profitability

Exploring stake sale in telecom towers arm: Ambani (Lead)


September 4th, 2012 - 7:47 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider a stake sale in its telecom towers arm next year as part of a medium-term plan to reduce debt that has topped ... Read more...

Posted in Business |

Exploring stake sale in telecom towers arm: Ambani


September 4th, 2012 - 5:18 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider selling a stake in its telecom towers arm as part of a definite medium-term plan to reduce debt that has topped nearly ... Read more...

Posted in Business |

Motorola Mobility to cut 4,000 jobs


August 14th, 2012 - 1:24 pm ICT by IANS
San Francisco, Aug 14 (IANS) Google has confirmed that Motorola Mobility, now a wholly-owned subsidiary of the internet search giant, will cut about 4,000 jobs or 20 percent of its ... Read more...

Posted in Sci-Tech |

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 |

Birla Corp Q1 net down 24 percent


July 28th, 2012 - 10:32 pm ICT by IANS
Kolkata, July 28 (IANS) Birla Corporation, the flagship company of the M.P. Birla group, Saturday announced a 24.26 percent slide in its net profit to Rs.84.74 crore for the quarter ... Read more...

Posted in Business |

Bajaj Auto’s first quarter net up one percent


July 18th, 2012 - 3:38 pm ICT by IANS
Mumbai, July 18 (IANS) Two- and three-wheeler maker Bajaj Auto Wednesday reported a marginal increase of one percent in net profit for the first quarter of the current fiscal.The net ... Read more...

Posted in Business |

Swedish fashion firm to tap Chinese market


July 18th, 2012 - 2:02 pm ICT by IANS
Stockholm, July 18 (IANS) Swedish clothing company J.Lindeberg is planning to open 50 stores in China in 2012 and 2013, a media report said.Half of the company's total turnover would ... Read more...

Posted in Life Style |

PM calls on president; discuss monsoon session


July 13th, 2012 - 5:49 pm ICT by IANS
New Delhi, July 13 (IANS) Prime Minister Manmohan Singh Friday called on President Pratibha Patil to discuss the upcoming monsoon session of parliament among other issues, an official said.The ... Read more...

Posted in Politics |

ITC, Bangalore airport get GreenCo awards


June 15th, 2012 - 9:22 pm ICT by IANS
Mumbai, June 15 (IANS) ITC's Bhadrachalam (Andhra Pradesh) unit and Bangalore International Airport Friday won the golden and silver plaque, respectively, at the Confederation of Indian Industry's GreenCo Summit, 2012 ... Read more...

Posted in Environment |

Jet Airways to suspend Brussels-New York flight


June 15th, 2012 - 8:29 pm ICT by IANS
Mumbai, June 15 (IANS) Private carrier Jet Airways Friday announced plans to axe its Brussels-New York (JFK) service from Sep 10 this year in view of the current global economic ... Read more...

Posted in Business |

IMF chief seeks integrated action to fix financial system


June 9th, 2012 - 1:31 pm ICT by IANS
Washington, June 9 (IANS) The head of the International Monetary Fund has called for further action to reform the global financial system by strengthening crisis management tools and the overall ... Read more...

Posted in Business |

Olympus to cut 2,500 jobs


May 31st, 2012 - 5:35 am ICT by IANS
Tokyo, May 31 (IANS) Japanese camera and medical equipment maker Olympus Corp is planning to lay off about 2,500 employees in overseas factories, Xinhua reported.The company is considering to consolidate ... Read more...

Posted in World |

Gurdeep Singh new CEO of RComm’s wireless business


May 30th, 2012 - 6:21 pm ICT by IANS
New Delhi, May 30 (IANS) Reliance Communications has appointed Gurdeep Singh as president and chief executive officer (CEO) of its wireless business that provides mobile telephony services."Gurdeep with his extensive ... Read more...

Posted in Sci-Tech |

ITC quarterly net profit grows 26 percent


May 25th, 2012 - 9:16 pm ICT by IANS
New Delhi, May 25 (IANS) Diversified conglomerate ITC Friday posted a 26 percent rise in net profit at Rs.1,614 crore for the quarter ended March 31 against Rs.1,281.5 crore during ... Read more...

Posted in Business |

TRAI sticks to high reserve price for spectrum auction


May 14th, 2012 - 2:59 am ICT by IANS
New Delhi, May 14 (IANS) The Telecom Regulatory Authority of India (TRAI) Sunday retained its recommendations on high reserve price for spectrum auction despite staunch criticism by the industry."The reserve ... Read more...

Posted in Business |

Jet Airways to suspend Mumbai-Johannesburg operations


May 7th, 2012 - 9:50 pm ICT by IANS
New Delhi, May 7 (IANS) Airline major Jet Airways Monday said it would suspend operations on the Mumbai-Johannesburg route from June 12.The move is part of its ongoing network evaluation ... Read more...

Posted in Business |

IOB targets 20 percent business growth in 2012-13


May 5th, 2012 - 10:07 pm ICT by IANS
Chennai, May 5 (IANS) The government-owned Indian Overseas Bank (IOB) hopes to log 20 percent growth in its total business (deposits plus advances) this fiscal while hoping to rein its ... Read more...

Posted in Business |

Essar unleashes cloud power with Windows Azure


April 30th, 2012 - 8:40 pm ICT by IANS
New Delhi, April 30 (IANS) Aiming to cut costs by nearly 65 percent while improving scalability, multinational conglomerate Essar Group has rolled out Windows Azure, Microsoft's cloud services platform, offering ... Read more...

Posted in Sci-Tech |

Listed Chinese companies see narrowing profits


April 23rd, 2012 - 2:40 pm ICT by IANS
Beijing, April 23 (IANS) China's listed companies saw narrowing profits in the first quarter as the country's economy ran at the slowest pace since the third quarter of 2009, reports ... Read more...

Posted in Business |

South Korean firms’ profitability weakens in 2011


April 23rd, 2012 - 1:50 pm ICT by IANS
Seoul, April 23 (IANS) South Korean firms' profitability weakened last year due to an increase in production costs caused by a rise in global raw material prices, the country's central ... Read more...

Posted in Business |

Bank of America earnings beat estimates


April 20th, 2012 - 1:27 pm ICT by IANS
New York, April 20 (IANS) Bank of America Corp. released lower earnings for the first quarter Thursday, but the results still beat Wall Street's estimates as the credit quality improved.The ... Read more...

Posted in Business |

Habib salon chain plans international expansion


April 19th, 2012 - 9:46 pm ICT by IANS
Kolkata, April 19 (IANS) Salon chain Jawed Habib Hair & Beauty Limited (JHHBL) is planning to expand business internationally and venture into haircare products to increase profitability."We will open our ... Read more...

Posted in Business |

Essar Power set to triple production capacity


April 4th, 2012 - 7:59 pm ICT by IANS
Mumbai, April 4 (IANS) Essar Power said Wednesday it will almost triple its installed production capacity to 4,510 MW by June as three of its new projects will come into ... Read more...

Posted in Business |

Essar Power set to triple production capacity


April 4th, 2012 - 7:59 pm ICT by IANS
Mumbai, April 4 (IANS) Essar Power said Wednesday it will almost triple its installed production capacity to 4,510 MW by June as three of its new projects will come into ... Read more...

Posted in Business |

Cisco to buy video software developer for $5 bn


March 16th, 2012 - 1:00 pm ICT by IANS
San Francisco, March 16 (IANS) Networking equipment maker Cisco announced Thursday that it has signed a deal to buy video software developer NDS for $5 billion.Under the terms of the ... Read more...

Posted in Business |

China to face power shortage


February 27th, 2012 - 2:07 pm ICT by IANS
Beijing, Feb 27 (IANS) China will continue to face a power shortfall this year due to increasing demand and stagnant growth in new power plants, according to an industry association.The ... Read more...

Posted in Business |

US pushes services liberalisation with Indian study


February 18th, 2012 - 1:29 pm ICT by IANS
Washington, Feb 18 (IANS) Suggesting that US services imports faced discrimination in important emerging markets such as India, China and Indonesia, Washington has cited an Indian case study ... Read more...

Posted in Uncategorized |

Anti-outsourcing move will hurt US: Mukherjee


January 30th, 2012 - 4:47 pm ICT by IANS
Chicago, Jan 30 (IANS) The anti-outsourcing measures US President Barack Obama announced last week are unacceptable and will hurt both American and Indian economies, Finance Minister Pranab Mukherjee has ... Read more...

Posted in Sci-Tech |

Air France-KLM plans to cut costs to boost profitability


January 13th, 2012 - 3:32 pm ICT by IANS
Paris, Jan 13 (IANS) Air France-KLM Thursday unveiled a multi-billion-euro restructuring plan to bolster the group's profits by 2014. In a statement posted on its website, the Franco-Dutch joint venture ... Read more...

Posted in Business |

South Korean firms’ profitability weakens in Q3


December 20th, 2011 - 3:15 pm ICT by IANS
Seoul, Dec 20 (IANS) South Korean firms' profitability weakened in the third quarter due to an increase in production costs caused by a rise in global raw material prices, the ... Read more...

Posted in Business |

Patil urges regular review of agricultural sector


December 15th, 2011 - 5:28 pm ICT by IANS
New Delhi,Dec 15 (IANS) President Pratibha Patil Thursday called for a contitnuous review of the agricultural sector as it is poised for "another great leap forward""For a growing nation ... Read more...

Posted in Politics |

Australian business conditions improve in November


December 13th, 2011 - 1:47 pm ICT by IANS
Sydney, Dec 13 (IANS) Business conditions in Australia improved slightly in November as a result of a boost in mining, retail and services sectors, a survey by National Australia Bank ... Read more...

Posted in Business |

China’s Purchasing Managers’ Index falls in November


December 1st, 2011 - 5:31 pm ICT by IANS
Beijing, Dec 1 (IANS) China's Purchasing Managers' Index (PMI), a preliminary indicator of the country's manufacturing activity, dropped to 49 percent in November, indicating contraction for the first time since ... Read more...

Posted in Business |

Nokia Siemens Networks to cut 17,000 jobs globally


November 24th, 2011 - 7:07 am ICT by IANS
Helsinki, Nov 24 (IANS) Nokia Siemens Networks is planning to cut its workforce by 17,000 worldwide by the end of 2013, the company said in a statement from Finland.The company ... Read more...

Posted in World |

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 |

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