India's Special Economic Zone (SEZ) policy, though facing flak after protests over land acquisition, is expected to attract investments worth up to Rs.1 trillion ($23.36 billion), including foreign capital worth $5-6 billion, by December 2007,... More

A World Bank analysis shows that the proposed pipeline from Iran could bring gas to Mumbai at a cost one- third cheaper than the closest alternative, according to a top bank official. And Bangladesh should sell gas to India for the benefit of the... More

Real estate magnate Sam Zell is to buy the powerful Tribune media group in a two-stage deal valued at $8.2 billion, the company said Monday. Tribune owns some of the leading newspaper properties in the US, including the Los Angeles Times and the... More

India's Tata Steel Monday completed its acquisition of the Anglo-Dutch steel major Corus for 6.2 billion pounds in what is seen as the largest overseas acquisition by an Indian company. The acquisition was decided and voted upon by Corus... More

Unesco's International Programme for the Development of Communication (Unesco-IPDC) has approved $60,000 in contribution to the establishment of the first 10 community radio stations in India. The funds are expected to support community radio... More

Often it's the most obvious plan that is hard to crack or the most simple business models that are easy to script yet difficult to follow. The same rules apply to the maverick luxury trade as well, which is taking its first baby steps in... More

Texas Instruments Inc (TI), world leader in digital signal processing (DSP) and analog technologies, will continue to focus on research and development (R&D) and product innovation in India. However, the US-based firm has no plans to set up fab... More

Marking its entry into the passenger car market, India's top multi-utility vehicle maker Mahindra & Mahindra (M&M) Tuesday launched the Mahindra Renault Logan in India. With base models of the petrol and diesel variants priced at Rs.428,000 and... More

GlaxoSmithKline (GSK), Britain's largest drug company, has signed an outsourcing deal with India's Tata Consulting Services to establish a drug development support facility in Mumbai. A company statement said that under the terms of the deal,... More

The 8,500 employees at the Adidas factory on the outskirts of Ho Chi Minh Stadt - formerly Saigon - are better paid than average Vietnamese workers: they earn the equivalent of about 70 euros (93 dollars) a month. And each month they cut and sew by... More