Company News

Indian technology giant TCS to buy Citigroup's outsourcing arm

Indian technology giant TCS to buy Citigroup's outsourcing armNew Delhi - Indian information technology major Tata Consultancy Services (TSC) announced Wednesday it would acquire Citigroup's India-based outsourcing arm in an all-cash deal estimated at 505 million dollars.

TCS signed an agreement with Citigroup Inc to acquire its entire interest in India-based Citigroup Global Services Limited (CGSL), the company said in a press release.

Toyota's shares plunge on earnings worries

Toyota, Matsushita to hike production of batteries for hybrid carsTokyo - Shares of Toyota Motor Corporation fell sharply Wednesday after a report that Japan's leading carmaker will cut its earning forecast by 40 per cent owing to shrinking demand triggered by the global financial crisis.

Citing informed sources, the Japanese business daily Nikkei reported that Toyota has to adjust its profit forecast downwards by 40 per cent for the current business year, ending March 31.

ONGC to implement its Uranium project soon

The Oil & Natural Gas Corporation (ONGC) celebrated its golden jubilee for ONGC to implement its Uranium project soonits very first breakthrough in the field of oil 50 years back in Lunej, Cambay Basin off the Gulf of Cambay, Gujarat. Alongside the event another proposed plan of the firm was disclosed as the company readies itself for exploration in Uranium.

Strides Arcolab gets USFDA approval for manufacturing unit

Strides Arcolab gets USFDA approval for manufacturing unitStrides Arcolab, one of the leading Indian pharmaceutical company, has informed that the U.S. Food and Drug Administration (USFDA) had approved its oral dosage manufacturing unit in Bangalore.

Following this approval, Strides will be able to export drugs with regulatory approval to the United States.

Recently, the company has secured two abbreviated new drug application (ANDA) approvals for Dexamethasone injection in the strength of 4mg/ml and Dexamethasone Sodium Phosphate injection, in the strength of 10 mg /ml.

Spanco inks BPO deal with Spice Televentures

Spanco inks BPO deal with Spice TeleventuresSpanco Telesystems an

Everonn System gets LoI for the contract worth Rs 6.85 crore

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