http://india-business-review.com Facts, Trends and Views on Business in India Wed, 07 Jan 2009 11:03:35 +0000 http://backend.userland.com/rss092 en Today is a bad day for investors of the Indian capital markets. Till now the belief was that Satyam's Board did a fiasco (which is paradonable if the intent was genuine) by doing things without the right process. But today, Satyam's chairman has revealed fraud in financial statements over the last few ... http://india-business-review.com/satyam-reveals-fraud-after-fiasco/ In one of the fastest network roll outs to cover one billion people, Reliance Communications (RCom) on has unveiled its nationwide GSM mobile service across 11,000 towns. The rollout with an investment of Rs 10,000 crore, makes RCom the only national player to offer both CDMA and GSM services to customers. RCom ... http://india-business-review.com/rcom-rolls-out-gsm-service-in-11000-towns/ Indian Energy Giant -- Oil and Natural Gas Corp (ONGC) -- has made a timely European acquisition: Imperial Energy. Imperial Energy is based in Leeds, UK and owns oil producing blocks in Tomsk region of western Siberia in Russia and Kastanai in north-central Kazakhstan. The ONGC has taken control of Imperial Energy ... http://india-business-review.com/ongc-to-acquire-imperial-energy-shareholders-approve-the-deal/ The Satyam event has been on the centre stage on Indian business for the last two weeks. This year 2008 has shown us so many events in the financial space that we are primed for every kind of possibility. The Satyam event has no precedence in the Indian business environment where ... http://india-business-review.com/lessons-from-satyam-investor-issues/ Foreign companies may set up business in India in any one of the following manners while retaining its status as a foreign company: 1. Liaison Offices - A foreign company can open a liaison office in India to look after its Indian operations, to promote its business interests, to spread awareness ... http://india-business-review.com/guidelines-for-foreign-company-set-up-in-india/ The Chief Executive Officer of Gradiano/Graziano was on Monday beaten to death by a group of dismissed employees inside office premises after a meeting called to resolve dispute between them and the management failed. Mr LK Chaudhury, the CEO of Gradiano in Udyog Vihar of Greater Noida, was killed when ... http://india-business-review.com/ceo-beaten-to-death-by-dismissed-employees-in-india/ Subhiksha to be put on the block is the news from Indian Retail Industry. If you have been following Indian retail industry, you would have noted Subhiksha rapid growth over the last couple of years, adding hundred plus stores per quarter. Here's a brief Q&A with Sandeep Saxena, Managing Director of 7Avenues ... http://india-business-review.com/indian-retail-industry-subhiksha-wants-to-sell-out/ Sovereign funds like Singapore’s Temasek Holdings and the Abu Dhabi Investment Authority have become more active and influential after investing in Wall Street and European banks that have been hit by losses from risky US mortgages. Sovereign funds, which are estimated to hold assets worth as much as $3 trillion, have ... http://india-business-review.com/sovereign-funds-invest-25bn-in-2008/ A combination of a weakened currency and an urgent need to cut costs at big pharma companies is driving a surge of drug development and manufacturing business for India. The Wall Street Journal says bad times in Big Pharma are spurring a boom for operators in India as well as ... http://india-business-review.com/indias-biopharma-surges-on-outsourcing-boom/ The number of wireless subscribers in India has reached 250 million, making India the second-largest wireless market in the world, says a World Bank study titled: The Role of Mobile Phones in Sustainable Rural Poverty Reduction. Authored by Asheeta Bhavnani, Rowena Won-Wai Chiu, Subramaniam Janakiram and Peter Silarszky, the study says ... http://india-business-review.com/india-now-2nd-largest-wireless-market-after-china/