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
Internationally-recognised Indian businessman Ratan Tata, who became the chairman of Tata Group in 1991, has retired from his position after 50 years of service at the conglomerate. Read more
India’s national carrier, Air India has launched an all-inclusive promotional return fares on its international destinations including the UK, the US, continental Europe, Middle East and East Asia. Under the scheme, a return ticket to travel to London will cost about Rs. 41,000, inclusive of taxes. Read more
India, which was envied by most of the western economies for its double digit growth rate for the past few years, has received a severe economic setback as its growth rate plunged to 5.3%. Read more
Amid an ongoing internal investigation into alleged corrupt practices, global retailer Wal-Mart has suspended top staff including chief financial officer and legal executives at its Indian operations, according to reports. Read more
British multinational alcoholic drinks maker Diageo has purchased majority stakes worth £1.2bn in Indian liquor baron Vijay Mallya’s United Spirits Group. Diageo's 53.4% in United Spirits is seen as a move to capture India's large and growing spirits market. Read more
An ambitious marketing campaign and efforts to reduce any perceived barriers to tourism are at the heart of UK’s plans to woo prospective tourists from emerging countries such as India. Read more
Indian economist, Dr. Rakesh Mohan has assumed charge as the executive director on the Board of the International Monetary Fund (IMF). Dr. Mohan's tenure at the IMF will be for a period of three years. Read more
Apple has just launched iPhone 5 – its sixth generation smartphone -- in India, more than a month after it unveiled it for the North American and European markets. And Bharti Airtel has started offering a range of data plans for the new version of the smartphone as users’ excitement grows. Read more
