MUMBAI, June 18 (Reuters) – India’s oldest and most
distinguished IT firms are doing what would have been almost
sacrilegious a few years ago – holding coding marathons to
develop innovative fixes and deploying “commando” units to
resolve clients’ IT woes within hours.
Infosys, Wipro and other Indian IT
giants, which rose to prominence during the outsourcing boom in
the 1990s and 2000s, have struggled to keep pace with
mushrooming start-ups. The rate of revenue growth has more than
halved since 2011-12, partly due to the emerging competition.
MUMBAI (Reuters) – An Indian regulator’s report that found excess lead in Maggi instant noodles should be disregarded, food group Nestle (NESN.VX: Quote, Profile, Research, Stock Buzz) said on Friday, as the sample was open for three months and past its sell-by date by the time it was tested.
Nestle has been battling its worst ever branding crisis in India since a regulator in Uttar Pradesh found monosodium glutamate (MSG) and excess lead in a sample of its hugely popular noodles.
MUMBAI, June 12 (Reuters) – An Indian regulator’s report
that found excess lead in Maggi instant noodles should be
disregarded, food group Nestle said on Friday, as the
sample was open for three months and past its sell-by date by
the time it was tested.
Nestle has been battling its worst ever branding crisis in
India since a regulator in the northern state of Uttar Pradesh
found monosodium glutamate (MSG) and excess lead in a sample of
its hugely popular noodles.
MUMBAI, June 11 (Reuters) – Foxconn Technology is in talks
to manufacture Apple’s iPhone in India, government
officials said, in a move that could lower prices in the world’s
No.3 smartphone market where the U.S. firm trails Samsung
Electronics and local players.
India could help Foxconn mitigate accelerating wage
inflation in China, where it makes the majority of iPhones, and
base production sites closer to markets where its key clients
want to grow.
MUMBAI, June 5 (Reuters) – Nestle SA will pull its
Maggi instant noodles from stores across in India, withdrawing
one of the country’s most popular snacks after weeks of damaging
headlines triggered by regulators’ reports that some packs
contained excess lead.
In what has become India’s most significant packaged foods
scare for nearly a decade, Nestle reiterated on Friday that its
noodles were safe. But after coming under fire for what domestic
media said was a failure to react swiftly and decisively, the
group said it would pull the product regardless, more than two
weeks after food inspectors first reported their findings.
MUMBAI, June 5 (Reuters) – Food group Nestle has
withdrawn Maggi instant noodles from sale in India citing “an
environment of confusion for consumers”, after a food scare
triggered by a domestic regulator’s report that some packs of
the popular snack contained excess lead.
Nestle reiterated the noodles were safe. But after coming
under fire in local media for doing too little, too late in
response, the group said early on Friday that it would recall
the product regardless, weeks after food inspectors first
reported their findings.
SRINAGAR, India/MUMBAI (Reuters) – Authorities in Jammu and Kashmir battled on Wednesday to restore mobile phone coverage paralysed after a series of attacks by a previously unknown militant outfit on people who cooperated with service providers.
Networks have crashed across the region of seven million people, which has long suffered a separatist insurgency and been fought over repeatedly by India and Pakistan since independence and partition.
MUMBAI (Reuters) – Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers.
India’s biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the bulk of their revenue.
NEW DELHI/MUMBAI, May 19 (Reuters) – As India’s auto
industry matures, manufacturers are facing up to a new reality -
from Mumbai to the provinces, they now have two different
markets to serve, with costs to shoulder and a challenge to
sales and profits.
In big cities, rising incomes and aspirations mean buyers
want compact models with features absent from the bare-boned
minis that first bridged the gap from two-wheeled motorbike
transport to four-wheeled cars. Automatic transmission, extra
luggage space and daring colours are objects of desire.
MOSCOW/MUMBAI (Reuters) – Russian billionaire Vladimir Yevtushenkov, owner of conglomerate Sistema, said on Friday he has held talks with tycoon Anil Ambani’s Reliance Communications about a possible joint venture in India.
Yevtushenkov said he had no plans to sell his Indian telecoms business Sistema Shyam Teleservices, one of the market’s smallest players with nearly 9 million customers and less than a 1 percent market share.