Indian conglomerate Tata has acquired Ford’s ailing brands Jaguar and Land Rover for $2.3 billion. For years, Jaguar has been a millstone round Ford’s neck. We find it hard to accept that this is a smart business move from the Tata Group. For several years, Lexus, BMW and Mercedes have made mincemeat of Jaguar. Jaguar […]
DVD and CD manufacturer and distributor Thomson’s Technicolor Division plans to launch a DVD Compression & Authoring Operation in the South Indian city of Bangalore. Set to open in May 2008, the new DVD Compression & Authoring facility will be managed by Sumit Malik. The new DVD Compression & Authoring facility will focus on the […]
What an irony! When Indian IT companies like Tata Consultancy Services and Wipro are stepping up their investments in the U.S., VMware is going the other way. Virtualization software house VMware joined the hordes of U.S. corporations that are screwing American workers with its just-announced plans to boost research and development operations in India through […]
Karan Bhatia has been named a GE Officer, a prestigious position in the diversified multinational corporation. Worldwide, GE has just 197 GE Officers, who lead large revenue generating businesses or occupy critical functional roles. The 39-year-old Bhatia was named GE’s new VP and senior counsel, international government relations and policy recently. Before joining GE, Bhatia was […]
With the U.S. economy in complete meltdown, the party is over for Indian outsourcing firms like Tata Consultancy Services, Wipro, Infosys, Polaris, Satyam et al. Some Indian software firms like TCS have already reported delays in orders from their top clients. U.S. financial services firms that have taken a severe beating and borne the brunt […]
ICICI Bank has lost $263 million because of its exposure to credit derivatives and fixed income investments. ICICI executives acknowledged that the bank and its overseas banking subsidiaries have an aggregate exposure of $2.2 billion in credit derivatives. The bank claims it †has no material direct or indirect exposure to US sub-prime creditâ€.