India-US TPF Minister of Commerce and Industry of India Nirmala Sitharaman and U.S. Trade Representative Ambassador Michael Froman met in New Delhi on October 20, 2016, for the tenth ministerial-level meeting of the India and United States Trade Policy Forum (TPF). Share this post.
Wipro acquires Appirio Wipro Limited has signed a definitive agreement to acquire Appirio, a global cloud services company that creates next generation worker and customer experiences, for a purchase consideration of US$500 million. Share this post.
L&T Tech’s global contract L&T Technology Services, a leading global provider of digital engineering solutions, has secured a new multi-year, multi-million dollar contract with a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products. Share this post.
Deep sea tunnel A 20-km deep tunnel under the Mumbai-Thane Sea will be the most challenging part of the 500-km High Speed Rail which is expected to be operational from 2023. Huge boring machines will be used under the seabed, according to engineers at the
Sahibganj terminal Larson & Tourbo (L&T) has secured contract for building the multi-modal terminal at Sahibganj in Jharkhand, phase I of which is to be completed in 2019 with a cargo handling capacity of 2.28 million tonne per annum of coal. Share this post.
Current account improves India has run current account deficits since the early-1990s, save for a brief period in 2002-04. The deficit averaged 1-2.5% of GDP over most of the past decade before rising to 4% in FY12/13 on the back of a jump in oil
Hydro Projects Prime Minister Narendra Modi dedicated three flagship 800 MW Hydro Power Station of NTPC- Koldam, 520 MW Parvati Project of NHPC and 412 MW Rampur Hydro Station of SJVNL projects to the Nation at Mandi , Himachal Pradesh, on Oct 18, 2016. Share
Build submarines locally Vice Admiral GS Pabby, AVSM, VSM, Controller of Warship Production & Acquisition, Indian Navy, says this is the right time for India to take a major step towards building submarines indigenously by forging a strategic partnership with the Indian industry. Share
Tata leads Singapore Marathon India’s Tata Consultancy Services (TCS) has expanded its partnership as Official IT Provider to the Standard Chartered Marathon Singapore scheduled for 3-4 December 2016. Share this post.
Essar’s US$10.9bn sales India’s Essar Group has sold 98 per cent of its stake in Essar Oil Ltd (EOL) to a Russian led buyers’ group for US$10.9 billion, the biggest deal involving an Indian business. Share this post.