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NEW DELHI: Offshoring of jobs to India will begin to decline starting 2014, and will reach the end of its lifecycle in eight years, according to US-based strategic advisory and research firm The Hackett Group released at the Nasscom Global In-House Centers ( GIC) Conclave being held here. According...
This season, Bollywood is ready to take on the Indian Premier League googly. After seeing some kind of cricket fatigue, Bollywood lined up a string of big-budget releases, with close to Rs 200-250 crore riding on these. The first to release is Sajid Nadiadwala’s Housefull 2, a sequel to...
Lafarge, the world’s largest building materials company, is saddled with high debt and is going through a global restructuring. Its production has been hit in Europe amidst the euro zone crisis, resulting in layoffs and shutdowns. For its Global Chairman and CEO, Bruno Lafont, these are challenging times in...
At an investment size of Rs 20,995 crore, the country’s largest power producer, NTPC, would invest about 20 per cent less in 2012-13, compared to 2011-12, when it was estimated to spend around Rs 26,400 crore. The investment next year would be for adding new capacity of about 4,000...
Top Chinese officials said on Tuesday that working with India under the BRICS (Brazil, Russia, India, China and South Africa) umbrella would help address long-persisting mistrust between the neighbours, adding that they expected specific bilateral outcomes from President Hu Jintao’s visit to New Delhi next week for the fourth...
NEW DELHI: The International Monetary Fund is keen to implement quota reforms that will give more voting rights to economic powers like India and China, managing director Christine Lagarde has said. “Change is in the air,” Lagarde said at an event organized by IMF and the Indian Council for...
MUMBAI: The Insurance Regulatory and Development Authority (Irda) will soon decide on whether to allow Life Insurance Corporation of India (LIC) to retain its holding in public sector banks where it has breached the 10% limit. In the current quarter, LIC has invested over Rs 8,000 crore in state-run...
MUMBAI, March 20 (Reuters) – Indian shares posted their first winning session in four with lenders recovering as recent steep losses were overdone, but bigger gains were capped by auto stocks such as Tata Motors, which fell because of worries about lower sales. The National Stock Excahnge Bank index...
New Delhi: Strongly supporting media persons’ demand, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee on Tuesday said her party MPs will soon meet Prime Minister Manmohan Singh to ensure that the demand for implementation of the wage boards is met. Addressing a large number of journalists...
Tirunelveli (Tamil Nadu): Amid tight security, Kudankulam Nuclear Power Plant returned to full strength on Tuesday after the Tamil Nadu government gave the go-ahead to the stalled Indo-Russian project with officials hoping the first unit would be commissioned “as soon as possible”. “We are happy that the government is...