The UK Border Agency has arrested a 28-year-old Indian and a 33-year-old Sri Lankan who were both working in breach of their visa conditions at bookmaker Paddy Power in Shepherd’s Bush, London. Read more
Indian technology giant Infosys has offered support to 16 emerging digital companies from the UK and will provide each company with a UK-based mentor to drive business opportunities in emerging countries such as India. Read more
India’s new stock exchange -- MCX Stock Exchange (MCX-SX) – has officially opened for trading shares on Monday, February 13. While MCX-SX aims to win market share from NSE and BSE, its opening was marked by thin volumes on day one. Read more
Starbucks, the biggest coffee-chain that recently launched in India, has opened a roasting and packaging plant in Kushalnagar in Coorg, Karnataka. Read more
ArcelorMittal, the integrated steel and mining company in Europe, has reported a $3.7bn net loss for the financial year 2012 because of poor demand for steel in European markets. Read more
The Government of India (GoI) is set to spend 368 billion rupees on IT products and services in 2013 to improve internal IT, hardware, software, external IT services and telecommunications, according to IT research firm Gartner. Read more
In its bid to boost economic growth India’s central bank, the Reserve Bank of India has slashed its main interest rate for the first time since April 2012. Read more
Tata-owned British car-maker Jaguar Land Rover will start producing Jaguar XF saloon vehicles at its facility in Pune to respond to the market demand quickly. Read more
Nokia, the Finland-based mobile devices company has collaborated with India’s Tata Consultancy Services to help transform its IT landscape. TCS will develop and support core IT systems for Nokia including customer relationship management, product life-cycle management and corporate functions. Read more
India’s aviation regulator has cancelled ailing airline Kingfisher’s licence to fly after it failed to renew its suspended licence within the stipulated deadline. The airline has suspended all future bookings till further notice. Read more
