New Delhi, India : The world's largest snacks compamy Mondelez International Monday said it has changed the name of its Indian subsidiary Cadbury India Limited to Mondelez India Foods Limited.
The change in name of Cadbury is in line with the gradual changeover of the name of all subsidiaries of Mondelez International globally.
“With the change in name of the company to Mondelez India Foods Limited, we conclude the process of transition that began over two years ago,” said Manu Anand, managing director of Mondelez India.
“We are today the pre-eminent and most loved food company in India with leadership in fast growing categor
Beijing, China: China will kick off a number of major energy projects to ensure stable economic growth and restructure its energy layout, Premier Li Keqiang has revealed.
Li made the remarks at a meeting of the State Energy Commission held Friday, Xinhua reported.
The projects will mainly include nuclear power plants on the eastern coast, hydropower stations, wind and solar power stations and extra-high-voltage power transmission lines. (IANS)
Beijing,China: The number of advertisement companies in China increased 17.9 percent in 2013 from the previous year, authorities said.
The State Administration for Industry and Commerce (SAIC) also said the number of employees working in the advertisement sector rose 20.4 percent in 2013 year-on-year to 2.62 million, Xinhua reported Gan Lin, deputy head of the SAIC, as saying.
China's advertisement industry registered a relatively fast expansion in 2013, but the growth rates of advertisement companies and employees both decelerated from 2012, Gan said at an industry conference earlier this week.
Online advertisement companies' business rev
Tokyo, Japan : Japanese Prime Minister Shinzo Abe made an offering to the notorious war-linked Yasukuni Shrine Monday during its three-day spring festival.
The sacrifice came ahead of US President Barack Obama's visit to Japan later this week and Abe, in a move to avoid provoking the US, decided not to worship the shrine during the spring festival, Xinhua reported.
Abe also visited Yasukuni on the first anniversary of the launch of his government on Dec. 26 2013.
The December shrine visit triggered strong opposition worldwide, including China and South Korea. The US, Japan's key ally, also commented that Abe's visit was disappointed an
Ramallah, April 14: Palestinian peace negotiators said Sunday that if Israel is going to impose economic sanctions against the Palestinian National Authority (PNA), they might halt security coordination with Israel.
During a meeting in Jerusalem, the Palestinian negotiation team refused to extend the ongoing peace talks, which will end later this month, unless Israel agrees to release the final batch of Palestinian prisoners. The Palestinians also demanded a halt of Israeli settlement construction, Xinhua reported.
Israel insisted that the Palestinian bid to join 15 international and UN agencies be frozen, which was rebuffed by Palestinian negotiators.
New Delhi, April 13: Delhi businessman Sameer Manchanda, who Sunday bought the Delhi franchise of Indian Super League (ISL), said the much awaited eight-city league was the missing link in Indian football.
Manchanda's DEN Network, a cable network company, bagged the sole rights for Delhi by reportedly paying around Rs.12-15 crore per year for a period of 10 years.
Manchanda, a qualified chartered accountant, concurred with claims by ISL promoters IMG-Reliance that the eight-city league aims to glamourise the sport in the country.
"Soccer runs in the blood of every Indian and is part of our sporting DNA. We see this in the million
New Delhi, April 13: Germany-based high-end domestic appliances maker Miele would invest around Rs.100 crore on expanding its presence in India, mostly in tier-2 cities like Raipur, Indore and Coimbatore, a top company official said.
Managing director of Miele India Dhananjay Chaturvedi said the company expects strong growth in Indian markets in the coming years and has outlined an aggressive expansion plan to cater to growing demand.
“We started in India in late 2009. Our sales are in high double-digit crore. We are expecting it to be in triple-digit crore soon,” Chaturvedi told IANS.
However, he declined to give exact sales fig
Mumbai, April 12: India's foreign exchange (forex) reserves increased by $2.97 billion to $306.64 billion for the week ended on April 4, Reserve Bank of India (RBI) data showed.
The forex reserves have soared past $300 billion mark for the first time since December 2011.
This is the sixth consecutive week of increase in the country's forex reserves as overseas investors poured in money in local bonds and stock markets. The forex reserves had risen by $5.03 billion and $1.34 billion in the previous two weeks.
According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, rose
Munich, April 12, : German car producer BMW Group has recalled almost half a million cars with 6-cylinder engines, since realising that a screw in the engine compartment could possibly break and damage the engine in rare cases, a company official said Friday.
Around 489,000 cars with 6-cylinder engines that were manufactured between September 2009 and November 2011 are involved in the recall, Xinhua reported.
BMW has already made the recalls public in China and America, with about 232,000 and 156,000 cars, while 20,000 in Canada, 10,800 in Germany and 8,600 in Japan, German media cited the spokesman as saying.
There have not been accidents due to
April 11, New Delhi: Automobile manufacturer Maruti Suzuki said Friday it will recall 103,311 vehicles, including brands like DZire sedan, Swift hatchback and the Ertiga MUV to replace a faulty 'fuel filler neck' that may lead to leakage.
The company said that it will recall 42,481 units of DZire, 47,237 units of Swift and 13,593 units of Ertiga manufactured between November 12, 2013 and February 4, 2014.
"In the affected vehicles there is a possibility of fuel smell and in extreme condition there may be some fuel leakage, if fuel is filled upto the fuel cap, beyond 'auto cutoff level'," the company said in a statement adding t
American technology firm Symphony Teleca Corporation (STC) has confirmed that it will acquire Bangalore-based Aditi Technologies, which will keep on operating as a new unit of STC with no changes in leadership.
STC will use Aditi Tech's design and cloud expertise as a strategic growth lever to complement its engineering, mobile as well as analytics abilities. The American firm said the acquisition was aimed at developing its capabilities to deliver Systems of Engagement (SOE).
According to a report by market research Zinnov, the SOE market will grow from $33 billion in 2013 to $111 billion by 2020.
Pradeep Rathinam, CEO of Aditi Tech, said, &q
Japan-based Toyota Motor Corp. has announced its plans to introduce a new series of fuel-efficient engines that will cut fuel costs for vehicle owners and help manufacturers meet tighter emissions regulations.
Toyota said it would introduce a total of 14 engine models in the new series fuel-efficient engines over the next couple of years. The new series start off with 1.0 and 1.3 litre gasoline engines.
Over the last many years, Toyota concentrated on gasoline-electric hybrid engines to improve fuel efficiency, but outside conventional engines remained more popular than hybrid engines in the global market. For instance, Ford Motor Co, Honda
Stock in Tata Motors gained 0.64 per cent to Rs 433.50 a share in early morning trade on Friday on the Bombay Stock Exchange, after the company's UK-based luxury car arm Jaguar Land Rover (JLR) reported strong Q1 sales.
JLR on Thursday announced that its sales jumped 8 per cent to 124,776 units in March quarter of 2014 over the same quarter of the previous year. JLR sales rose 3% to 55,183 units in March 2014 over March 2013.
In the month of March alone, JLR sales jumped 3 per cent year-on-year to 55,183 vehicles.
Jaguar sales increase 19 per cent to 24,031 units in the three month through March 31, 2014; while in the mont
April 11, Bangalore, : Indian IT bellwether Infosys Ltd. is on lookout for a new chief executive to succeed its incumbent and co-founder S. D. Shibulal, who wants to quit soon.
"The nominations committee of the board of directors has begun the search to select a successor to Shibulal, who expressed his desire to retire as the chief executive and managing director on the date of last board meeting or before his superannuation Jan 9, 2015," the company said in a statement here.
The board of directors is scheduled to meet April 15 to approve the company's accounts for fiscal 2013-14 at its corporate headquarters in this tech hub.
Jerusalem, April 9 - Israel's economic growth and unemployment rate are both expected to go up in coming future against the backdrop of a stronger global economic recovery, the International Monetary Fund (IMF) said on Tuesday.
Israel's economic growth will increase from this year's 3.2 percent to 3.4 percent in 2015, driven mainly by the start of gas production from the country's offshore Tamar and Leviathan gas fields, Xinhua quoted the IMF as saying in its biannual economic forecast, the World Economic Outlook 2014.
The IMF forecast is more optimistic than that of Israel's central bank. The latter expects only a three-percent growth in 201
Tokyo, April 8 - Tokyo stocks ended the morning session lower Tuesday following losses in the US market.
The 225-issue Nikkei stock average lost 167.24 points, or 1.13 percent, from Monday to 14,641.61, reported Xinhua.
The broader Topix index of all first section issues on the Tokyo Stock Exchange was down 19.46 points, or 1.63 percent, to 1, 177.38.
Decliners were led by pharmaceutical, mining and rubber shares. (IANS) Source: Top News
Beijing, April 8 - The Chinese yuan strengthened 30 basis points to 6.1527 against the US dollar Tuesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, reported Xinhua.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (IANS) Source: Top News
The Business Aircraft Operators' Association (BAOA) on Friday objected to the Directorate General of Civil Aviation's (DGCA's) recent surprise inspections of private planes and the publicizing of the inspection reports.
On March 22, DGCA had grounded Reliance Commercial Dealers Ltd's private jet, citing major violations related to safety equipment. The civil aviation regulator also conducted surprise inspection of an aircraft owned by Jindal Steel & Power Ltd. On March 28, inspectors from DGCA held up a Hawker 800 XP of SRC Aviation for several hours as they found a number of safety violations.
But, BAOA Secretary R. Bali said that t
The government wants Steel Authority of India Limited (SAIL) to further extend its reach in the international market presence by offering more value-added steel products in emerging economies.
The piece of advice was given by Steel Secretary G. Mohan Kumar yesterday, during a review of the performance of the state-run steel producer at its central marketing organisation (CMO) headquarters in Kolkata.
Mr. Kumar said that the steel giant should "further widen its international presence and reach value-added steels to newly emerging markets" across the globe.
Mr. Kumar's advice comes a few days after a parliam
Indian companies are playing an important role in brining the British economy back on the path of sustainable growth by generating new jobs, an analysis of figures compiled by consultancy firm Grant Thornton LLP showed.
According to a report prepared by Grant Thornton LLP prepared in partnership with the Confederation of Indian Industry (CII), more than seven hundred Indian companies in the UK employed more than one lakh people, providing a big boost to the economy.
Indian salt-software conglomerate Tata Group topped the list of top Indian employers in the UK, with its Tata Steel and Tata Motors subsidiaries together generating nearly 60,000 jobs.