Novell to invest $100 mln in India over 3 yrs

Wed Apr 16, 2008 2:36pm IST

[-] Text [+]

BANGALORE (Reuters) - Business software maker Novell Inc plans to invest $100 million in India over the next three years as it seeks to boost its presence in Asia's third-largest economy, its chief executive said on Wednesday.

The investment includes an engineering facility in Bangalore, its largest outside the United States, which CEO Ron Hovsepian inaugurated on Wednesday.

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008. REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow

India: Too early to assess crisis impact

Asia banks, builders hammered

COLUMNS

Economic cost of global warming

Should Indian cable TV operators become telcos?

Advisers get creative in quest for healthy bank M&A

Growth or stability -- tough choice for Finance Ministry and RBI

U.S. tariffs would chill climate pact and trade

"Cancer of fraud" permeates U.S. healthcare system

More Money News

Fed's Bernanke - audit would hurt economic prospects

GM's Saab says talking to possible buyers

Black Friday sales seen strong, but will it last?

Banks, world leaders play down Dubai debt threat

Wall St Week Ahead: Jobs data eyed, but Dubai is the wild card

ANALYSIS - Dubai debt woes may hit U.S. property market

Abu Dhabi banks have big Dubai exposure - bank execs

EXCLUSIVE - Top rice producer China approves GMO strain

India growth story intact, deficit a concern - S&P

ANALYSIS - G20 switch shaping more local, unpredictable world

More Money News...

India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage

IT cos cautious on growth, eye M&A

Video: No strong inflow measures now

26/11 - One year later

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009. REUTERS/Punit Paranjpe

Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy. Full Article | Full Coverage

Slideshow: One year later

Blog: Lasting images, limited impact?

PERSONAL FINANCE

Bank employee counts currency notes at cash counter in Agartala. REUTERS/Stringer India

Lessons from the Indian billionaires list

Q+A: How much insurance do I need

Invest according to age

Gold loans - what you must know

Buying health insurance

Market Update

India
US
UK
Asia
Most Actives

Business Video

Video

RBI to assess Dubai before reacting

Video

Dubai fears ease in Europe

Video

Learning from the billionaires list

Video

Christmas markets beat recession

Video

Dubai debt problems shock

Video

No strong inflow measures now

Video

MS sees $70b in India share sales

Video

Gold fever spreads

Video

Long-term focus on infrastructure

Video

DLF: “housing demand firming up”

road to Copenhagen

France's President Nicolas Sarkozy (L-R), Germany's Chancellor Angela Merkel and Denmark's Prime Minister Lars Lokke Rasmussen hold a news conference in Brussels in this November 19, 2009 file photo on the Copenhagen climate conference. REUTERS/Sebastien Pirlet

World can reach climate pact by end 2010

Global climate change talks in Copenhagen next month should yield a concrete base that will allow for a definitive treaty to be agreed within a year. Full Article

Obama offers U.S. climate cut

India's solar power targets

Analysis: Hacked climate e-mails awkward

Analysis: "Golden opportunity" for CO2 market

Blog: Denying bedroom privileges save planet?