Business-Feature articles

Australian mining firm picks Wipro for IT solution

Bangalore: Australian mining firm MMG has selected Indian IT bellwether Wipro Technologies for providing a key IT solution as its key strategic partner, the global software services major said Thursday. “The multi-million dollar deal involves developing an integrated business management over the next three years to MMG, with a common operating platform for its cross-country

“Rupee will stabilise in around current range”

New Delhi: The Indian rupee, which hit a record low of 56.52 against the dollar last week, is likely to stabilise soon at around the current range, Commerce Minister Anand Sharma said Tuesday. “This is a transition phase. The rupee will stabilise soon at around the current level,” Sharma told reporters after announcing the annual

India’s GVK joins Oz debate on foreign workers

Sydney: Hours after winning the nod for one of the largest coal mining projects in Australia, India’s GVK Group has joined the raging debate on using foreign workers in various Australian resources projects. “Our priority is offering locals and other Australians the opportunity to work on these projects,” GVK’s vice-chairman GVK Sanjay Reddy said in

Qantas to cut 500 jobs

Sydney: Largest Australian airline Qantas Airways announced on Monday that it would cut 500 jobs following a review of its heavy aircraft maintenance and engineering operations. The airline said it would consolidate heavy maintenance work into Brisbane in Queensland and Victoria’s Avalon, Xinhua reported. Qantas said the restructure was necessary as there was not enough

Australian mining giant squirms at India’s slow growth

Sydney: The unexpected slowdown in the Indian economy is creating ripples in Australia as a mining giant has expressed concern over the slackening iron ore demand from India. The economic growth of the emerging South Asian powerhouse is, according to a Fairfax Press columnist, causing “concern far more important than Greece collapsing or the euro

Ask NRIs to increase remittances: Assocham

New Delhi: Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy’s problems due to a depreciating rupee, an industry lobby said Sunday. “At present, NRI deposits are between $52 and $55 billion, which needs to be pushed up to an ambitious level of $75-80 billion,” said Assocham (Associated

Wipro buys Australian analytics firm

Global software major Wipro Ltd has acquired Australian analytics firm Promax Applications Group for AUD 35 million (Rs.189 crore). “The acquisition of Promax will strengthen our positioning and capability in management, analytics and optimisation of trade promotions and extend our leadership in analytics and information management services,” Wipro global head for analytics and information management