Last Wednesday, Tata Docomo unveiled to the public a SAAS based business and office based productivity solution.
India
MCX CEO resigns from post
The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
British Petroleum and Reliance Industries to invest in oil and gas industry in India
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
Air India awaiting government guarantees
The Indian government's guarantee for Air India was being awaited. The sovereign guarantees for Air India are being awaited for until next week in order for loans to be properly backed up with a total of Rs 2500 crore.
New Silk Route acquires Moshe's
For an undisclosed amount, private equity firm New Silk Route acquires Mediterranean cuisine restaurant Moshe's for expansion purposes.
Latest News
British retail giant Tesco Plc is partnering with Tata conglomerate subsidiary Trent to open stores in India.
A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.
The retail debt asset base of Reliance Mutual Fund grew 1.5 times its retail asset base between 2012 and 2013.
The therapeutic protein molecule Anticalin would be the subject of the an agreement between Zydus and Pieris.
The Indian government would be investing INR 110 billion for the improvement of the water supply infrastructure in its villages.
The lenders fighting over the titles owned by the Deccan Chronicle would be in dispute. The creditors of Deccan Chronicle Holdings unable to recover dues worth more than INR5,000 crore because of a dispute over the publishing titles.
Naveen Jindal is the latest personality included in the ownership dispute of Positiv TV. Congress Member of Parliament and Industrialist Naveen Jindal was recently included in an ownership dispute between the shareholders of Positiv TV.
Because of price caps and channel disruptions, the Indian drug market still is continuing its negative growth pattern.
Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.
