indian

 
 

Sources: Carlsberg, United Breweries plead leniency in India beer cartel probe

NEW DELHI, Dec 13 — Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters. The…


IJM Corp sees better performance from construction division in mid-2019

KUALA LUMPUR, Dec 13 — IJM Corporation Bhd expects its construction division to perform better from the second half of next year as its current projects are still at the initial or foundation stages. Chief Executive…


Ananda Krishnan sells tropical holiday resort in Europe

PETALING JAYA, Dec 12 — Tan Sri Ananda Krishnan, one of Malaysia’s richest men, is selling off a tropical-themed resort in Germany for more than a billion ringgit, Bloomberg reported today. The report said Parques Reunido Servicios Centrales SA,…


India appoints Modi ally as new central bank head

MUMBAI, Dec 11 — India’s government named an ally of Prime Minister Narendra Modi as the country’s new central bank chief today, a day after his predecessor quit following a dispute about government interference. Shaktikanta Das has been…


As India looks for new central bank head, investors worry about independence

MUMBAI, Dec 11 — Reserve Bank of India (RBI) Governor Urjit Patel’s shock resignation following a policy tussle with the government sent tremors through financial markets today, and investors are keen to see the government quickly name a…


India's rupee, stocks down as central bank chief quits

MUMBAI, Dec 11 ― India's rupee plunged along with equities today after the country's central bank chief quit following a dispute with the government that analysts say raises fears about its independence. Urjit Patel stood down as governor of the…


TNB slips on Bursa despite partnership agreement announcement

KUALA LUMPUR, Dec 11 ― Shares of Tenaga Nasional Bhd (TNB) on Bursa Malaysia slipped this morning, despite its partnership agreement to expand the renewable energy (RE) portfolio. At 9.43am, the utility company’s stock eased two sen to RM13.54…


India central bank chief quits amid spat with government

NEW DELHI, Dec 10 — The head of India’s central bank announced his resignation today following a public spat with Prime Minister Narendra Modi’s administration about alleged government interference. Reserve Bank of India governor Urjit Patel…


Slow train to China: India’s trade ties with Beijing taking time to ripen

NEW DELHI: China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian trade bodies, progress is very slow – and may even be getting slower after last weekend’s truce between the United States and […]


Serba Dinamik acquires 30% interest in Indian IT company

PETALING JAYA: Serba Dinamik Holdings Bhd, which acquired a 30% stake in India based IT company, eNoah iSolutions India Pvt Ltd, will be allocating RM30 million for the company to undertake projects in the coming year.

eNoah offers cutting edge business process outsourcing and IT solutions to Fortune 500 companies worldwide, in the integrated health, insurance, manufacturing and automative domains.

The diversified group via its wholly-owned subsidiary Serba Dinamik IT Solutions Sdn Bhd (SDIT), today entered into a share and purchase agreement with the 12 shareholders of eNoah for the stake buy.

Simultaneously, SDIT also inked a shareholders agreement with eNoah and the remaining existing shareholders of the company to regulate the affairs of the company.

For starters, the company is looking to bid for an infrastructure job in Singapore which is worth some SG$500-800 million.

Serba Dinamik’s group CEO Datuk Dr.Ir Mohd Abdul Karim Abdullah said through eNoah, Serba Dinamik is looking to tap into the populous Indian market as well as to leverage on its international client base in the US, Singapore and Australia.

He said they are also looking to tap into eNoah’s pool of talent and expertise.

In turn, eNoah will be leaning on Serba Dinamik for funding, regulating company affairs as well as tapping into the Middle East, where Serba Dinamik already has a footing.