Search

In order to find and retain talented employees, the three main technology companies in India are raising wages and salaries and offering bonuses. Tata Consultancy Services Ltd., Infosys Technologies Ltd. Wipro Ltd., the Nos. 1, 2, and 3 largest in India are competing to get and keep the best people.

The $24 billion merger plans between India's Bharti Airtel Ltd. and South Africa's MTN Group Ltd. fell through because regulators were apprehensive about the structure of the deal. Investors were happy about the outcome, as the stocks of both companies rose in response to the merger discussions being cancelled.

The article discusses a shift in strategy in developing countries among consumer product companies such as Unilever PLC and Procter & Gamble Co. Instead of focusing on goods that can be sold in small quantities at low prices, firms are increasingly boosting both the quality and prices of their soap, shampoo, and other offerings. Slowing sales in developing markets have prompted companies to raise prices in search of growth.

The article discusses the potential impact of proposed U.S. immigration reform legislation on capping the number of Indian expatriates that can be employed by Indian information technology (IT) outsourcing firms at their U.S. offices. Topics include commercial relations between India and the U.S., competition for visas, and lobbying from U.S. IT companies as of April, 2013.

The article discusses efforts by smartphone maker Apple Inc. to improve sales of its iPhone smartphone in India and better compete there against rival Samsung Electronics. Apple has revamped its distribution system in India and increased its number of employees, and is offering no-interest loans for those buying Apple products.

The article reports on the declining role of investment banks in merger and acquisition deals in India.

The article reports on the amount raised by e-commerce company Flipkart Internet Pvt. in a funding led by Tiger Global Management in 2015.

The article reports on the imprisonment of Satyam Computer Services Ltd. founder Ramalinga Raju after the Indian court found him guilty of fraud in a 1 billion dollar accounting scandal that destroyed the company.

The article reports that Indian startup company Flipkart Internet Pvt. expects to become profitable within two years, according to its finance chief Sanjay Baweja and mentions topics such as plans to go public, possible acquisition of smaller technology companies, and history of the company.

The article reports on the growing venture capital investments into start-up companies and early stage companies in India by citing the reference of investments in online shopping websites including www.FabFurnish.com, Alibaba Group Raiding Ltd, and Baring Private Equity Partners India.

The article looks at the India-based online marketplace company Snapdeal.com, a subsidiary of Jasper Infotech Pvt., reporting on its effort to raise investment capital and noting that electronics manufacturing firm Hon Hai Precision Industry Co., known as Foxconn, may invest in the firm.

The article discusses Chinese electronic commerce (E-commerce) company Alibaba Group Holdings Ltd. investing in online payment and marketplace business company Paytm, a division of One97 Communications Ltd., in order to expand Paytm's marketshare and allow Indian customers to purchase from Alibaba.

This section offers world news briefs as of December 13, 2014 including a police investigation on a shooting attack on the Israeli Embassy in Athens, Greece, India's investigation on a high-profile Twitter social media account used to promote the views of the militant group Islamic State and increase in the factory output across countries that share the euro for two consecutive months in October 2014.

The article offers news briefs on aerospace company Bombardier's resuming of flight tests of its CSeries planes, an investigation of online retailer Amazon.com by the Indian Enforcement Directorate of the Finance Ministry, and coffeehouse chain Starbucks' introduction of express-style stores.

The article discusses the finances of the Indian electronic commerce company Flipkart Internet Pvt. as well as its attempts to gain investors, its competition with the electronic retail company Amazon.com LLC, and its executives Sachin Bansal and Binny Bansal.

The article presents information on the Indian technology startup company Ducere Technologies Pvt.'s development of the bluetooth-enabled Lechal smart shoe, which can be used by the blind and works with a smartphone application (app) that directs people where to go.

The article presents world news briefs as of July 22, 2014, stating that thousands are demonstrating in Bangalore, India protesting the alleged rape of a six-year-old girl, representatives of South Sudan rebels are set to hold talks with Ugandan President Yoweri Museveni, and the remains of South Korean businessman Yoo Byung-eun, who was sought over alleged embezzlement and tax evasion, was found in Suncheon.

The article discusses the performance of the information technology outsourcing company Infosys Ltd. as of June 2014, focusing on the impact of the return of the formerly retired co-founder N. R. Narayana Murthy on the company's financial position and the departure of some executives.

The article discusses a rally staged by Finnish phone maker Nokia Corp.'s employees in southern India over the possibility that their jobs will be cut when Nokia completes an asset sale with Microsoft Corp.

The article looks at automobile company Toyota Motor Corp. as of March 2014, reporting on a strike by employees at the factories of its majority-owned subsidiary Toyota Kirloskar Motor Pvt. near Bangalore, India, and discussing disputes over wages and an employee code of conduct.

The article briefly discusses a suit filed against chairman Charlie Ergen of satellite-television company Dish Network Corp. by hedge-fund firm Harbinger Capital, a discrimination suit filed against outsourcing company InfoSys Ltd., and a 10% decline in newsstand sales of magazines in the U.S. during the first half of 2013.

The article reports that the technology company Infosys Ltd. has appointed its founder N. R. Narayana Murthy to a position as executive chairman as of June 2013.

The article reports that the board of directors of outsourcing company iGate Corp. fired chief executive Phaneesh Murthy for his failure to report an alleged relationship with a subordinate in the company, and notes that Murthy claimed an allegation of sexual harassment made against him was false.

The article discusses the benefits of using light-emitting-diode bulbs to treat jaundice in infants, notably in emerging economies where health-care resources are limited, and discusses the Wipro GE joint venture between conglomerates General Electric Co. and Wipro Ltd. whose phototherapy systems use the bulbs.

The article reports that as of October 2012 the outsourcing-services firm Infosys Ltd. has posted a lower-then-expected second quarter 2012 profit, which drove down the company's shares on the Bombay Stock Exchange in Mumbai, India.

The article reports that liquor company Diageo PLC is trying to move into the Indian market by possibly acquiring a stake in United Spirits Ltd., a subsidiary of United Breweries Holdings Ltd as of September 25, 2012.

The article discusses the financial report for the first economic quarter of 2012 from the Indian software exporting company Infosys Ltd. and the price of its stock as of the close of business on April 13, 2012.