Reuters sees India as global hub
451552
News and information provider Reuters says it plans to make Bangalore its biggest information-gathering centre, basing 10% of its workforce there.
758766
India could overtake Britain and have the world's fifth largest economy within a decade, a report says.
369666
(InfoWorld) - General Electric CEO Jeffrey Immelt warned an audience of Indian business leaders Friday that India's strong economic growth wouldn't come at the expense of the economic health of countries like the U.S. Immelt made the remarks at the Global Alumni Conference of the Indian Institute of Technology (IIT), which drew close to 4,000 people to Santa Clara, California. IIT, with seven campuses throughout India, has 100,000 alums worldwide, about 25,000 of whom live and work in the U.S. Immelt acknowledged that the offshoring of U.S. positions to India has cost the nation jobs and reduced its manufacturing base. But Indian companies need to grow enough to expand globally, creating jobs in the U.S. "The challenge to India is can the standard of living of India grow by a hundredfold without the standard of living of America going down at the same time?" Immelt said in a keynote address. "India's ability to figure out the win-win, to figure out a way the whole pie gets bigger, that it's not just taking from one place to the other, that in the end is going to determine whether this will be the Indian century." Immelt cited Japanese companies like Toyota and Canon that succeeded by expanding beyond Japan's borders to invest in global markets. He encouraged Indian companies to pursue the same strategy. Of GE's total work force of 300,000, 13,000 live and work in India, and the company plans to add 4,000 jobs there over the next few years. While India's economy is growing, Immelt said it still needs significant new investment in infrastructure, including roads, power plants, and other facilities. GE specializes in infrastructure technology, including nuclear power reactors and gas turbines as well as medical equipment and jet engines. U.S. Senator Hillary Clinton, a Democratic candidate for president in 2008, cancelled a planned visit to the Global Alumni Conference to give a Friday afternoon address. She received boos from some in the audience when it was announced that she'd speak to them only via a satellite TV link.
353829
Global offshoring of IT services, manufacturing, and other business functions will continue to grow over the next three years, with countries in Eastern Europe taking on India and China as leading destinations, according to a recent report.
683735
Ahead of the International Monetary Fund-World Bank meeting, the World Bank on Tuesday placed India as the fourth largest economy in terms of purchasing power parity, even as it said the country lagged behind in technology and efficiency.
153260
Days after India&#39;s stock market hit an all-time high, hundreds of executives and policymakers from around the world gathered Sunday to explore business opportunities in one of the world&#39;s fastest-growing economies.
414838
NEW DELHI -- Network equipment maker Cisco Systems Inc. will set up a center in India to support all aspects of its worldwide operations, the company's chief executive said Wednesday.
100600
New Delhi: India, the world&#39;s largest democracy, ranks 120th in the media freedom index of 167 countries with Denmark on top and North Korea at the bottom.
153354
Financial news and information  provider Reuters Group Plc said on Thursday it plans to make  Bangalore its biggest information-gathering hub, employing up  to 1,500 people, or 10 percent of its total workforce.
4871
India's economy, Asia's fourth largest, can grow at 10 percent a year for several years and make a dent in poverty on the back of sound economic policies, a top IMF official said on Wednesday.
481950
Indian professionals, venture capitalists (VCs), and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm.
516634
InfoWorld - India&#8217;s business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country&#39;s main trade association for that sector said Monday.
405157
India is set to make its debut at the G7 next month, becoming only the third outside country to attend a meeting of the club of rich nations in a sign of its growing importance as a world economic power.
270844
Riding on a &quot;crest&quot; of high economic growth, India is poised to clock 7-8 per cent GDP growth on a sustained basis in the next 10 years driven mainly by galloping trade, Finance Minister P Chidambaram said today.
474716
BANGALORE: Prior to his departure, following a two-day visit to Bangalore, Russian President Vladimir Putin witnessed India&#39;s aeronautics capability, at Hindustan Aeronautics Limited (HAL) here.
686531
Reuters, the news service and data company, which is trying to meet stringent cost-cutting targets, said Thursday it would triple the number of employees it has in India by the end of next year.
231961
India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US recession, analysts say.