Indian IT services market to register 12 per cent growth in FY15

The domestic IT services business is expected to grow 9-12 per cent in FY15, said Mr R Chandrashekar, President, National Association of Software and Services Companies (Nasscom). It expect exports to outperform with a growth of 13-15 per cent, valued at US$ 97-99 billion, in FY15, led by demand growth in the US and the UK.

India's tourism industry to grow 7.3 per cent in 2014: WTTC

India's travel and tourism industry is expected to grow by about 7.3 per cent in 2014, according to the World Travel & Tourism Council (WTTC). The revenue from domestic tourism is expected to grow by 8.2 per cent in 2014 as compared to 5.1 per cent a year ago.

Internet-influenced insurance sales to touch Rs 400k crore by 2020

Insurance sales from online channels are expected to grow by 20 times by 2020, but overall internet influenced sales would be Rs 300-400k crore (US$ 49.09-65.45 billion), according to a report titled ‘Digital@Insurance-20X By 2020’ by Boston Consulting Group (BCG) and Google India.

Indian luxury car market youngest in world

India's demographics have turned the country into one of the youngest luxury car markets in the world. Top luxury car brands like Audi, Mercedes-Benz and BMW—together comprise more than 95 per cent of India's luxury car market.

UK keen to boost trade with Kerala

The United Kingdom (UK) is looking at trade partnerships with the Government of Kerala in a big way in sectors such as healthcare, education and infrastructure, said Mr Bharat Joshi, Deputy High Commissioner, UK Trade and Investment, Chennai.

Australia pitches for more Indian investments

The Government of Australia is keen on increasing foreign investment and is prioritising 'economic diplomacy', according to Mr Stuart Campbell, Deputy Consul-General to South India, Australian Consulate General. Australia is also interested in a two-way student exchange programme and hopes its 'New Colombo Plan' that enables Australian students study in Asian universities would lead to Australian students studying and working in India, said Mr Cambell.

IRCTC records over half a million ticket bookings

Indian Railways Catering and Tourism Corporation (IRCTC) booked over half a million e-tickets on March 19, 2014. This is the highest number of tickets booked through the website in a single day.

Tech Mahindra sets up third delivery centre in Germany

Tech Mahindra has set up its third delivery center in Düsseldorf, Germany, for servicing its European clients. The 50 seat centre would also engage with local academia and provide work experience to students in the Nordrhein-Westfalen region.

Baumer sets up engineering and assembly centre in Pune

Switzerland-based Baumer Group has set up an engineering, training and assembly operations at Pune to manufacture electronic pressure sensors. The company plans to begin sourcing of local components.

Avantha Group's CG signs pact with Paraguay's ANDE

Avantha Group Company CG has signed a contract with the State Utility of Paraguay - Administracion Nacional de Electricidad (ANDE) for the supply of 19 single and three phase transformers amounting to a total of 683.3 MVA, for expansion of the country’s 220 kV electricity network.

Infosys ties up with Volvo Cars for app development services

Infosys has signed a multi-year contract with Volvo Cars to provide application development services to the latter's global operations. The application development work includes maintaining applications to support multiple domains, including marketing and sales, customer service, manufacturing, product development and corporate business functions.