Page 84 - Video Gallery

Tech Mahindra wins Satyam bid

Indian mid-sized IT outsourcer Tech Mahindra on Monday won an auction to buy Satyam Computer Services Limited, the company at the heart of India's biggest corporate scandal. Chairman of the government appointed board of Satyam Computer Services, Kiran Karnik felt relieved after the auction.

Lara Dutta launches Aircel GSM service

Joining the bandwagon of bollywood biggies endorsing mobile connections, is our Bollywood hottie Lara Dutta. Dutta recently graced the Tajlands End hotel in Mumbai with her presence when she officially launched Aircel¿s GSM service there.

Bollywood call 'cut' on multiplex releases

The standoff between Bollywood producers and multiplex owners continued on Tuesday. Bollywood producers insisting on a greater share of box-office revenues are refusing to release new movies in multiplexes, piling on woes in an industry that is already battling a slowdown. Producers in the world's most prolific movie industry are demanding a 50 percent share in box-office revenues, with multiplex owners favouring a performance-linked model based on a film's budget and star power.

Nano will not affect two-wheeler mkt: Munjal

Dispelling apprehensions over the future of the two-wheeler segment with the launch of India¿s cheapest car Nano, Pawan Munjal, the Managing Director and Chief Executive Officer of Hero Honda Motors, opines that it will have no bearing in the two-wheeler market. He said this on the sidelines of a meeting hosted by the Confederation of Indian Industry at New Delhi on Thursday.

Tata says Nano meets all that was set to be

Chairman of Tata Motors, India's top vehicle maker launched Nano, the world's cheapest car, in Mumbai on Monday and said that the car would meet everything that was said and promised. Addressing the gathering at a glittering ceremony, Ratan Tata said that Nano brings car to everybody's reach. Tata further said that Nano would be available at the dream price declared six years ago.

Bijoy Kumar Y reviews Nano

The Nano is a small car concept reduced to the maximum. Bijoy Kumar Y drove one to file this report. Trust me, the last time I felt the same sense of occasion before driving a car, it involved a screaming yellow Lamborghini. Today, the colour remained identical ? sunshine yellow ? and like the Lamborghini, the engine was mounted at the back, but there were more butterflies in my tummy as I cranked the Tata Nano to life.

Multiplexes to go off soon

This might be Bollywood's biggest crisis yet. With all attempts to reach an amicable solution to the profit sharing issue between producers and exhibitors having reached a deadlock, April onwards there will be no new releases at any of the multiplex chains across the country. The United Producers Forum on Monday demanded a flat 50-50-revenue share between producers and exhibitors for all films, be it a small budget or a big budget film - independent of the star cast.

Cost cutting at Volvo India

With a slowdown in growth, Volvo Bus India Private Limited, the Indian arm of Sweden-based heavy bus and coach manufacturer said it was resorting to rigorous cost cutting exercise. He also said that Volvo was eyeing orders from the public transport undertakings. He further added that Volvo Buses India sold 440 buses in 2007-2008, up from 200 a year before.

Raju sent to CBI custody

The founder of fraud-hit Satyam Computer Services and four others have been sent to the custody of India's federal crime bureau for investigation into the country's biggest corporate scandal, the bureau said on Monday. Ramalinga Raju, his brother and former Satyam managing director Rama Raju, and chief financial officer Vadlamani Srinivas will remain in the custody of the Central Bureau of Investigation (CBI) for seven days from Tuesday, following orders of a court in Hyderabad.

Reliance creates biggest refining operations

Reliance Industries, India's largest listed firm, on Monday said it is to absorb its 70 percent-owned Reliance Petroleum unit through a share offer, creating the world's largest refining complex. Reliance official also said that the move would boost earnings from year one -- at a time when world crude oil prices have slumped 71 percent since hitting a record high last July.

Wipro unveils affordable laptops

Wipro Infotech, the India and Middle East IT Business of Wipro Ltd, on Saturday unveiled the 'e.go', a premium range of laptops at an unbelievable price starting below rupees 20,000. The entire range was launched 'a la' fashion wear with models sashaying down the ramp with colourful and trendy notebooks. Anand Sankaran, chief executive officer, Wipro Infotech, said the company is hopeful that its new range of affordable laptops would make good business especially in times of global financial crisis.

Trying to lure customers in Bengaluru

Real estate developers in the fast growing IT city Bengaluru are facing a queer situation. On the one hand they are trying to lure new customers with attractive baits like offering cars free with new flats to boost the sales and other hand, they find it difficult to sell already booked flats to customers who want them on the current prices which have fallen due to economic melt down.

Multi-dimensional body to probe Satyam fraud

India's federal investigative agency on Wednesday said it would form a multi-disciplinary investigation team to probe into fraud-hit Indian outsourcer Satyam Computer Services. Central Bureau of Investigation that has taken over the probe said consultative mechanism was being worked out with departments concerned. Meanwhile, sixth additional chief metropolitan magistrate in Hyderabad dismissed the bail application of Raju.

B'wood demands stricter anti-piracy laws

Stronger enforcement of copyright laws are a must if Bollywood wants to reduce millions of dollars in losses incurred every year because of piracy, says a top industry official. Michael C Ellis, president and managing director of Asia Pacific Association of Producers, attended a meeting with Bollywood producers aimed to check piracy. Bollywood film director and producer Mukhesh Bhatt said entertainment tax must be cut to reduce piracy.

Global meltdown affects retail outlets

With India's discount retailer, Subhiksha, approaching the market seeking infusion of funds to stay afloat during times of global recessionary trends, experts fear that investors might soon start feeling the heat. For over two months now, the 11-year-old retail chain headquartered in Chennai is short on cash. Struggling to keep its business intact, the company has approached a Chennai-based Non-Banking Financial Services firm for liquidity infusion.

Satyam says client confidence improving

The Board of the Fraud-hit Satyam Computer Services Limited is meeting in Mumbai on Thursday. Earlier on Wednesday its new chairman said that the company is reassuring wary clients about its long-term prospects. He told reporters Satyam was in a position to pay employee salaries for February mainly from receivables, and said arranged bank funding would be coming in a few days.

GM launches Chevrolet spark Muzic

General Motors India launched a new variant of its Chevrolet Spark called Spark Muzic on Tuesday in New Delhi. The car comes equipped with a new music system and a six-CD changer. The company hopes to generate better sales this fiscal with this launch. The Chevrolet Spark special edition-Muzic comes with a three-year or 100,000-km standard warranty, which is an industry first in the mini-car segment.

Saab to set up design centre in India

Sweden-based technology major Saab AB on Monday announced setting up of an Aeronautical Design and Development Centre in India. Officials said that they have signed a tie-up with India's biggest software exporter Tata Consultancy Services Limited. This co-operation will also allow Saab to set a footprint in India together with TCS to capture the opportunities emerging in the aerospace and defence sector.

Luxury pens explore Indian market

Designer pen companies push into the Indian market, with the writing instruments in silver and gold, embossed with images of divinities. High end and pricey, some of the pens are also adorned with colourful feathers to make them more attractive. A designer pen can cost anywhere from Rs 1,000 to Rs 900,000. Many of these pens are hand crafted and hence so expensive and exclusive.

Luxury brands & global recession

Economic meltdown is having a mixed effect on the sale of luxury brands in India. On one hand, some brands are getting the benefits of this slowdown but on the other hand the crisis has put a dent in the consumer's spending power. The Chief Executive Officer and Managing Director of Chroma, a consumer electronics retail chain from the house of Tata has some positive views on this global aspect.