Essar pulls out of race to buy Nokia’s cellphone making plant in Chennai

Chennai: Essar Group today said that it is no longer interested in the Nokia’s plant, which was frozen by Income Tax in an alleged Rs 21,000 crore tax dispute, near Chennai. Essar was one of the companies which had shown interest in the plant, which suspended operations on November 1, 2014. Earlier, Shashi Ruia, chairman


eBay launches online perfume mall

Chennai: eBay India today launched an online perfume mall, which the company claims is the largest in the online space. The leading e-commerce company would showcase over 1000 product ranges and 100 plus perfume brands. Navin Mistry, head retail exports and lifestyle category), eBay India said that the overall size of the perfume industry in


Indian IT captured quarter of top 100 outsourcing deals in 2014

Pune : India-based IT companies captured nearly a quarter of the top 100 outsourcing deals in 2014, said International Data Corporation’s (IDC) analysis of worldwide outsourcing deals during the 2012-2014 time period. The analysis also shows that the top five vendors in 2014 captured more than 50% of the total contract value (TCV) of top


DD, AIR to work for largest width of coverage: Arun Jaitley

New Delhi : Emphasising on objectivity in news, Union Minister Arun Jaitley today said while there is a deluge of channels with “anchor-driven” content, there is still a huge space to cater to audience which is starving for “facts” and coverage of events outside the national capital. The Information and Broadcasting Minister, who was speaking