Business

Business

Tata Motors to raise Nano output by a fifth

TATA MOTORS, India’s largest vehicles maker, is planning to ramp up production of its Nano, billed as the world’s cheapest car, by a fifth...

Vanished Moody’s analyst told to pay SEC $34.6m

A FORMER Moody’s Investors Service analyst who bolted for India and cannot be found was ordered to pay $34.56m (£21.15m) in a US Securities...

Diageo splashes out to tap whisky boom

DIAGEO Plc, the largest producer of Scotch whisky, is to invest over £1bn  ($1.5bn) in the drink over the next five years to meet...

India plans to triple trade with Africa, deepen ties

INDIA expects to triple trade with Africa over the next five years to reach $100bn, officials said today, as it tries to strengthen ties...

Rupee gains 7 paise against dollar in early trade

 Rupee firmed up by 7 paise to 67.84 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange on increased...

Indian IT firms among world’s worst paymasters

INDIAN IT companies are among the 10 worst paymasters in the world, says a survey - a mid-level IT manager draws an average salary...

Surat, India’s diamond hub fears more job losses as Chinese demand slows

A YEAR ago, India's diamond capital hit the headlines when one of the largest polishing companies in the western city of Surat treated hundreds...

Tesco and MoneyGram team up to deliver in-store transfer service

SUPERMARKET Tesco have launched a MoneyGram service which will enable customers to transfer and receive funds internationally in store. All Tesco Superstores and Extras...

Fraud-hit Satyam agrees legal payout to British firm

FRAUD-HIT Satyam has agreed to pay $70m (£43m) to British payment services firm Upaid, settling one of several lawsuits against the Indian outsourcing company....

Serco buys India’s Intelenet

BRITAIN’S Serco is to buy Indian outsourcing company Intelenet for up to £385m ($634m) as part of a drive into higher-growth overseas markets.London-based outsourcer...