Tata Group Chairman Ratan Tata met Jammu and Kashmir Chief Minister Omar Abdullah and expressed his desire to expand his group's activities in the state.
During the breakfast meeting, they explored the possibility of cooperation in information technology, hospitality, agro-product and horticulture sector, officials said. Both agreed that a top level delegation from the state government and the Tata group will meet soon to discuss mutually beneficial areas.
Tata said he was in favour of widening the presence of his group of companies across the state, the officials said. The 74-year-old industrialist recalled his fond memories of visits to Kashmir Valley with his grandfather and stay at a house boat in Nigeel lake to which the Chief Minister extended an invitation to him to relive his childhood memories.
Tata arrived for interaction with the students of Kashmir university, a programme being organised by Congress leader Rahul Gandhi.
Even as cases of financial fraud are dotting cyber space across the world, Indians seem more forthcoming in giving out their personal information for personalised services.
Footwear major Woodland, owned by the Aero Group, is looking to re-position its sub-brand 'Woods' in the luxury footwear segment, focusing primarily on women's footwear, a top company official said Friday.
Global ratings agency Standard & Poor's said its outlook on India remained negative and there was a one-in-three likelihood of a downgrade within the next 12 months.
US industrial production, an indicator of the output of mines, factories and utilities, dropped 0.5 percent in April, US Federal Reserve reported.
Two Indian IT firms are feeling the heat of the recent $ 45 million global ATM heist.
Pleading guilty to 'felony charges' relating distribution of adulterated drugs made at two India units, the US subsidiary of Ranbaxy agreed to pay USD 500 million.
from Hindustan Times
An Indian-origin board member of the influential UK India Business Council said he is rethinking the role of off-shore tax havens in the current economic climate.