financial performance

India will need 1,450 new aircraft in next 20 years: Boeing


September 4th, 2012 - 7:51 pm ICT by IANS
New Delhi, Sep 4 (IANS) Indian carriers will require 1,450 new aircraft worth $175 billion to cope with the growth in passenger traffic over the next 20 years, global aircraft ... Read more...

Posted in Business |

‘Men in Black 4′ confirmed


July 21st, 2012 - 4:53 pm ICT by IANS
London, July 21 (IANS) After the success of the third instalment of action-comedy "Men In Black", studio bosses have confirmed another part -- and actor Will Smith has reportedly ... Read more...

Posted in Entertainment |

Aerospace, defence business sluggish in 2011: Study


July 11th, 2012 - 12:02 am ICT by IANS
New Delhi, July 10 (IANS) The global aerospace and defence industry performance in 2011 was sluggish, posting a revenue gain of just 2.3 percent compared to 2.5 percent in 2010, ... Read more...

Posted in Business |

Goodyear advances on list of America’s most reputable companies


June 5th, 2012 - 6:47 pm ICT by IANS
New Delhi, June 5 IANS) The Goodyear Tire & Rubber Company has again been recognized as one of America's most reputable companies by Forbes, ranked 26th on the magazine's seventh annual ... Read more...

Posted in Business |

Telecom tariffs may rise by 90 paise in metros: Study


May 22nd, 2012 - 6:33 pm ICT by IANS
New Delhi, May 22 (IANS) Telecom tariffs will rise by 90 paise a minute in metros and 20-34 paise on an average across the country if the sector regulator's recommendations ... Read more...

Posted in Business |

Railways should rationalise tariffs: CAG


May 15th, 2012 - 10:04 pm ICT by IANS
New Delhi, May 15 (IANS) Noting that the Indian Railways are in the red financially and have not been able to meet the cost of operating passenger and other services, ... Read more...

Posted in Business |

Ratings downgrade was inevitable: Wipro


April 25th, 2012 - 8:04 pm ICT by IANS
Bangalore, April 25 (IANS) Downgrading of India's sovereign rating to negative from stable by global rating agency Standard & Poor's (S&P;) was a cause for concern though inevitable due to ... Read more...

Posted in Business |

PM hopes parliament will pass companies bill ’shortly’


April 13th, 2012 - 8:06 pm ICT by IANS
Gurgaon, April 13 (IANS) Prime Minister Manmohan Singh Friday expressed the hope that parliament will "shortly" pass a pending legislation that, among other things, suggests that large companies keep ... Read more...

Posted in Politics |

Air India to import aircraft turbine fuel direct


March 27th, 2012 - 9:22 pm ICT by IANS
Mumbai, March 27 (IANS) In a move that will improve the finances of Air India, the airline's board Tuesday approved direct import of Aviation Turbine Fuel, an official said here.For ... Read more...

Posted in Business |

MindTree elevates co-founder Subroto Bagchi as chairman


February 29th, 2012 - 7:34 pm ICT by IANS
Bangalore, Feb 29 (IANS) IT and product engineering services firm MindTree Wednesday elected co-founder Subroto Bagchi as chairman of the board of directors effective from April 1 in place of ... Read more...

Posted in Sci-Tech |

SpiceJet’s third quarter net loss at Rs.39.26 crore


February 6th, 2012 - 7:33 pm ICT by IANS
Mumbai, Feb 6 (IANS) Budget carrier SpiceJet Monday reported a net loss of Rs.39.26 crore for the quarter ended Dec 31 from a net profit of Rs.94.44 crore in the ... Read more...

Posted in Business |

Jet needs to raise cash flows, funds, say auditors


November 22nd, 2011 - 5:57 pm ICT by IANS
Mumbai, Nov 22 (IANS) Airline major Jet Airways needs to generate cash flows or raise funds to meet its existing obligations, including the support to its low-cost subsidiary JetLite, the ... Read more...

Posted in Business |

Ex-Goldman Sachs director Gupta arrested, charged in insider trading case


October 26th, 2011 - 11:13 pm ICT by BNO News
NEW YORK (BNO NEWS) -- Former Goldman Sachs director Rajat Gupta was arrested by the Federal Bureau of Investigation (FBI) on Wednesday morning and indicted for allegedly engaging in an insider trading ... Read more...

Posted in Business |

Air France-KLM CEO Pierre-Henri Gourgeon resigns


October 18th, 2011 - 8:50 pm ICT by BNO News
PARIS (BNO NEWS) -- European airline holding company Air France-KLM on Monday announced that its CEO, Pierre Henri Gourgeon, has submitted his resignation. Few details were immediately released, but the resignation came ... Read more...

Posted in Business |

Reliance Industries net profit rises 15.8 percent


October 15th, 2011 - 6:32 pm ICT by IANS
Mumbai, Oct 15 (IANS) Mukesh Ambani-led Reliance Industries Saturday said its net profit for the quarter ended Sep 30 had risen 15.8 percent at Rs.5,703 crore compared to Rs.4,923 crore ... Read more...

Posted in Business |

Weak rupee benefits Infosys despite uncertainty


October 12th, 2011 - 7:34 pm ICT by IANS
Bangalore, Oct 12 (IANS) A 10 percent rupee depreciation against US dollar during the second quarter (July-Sep) has benefitted Indian IT bellwether Infosys, helping it in revising its revenue guidance ... Read more...

Posted in Uncategorized |

Mallya gloats over Kingfisher getting best airline award


September 28th, 2011 - 11:28 pm ICT by IANS
Bangalore, Sept 28 (IANS) Flamboyant business tycoon Vijay Mallya, who is grounding his low-cost airline operations, told his investors Wednesday that his high-profile Kingfisher Airline was declared the "Best Indian ... Read more...

Posted in Business |

Airline industry to post $6.9 bn profit: IATA


September 20th, 2011 - 5:06 pm ICT by IANS
New Delhi, Sep 20 (IANS) The international airlines association Tuesday hiked the industry's profit levels in the current year to $6.9 billion from the $4 billion it had projected earlier, ... Read more...

Posted in Uncategorized |

Grim scenes as Blackberry cuts 2,000 jobs


July 26th, 2011 - 12:12 pm ICT by IANS
Toronto, July 26 (IANS) There were grim scenes at the BlackBerry headquarters at Waterloo near here Monday after the most famous Canadian company axed 2,000 jobs - about 11 percent ... Read more...

Posted in Business |

First Gulf Bank posts $238 mn profits


April 25th, 2011 - 11:58 pm ICT by IANS
Abu Dhabi, April 25 (IANS/WAM) First Gulf Bank (FGB) has announced a net profit of 875 million UAE dirhams (about $238 million) in the first quarter of 2011. This represents ... Read more...

Posted in Business |

‘No immediate impact of Japanese tsunami on Indian auto sector’


March 28th, 2011 - 7:19 pm ICT by IANS
Chennai, March 28 (IANS) The Japanese earthquake and tsunami may not adversely affect the Indian automobile sector in the short term, but the impact over medium to long term will ... Read more...

Posted in Business |

BlackBerry to offer ’super phone’, as shares slip (Lead)


March 25th, 2011 - 4:00 pm ICT by IANS
Toronto, March 25 (IANS) Shares of Research In Motion (RIM) sank as much as 12 percent during after-hour trading Thursday as the BlackBerry maker hinted at less-than-expected results in the ... Read more...

Posted in Business |

BlackBerry now set offer ’super phone’


March 25th, 2011 - 2:42 pm ICT by IANS
Toronto, March 25 (IANS) Shares of Research In Motion (RIM) sank as much as 12 percent during after-hour trading Thursday after the BlackBerry maker hinted at less-than-expected results in the ... Read more...

Posted in Sci-Tech |

Budget pro-people, projects for all parts of India: Mamata


February 25th, 2011 - 8:42 pm ICT by IANS
New Delhi, Feb 25 (IANS) Defending herself against charges of presenting a "populist and Bengal-centric" budget, Railway Minister Mamata Banerjee Friday said the new projects and trains announced by her were ... Read more...

Posted in Business |

Kanye West’s Chicago restaurant shuts down


February 1st, 2011 - 6:30 pm ICT by ANI
Washington, Feb 1 (ANI): Hip-hop star Kanye West's venture into the restaurant business seems to have hit a rough patch.One of his Fatburger fast food restaurants has closed in Chicago, Illinois ... Read more...

Posted in Entertainment |

Alaska Airlines orders 15 additional Boeing aircraft


January 26th, 2011 - 12:01 am ICT by BNO News
SEATTLE (BNO NEWS) -- Alaska Airlines on Tuesday announced it has placed an order with Boeing for fifteen additional aircraft, valued at $1.3 billion at list prices.Boeing said the order for 15 ... Read more...

Posted in Business |

Wapcos to get ‘mini ratna’ status


December 1st, 2010 - 9:30 pm ICT by IANS
New Delhi, Dec 1 (IANS) The government-owned Water and Power Consultancy Services (Wapcos) will get "mini ratna" status next week on the back of its robust financial performance and forays into new ... Read more...

Posted in Business |

Mukherjee asks chartered accountants to apply accounting standards uniformly


November 28th, 2010 - 12:46 pm ICT by ANI
Kochi, Nov 28 (ANI): Union Finance Minister Pranab Mukherjee has asked Chartered Accountants to apply accounting standards uniformly and assist in presenting the true picture of the financial health of the ... Read more...

Posted in National |

Novell all set to be acquired by Attachmate for $2.2 billion


November 23rd, 2010 - 8:20 pm ICT by Aishwarya Bhatt
New York, Nov 23 (THAINDIAN NEWS) Novell, Inc is very close to being taken over by a privately owned IT company, Attachmate Corporation. The deal is reportedly worth $2.2 billion in cash.The ... Read more...

Posted in Business |

Audit services leader PRGX sets up India subsidiary in Pune


September 30th, 2010 - 2:47 pm ICT by ANI
Pune (Maharashtra), Sept.30 (ANI-Business Wire India): PRGX Global, Inc. a business analytics and information services firm headquartered in Atlanta, Georgia, USA, has announced the opening of its Indian branch in Pune, Maharashtra.Romil ... Read more...

Posted in Business |

Orient Ceramics acquires 63 percent stake in Bell Ceramics


September 22nd, 2010 - 9:08 pm ICT by IANS
New Delhi, Sep 22 (IANS) Tiles manufacturing major Orient Ceramics and Industries (OCIL) Wednesday said it has acquired a 63 percent stake in Bell Ceramics in a deal worth Rs.15.8 crore. The company ... Read more...

Posted in Business |

Vedanta rapped by UK body over environmental, social and governance issues


August 30th, 2010 - 6:09 pm ICT by ANI
Washington, Aug 30 (ANI): U.K.'s Local Authority Pension Fund Forum (LAPFF) has reportedly said that Vedanta Resources PLC should implement the International Council on Mining and Metals Sustainability Development Framework and appoint ... Read more...

Posted in World |

Success of companies depend on employee perceptions


August 15th, 2010 - 3:27 pm ICT by IANS
Washington, Aug 15 (IANS) When a JetBlue flight attendant deplaned last week, many questions arose as to why someone would be willing to give up a steady job during these tough economic ... Read more...

Posted in Business |

Happy employees may be the key to organizations’ success


August 14th, 2010 - 12:44 pm ICT by ANI
Washington, Aug 14 (ANI): Employee job satisfaction is the key to a company's successful performance, according to a new study.Numerous studies have linked general attitudes towards work to mood outside of ... Read more...

Posted in Business |

Mukherjee to meet chiefs of public sector banks today


August 14th, 2010 - 11:50 am ICT by ANI
New Delhi, Aug 14 (ANI): Union Finance Minister Pranab Mukherjee will meet chiefs of public sector banks here today to take stock of the financial performance of the banks and their ... Read more...

Posted in National |

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