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Nikon focuses on Tier II cities, widens distributor network20-NOV-09
Digital imaging equipment maker Nikon has undertaken a major exercise to penetrate smaller cities and towns, increasing distribution channels, to double its overall sales and market share.
Blackstone eyes Citi's auto-loan biz unit: report19-NOV-09
Struggling financial services provider Citigroup is in informal talks with Blackstone Group and other private equity firms for selling its auto-loan business unit CitiFinancial Auto, a media report has said.
Pandit will continue with $1 salary18-NOV-09
Vikram Pandit, the India-born chief executive of Citigroup, will continue to take the salary of $1 a year, although the financial services firm has raised base salaries for two of its senior officials.
Citigroup, Stanchart pick up stakes in Sundaram Multi Pap17-NOV-09
The private equity investment arms of Citigroup and Stanchart India have purchased 8 and 2 per cent equity stake respectively in leading stationery products manufacturer Sundaram Multi Paper Ltd (Sundaram Multi Pap) from the secondary market.
Reliance Retail to expand, forge new alliances17-NOV-09
Mukesh Ambani-led Reliance Retail is in the expansion mode and is looking to take its food-to-fashion chains into newer Indian cities as well forge new strategic alliances.
Paulson takes Citigroup stake, sells Goldman Sachs shares16-NOV-09
John Paulson disclosed that his hedge-fund group acquired 300 million shares of Citigroup during the third quarter, while selling its entire stake of Goldman Sachs Group Inc.
FedEx Launches Domestic Express Service in India12-NOV-09
FedEx Corp (NYSE: FDX) has announced the launch of FedEx India, a next-business-day* domestic express service for the Indian market.  FedEx India will provide customers with a highly reliable and convenient shipping solution for their time critical commercial and non-commercial consignments across key Indian markets. The launch follows the company’s domestic express service launches in China, Mexico and the UK.
Over 11,000 H-1B slots still up for grabs in US12-NOV-09
Over 11,000 H-1B visa slots, once the most sought-after among Indian professionals, are still vacant against the Congress-mandated cap of 65,000 for the fiscal 2010, according to US immigration authorities.
Visas for Pak-born US nationals to be cleared by Delhi12-NOV-09
As an immediate fall out of the FBI foiling a LeT plot to use US nationals to carry out major terror attacks in India, the Indian Embassy here has tightened visa approval norms for Pakistan-born American citizens, whose applications would now have to be cleared by New Delhi.
Headley travelled to five cities in India11-NOV-09
Suspected terrorist David Coleman Headley travelled to five cities during his stay in India between 2006-09, investigators have found.
Panel seeks regular updates on asset guarantee prog for Citi10-NOV-09
A US Congressional panel has recommended to the US Treasury Department to provide regular disclosures about its asset guarantee programme for embattled Citigroup.
Bail application of Rana postponed by a week10-NOV-09
Hearing of bail application of Tahawwur Hussain Rana, a Pak-born Canadian citizen arrested on terrorist charges, has been postponed by a week.
India Eco Summit: Q&A with Michael Hastings10-NOV-09
KPMG’s Global Head of Citizenship and Diversity MICHAEL HASTINGS tells Sreelatha Menon about the firm’s corporate social responsiblity programmes in India.
Office rentals in big cities start to go up: report09-NOV-09
Office rentals in the central locations of major Indian cities has started to pick up, although this did not have any positive impact on rental rates in decentralised office areas, according to real estate consultancy CB Richard Ellis (CBRE).
Foreign banks hike minimum balance for savings accounts09-NOV-09
In an attempt to weed out inactive accounts and increase low-cost deposits, foreign banks are increasing the minimum balance that customers need to hold in their savings accounts.
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