The shipping fraternity in India condemns the sentence and fine imposed on two Indian seamen in South Korea and threatened to start agitation. Two offices, Captain Jasprit Chawla and Chief Officer Syam Chetan of Hebei Spirit are accused of oil spill in the Korean waters.
Indian economy would grow at 7-8% as per mid-year economic review, presented in Lok Saba by the Minister of State for Finance, Mr. Pawan Kumar Bansal. Global factors, such as slowdown and financial crisis would impact the Indian economy to a significant extent despite various measures taken by the apex bank and the government to mitigate its impact. Post August period has adversely hit the Indian equity and the foreign exchange markets besides debt and credit markets.
Fortis Healthcare has announced that it will raise Rs 1,000 crore through rights issue for funding its debt repayment and business expansion.
The company said that the proceeds of the right issue would be used primarily for funding projects including the upcoming Medi-City project in Gurgaon, redemption of preference shares, repayment of short-term debt, upgradation of existing facilities and tapping future investment opportunities.
Indian software and outsourcing giant Wipro Technologies, is all set to buy the IT arm of Citigroup for around $127 million. Citi Technology Services deals with IT services and solutions of City group's Indian operations.
Citigroup would outsource all future infrastructure management contracts to Wipro. The Indian firm would also absorb about 2000 employees of City in its Mumbai and Chennai offices. It would provide all infrastructure and development related aids to the bank for six years, to assure revenue of at least $500 million.
Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.
However, Maruti Suzuki India Managing Director, Shinzo Nakanishi said that the company was yet to agree on the exact number of cars it would supply to Nissan.
Nakanishi also indicated that if the market condition does not improve then the company may consider production cut.
The World Bank has decided to ban, India's top computer software services provider Satyam Computer, for eight years, starting from September this year. The company has been charged with the data theft and paying bribes to its staff for its vested interests. The bank has decided to snap all business ties with the computer giant, following a flood of complaints.
The shipping fraternity in India condemns the sentence and fine imposed on two Indian seamen in South Korea and threatened to start agitation. Two offices, Captain Jasprit Chawla and Chief Officer Syam Chetan of Hebei Spirit are accused of oil spill in the Korean waters.
Indian economy would grow at 7-8% as per mid-year economic review, presented in Lok Saba by the Minister of State for Finance, Mr. Pawan Kumar Bansal. Global factors, such as slowdown and financial crisis would impact the Indian economy to a significant extent despite various measures taken by the apex bank and the government to mitigate its impact. Post August period has adversely hit the Indian equity and the foreign exchange markets besides debt and credit markets. 
Fortis Healthcare has announced that it will raise Rs 1,000 crore through rights issue for funding its debt repayment and business expansion.
Indian software and outsourcing giant Wipro Technologies, is all set to buy the IT arm of Citigroup for around $127 million. Citi Technology Services deals with IT services and solutions of City group's Indian operations. 
Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.
The World Bank has decided to ban, India's top computer software services provider Satyam Computer, for eight years, starting from September this year. The company has been charged with the data theft and paying bribes to its staff for its vested interests. The bank has decided to snap all business ties with the computer giant, following a flood of complaints. 
