Last week was good indicator of how things are happening in Indian economy. The global ambitions of many companies are good signs of getting ahead steadily. Some business houses in this decade may become global giants. While all time big investments are being made, the order books are brimming. Rs 1 lac small car of Tata Motors will give a great boost to Indian manufacturing. It will certainly mean more employment.
High growth will be maintained: Govt
NEW DELHI, AUGUST 25: On the back of a high 9.3 per cent growth in the last quarter of 2005-06, government said high growth will be sustained this year with industry growing at 10.4 per cent in first quarter and inflation at less than five per cent now.
Satyam bags IT deal from biggest Oz airline
BANGALORE, AUGUST 25: India’s number-four software exporter, Satyam Computer Services Ltd., has won a software services deal from Qantas Airways Ltd. , a company source said on Friday.
Tatas to invest $25.8 bn
MUMBAI, AUGUST 24: Tata Group plans to invest Rs 1.20 trillion ($25.8 billion) in the next three to five years in telecommunications, steel, chemicals, power and other industries, a Group official said on Thursday.
Larsen & Toubro says order backlog $6.1 bn
MUMBAI, AUGUST 25: India’s top engineering and construction firm, Larsen & Toubro Ltd., had order backlog of 282.86 billion rupees ($6.1 billion) on July 31, its chairman said on Friday.
India sees upto $5 bn investment in SEZs
KUALA LUMPUR, AUGUST 24: India expects to attract between $4 billion and $5 billion of investments in its special economic zones by December 2007, Commerce Minister Kamal Nath said on Thursday.
Bosch India plans to add 1,000 employees every year
Bangalore, Aug. 24 Robert Bosch India plans to add 1,000 employees per annum to its workforce. The company’s headcount stands at 3,500 and will rise to 3,900 by year-end. Of the 3,500, 2,000 work in the automotive domain and 25 in the chip design and testing domain.