Daiichi-Ranbaxy may signal Big Pharma-generic deals

Daiichi Sankyo Co Ltd's for control of Ranbaxy Laboratories Ltd that pharmaceutical companies have a major appetite for generic drugmakers despite concerns about differences in their business models.

Reuters
http://in.reuters.com/article/asiaCompanyAndMarkets/
idINN1144380420080611?sp=true

Japanese firm Daiichi to buy stake in Ranbaxy

Leading Japanese pharmaceutical firm Daiichi Sankyo Company Ltd, will acquire majority stake in India's largest drug maker Ranbaxy Laboratories Ltd. The companies have announced a binding share purchase and share subscription agreement (the "SPSSA") between Daiichi Sankyo, Ranbaxy and the Singh family, the largest and controlling shareholders of Ranbaxy.

Business Standard
http://www.business-standard.com/common/
storypage_c_online.php?leftnm=10&bKeyFlag=
IN&autono=39729

Job market in India to remain positive: Manpower

The release of Manpower Employment Outlook Survey has revealed that job market in India is expected to remain positive yet cautious in the third quarter of 2008. Of the 32 countries and territories surveyed globally this quarter, employer hiring intentions continue to be robust in India with an overall Net Employment Outlook of +45%.

Indiainfoline
http://www.indiainfoline.com/news/
innernews.asp?storyId=70001&lmn=1

One night @ the Call Centre-in Hinterland

Welcome to the world of rural BPOs—an idea that has potential to dramatically change the way people look at rural and semi-urban workforce. While rural BPOs are changing lives for the village youth, for many companies the trend accompanies a big relief from increasing costs and nagging attrition in their urban units. Little wonder then, rural BPOs are growing at an impressive 60% clip, according to estimates.

The Economic Times
http://economictimes.indiatimes.com/
articleshow/msid-3085379,flstry-1.cms

Reliance, MTN Tie-Up Meets Financiers

Barclays Capital, Calyon and Lehman Brothers are close to arranging the financing behind Reliance Communications’ takeover bid for MTN, Africa’s biggest mobile phone company, following the collapse of talks between MTN and Bharti Airtel. Reliance, India’s second largest mobile phone operator, began discussing a possible merger with MTN only this week. Bankers involved in the financing say talks are at a very early stage. One banker said it was very likely that the banking group would be enlarged before any financing package was sealed.

The Euromoney Institutional Investor
http://www.emii.com/Article.aspx?ArticleId=1940048

Indian companies created 5,000 British jobs in 2007

Seventy Indian companies set up in Britain last year, creating 5,000 more jobs, Britain's trade and investment minister has said.Trade between India and Britain grew by 9.1 per cent last year, adding around 9 billion pounds to the total value

The Economic Times
http://economictimes.indiatimes.com/News/News_By_Industry/
Jobs/Indian_companies_created_5000_British_jobs_in_2007/
articleshow/3060180.cms

India 2nd optimistic employer in BRIC nations

Employment across BRIC region (Brazil, Russia, India and China) is likely to increase with the country expected to be the second most optimistic nation in terms of expanding its workforce over the next 12 months, says global consulting major KPMG.

Growth of employment is expected to be the strongest in Russia with almost half of Companies set to increase workforce numbers, while India followed suit and emerged as the second most confident nation

The Financial Express
http://www.financialexpress.com/news/
India-2nd-optimistic-employer-in-BRIC-nations/312671/0

Merger offer for MTN by this weekend

Bharti Airtel Ltd’s proposal to merge with MTN Group Ltd—not one buying the other—would be placed before the MTN board by the end of this week and likely taken up by the Johannesburg company’s board early next week, say people familiar with the talks between the two telecom companies. But a few industry analysts also predict MTN, Africa’s largest phone firm, will have to be valued at about $50 billion, or $25 a share (Rs1,060 per share), about 25% more than its current value, for a deal to be consummated.

Mint
http://www.livemint.com/2008/05/
14234019/Merger-offer-for-MTN-by-this-w.html

India's internet user base @ 46 mn

For the first time ever, the internet user base in India grew by over 40 per cent to touch 46 million in September 2007 from 32.2 million in the corresponding month last year. During the month, the number of active internet users reached 32 million, according the Internet in India Report 2007, published jointly by the Internet and Mobile Association of India and IMRB International.

Rediff.com
http://www.rediff.com/money/
2007/dec/05net.htm

India Inc eyes small cities for manpower

Despite the metropolitan cities offering maximum job avenues to the aspirants, the high cost of manpower and capacity constraints in these big cities is pushing industry to expanding its horizon towards small cities for job creation, according to ASSOCHAM Study on “Trends of Job Openings”. Out of the total 60 cities that have been tracked by the ASSOCHAM Placement Pattern (APP), the tier II and tier III cities have cornered 28% (total 14 tier II cities) and 38% (total 39 tier III cities) share of the job space respectively in the first three months of the year 2008.

Indiainfoline.com
http://www.indiainfoline.com/news/innernews.asp?
storyId=66863&lmn=1