India, Companies



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Intelenet looks to UK for growth
Intelenet Global Services, one of India's largest business process outsourcing companies, has acquired the back-office operations of FirstGroup, the UK transport company

TCS outlines its Asian ambitions
Tata Consultancy Services, India's leading IT and outsourcing group, hopes to quadruple its market share in Asia outside India within five to seven years, according to its top executive for the region

Satyam case tests foreign investors' rights
A legal case brought in New York against the outsourcing company will show how far overseas shareholders in Indian companies are able to seek damages through class-action lawsuits

Essar to buy Trinity for up to $600m
The Indian conglomerate agrees to buy Trinity Coal for $550m-$600m in a deal signalling the return of the country's industrial groups to the global acquisition trail

Reliance keeps cool amid 'hyper-competition'
Syed Safawi, the head of the wireless division at Reliance Communications, says it is a fact of life that Indian telecoms subscribers now constantly switch between...

India's government should try harder
India has now reached the point in its development when what is needed is persistent improvement across a wide front. This is not a sprint, but a marathon. The budget represents a small step in this race

Big B embraces the drive to build brands
Bollywood actor Amitabh Bachchan is part of a burgeoning trend amongst India's biggest celebrities to tap into the taste for consumerism amongst a growing middle class

Viacom and News Corp targeting India
The Indian ventures of US media houses Viacom and News Corp are to use cricket and Bollywood as weapons in their battle for the world's second-largest cable TV market.

Tata secures £340m for Jaguar Land Rover
Tata Motors, India's largest carmaker, secured a long-awaited £340m loan from the European Investment Bank, completing the fundraising for its struggling Jaguar and Land Rover marques

India's telecoms groups set for 3G auction
India is to launch in April its auction of third-generation mobile phone spectrum in what is likely to be a closely fought battle between operators

Indian steel producer looks overseas
The Steel Authority of India is seeking to buy mining assets in Australia, the US and Africa to bolster the resource security of Asia's third-largest economy

India's Wipro heads for cloud computer land
At the Bangalore-based group, about 500 employees are hooked up to shared servers and software – to study the potential of a trend that could change the way outsourcing works

'Bandit' handset makers seek legitimacy
Manufacturers hope production in India will help them gain political capital in the country, and comes after India last year started to crack down on Chinese-made grey market handsets

Bharti founder closer to pan-African dream
Sunil Bharti Mittal, the founder of Indian telecoms group Bharti Airtel, has been dreaming of a foothold in the African continent for at least two years

New Delhi offers to suspend mine deals
The government has offered to suspend contracts with mining companies in parts of the country in a bid to persuade Maoist rebels to lay down their weapons