Kingfisher Q2 losses at Rs.468 crore, board to meet again
November 15th, 2011 - 2:53 pm ICT by IANS
Mumbai, Nov 15 (IANS) Kingfisher Airlines, which continues to cancel many flights while struggling with an exodus of pilots and huge debts, Tuesday reported a net loss of Rs.468.66 ... Read more...
Posted in Business |
Kingfisher board to chalk out rescue plan
November 14th, 2011 - 9:37 pm ICT by IANS
Mumbai, Nov 14 (IANS) Cash-strapped Kingfisher Airlines' board is to meet here again Tuesday, after their Monday meet was inconclusive in chalking out a rescue plan for the carrier ... Read more...
Posted in Business |
R-Com looks at investor, public issue for tower arm
September 28th, 2010 - 4:33 pm ICT by IANS
Mumbai, Sep 28 (IANS) Reliance Communications, India's second largest telecom firm, Tuesday said it was not only considering up to 26 percent equity investment by a strategic investor, but also floating a ... Read more...
Posted in Business |
RCom up 4.4 percent, gains after GTL deal
June 28th, 2010 - 3:39 pm ICT by IANS
Mumbai, June 28 (IANS) Reliance Communications (RCom) was trading with robust gains in afternoon trade Monday, after shooting up in the morning on the week-end news of its $11-billion telcom tower deal ... Read more...
Posted in Business |
RCom merges tower business with GTL Infra
June 27th, 2010 - 5:16 pm ICT by IANS
Mumbai, June 27 (IANS) Anil Ambani-led Relianace Communications (RCom), India's second largest telecom company, said Sunday it has agreed to merge its tower business with GTL Infra in a Rs.50,000 crore ($11 ... Read more...
Posted in Business |
US government moves closer to sale of Citigroup shares
April 26th, 2010 - 11:56 pm ICT by IANS
Washington, April 26 (DPA) The US government moved one step closer Monday to selling its 27-percent stake in bailed-out financial giant Citigroup, saying it would soon offer 1.5 billion shares to ... Read more...
Posted in Business |
ONGC arm gets nod for more investment in Brazil
November 12th, 2009 - 6:12 pm ICT by IANS
New Delhi, Nov 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday authorised the overseas arm of Oil and Natural Gas Corp (ONGC) to make an additional investment of $70 ... Read more...
Posted in Business |
Porsche approves $7.1 billion cash infusion
July 23rd, 2009 - 11:57 am ICT by IANS
Berlin, July 23 (DPA) The supervisory board of German carmaker Porsche early Thursday approved a 5 billion euro ($7.1 billion) capital increase that could clear the way for a takeover by Volkswagen.
The ... Read more...
Posted in Business |
If needed, I am willing to quit: Subhiksha chief
February 25th, 2009 - 11:15 pm ICT by IANS
Chennai, Feb 25 (IANS) R. Subramanian, managing director of the troubled retail chain Subhiksha, Wednesday said he was ready to quit if it would help in reviving the company.
"If there is a ... Read more...
Posted in Uncategorized |
ICICI stake sale not discussed by board: Subhiksha
February 24th, 2009 - 7:00 pm ICT by IANS
Chennai Feb 24 (IANS) The decision of private equity fund ICICI Venture, a minority shareholder in Subhiksha Trading Services, to sell 10 percent stake in the retail chain had not been discussed ... Read more...
Posted in Uncategorized |
ICICI Ventures blames Subhiksha for complete operational failure
February 23rd, 2009 - 10:15 pm ICT by IANS
Mumbai, Feb 23 (IANS) Private equity firm ICICI Ventures, the second largest shareholder of the retail chain Subhiksha, Monday said there was "complete" operational failure at the retail firm, and that ... Read more...
Posted in Business |
White House, Democrats agree on auto industry bail-out
December 11th, 2008 - 2:45 am ICT by IANS
Washington, Dec 11 (DPA) Democratic legislators and the White House have agreed on the outlines of a deal to keep the US car industry out of bankruptcy, offering a $15-billion loan in ... Read more...
Posted in World |
Ailing US carmakers submit recovery plans
December 3rd, 2008 - 5:52 am ICT by IANS
Washington, Dec 3 (DPA) The three struggling US carmakers were required to submit viable recovery plans to Congress Tuesday for getting access to federal aid as monthly car sales in the US ... Read more...
Posted in Uncategorized |
US Markets plunge, S&P 500 sinks to 11-year low
November 21st, 2008 - 9:25 am ICT by IANS
Washington, Nov 21 (DPA) US stocks plunged Thursday, with the broadbased Standard & Poor's 500 Index losing 6.7 percent to close at its lowest point since 1997 and economic indicators signalling a ... Read more...
Posted in World |
US automakers asked to present detailed plan before bailout
November 21st, 2008 - 9:25 am ICT by IANS
Washington, Nov 21 (DPA) Congressional leaders Thursday charged the three ailing US automakers to present a detailed "path to viability" plan before the companies can get their hands on a $25-billion emergency ... Read more...
Posted in World |
Ford to sell 20-percent of Mazda stake
November 19th, 2008 - 1:36 am ICT by IANS
Tokyo/New York, Nov 18 (DPA) Mazda Motor Corp and other business partners plan to buy back a 20-percent stake of the Japanese automaker from Ford Motor Co Wednesday, the automakers said Tuesday.Ford ... Read more...
Posted in World |
Sanjay Aggarwal new SpiceJet chief executive
October 20th, 2008 - 3:08 pm ICT by IANS
New Delhi, Oct 20 (IANS) Virtually without a chief executive officer (CEO) for over three months, low-cost carrier SpiceJet Monday appointed Sanjay Aggarwal as its CEO with immediate effect.Aggarwal takes over the ... Read more...
Posted in Business |
Vedanta push for Asarco hits bump in US court
June 14th, 2008 - 9:22 pm ICT by IANS
New York, June 14 (IANS) Vedanta Resources' takeover bid of US copper mining giant Asarco hit a bump Friday when a judge of a bankruptcy court in Texas signalled he might give ... Read more...
Posted in World |
Financial stocks lead US markets lower
April 15th, 2008 - 7:50 am ICT by admin
DPA
New York, April 15 (DPA) Stocks were pushed down by financial shares on Wall Street Monday after Wachovia Corp reported unexpected losses and said it was seeking a $7-billion cash infusion from ... Read more...
Posted in Business |
Variety magazines top 10 speculations that never made news list
December 29th, 2007 - 6:16 pm ICT by admin
Washington, December 29 (ANI): Speculations that the more than a dozen high-profile sequels made this summer would create a cut-throat competition at the box-office have topped the list of ideas that did ... Read more...
Posted in World |