Indian corporates on fact finding mission
Competitive terms a must to attract best in oil
rigging:
Sri Lanka and India should offer globally
competitive terms and conditions in oil exploration to attract the
best in the world, Indian Minister for Commerce Jairam Ramesh told
the Daily News Business. "When India was exploring oil and petroleum
resources in 1986 by the famous Reliance Group we offered globally
attractive terms and conditions, which enabled India to be
competitive in the area, Minister Ramesh told a media conference in
Colombo," yesterday.
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Virtusa records US$ 42.5m revenue in 3Q
Virtusa's revenue increased 26 per cent year
over year and 5.5 per cent sequentially, to US$ 42.5 million for
third quarter of fiscal 2008, General Manager, Virtusa, Madu
Ratnayake said. Virtusa also reported third quarter income from
operations of US$ 5.9 million. This represents an increase of 44 per
cent compared to US$ 4.1 million for the third quarter of fiscal
2007.
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Brandix scores big in India
Visiting Minister State for Commerce of India,
Jairam Ramesh said Brandix Lanka was the most non-controversial
company to set up business in the Indian Special Economic Zones.
Brandix invested US $ 50 million to set up business in Vishakapatnam,
India in the 1,000-acre park two years ago.
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