Asia’s Hot Growth Companies: 2006

India’s 5 companies made it into the list of recently published report by Business Week “Asia’s 100 Hot Growth Companies.

The top Indian companies, their overall rank and the nature of their industry are as follows:

22. Hexaware Technologies: IT Consulting & Other Services

29. Matrix Laboratories: Pharmaceuticals

33. Dabur India: Personal Products

50. MphasiS BFL: IT Consulting & Other Services

89. Wockhardt: Pharmaceuticals

For Full List Please Click following link:

Asia’s 100 Hot Growth Companies

Business week ranking of companies are based on companies three-year growth in sales, profits, and return on invested capital and companies were also required to have annual sales of more than US$50 million and less than US$500 million.

Asia’s 100 Hot Growth Methodology

 

technorati tags: Business, Economy, Industry, India, Indian News, Indian Economy, Indian Business,

India’s economy only getting stronger

Yes! Size of cake is getting bigger day by day. Indian economy is growing faster than any one expected only 2 days ago Central Statistical Organisation reported that India’s economic growth unexpectedly accelerated to 9.2 percent last quarter. It going to be more stronger in coming years because of purchasing power parity is getting higher every day. India is now third after the US and China and ahead of Japan.

India’s expanding economy is drawing an increasing number of interested Thai investors as it is likely become one of the world’s key engines of growth in the near future, according to a leading financial sector expert.

“India today offers great opportunities in virtually every sector of the economy, be it infrastructure development, cement, textiles, services or others,” said Anand Rathi, chairman of Anand Rathi, a leading India-based financial-services company. “Thailand, which has strength in agricultural-related goods, can participate in this growth either in the agricultural sector or others.”

technorati tags: India, Indian Business, India Economy, News, India Happening, Business, Economy, Current Affairs

HSBC ramps up Indian outsourcing presence

Good news for Indian outsourcing industries, who has been facing uphill task in conveying financial companies about outsourcing benefits to India after UK channel 4 airs report about data theft from Indian call centers.

http://www.silicon.com reported that HSBC is planning to expanding its offshore outsourcing operations in India with a new BPO facility in Kolkata and a software development centre in Hyderabad.

HSBC is expanding its offshore outsourcing operations in India with a new BPO facility in Kolkata (formerly known as Calcutta) and a software development centre in Hyderabad.

HSBC already has one wholly owned BPO subsidiary - HSBC Electronic Data Centre - in Kolkata, which has 2,000 employees working on back-office operations, and is now planning to set up another centre in the same city.

HSBC’s general manager and country head for India, Naina Lal Kidwai, said the second BPO facility in Kolkata will employ another 2,000 staff, according to reports in India.

 

technorati tags: Outsourcing, Outsource, BPO, Call Centre, Call-Centre, India, News, KPO, Offshore

British supermarket major to move IT jobs to India

Britain’s fifth-largest supermarket chain Somerfield is planning to transfer nearly 120 IT jobs from its Bristol head office to a consultancy in India in a bid to reduce costs. Somerfield was in talks with Indian IT giant Tata Consultancy Services (TCS), but had not signed a contract. Good news for Indian outsourcing Industry.

London, Nov 7 (IANS) Nearly 120 jobs in the IT department of supermarket chain Somerfield in Bristol are expected to be moved to India as part of its latest cost-cutting programme.

Somerfield is reported close to signing the contract with India’s IT major Tata Consultancy Services (TCS).

The 141 workers in the department, based at Somerfield’s Whitchurch, Bristol, head office, have been told of the move. Around 25, mainly managers, are expected to stay in Bristol to oversee the operation.

technorati tags: Outsourcing, UK, India, United+Kingdom, Business, Offshore, Outsource

London businesses must work more with India, China: report

Reading this report reminds the famous quote of Lakshmi Mittal

“Always think outside the box and embrace opportunities that appear, wherever they might be.”

LONDON (AFP) - London’s financial district must work to develop better business relationships with both China and India or it risks losing out to competing cities and countries, a new report has warned.Written by SAMI Consulting and Oxford Analytica, the report recommended Tuesday that financial services companies in London be more active in building their contacts with Indian and Chinese businesses, noting there are opportunities in India for project financing, and in China for savings vehicles for the country’s ageing population.

The report, which was released by the City of London, the local district council within which the capital’s financial centre resides, said that while London “already has a huge advantage with the Indian and Chinese diaspora … this does not yet appear to be fully recognised.”

technorati tags: India, China, UK, UnitedKingdom, Business, Economy

Corus accepts £4.3bn Tata offer

TATA + CORUS Deal! Which creates the world’s fifth largest steelmaker is India’s largest ever foreign takeover.

TATA

CORUS

Anglo-Dutch steel firm Corus has confirmed it is accepting a £4.3bn ($8.1bn) takeover offer from Indian rival Tata Steel.

The acceptance of the deal, revealed by the BBC on Thursday, is the largest Indian takeover of a foreign company.

If approved by Corus shareholders, it would create the world’s fifth-biggest steel firm.

Corus employs 47,300 people worldwide, including 24,000 in the UK at plants at Port Talbot, Scunthorpe and Rotherham.

technorati tags: India, UK, Steel, IndiaNews, Economy, Business, UnitedKingdom

The Ultimate Punjabi experience

The Ultimate Punjabi experience in Air! Fly with Air Slovakia! For all your desi needs! the best of both worlds!

Fly Air Slovakia for Punjabi experience

An Indian-born businessman has purchased a private central European airline for an undisclosed amount.

Harjinder Singh Sidhu, who lives in the UK and is a British passport holder, bought Air Slovakia, a small privately owned airline based in the capital, Bratislava last week, it has emerged.

His son, Riqbal ‘Rocky’ Singh, told the BBC News website that his father wants to transform the 60-employee Air Slovakia into a “Punjabi experience”.

That means using crew, food and in-flight entertainment from the northern Indian state of Punjab and using regional headquarters based in the Punjabi city of Jalandhar.

 

 

 

technorati tags: India, Airlines, UK, Business, Finance