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India: Back at fiscal crossroads, says DBS

The Indian government’s commitment to fiscal consolidation will be put to test in the February’s FY16/17 (year ending March 2017) Budget. Fiscal prudence was given a priority in the past four years, which helped to narrow the twin deficits and avert rating downgrades. Recent developments

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Rao honored in Taiwan

A world-renowned expert on solid-state and structural chemistry Dr. Chintamani Nagesa Ramachandra Rao FRS, also known as C.N.R. Rao, received an honorary doctoral degree from National Cheng Kung University (NCKU), Tainan, Taiwan, on January 18. The degree was conferred on Dr. Rao in recognition of

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Wipro’s global deals

Wipro Ltd said it has sustained its momentum in winning Large Deals globally, which will be implemented from this year onward. Wipro Ltd said it has entered into a multi-year global infrastructure support engagement with one of the largest medical devices companies in the world.

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Bravia Capital to acquire stake in Rent Alpha

Hong Kong-based investment firm Bravia Capital has executed an agreement to acquire a stake in Mumbai’s Rent Alpha Private Limited, an equipment leasing company, subject to regulatory approvals. Rent Alpha focuses on providing equipment rental solutions to corporate customers and specializes in residual management across

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India contractor orders two Alimak elevators

Stockholm-based Alimak Group, the vertical access solution company, has received two orders for construction elevators in India to be delivered during the first and second quarter of 2016. The total order value is 21 MSEK. The orders of premium and mid market construction hoists will be delivered

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RasGas delivers LNG to Petronet under new SPA

Q-Flex vessel, Al Thumama, delivers first cargo at Dahej Terminal. Qatar’s RasGas Company Limited delivered on January 13 the inaugural Liquefied Natural Gas (LNG) cargo to Petronet LNG Limited under the new Sales and Purchase Agreement (SPA). The LNG cargo was delivered to Dahej LNG

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Balasubramanian leads Eaton’s Vehicle Group

Balasubramanian to focus on customer satisfaction in the Indian market. Power management company Eaton has named Balasubramanian V as general manager, Vehicle Group, India, for leading all aspects of the Vehicle Group business with a focus on profitable growth and customer satisfaction in the Indian

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SirionLabs wins IBM SmartCamp competition

SirionLabs, the leading provider of advanced vendor management technology products, has been adjudged the winner of the Indian edition of IBM SmartCamp 2015 (part of IBM’s Global Entrepreneur Program), an annual competition to recognize the best and the brightest B2B start-ups in different parts of

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AllGo joins Visteon

Bangalore-headquartered AllGo Embedded Systems Pvt. Ltd, a leading supplier of embedded multimedia and connectivity solutions to global automotive OEMs and Tier1 customers, has signed a definitive agreement to sell its automotive business and become a 100% owned subsidiary of Visteon Corporation, a global automotive cockpit

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Tier 3 cities attract global outsourcing assignments

Dobberstien highlights advantages of tier 3 cities, saying offshoring to India remains a high attractive proposition for many companies. Global offshoring and outsourcing companies are looking to new talent in India’s tier 3 cities such as Surat, Nagpur, Lucknow and Ahmedabad, according to a London-headquartered consultancy. Rating India