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India Services News

India is 2nd biggest destination for UAE’s postal service Apr 17, 2013India is 2nd biggest destination for UAE’s postal service

UAE’s Emirates Post has said that its Express Parcel service saw the second biggest increase of 41 per cent in parcel volumes to India in the first quarter of 2013. The biggest increase of 114 per cent was seen in parcels to China in the first quarte... >> more

50 pc of Fortune 500 cos to have MNC centre in India by 2015' Apr 9, 201350 pc of Fortune 500 cos to have MNC centre in India by 2015'

India is expected to strengthen its status as the most preferred offshore destination of the world with half of the Fortune 500 companies likely to have their outsourcing centres in India in the next two years, according to a study by market resea... >> more

India Post to set up third automated mail processing centre in Hyderabad Apr 2, 2013India Post to set up third automated mail processing centre in Hyderabad

India Post will set up the third Automated Mail Processing Centre in Hyderabad in the next few weeks. The Rs 60 crore centre, coming up near the international airport at Shamshabad, can sort 30,000 mails every hour. This is expected to reduce time... >> more

Services exports in Jan up 8% at $13.90 bn Mar 18, 2013Services exports in Jan up 8% at $13.90 bn

India's services exports in January, 2013 stood at $13.89 billion, up 7.9 per cent from a month ago, according to the Reserve Bank Bank of India. The services exports in December, 2012 stood at $12.88 billion. Imports of services also moved up to ... >> more

Snapdeal partners WarrantyBazaar.com Mar 4, 2013Snapdeal partners WarrantyBazaar.com

Snapdeal has partnered with WarrantyBazaar.com to offer extended warranty on various electronic products like tablets, mobile phones, computers and peripherals.With this association, customers can now avail extended warranty packs, onsite support ... >> more

Thomas Cook to buy majority stake in HR firm IKYA for Rs 256 cr Feb 6, 2013Thomas Cook to buy majority stake in HR firm IKYA for Rs 256 cr

Travel services provider Thomas Cook (India) Ltd (TCIL) is acquiring 74 per cent stake in HR solutions company IKYA Human Capital Solutions for Rs 256 crore (approximately $47 million). The company expects the acquisition to add to its existing bo... >> more

Tata Consulting Engineers acquires Ecofirst Feb 6, 2013Tata Consulting Engineers acquires Ecofirst

Tata Consulting Engineers Ltd (TCE) has acquired Ecofirst Services Pvt Ltd, a joint venture between Milestone Capital Advisors Ltd and J. Leon Group (UK). Financial terms of the acquisition were not disclosed. Following the acquisition, Ecofirst b... >> more

Myntra.com ties up with Timberland Jan 30, 2013Myntra.com ties up with Timberland

Fashion portal Myntra.com, which has over 500 brands on its platform, has tied up with international footwear brand Timberland.With Myntra.com’s wide reach, Timberland hopes to tap the discerning consumers seeking stylish and sustainable products ... >> more

Zomato to invest $2 mn for expansion in FY’ 14 Jan 21, 2013Zomato to invest $2 mn for expansion in FY’ 14

Online restaurant guide Zomato today said it will invest $2 million (around Rs 11 crore) to expand its operations in the country and overseas. “The total capex for expansion will be $2 million in the next financial year. We will be starting our opera... >> more

Hitachi Consulting to expand India operations; open to more acquisitions Jan 18, 2013Hitachi Consulting to expand India operations; open to more acquisitions

Hitachi Consulting is on expansion drive in India and plans to more than double its headcount from 2000 to over 4500, including strengthening its physical infrastructure. Part of the Japanese conglomerate Hitachi Limited, Hitachi Consulting recently ... >> more

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