigious U.S.-based Science magazine’s annual ‘Science Careers Top 20 Employers’ list, since its debut in 2012. Ranked at No. 7 amongst global pharma and biotech companies in 2018, Biocon’s position has moved up ... Read More »

Six Global Investors to invest $1.25 billion in Bharti Airtel’s arm

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa, through a primary equity issuance in the company at a post money equity value of $4.4 billion. This investment demonstrates the confidence of leading global investors in the company’s ongoing robust ... Read More »

OutSystems selects Persistent Systems as global partner

OutSystems, provider of the number one platform for low-code rapid application development has recognized Persistent Systems as a Global Partner, its highest partnership level. Persistent, a global leader in software and technology development, and OutSystems have strengthened their strategic alliance to make it easier for customers to launch products and service lines, transform customer experience, and automate business processes. With ... Read More »

L&T features in Forbes’ Global 2000 best employers list

Larsen & Toubro (L&T) has been featured among the top 25 companies in the Forbes’ Global 2000 best employers list that is led by Google parent Alphabet. While L&T is ranked 22, there are only four domestic firms in the top 100 list which includes Mahindra & Mahindra, Grasim Industries and HDFC. L&T is an Indian multinational engaged in technology, ... Read More »

OnMobile Global inks agreement to acquire Appland AB

OnMobile Global has signed a definitive agreement to acquire Appland AB, one of the world’s most popular games and kids App Clubs subscription services. This acquisition reflects the increasing importance of OnMobile’s strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all continents. Appland AB is a pioneer in cloud-based mobile distribution ... Read More »

Tech Mahindra wins Golden Peacock Global Award

Tech Mahindra has won the coveted Golden Peacock Global Award for the excellence in corporate governance- 2018 instituted by Institute of Directors, Delhi (IOD). The Golden Peacock Awards are regarded as a benchmark of Corporate Excellence worldwide. The awards aim to promote business excellence by providing a Framework or Criteria for assessment that is based on similar principles as other ... Read More »

DQ Entertainment’s Jungle Book, Peter Pan get global Master Toy licensee

European & Global Licensing (EGL), Netherlands has been named the global master toy licensee for DQ Entertainment’s (DQE) Jungle Book and Peter Pan franchises. Under the terms of the agreement and in collaboration with DQE, EGL will design, produce and bring to market a wide variety of plush and figurine toys inspired by both the brands. EGL will hold the ... Read More »

Tata Motors Group reports 6% growth in global wholesales in September

Tata Motors Group global wholesales in September 2018, including Jaguar Land Rover, stood at 1,23,577 units, higher by 6%, as compared to September 2017. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in September 2018 were at 52,018 units, higher by 25%, over September 2017. Global wholesales of all passenger vehicles in September 2018 were at ... Read More »

Maruti Suzuki’s Swift gets 2-star rating from Global NCAP

Maruti Suzuki India’s premium hatchback — Swift has received 2-star rating for adult occupant protection after conducting crash tests from Vehicle safety group Global NCAP. Vehicles are rated from zero to five based on their safety features and automobiles with higher rating are considered more safe for occupants. Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer ... Read More »

2nd day of Global Mobility Summit talks Modi’s 7-C formula

Day two of the Move Global Mobility summit saw several Union Ministers and Chief Ministers chairing and participating in several sessions. The idea is to showcase innovations and work towards building a platform to shape the future of mobility.  This Summit will set the base for a transport system which is safe; clean, shared and connected…a transport system that is affordable, accessible and inclusive. Urban Affairs Minister ... Read More »

PM Modi inaugurates India’s first ever Global Mobility Summit

Summit that is focused on making Indian cities pollution free, saw PM highlighting the fact  that congestion free mobility is critical to check the economic and environmental costs of congestion. Underlinig the fact that Charged mobility is the way forward, PM Modi asserted that focus of India’s entrepreneurs & manufacturers is now to develop and deploy breakthrough battery technology. PM ... Read More »

PM inaugurates Global Mobility Summit

Summit that is focused on making Indian cities pollution free, saw Prime Minister highlighting the fact that congestion free mobility is critical to check the economic and environmental costs of congestion. Underlining the fact that charged mobility is the way forward, Prime Minister Modi asserted that focus of India’s entrepreneurs & manufacturers is now to develop and deploy break-through battery ... Read More »

PM inaugurates first Global Mobility Summit

Saying that charged mobility is the way forward, PM Modi asserted that focus of India’s entrepreneurs & manufacturers is now to develop and deploy break-through battery technology. Prime Minister also stated his vision for future of mobility in India. He highlighted that the vision encompasses the important aspect represented by 7 C’s including common public transport. Asserting that mobility is ... Read More »

PM to inaugurate first Global Mobility Summit today

The raising awareness about various aspects of Mobility and bringing various stakeholders involved in enhancing mobility across different platforms, representative from various Intergovernmental Organizations, Academia, Policy Think tanks from India and abroad, Global leaders from across the mobility sector will deliberate in the 2-day Global Mobility Summit – MOVE beginning Friday in New Delhi. Prime Minister Narendra Modi will inaugurate ... Read More »

Payoneer Fuels Global eCommerce Expansion Amongst Sellers in their Second Edition of Annual Forum

Global MarketplacesAmazon, Tophatter, MyMall and Yandex from Russia, and Awok from the Middle Eastpresented to 1,000 Indian sellers at the Payoneer Forums Udaipur : Payoneer, an innovative cross-border payments company that drives global eCommerce, concluded their second annual Payoneer Forum in New Delhi and its first in Mumbai last week. This edition of Payoneer Forum brought together 1,000+ SME &MSME ... Read More »

Sensex falls 188 points on global cues, weak macro data

The rupee stoked more worries, slumping to an all-time low of 70.40 per dollar (intra-day). Sentiment took a hit after the country’s trade deficit soared to a near five-year high of USD 18 billion in July. The trade data was released by the Commerce Ministry on Tuesday after market hours. After opening lower at 37,796.01, the 30-share Sensex slipped further to touch ... Read More »

Strong Indian economy continues to lead global growth: IMF

“India now contributes, in purchasing power parity measures, 15 per cent of the growth in the global economy, which is substantial,” Ranil Salgado, International Monetary Fund’s mission chief for India, said. He said the IMF views India as a “long run source of global growth”. “India has three decades before it hits the point where the working age population starts ... Read More »

PM shares India’s growth story on global platform

Prime Minister Narendra Modi attended the third annual meeting of the Asian Infrastructure Investment Bank in Mumbai on Tuesday. This year’s theme is “Mobilizing Finance for Infrastructure: Innovation and Collaboration”. It  recognizes the private sector’s vital role in bridging the infrastructure gap. Prime Minister Narendra Modi presented India as one of the most investor friendly global economies. He said India ... Read More »

India showed global leadership by pledging to phase out single-use plastics by 2022: UN Environment chief

During an event to celebrate the WED-2018 on June 5 in New Delhi, Environment Minister Harsh Vardhan, in the presence of Prime Minister Narendra Modi, pledged to eliminate single-use plastics from India by 2022. “WED was truly historic. As global host, India took charge, organising hundreds of events around the country, from beach and river cleanups, to awareness-building efforts with ... Read More »

Global economy is healthy but growth will slow: World Bank

The anti-poverty agency predicts global growth will decelerate slightly from a solid 3.1 per cent this year to 3 per cent next year and 2.9 per cent in 2020. The world economy is generally healthy but must contend with rising interest rates in wealthier countries and weaker demand for commodities in developing nations. It also faces risks from trade disputes, ... Read More »

Sensex suffers more losses, slides 214 points on global cues

Unabated capital outflows by foreign funds and profit-booking by retail investors too dampened sentiments. There was caution among investors ahead of the May month derivatives expiry on Thursday. The 30-share index, which had lost 216.24 points in the previous session, drifted down by 214.13 points, or 0.61 per cent, to 34,735.11. The NSE Nifty cracked below the 10,600-mark by falling ... Read More »

Global Facebook users to get ‘good’ EU-style safeguards: Zuckerberg

Speaking at the VivaTech trade fair in Paris a day before new European data protection rules come into force Zuckerberg said Europe’s history had made its citizens particularly wary when it comes to data collection. “There are specific points about history in Europe. If you’re a German citizen and you grew up here you’re worried about the Stasi (former East ... Read More »

Global stocks fall on trade worries after Kim-Trump summit cancellation

Wall Street started the day in the red because after the US announced it would investigate auto imports on national security grounds, a move that could lead to yet more steep tariffs. The Dow and S&P 500 rebounded off earlier lows but still finished down 0.3 per cent and 0.2 per cent, respectively, while the Nasdaq was flat. While share ... Read More »

PM Modi, Putin hold “extremely productive” talks on bilateral, global issues

PM Modi, who arrived in Russia Monday morning, held his first informal summit with Putin and discussed a range of bilateral topics, including defence cooperation as well as global issues of common concern. “Farewell, my friend! In a special gesture symbolising our friendship, Russian President #Putin personally bid farewell to PM @narendramodi at the airport at the conclusion of PM’s ... Read More »

North Korea wants to join global effort to ban all nuclear weapons tests

“DPRK will join international desires and efforts for a total ban on nuclear tests,” North Korea’s ambassador to the UN in Geneva Han Tae-song said in an address to the Conference on Disarmament, using North Korea’s official acronym. His comment came amid a recent whirlwind of diplomacy and outreach by the long-isolated regime, and ahead of a historic summit next ... Read More »

Sensex falls over 100 points on weak global cues

The 30-share index, after opening 103.41 points higher, turned negative on profit-booking to quote 118.75 points, or 0.34 per cent, lower at 34,984.39. The gauge had lost 73.28 points in the previous session. The 50-share NSE Nifty also turned negative and shed 33.06 points, or 0.31 per cent, to 10,646.05 after a higher opening at 10,700.45. Top laggards were Asian ... Read More »

On farmer deaths, MP minister says suicides are a global problem

New Delhi: In a statement with all the ingredients for inviting criticism, a Madhya Pradesh minister appeared to downplay farmer deaths in his state by saying that suicides are committed the world over and are not limited to farmers alone. Although Union agriculture minister Purushottam Rupala – on March 20 – had informed Lok Sabha that there was a 21 percent rise ... Read More »

To Bring In-Flight Data Connectivity, Airtel Joins Global Consortium

India’s largest telecom operator Bharti Airtel has joined a new global collaboration to bring high-speed and uninterrupted in-flight data connectivity to mobile customers. The global partnership Seamless Alliance, whose other founding members include OneWeb, Airbus, Delta and Sprint, will work towards leveraging satellite technology to offer high-speed data connectivity to mobile users even when they are up in the air, an Airtel ... Read More »

Sensex drops below 34K, Nifty loses over 1.5% amid global fall

Mumbai : Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets. The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points ... Read More »

Indonesia’s Telkom to buy Malaysian satellite VSAT operator TS Global Network for US$26 million

Indonesian state-owned telecom firm, Telekomunikasi Indonesia has recently announced its majority stake acquisition in Malaysian satellite operator TS Global Network (TSGN) for MYR 108.5 million (about US$26 million). The deal sees 70 percent of the stake being traded and carried out by Telkom Indonesia’s subsidiary Telekomunikasi Indonesia International (Telin) and will be subjected to the approval of Malaysian authorities. “This ... Read More »