U.S. investment in India will go up further, says Attorney
The U.S. investment in India is on the rise over the last few months and will increase further, even as the dollar is getting weaker by the day, U.S. Attorney Michael Kraus said here on Monday.
“It is cheaper to produce goods in India, but it is expensive to export goods from India as the buyers [...]
Orchid Group of Hotels to invest Rs 1,000 crore for setting-up seven properties
The Orchid Group of Hotels is planning to invest over Rs 1,000 crore to set-up seven five-star category hotels in India. The properties will come up in the next 18 months in Tier I cities like Bangalore, Chennai, Jaipur and Kolkata among others. “The Group has essentially been into management contract business with few completely-owned [...]
Laptops Lookout for New Nokia N810
Nokia N810 Internet Tablet has begun shipping nationwide in the United States from November 19, 2007. This model is slimmer and easier to hold and comes with a slide-out keyboard.
The Nokia N810 provides a premier, portable internet experience with its large color display, touchpad screen, slide-out keyboard, 400 MHz processor, Mozilla-based browser and up to [...]
Thai Airways to boost Indian services from 2008
Thai International Airways is increasing the frequency of its flights from Bangkok to India to 10 flights a week, from the summer of 2008. The decision comes on the back of soaring demand for the carrier’s service. In the process the carrier would have also advanced its timeline by six months.
The carrier has applied to [...]
Samsung unit launched at Sriperumbudur
Digital technology leader, Samsung India Electronics Pvt Ltd, dedicated its state-of-the-art manufacturing facility at Sriperumbudur, near Chennai, on November 13, 2007. The unit, Samsung’s second manufacturing facility in India, was inaugurated on site by Tamil Nadu Chief Minister M Karunanidhi in the presence of Union Minister for Communications & IT, A Raja, vice-chairman and CEO, [...]
Cognizant completes acquisition of MarketRx
Cognizant Technology Solutions has completed the acquisition of New Jersey based MarketRx, provider of analytics and related software services to global life sciences companies.
The company had said last month that it had signed a definitive agreement with MarketRx to acquire it for $ 135 million in cash, to be funded through its cash reserves.
The acquisition [...]
Calsoft to acquire US consulting firm
To strengthen its enterprise offerings in the analytics and business rules management space, Chennai-based California Software (Calsoft) will acquire a 100% equity stake in technology consulting firm International Innovations Inc. The target company’s valuation will be capped at a maximum of $1.32 million (approximately Rs 5.3 crore).
The letter of intent (LoI) to purchase the Mountain [...]
Chennai firm launches online tool for retail investors
Chennai based INXS Technologies Ltd Tuesday unveiled a wealth management online solution called ‘Market Simplified’ aimed at India’s retail investors.
The product has been launched in the US market simultaneously.
‘Every investor wants to invest his money. The more difficult job is to protect investments. What we have done is to simplify the process involved in investments,’ [...]
Aurionpro Solutions acquires Integro Technologies of Singapore
Aurionpro Solutions Ltd has informed the BSE that it has entered into an all-cash deal to acquire 100 per cent control in Integro Technologies Pte Ltd, a leading banking products company headquartered in Singapore.
Integro’s product portfolio include products in the areas of loan origination, collateral management for Basel II compliance and Internet banking.
Headquartered in Singapore, [...]
After Malar, Fortis eyes Chennai’s Lifeline
The Ranbaxy group-promoted Fortis Healthcare appears to be in a tearing hurry to increase its footprint in the south. Fresh from acquiring the 180-bed Malar Hospital in Chennai, Fortis has now set its sight on the 450-bed Lifeline Hospital chain in Chennai. The Delhi-based healthcare major is believed to have made an offer to acquire [...]
