Business

Business

Group CEO of India’s Tata Motors resigns

INDIA’S leading vehicle maker Tata Motors said on Friday (September 9) its group chief executive and managing director Carl-Peter Forster had resigned with immediate...

India’s July car sales plunge most in nearly 3 years

INDIAN car sales slid almost 16 per cent in July from a year ago, their biggest drop in nearly three years, as steep borrowing...

Standard Chartered profits rise 20 per cent on Asia growth

STANDARD Chartered, the British-based emerging markets bank, posted record net profits of $2.5bn (£1.52bn) in the first half of 2011 as revenues surged in...

New Delhi ‘approves BP-Reliance deal’

MINISTERS in India yesterday approved a $7.2bn (£4.43bn) deal between Reliance Industries Limited and Britain’s BP, the Economic Times newspaper reported on its website. ...

Ferrari launches in India, eyeing growing super-rich

FERRARI launched its first dealership in India today, with the aim of satisfying demand for flashy cars from the growing class of Asia’s super-rich.The...

Defence firms vie for India orders at air show

GLOBAL defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products...

Top court cancels bail to Satyam’s Ramalinga Raju

INDIA’S Supreme Court yesterday cancelled bail granted to the founder of IT outsourcing firm Satyam, who is accused of staging the country’s biggest corporate...

ArcelorMittal to build smaller plants in India

AS PART of a new strategy for  India, ArcelorMittal today said it will build, to begin  with, smaller steel plants in India’s states of...

India wants Google, Skype to set up local servers

INDIA’S government today said BlackBerry, Google, Skype and other communications providers must set up servers in the country to allow security forces to intercept...

Ford to storm India with eight new models, create export hub

US AUTO giant Ford Motor said yesterday it would storm the fast-growing Indian market with eight new models and turn the nation into an...