China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy. Get the full story »
Inside these posts: India
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SEC investigating Kraft for corruption in India
The U.S. Securities and Exchange Commission is investigating Northfield-based Kraft Foods Inc. for possible corruption at an Indian facility of its Cadbury unit, the company said in a regulatory filing.
Kraft, the marker of Maxwell House coffee, Oscar Meyer lunch meats and Velveeta cheese, received a subpoena from the SEC on February 1, the filing said. Get the full story »
McDonald’s India franchisee plans 30 more stores
McDonald’s Corp.’s Indian franchisee plans to set up 30 new restaurants in the southern and western parts of the country this year, as part of the restaurant chain’s expansion plans in Asia’s third-largest economy.
Speaking to Reuters in an interview, Hardcastle Restaurants Private Ltd Vice Chairman Amit Jatia said the franchisee would invest $111 million in India over the next three to four years. Get the full story »
Jan. 31 at 6:34 a.m.
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Filed under: Cell phones, International, Telecommunications, Wireless India, Pakistan demand full BlackBerry access
India rejected on Monday Research In Motion’s offer to allow it only partial access to its BlackBerry data services as neighbouring Pakistan also moved to restrict the popular smartphone’s services.
It was not immediately clear what the Indian government, which says it is driven by security concerns, would do after the Canadian smartphone maker failed to fulfill demands to monitor encrypted corporate e-mail by a Jan. 31 deadline. RIM had said was confident India would not ban its services. Get the full story »
Deere to invest $100M to expand India capacity
U.S. farm equipment maker Deere & Co will spend $100 million to expand its capacity to produce tractors for the Indian market and for export, building a new factory and expanding an existing one. Get the full story »
Sara Lee agrees to sell cleaning products unit
Sara Lee said it agreed to sell its White King and Janola cleaning products business to Australia-based detergent maker Symex Holdings for 37.9 million euros ($49.7 million).
The deal brings Sara Lee closer to its goal of focusing on selling food, coffee and tea.
Sara Lee, which has already spun off its body care, air care businesses and its stake in a joint venture with India’s Godrej, expects the deal with Symex to close during the first quarter of 2011. Get the full story »
Mapping firm Navteq opens R&D lab in Mumbai
Chicago-based digital mapping company Navteq has opened a new research and development center in Mumbai, India.
The Mumbai center will employ 150 people and is located near another Navteq facility in the same city. The company’s other R&D centers are in the U.S., Germany, the United Kingdom, Korea, Bosnia and Slovakia. Get the full story »
India granted limited BlackBerry Messenger access
The maker of the BlackBerry smartphone has granted India’s government manual access to its Messenger service and has promised automated access by Jan. 1, enabling authorities to track such messages in real time, the country’s top interior ministry official said Friday. Get the full story »
Bill on outsourced jobs fails Senate test
As expected, a Senate bill designed to end tax breaks for U.S. companies that move jobs and manufacturing plants overseas failed a key test vote Tuesday.
With a 53-45 vote, Senate Republicans blocked a Democratic efforts to end debate and ultimately vote on a “jobs” bill. Get the full story »
India may sign $3.5B deal for Boeing planes
India may sign a $3.5 billion deal to buy 10 of Boeing Co’s BA.N C-17 Globemaster III aircraft for its air force, the Economic Times reported on Wednesday. Get the full story »
Abbott completes acquisition of India’s Piramal
Abbott Laboratories Wednesday said it closed the acquisition of Piramal Healthcare Ltd.’s generic drugs unit. In May, Abbott had agreed to buy Piramal’s healthcare solutions business for about $3.7 billion, Abbott Laboratories said in a statement.
Aug. 30, 2010 at 1:32 p.m.
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Filed under: Cell phones, Government, International, Technology, Telecommunications India says RIM to give it access to secure data
BlackBerry maker Research In Motion will give India access to secure data from Sept. 1, a government source said Monday as the country pushes RIM, Google and Skype to set up servers in India due to its security concerns.
On Monday, the interior ministry said RIM had offered India a few proposals to gain access its secure data and that the feasibility of the solutions would be assessed within 60 days. It did not give details of the solutions. Get the full story »
Abbott looks to India with latest takeover
India’s market leader in medicines will soon be based near Lake Michigan.
Abbott Laboratories will hold the biggest share of India’s pharmaceuticals market, about 7 percent, when the company closes as early as next month on a $3.7 billion takeover of the drugs business of Piramal Healthcare Ltd. After committing more than $10 billion since February on such deals, Abbott Chief Executive Miles White said he has assembled a business in fast-growing countries that the company will count on for a big part of its growth. Get the full story »
India sees solution on BlackBerry e-mails
BlackBerry-maker Research In Motion may provide some solution next week to help Indian security agencies access corporate email by obtaining encrypted data in readable format, a government source said on Friday. Get the full story »
