Maharashtra to spend Rs.15 Bn for developing towns

Top News

Maharashtra to spend Rs.15 Bn for developing towns Maharashtra Chief Minister Vilasrao Deshmukh announced Saturday that his government would spend Rs.15 billion ($370.8 million) to improve transport and related infrastructure in towns around Mumbai. Indians are a force in U.S. but beware of statistics Indian professionals in the U.S. truly make India proud, but the statistics quoted in parliament to highlight their contributions are either overstated or unverifiable. Foreign investment worth $375 Mn approved Domestic market shines for BPOs

TECHNOLOGY Microsoft, Yahoo meet for merger talks Senior executives from Microsoft and Yahoo met for the first time this week to discuss Microsoft's takeover offer for the internet company, the Wall Street Journal reported on Friday. India is no more a 'cost advantage' destination As cost of operation and managing offshore center in India has no more cost advantage. Innovation and optimization have become the buzzwords for success of India centers. Alternative IT hub to be developed near Kolkata Fewer companies look at India as offshore R&D center

BUSINESS Indian auto industry set to enter Russian market The Indian automotive industry is all set to enter the Russian market now to make its mark against the backdrop of growing bilateral trade totalling $3.5 billion last year. ETA Engineering soon to commission Sriperumbudur plant ETA Engineering, one of the country's leading electro-mechanical contracting companies, will shortly commission its new integrated facility at Sriperumbudur near here. Indian auto makers venturing into aerospace industry

Online auction of contemporary Indian art fetches $7.15 Mn

VENTURE NEWS Indiabulls, Unitech put Singapore REIT IPOs on hold Being cautious on volatile markets, Indian developers Indiabulls Real Estate and Unitech have put on hold their plans for initial public offers of their real estate investment trusts (REIT) in Singapore. BPCL joint venture with U.S. company BPCL would be forming a $29-million joint venture company with the U.S based Matrix Marine Fuels LLC primarily for expanding bunkering business. Zuora raises $6.5Mn in series A round

OTHER NEWS India denies involvement in U.S. missile technology export case India has rejected allegations made in a U.S. court that an official from its embassy in Washington had joined in a conspiracy with an Indian American businessmen to illegally export sensitive dual use items to the country. Land acquired for Tata Steel's delayed project Long delayed by protests over land acquisition, Tata Steel's 5 million tonne steel plant project in Chhattisgarh's Bastar region is now moving ahead with 1,000 farmers surrendering nearly 1,050 hectares. Indian workers blast ministry for meeting U.S. employer

Knowledge and human values essential: Mukesh Ambani