Business

Business

Satyam executives try to reassure wary investors

TOP EXECUTIVES of Satyam Computer struggled to reassure investors, employees and clients yesterday after the chairman of the beleaguered Indian outsourcing company resigned following...

India vows to end fraud as Satyam scandal rocks

INDIA vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been...

India signs $2.1bn defence deal with Boeing

INDIA has signed a $2.1bn (£1.4bn) contract with leading US aircraft manufacturer Boeing Co for naval patrol aircraft as part of an overhaul of...

Luxury brands still a tough sell in wealthier India

ON A RECENT evening at Mumbai's luxury Taj Mahal Hotel, shoppers tried on sequined sandals and handmade moccasins at Joy Shoes, an Indian family...

Tata group may need to invest $1bn in Jaguar

THE TATA group may have to pump in at least $1bn (£670m) to revive premium brands Jaguar Land Rover that was bought by Tata...

Bank of Baroda expands in 2009

BANKS worldwide are feeling the effects of the financial downturn, but for one financial institution, expansion is on the cards. Bank of...

ArcelorMittal, steel firms hit by record fine in France

FRENCH competition watchdogs slapped a record fine of 575 million euros ($785m/£526.3m) on global steel giant ArcelorMittal and another 10 steel firms found guilty...

World Bank to lend India infrastructure, aid funds

THE WORLD BANK said today it will lend India $14bn (£9.34bn) by 2012 to help the country overhaul its creaking infrastructure and increase living...

Corus trade unions offer pay cut to save factory’

TRADE unions at Indian-owned steel group Corus have proposed a 10 per cent pay cut for the next six months in an attempt to...

Arun Sarin considered for Yahoo top job

THE former chief executive of Vodafone Group Plc, Arun Sarin, is among those being considered by board members at Yahoo Inc to take the...