Nokia, TCS in pact
Mumbai, March 2: Nokia Siemens Networks today entered into an agreement with Tata Consultancy Services (TCS). Under the agreement, the former will transfer its product engineering and R&D services as well as part of the operations and business software unit activities to TCS. Nokia Siemens will also transfer 90 employees belonging to Nokia Siemens Development Center in Dusseldorf, Germany to TCS as part of the agreement.
Mumbai, March 2: ICICI Lombard has won the bid to insure the non-aviation businesses of the National Aviation Company of India (Nacil), in which state-run Air India and Indian have merged, a senior Nacil official said. ICICI Lombard’s exposure value this year is Rs 1,800 crore compared with Rs 1,500 crore a year ago.
Mumbai, March 2: Finnish airline Finnair plans to start more flights linking India to cities in the US, a senior official from the company said. “We get about one-third of our revenue from India and one of our interests will be expanding operations on the India-US route,” Sakari Romu, vice-president (commercial division) of Finnair said.
New Delhi, March 2: Industry body Ficci has proposed an overhaul of the regulatory framework for technical education in India to ensure delivery of quality higher education.
New Delhi, March 2: The foreign direct investment limit in the defence sector needs to be increased to 49 per cent from 26 per cent to facilitate the flow of investment and technological know-how, industry body Assocham has said.
London, March 2: Opec, whose member countries together pump 40 per cent of the world's oil, is expected to maintain its official output ceiling on Wednesday as crude prices trade at record highs above $100.
New Delhi, March 2: BEML chairman and managing director V.R.S. Natarajan said nearly 2,000 metro cars would be required in the next four to five years for the upcoming metro rail projects in Mumbai, Hyderabad, Bangalore and Ahmedabad. He added that the company planned to become a major player in building rail coaches.