Indian steel PSUs in London on $9 Bn takeover hunt

TOP NEWS

Indian steel PSUs in London on $9 Bn takeover hunt
A clutch of public sector giants led by Steel Minister Ram Vilas Paswan are in London sniffing out opportunities to invest into mines producing a kind of coal needed to manufacture steel and develop Indian infrastructure.
H-1B visa woes will dog IT companies this year too
The application process for the temporary H-1B visas is beginning on April 1. Since the visas are limited in number and would be granted through a lottery system, IT services companies are set to compete to bag them.
Suzhou keen on investment from IndiaDRDO looks for contracts with IT vendors

TECHNOLOGY NEWS

Intersil inaugurates new design center in Hyderabad
Intersil, a firm, which designs and manufactures high-performance analog semiconductors, has opened of a new design center in Hyderabad, India.
TCS to open global engineering centre in Pune
IT major Tata Consultancy Services (TCS) will set up a global engineering centre in Pune to provide product services to U.S. based company ArvinMeritor, an auto component supplier.
Microsoft will not raise Yahoo! offer: ReportTata Communications selects Proxim Wireless as supplier of Mesh

BUSINESS NEWS

Indian carmakers register record sales
India's auto market reflected a booming economy in 2007-08 as three leading carmakers Tuesday announced record sales figures, with Maruti Suzuki India Limited registering a sales growth of 13.3 percent.
Aegis acquires AOL's call centre operations in Bangalore
Essar Group's Aegis BPO Services has acquired city based AOL's (American On-Line) call centre operations for an undisclosed amount, the company said here on Monday.
Essel Propack acquires U.S. medical devices companyEmaar, Marriott to invest $400 Mn in hotels in India

VENTURE NEWS

BHEL to spend $1.25 Bn on JVs
Power equipment manufacturer BHEL will spend nearly $1.25 billion over the next three years in its yet-to-be-formed JV companies with power utility NTPC and Nuclear Power Corporation of India (NPCIL).
Triangle to pick 27 percent stake in Prozone subsidiary
Triangle Real Estate India Fund has signed a deal to invest Rs 457 crore ($114 million) for a 27 percent stake in a step-down subsidiary of Prozone Enterprises.

OTHER NEWS

Indian American scientist wins top IMO prize
Jagadish Shukla, an Indian American scientist, has been awarded the 52nd International Meteorological Organization (IMO) Prize.
Delhi Police to be trained to check cyber crimes
In a bid to check cyber crime, officers of Delhi Police will be trained at the Guru Gobind Singh Indraprastha University to detect frauds over internet.
Informal workspaces are more funIndian company interested in buying Motorola's mobile phone business