Category: South Asia

DAVOS, (Asia Pulse) – With HCL Technologies announcing 10,000 jobs for locals in the US and Europe, India Inc on Thursday chose the WEF meet to send a strong message that Indian IT firms are creating and not stealing jobs in troubled western economies. Also, a message emerged from British Prime Minister David Cameron’s advice […]

NEW DELHI, Jan 27 (Asia Pulse) – India and Pakistan are closer to agreeing on a transit fee and a joint strategy to develop gas fields and import the hydrocarbon via a pipeline from the Central Asian Republic of Turkmenistan, oil ministers of two countries said. The statements came during joint press conference by Indian […]

TOKYO, Jan 25 (AsiaPulse) – Hitachi Construction Machinery Co. (TSE:6305) has begun Indian production of huge dump trucks used in large-scale mine development projects. Telco Construction Equipment Co. (Telcon), a joint venture with Tata Motors Ltd. (BSE:500570), is manufacturing the trucks. Hitachi Construction invested 22 billion yen (US$283 million) in the venture in 2010 to […]

Jan 25, 2012 (LBO) – The Maldives is seeking more investments from Sri Lanka and plans to set up an investment agency similar to Sri Lanka’s Board of Investment, officials said. “A lot of Sri Lankan products are coming to the Maldivian market – new brands are being introduced.” Niyaz said Sri Lankan investments in […]

MUMBAI, Jan 23 (AsiaPulse) – Indian regulator Sebi has imposed penalty totalling Rs 24 lakh (US$47,788) on 17 entities on charges ranging from non-disclosure of acquisition of shares to involvement in fraudulent trade practices in dealing with shares of Platinum Corporation Ltd (BSE:532117). In separate orders, Sebi fined Platinum Corporation Promoter and Director Pratik Shah […]

NEW DELHI, Jan 23 (AsiaPulse) – Indian food inflation remained in the negative zone for the third straight week, at (-)0.42 per cent for the week ended January 7, mainly due to fall in prices of onion and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-) 2.90 per cent […]

NEW DELHI, Jan 19 (Asia Pulse) – The price of a 50-kg bag of cement in India may go up by as much as Rs 9 (USNEW DELHI, Jan 19 (Asia Pulse) – The price of a 50-kg bag of cement in India may go up by as much as Rs 9 (USNEW DELHI, Jan […]

BANGALORE, (Asia Pulse) – India’s Infosys Technologies said it is well on track to meet its target of hiring 45,000 persons this fiscal year and will focus on local hiring. “People addition is on track for 45,000 (employee hiring) target for the financial year 2012. The company will focus on local hiring.We have hired 1,000 […]

MANADO, North Sulawesi, Jan 13 (AsiaPulse) – ASEAN and India have signed an MoU on the promotion of tourism cooperation. The MoU which will serve as an umbrella of cooperation in facilitating tourist travel and visits, was signed by Indonesian Minister of Tourism and Creative Economy Mari Elka Pangestu and Indian Tourism Minister Subodh Kant […]

PUNE, Jan 9 Asia Pulse – India is no match for neighbouring China when it comes to social development indicators, eminent economist and Nobel laureate Amartya Sen has said. “There is a huge gap there (on social front) as China is one of the best performers in terms of social indicators,” Sen said while speaking […]

NEW DELHI, (Asia Pulse) – Expanding its product portfolio in the sports utility and commercial vehicles segments, Indian auto major Tata Motors (BSE:500570) has showcased three new models slated for launch in the next financial year. At the 11th Auto Expo held here, the company also displayed four concept cars equipped with alternate fuel technology, […]

NEW DELHI, (Asia Pulse) – Motorcycle maker India Yamaha Motor plans to set up its third plant in the country, for which it has started scouting for land in Karnataka and Tamil Nadu. The company, which plans to invest Rs 800 crore in the next two years, on capacity enhancement, said it expects to sell […]