Finnair’s August passenger load factor up 3.9 percent
September 7th, 2012 - 3:25 pm ICT by IANS
Helsinki, Sep 7 (IANS) Nordic carrier Finnair Friday reported a 3.9 percent rise in its passenger load factor in August which stood at 80.8 percent as the airline saw an ... Read more...
Posted in Business |
Shree Ganesh’s solar projects in UP, Bihar likely by Oct
August 24th, 2012 - 11:42 pm ICT by IANS
Kolkata, Aug 24 (IANS) City-based jewellery maker Shree Ganesh Jewellery House (SGJHL), which had earlier forayed into solar power business, Friday said it was hopeful of commissioning its proposed solar ... Read more...
Posted in Business |
Google to cut 4,000 jobs at Motorola Mobility
August 14th, 2012 - 3:00 am ICT by BNO News
MOUNTAIN VIEW, CALIFORNIA (BNO NEWS) -- Internet giant Google, Inc. on Monday said it plans to cut approximately 4,000 jobs at telecommunications company Motorola Mobility, which it acquired last year, according to ... Read more...
Posted in Technology Industry News |
Chinese company launches education project in Himachal
August 7th, 2012 - 8:57 pm ICT by IANS
Hamirpur (Himachal Pradesh), Aug 7 (IANS) Information and communications technology company Huawei India Tuesday launched its computer education programme in this town as part of corporate social responsibility.As part of ... Read more...
Posted in Business |
Ford Q2 net income down
July 26th, 2012 - 1:28 pm ICT by IANS
Chicago, July 26 (IANS) Ford Motor Company has reported the US automaker posted a profit of $1.04 billion in the second quarter of the year, or 26 cents per share, ... Read more...
Posted in Business |
Infosys fears euro could collapse
July 12th, 2012 - 5:28 pm ICT by IANS
Bangalore, July 12 (IANS) India's IT bellwether Infosys fears that the euro could collapse due to the sovereign debt crisis in Greece and Italy and the banking crisis in Spain."We ... Read more...
Posted in Business |
Ashok Leyland net in 2011-12 down by 10 percent
May 14th, 2012 - 10:52 pm ICT by IANS
Chennai, May 14 (IANS) Hit by higher finance cost, increased depreciation and a muted market in its southern strongholds, Hinduja group's flagship company Ashok Leyland posted around 10 percent reduction ... Read more...
Posted in Business |
Reliance Industries raises $2 billion loan
May 9th, 2012 - 8:21 pm ICT by IANS
Mumbai, May 9 (IANS) Reliance Industries Ltd (RIL) Wednesday said it has signed deals with nine banks to raise $2 billion in loans to finance procurement of goods and services ... Read more...
Posted in Business |
Finnair’s April traffic up 10 percent
May 8th, 2012 - 9:02 pm ICT by IANS
Helsinki, May 8 (IANS) Nordic carrier Finnair Monday reported a 10 percent rise in passenger traffic in April."We saw positive development in passenger load factors in all scheduled traffic categories ... Read more...
Posted in Business |
Global solar industry set to shine again
May 3rd, 2012 - 8:38 pm ICT by IANS
Beijing, May 3 (IANS) The slump in the global solar industry may be over soon due to industry consolidation and improving demand, the world's leading solar cell maker has said.Solar ... Read more...
Posted in Business |
Wipro outlook cautious on flat growth (Lead)
April 25th, 2012 - 2:05 pm ICT by IANS
Bangalore, April 25 (IANS) India's third largest IT bellwether Wipro Ltd Wednesday hoped revenue from its flagship services business would improve in ensuing quarters despite uncertainty in the macro-environment that ... Read more...
Posted in Business |
Finnair’s March traffic up 11.6 percent
April 23rd, 2012 - 2:38 pm ICT by IANS
Helsinki, April 23 (IANS) Nordic passenger carrier Finnair Monday reported an increase of 11.6 percent in its passenger traffic in March.The airline's traffic, which is measured in revenue passenger ... Read more...
Posted in Business |
Bulk, retail deposit interest rates would go down first: Bankers
April 17th, 2012 - 9:00 pm ICT by IANS
Chennai, April 17 (IANS) Welcoming the Reserve Bank of India's (RBI) move to reduce the reverse purchase (repo) rate by 50 basis points and other features of the monetary policy ... Read more...
Posted in Business |
Bo Shin Seo new Hyundai Motor India MD
March 5th, 2012 - 10:58 pm ICT by IANS
New Delhi, March 5 (IANS) Automobile major Hyundai Motor Monday said it has appointed Bo Shin Seo as the new managing director of Hyundai Motor India Limited (HMIL).Bo takes over ... Read more...
Posted in Uncategorized |
Mexican oil firm ends 2011 with net loss of $6.5 bn
March 1st, 2012 - 11:59 am ICT by IANS
Mexico City, March 1 (IANS/EFE) State oil monopoly Petroleos Mexicanos, Mexico's largest company, said it posted a net loss of $6.5 billion in 2011, a 103 percent increase over 2010.Pemex ... Read more...
Posted in Business |
Ford posts $20.2 bn net income
January 28th, 2012 - 4:58 am ICT by IANS
Washington, Jan 28 (IANS) Ford Friday posted a net income of $20.2 billion in 2011, the third consecutive year of the company's increased operating profits.The company's 2011 net income, equal ... Read more...
Posted in Business |
Wipro’s IT outlook remains flat on marginal growth (Lead)
January 20th, 2012 - 2:05 pm ICT by IANS
Bangalore, Jan 20 (IANS) Wipro Ltd Friday projected a flat revenue growth from its global IT services business in the fourth quarter (January-March) as sequential growth in the third quarter ... Read more...
Posted in Business |
Sistema Shyam TeleServices raises Rs.1,280 crore
January 12th, 2012 - 4:50 pm ICT by IANS
New Delhi, Jan 12 (IANS) Russian telecom major Sistema Thursday said its Indian arm -- Sistema Shyam TeleServices (SSTL) -- has raised Rs.1,280 crore from Deutsche Bank for scaling up ... Read more...
Posted in Business |
Facebook to be valued at over $100 bn in 2012
November 29th, 2011 - 7:47 pm ICT by IANS
London, Nov 29 (IANS) Social network Facebook is preparing to allow private investors to invest in the website next year, and hopes its first offering will value the company ... Read more...
Posted in World |
Connect 2011 to start in Chennai Dec 20
November 28th, 2011 - 9:17 pm ICT by IANS
Chennai, Nov 28 (IANS) The 11th edition of Connect 2011, the Information and Communication Technology (ICT) event of the Confederation of Indian Industry (CII) will be held here from Dec ... Read more...
Posted in Business |
US Postal Service reports loss on shrinking mail volumes
November 16th, 2011 - 1:56 pm ICT by IANS
Washington, Nov 16 (IANS) The US Postal Service (USPS) Tuesday posted a net loss of $5.1 billion for the 2011 fiscal year that ended Sep 30 as mail volumes continued ... Read more...
Posted in Uncategorized |
Bharti Enterprises appoints new group CFO
October 19th, 2011 - 8:04 pm ICT by IANS
New Delhi, Oct 19 (IANS) Bharti Enterprises Wednesday announced the appointment of Sarvjit Singh Dhillon as group chief financial officer (CFO) with effect from Jan 1, 2012.He will report to ... Read more...
Posted in Business |
SSTL raises $200 mn loan from ICICI, Barclays Bank
September 29th, 2011 - 6:20 pm ICT by IANS
New Delhi, Sep 29 (IANS) Sistema Shyam TeleServices Limited (SSTL), which operates its telecom services under the MTS brand in India, Thursday said it has raised a loan of about ... Read more...
Posted in Business |
Yahoo CEO firing shocks the corporate world
September 8th, 2011 - 11:50 pm ICT by Aishwarya Bhatt
San Francisco, Sept 8 (THAINDIAN NEWS) The CEO of Yahoo! Inc., Carol Bartz, has been fired by the Internet company. The ouster of Bartz comes after nearly three years after she was ... Read more...
Posted in Technology Industry News |
Satyam case: no bail for Raju, seven others
August 30th, 2011 - 5:49 pm ICT by IANS
Hyderabad, Aug 30 (IANS) The Andhra Pradesh High Court Tuesday dismissed the bail pleas of former chairman of Satyam Computers B. Ramalinga Raju and seven other accused in India's ... Read more...
Posted in Business |
Finnair’s July traffic up 23.9 percent
August 16th, 2011 - 4:11 pm ICT by IANS
New Delhi, Aug 16 (IANS) Nordic carrier Finnair Tuesday reported an increase of 23.9 percent in its scheduled traffic in July, mainly as a result of strong demand from the ... Read more...
Posted in Business |
Adani Power’s Q1 net profit up 54 percent
August 4th, 2011 - 7:59 pm ICT by IANS
Mumbai, Aug 4 (IANS) Adani Power Thursday reported a rise of 54 percent in its net profit for the first quarter of the current fiscal at Rs.177 crore as compared ... Read more...
Posted in Business |
Wage hike dips Wipro net, projects flat growth
July 20th, 2011 - 3:20 pm ICT by IANS
Bangalore, July 20 (IANS) Wage hikes and a higher tax rate impacted IT bellwether Wipro Ltd's net profit in the first quarter (April-June) of this fiscal (2011-12), resulting in 2.9 ... Read more...
Posted in Sci-Tech |
Apple sells every iPad made, profits zoom up 125 percent (Lead)
July 20th, 2011 - 12:54 pm ICT by IANS
New York, July 20 (IANS) Apple Tuesday posted a record quarterly revenue of $28.57 billion, selling every iPad it could make.The profit by the world's most valuable tech company also ... Read more...
Posted in Sci-Tech |
Apple sells every iPad, profits jump 125 percent
July 20th, 2011 - 12:04 pm ICT by IANS
New York, July 20 (IANS) Apple Tuesday posted record quarterly revenue of $28.57 billion, selling every iPad it could make.The profit by the world's most valuable tech company also jumped ... Read more...
Posted in Business |
Chinese search engine signs deal with music giants
July 20th, 2011 - 8:34 am ICT by IANS
Beijing, July 20 (IANS) China's largest search engine Baidu Inc. has signed a deal to provide download music services from global music giants Universal Music, Warner Music and Sony Music.According ... Read more...
Posted in Sci-Tech |
Citigroup earns $160 mn from reducing HDFC stake
June 14th, 2011 - 2:08 pm ICT by IANS
Chennai, June 14 (IANS) US based financial services major Citigroup Inc. Tuesday said it had made a pre-tax profit of $160 million after reducing its holding in non-banking finance company ... Read more...
Posted in Business |
Polaris Software proposes 90 percent dividend payout
April 28th, 2011 - 8:40 pm ICT by IANS
Chennai, April 28 (IANS) Banking, financial services and insurance (BFSI) software development and services firm Polaris Software Lab Ltd's board Thursday recommended a dividend of Rs.4.50 per share (90 percent) ... Read more...
Posted in Business |
Facebook’s early investors likely to sell shares worth billion dollars
April 28th, 2011 - 6:40 pm ICT by ANI
London, Apr 28(ANI): A group of Facebook shareholders reportedly want to sell the company's private stock worth a billion dollars with a valuation of over 70 billion dollars.According to The Daily ... Read more...
Posted in World |
SBI appoints new chief financial officer
April 15th, 2011 - 8:52 pm ICT by IANS
Mumbai, April 15 (IANS) State Bank of India (SBI), the country's largest lender, Friday appointed Diwakar Gupta as its new chief financial officer (CFO).Gupta succeeds Hemant G. Contractor, who ... Read more...
Posted in Business |