Delta acquires minority stake in Brazilian airline
December 8th, 2011 - 12:14 pm ICT by IANS
Sao Paulo, Dec 8 (IANS/EFE) Delta Air Lines will pay $100 million for a "strategic" minority stake in Brazil's Gol, the two companies said Wednesday.Under the terms of the agreement, ... Read more...
Posted in Business |
Goa’s land scam haunts two Congress ex-chief ministers
December 6th, 2011 - 6:34 pm ICT by IANS
Panaji, Dec 6 (IANS) Three years after the Congress-led coalition government in Goa cancelled seven controversial special economic zone (SEZ) allotments, the scam is back to haunt two of ... Read more...
Posted in Uncategorized |
Air India board decides on loan restructuring, cost-cutting measures
November 29th, 2011 - 10:36 pm ICT by IANS
New Delhi, Nov 29 (IANS) Cash-strapped national carrier Air India's board Tuesday said its lenders have agreed to restructure the airline's massive debt of Rs.42,923.16 crore, after the Reserve ... Read more...
Posted in Business |
Air India board to meet Tuesday
November 29th, 2011 - 3:25 pm ICT by IANS
New Delhi, Nov 29 (IANS) Cash-strapped national carrier Air India's board is to hold discussions Tuesday on the airlines' performance and a revival plan."The board is scheduled to meet ... Read more...
Posted in Business |
Colombian oil company to invest $8.48 bn in 2012
November 23rd, 2011 - 11:18 am ICT by IANS
Bogota, Nov 23 (IANS/EFE) Colombian state oil company Ecopetrol S.A. plans to invest $8.48 billion next year and has set a goal of boosting production to 750,000 barrels of oil ... Read more...
Posted in Business |
Reliance, BP form joint venture for gas business
November 18th, 2011 - 8:15 pm ICT by IANS
Mumbai, Nov 18 (IANS) Mukesh Ambani-led Reliance Industries (RIL) and global energy major BP Friday incorporated their joint venture (JV) company -- India Gas Solutions --which will focus on sourcing ... Read more...
Posted in Business |
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 |
Former ICC anti-graaft chief proposes ban on ‘corrupt’ teams
November 6th, 2011 - 8:21 pm ICT by IANS
London, Nov 6 (IANS) Paul Condon, the former chief of the world cricket body's Anti-Corruption and Security Unit (ACSU), has proposed banning of teams whose players are found guilty of ... Read more...
Posted in Sports |
Australia’s cricket future is in good shape
October 27th, 2011 - 3:49 pm ICT by IANS
Melbourne, Oct 27 (IANS) Cricket Australia's (CA) chairman Jack Clarke said Thursday that he was retiring confident of Australian cricket's future after key strategic decisions made in the last year.
... Read more...
Posted in Sports |
Wandering in India, Steve Jobs learned intuition
October 24th, 2011 - 7:39 pm ICT by IANS
Washington, Oct 24 (IANS) Apple co-founder Steve jobs' wandering across India for seven months looking for spiritual enlightenment turned out "not be a waste of time" as he came back ... Read more...
Posted in Uncategorized |
IGU’S Dilip Thomas to represent Olympic Golf
October 24th, 2011 - 2:56 pm ICT by IANS
New Delhi, Oct 24 (IANS) Indian Golf Union (IGU) council member Dilip Thomas will sit on the International Golf Federation's board of directors, which is charged with overseeing golf's reintroduction ... Read more...
Posted in Sports |
Conditional offer to open Sahagunj unit in phases
October 21st, 2011 - 11:22 pm ICT by IANS
Kolkata, Oct 21 (IANS) Under pressure from the West Bengal government to reopen its Sahagunj unit, the Ruia group-owned Dunlop India limited Friday said it was prepared to do so ... Read more...
Posted in Business |
Putzmeister to invest four million euros in India
October 18th, 2011 - 7:24 pm ICT by IANS
Panaji, Oct 18 (IANS) Putzmeister Concrete Machines (PCM) India Tuesday said it will invest four million euros over the next three years to expand production capacity at its Goa manufacturing ... Read more...
Posted in Business |
Low costs luring Indian textile makers to Bangladesh
October 16th, 2011 - 3:34 pm ICT by IANS
New Delhi, Oct 16 (IANS) Many Indian garment makers have shifted base or opened new units in neighbouring Bangladesh to take advantage of low labour cost and duty concessions on ... Read more...
Posted in Business |
Former rugby player named performance manager of Australian cricket
October 13th, 2011 - 3:41 pm ICT by IANS
Sydney, Oct 13 (IANS) Former Australian rugby international Patrick Howard is to join Cricket Australia (CA) in the new role of general manager, team performance (GMTP).
Howard is also a ... Read more...
Posted in Uncategorized |
Dunlop board to discuss shut Bengal factory Oct 21
October 13th, 2011 - 1:07 am ICT by IANS
Kolkata, Oct 12 (IANS) Tyre maker Dunlop India Limited (DIL) will discuss the suspension of work at its Sahagunj factory in West Bengal's Hooghly district and the government's demand of ... Read more...
Posted in Business |
Obama: Steve Jobs among greatest American innovators
October 6th, 2011 - 8:00 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- U.S. President Barack Obama on Thursday hailed former Apple CEO Steve Jobs as one of the greatest of American innovators, adding that the world has lost a ... Read more...
Posted in Technology Industry News |
Apple co-founder Steve Jobs dead at 56
October 6th, 2011 - 2:11 pm ICT by BNO News
CUPERTINO, CALIFORNIA (BNO NEWS) -- Steve Jobs, the iconic entrepreneur who co-founded Apple in the 1970s, died in California on Wednesday after a long battle with various health issues, his ... Read more...
Posted in Technology Industry News |
Apple co-founder Steve Jobs has died
October 6th, 2011 - 6:44 am ICT by BNO News
CUPERTINO, CALIFORNIA (BNO NEWS) -- Apple co-founder Steve Jobs died on Wednesday, the company confirmed.In a statement, Apple's Board of Directors announced the passing of Jobs. "Steve's brilliance, passion and ... Read more...
Posted in Technology Industry News |
Anil Ambani talks of unlocking shareholder value (Roundup)
September 27th, 2011 - 8:12 pm ICT by IANS
New Delhi, Sep 27 (IANS) Unlocking share value through strategic sales in a host of subsidiaries such as telecom towers and life insurance businesses was the focus of Reliance Group ... Read more...
Posted in Business |
Reliance Capital mulling bonus, banking entry: Ambani
September 27th, 2011 - 1:17 pm ICT by IANS
Mumbai, Sep 27 (IANS) Reliance Capital could consider a bonus issue and make an entry into the banking sector even as it hopes to conclude soon a 26-percent stake sale ... Read more...
Posted in Business |
St. Stephen’s moves court against Sandeep Dikshit’s society
September 24th, 2011 - 1:30 pm ICT by IANS
New Delhi, Sep 24 (IANS) The tussle between one of India's leading educational institutions, St. Stephen's College, and a society founded by Congress MP Sandeep Dikshit has entered the ... Read more...
Posted in Uncategorized |
Fortis Healthcare to buy sister arm Fortis International
September 19th, 2011 - 5:06 pm ICT by IANS
New Delhi, Sep 19 (IANS) Fortis Healthcare will buy its overseas sister arm Fortis Healthcare International in an all-cash deal in a move to bring all the group's healthcare businesses ... Read more...
Posted in Uncategorized |
Apple CEO Steve Jobs resigns due to health problems
August 25th, 2011 - 2:41 pm ICT by BNO News
CUPERTINO, CALIFORNIA (BNO NEWS) -- Steve Jobs on Wednesday resigned as Apple's Chief Executive Officer (CEO), saying he is no longer able to serve. It marks the end of a storied career."I ... Read more...
Posted in Technology Industry News |
Tech legend Steve Jobs quits as Apple CEO
August 25th, 2011 - 11:19 am ICT by IANS
Washington, Aug 25 (IANS) Amid a long battle against illness, technical legend Steve Jobs has resigned as CEO of Apple, but will stay on as chairman of the iconic computer ... Read more...
Posted in Sci-Tech |
Cairn Energy tells Indian arm to accept government terms
August 23rd, 2011 - 4:51 pm ICT by IANS
Mumbai, Aug 23 (IANS) London-based oil major Cairn Energy's board Tuesday voted in favour of accepting conditions laid out by the government for allowing sale of 40 percent of its ... Read more...
Posted in Uncategorized |
Bangladesh sees nearly 16 percent fall in FDI in 2010-11
August 21st, 2011 - 6:37 pm ICT by IANS
Dhaka, Aug 21 (IANS) During the last 2010-11 fiscal year, foreign direct investment (FDI) in Bangladesh was down nearly 16 percent from the same period a year ago, central bank ... Read more...
Posted in Business |
Thai Airways orders six Boeing 777s in deal valued at $1.7 billion
August 19th, 2011 - 5:12 pm ICT by BNO News
SEATTLE (BNO NEWS) -- Thai Airways International (THAI) has finalized a firm order for six Boeing 777-300 Extended Range (ER) airplanes, the aircraft manufacturer confirmed.Boeing said the order completes an agreement with ... Read more...
Posted in Thailand |
ITC’s Nepal subsidiary closes garment unit
August 17th, 2011 - 3:11 pm ICT by IANS
Kathmandu, Aug 17 (IANS) Nepal's biggest tax-paying company Surya Nepal, in which Indian multi-product group ITC holds 59 percent stake, has decided to shut down its garments factory following prolonged ... Read more...
Posted in Business |
Delta invests $65 mn in Mexico’s leading airline
August 11th, 2011 - 11:54 am ICT by IANS
Mexico City, Aug 11 (IANS/EFE) Delta Air Lines will acquire a 3.5 percent equity stake in No. 1 Mexican air carrier Aeromexico for $65 million as part of a long-term ... Read more...
Posted in Uncategorized |
Carborundum Universal posts Rs.52 crore net profit
August 5th, 2011 - 7:44 pm ICT by IANS
Chennai, Aug 5 (IANS) Abrasive major Carborundum Universal Ltd (Cumi) closed the first quarter of the current fiscal with a net profit of Rs.52 crore on a revenue of Rs.465 ... Read more...
Posted in Uncategorized |
Hayden picks up stakes in Brisbane Heat
July 26th, 2011 - 5:30 pm ICT by IANS
Melbourne, July 26 (IANS) Former Australian batsman Matthew Hayden picked up equity in Brisbane Heat Twenty20 franchise, for whom he turns out as a player in the inaugural season of ... Read more...
Posted in Uncategorized |
Brazilian firm approves $225 bn investment plan through 2015
July 24th, 2011 - 12:26 pm ICT by IANS
Rio de Janeiro, July 24 (IANS/EFE) Brazilian state-controlled energy giant Petrobras has approved $224.7 billion in investment outlays for the 2011-15 period.The majority - $127.5 billion - will be allocated ... Read more...
Posted in Business |
‘Air India board unaware of new ground handling company’
July 11th, 2011 - 6:43 pm ICT by IANS
Thiruvananthapuram, July 11 (IANS) Air India director E.K. Bharath Bhushan said Monday that the new joint venture AI-SATS - Air India and Singapore Airport Terminal Services Ltd - formed for ... Read more...
Posted in Uncategorized |
BlackBerry bosses reluctant to loosen grip?
July 8th, 2011 - 11:56 am ICT by IANS
Toronto, July 8 (IANS) BlackBerry co-CEOs Mike Lazaridis and Jim Balsillie are reluctant to loosen their grip on Research In Motion (RIM) despite their decision June 30 to set up ... Read more...
Posted in Business |