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IT industry to touch $50 billion revenue: NASSCOM The National Association of Software and Services Companies (NASSCOM), India's apex body of the IT software and services industry, is optimistic that the Indian IT sector would see its revenue touch $50 billion in 2007-08 despite the rupee's appreciation against the US dollar. 09 Aug 2007
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India, Pakistan to boost bilateral trade to $10 billion India and Pakistan have set a target to achieve a bilateral trade of $10 billion by 2010, more than five times its present level, by putting in place several measures, including opening bank branches, allowing ships to dock, allowing movement of cement and tea as well as addressing issues of non-tariff barriers. 09 Aug 2007
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Reliance Industries to invest $14 billion in oil business India's most valuable company in terms of market capitalization, Reliance Industries Ltd. (RIL) has announced that it plans to invest up to $14 billion in its oil exploration and production business and laying transportation pipelines. 06 Aug 2007
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India needs more planes, says Boeing Seattle-based major aerospace and defense corporation, Boeing Company, has revised its current market outlook (CMO) saying India would need 911 new commercial passenger aircraft worth $86 billion over the next 20 years given the country's robust economic growth and rising demand for air travel. 02 Aug 2007
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Deal Done: Murdoch gets Dow Jones for $5 billion Media mogul and owner of News Corporation Rupert Murdoch has come a step closer to clinching ownership of the Wall Street Journal's publisher, Dow Jones, after key members of the controlling Bancroft family switched sides to back his $5 billion takeover bid. 02 Aug 2007
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Jindal Steel to invest $2 billion in Bolivia India's leading steel producer Jindal Steel and Power Ltd. (JSPL) has inked a $2.1 billion (€1.5 billion, £1 billion) deal with Bolivia for development of one of the world's largest iron ore deposits, El Mutun, along with steel making facilities. 25 Jul 2007
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Top Indian IT majors earn $17 billion Top Indian IT firms, including Wipro, Tata Consultancy Services (TCS), Infosys, Satyam, HCL Technologies, Teledata Informatics, Redington India, HCL Infosystems, Tech Mahindra, Patni Computer Systems and Moser Baer, have cumulatively earned $ 17 billion in 2006-07, with top 20 IT firms operating in India including HP, IBM, Ingram Micro, Oracle, Cognizant, Cisco, Intel, Microsoft and Lenovo registering a revenue of $11 billion, a 39 percent year-on-year growth in revenue, a survey has revealed. 20 Jul 2007
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Bharti Airtel, Ericsson ink $2 billion network deal India's largest private mobile services provider, Bharti Airtel, and Sweden's Ericsson have inked a $2 billion two-year deal whereby the latter will help Bharti expand its telecom network as it looks to push into new rural markets. 19 Jul 2007
Rio Tinto bids $38.1 billion for Alcan, Alcoa quits Mining giant Rio Tinto has offered to buy Canadian aluminum company Alcan Inc. for $38.1 billion, the companies said Thursday, July 12, in a friendly takeover that counters a hostile bid by U.S.-based Alcoa. 18 Jul 2007