HP plans to cut 2,000 more jobs
September 11th, 2012 - 6:03 pm ICT by IANS
San Francisco, Sep 11 (IANS) Hewlett-Packard (HP) plans to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a ... Read more...
Posted in Sci-Tech |
Facebook CEO commits to lock his stock for 12 months
September 5th, 2012 - 4:12 pm ICT by IANS
San Francisco, Sep 5 (IANS) Facebook CEO Mark Zuckerberg has no intention to sell his stock for at least 12 months, said the social network company in a regular ... Read more...
Posted in Sci-Tech |
Lok Sabha adjourned for the day (Lead)
September 5th, 2012 - 2:00 pm ICT by IANS
New Delhi, Sep 5 (IANS) Continuing protests for the 11th day by the Bharatiya Janata Party (BJP) over coal block allocations forced adjournment of the Lok Sabha Wednesday, even ... Read more...
Posted in Politics |
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 |
City Union Bank to raise Rs.250 crore through rights issue
August 3rd, 2012 - 6:03 pm ICT by IANS
Chennai, Aug 3 (IANS) City Union Bank will raise Rs.250 crore through a rights issue this year to meet its growing business needs and capital adequacy ratio (CAR), said a ... Read more...
Posted in Business |
Apple to buy mobile security firm
July 28th, 2012 - 1:23 pm ICT by IANS
San Francisco, July 28 (IANS) AuthenTec, a US mobile and network security provider, announced Friday that it has agreed to be acquired by Apple.In regulatory filings with the US Securities ... Read more...
Posted in Sci-Tech |
Greenpeace charges are incorrect: GVK Group
June 13th, 2012 - 10:12 pm ICT by IANS
New Delhi, June 13 (IANS) Indian conglomerate GVK Group has refuted the charge of global environment watchdog Greenpeace that it had filed incomplete information about its $6.4 billion Alpha coal ... Read more...
Posted in Business |
Greenpeace complains to SEBI against GVK Group
June 12th, 2012 - 5:18 pm ICT by IANS
New Delhi, June 12 (IANS) Global environment watchdog Greenpeace has lodged a complaint against the GVK Group with the Securities and Exchange Board of India (SEBI), saying the Indian infrastructure ... Read more...
Posted in Uncategorized |
Market regulator at fault in Sahara case, apex court told (Lead)
May 30th, 2012 - 9:38 pm ICT by IANS
New Delhi, May 30 (IANS) The Supreme Court was Wednesday informed that the stock market regulator could not have taken up the issue of Sahara group of companies mopping up ... Read more...
Posted in Business |
SEBI’s ex-chief to chair institute for human settlements
May 28th, 2012 - 5:48 pm ICT by IANS
Mumbai, May 28 (IANS) The Indian Institute for Human Settlements (IIHS) Monday announced the appointment of former SEBI chairman C.B. Bhave as the new executive chairperson of its board. He ... Read more...
Posted in Business |
Indian American manager pleads guilty to insider trading
May 22nd, 2012 - 11:48 pm ICT by IANS
Washington, May 22 (IANS) A former executive at Yahoo! and a former Indian-American mutual fund manager have pleaded guilty to fraud and insider trading charges relating to deals between Yahoo and ... Read more...
Posted in World |
Facebook sets IPO price at $38
May 18th, 2012 - 5:42 am ICT by IANS
New York, May 18 (IANS) Facebook Thursday set the price for its initial public offering (IPO) at $38 per share.The price came one day before Facebook begins to trade ... Read more...
Posted in Business |
Yahoo CEO steps down
May 14th, 2012 - 6:03 am ICT by IANS
Washington, May 14 (IANS) Yahoo chief executive officer (CEO) Scott Thompson has resigned and the company has named Ross Levinsohn as interim CEO, Yahoo said Sunday.The company said its board ... Read more...
Posted in World |
Know where ‘Lakshman Rekha’ begins, SC tells media
May 2nd, 2012 - 8:56 pm ICT by IANS
New Delhi, May 2 (IANS) The Supreme Court Wednesday said that the media should know where the 'Lakshman Rekha' of reporting sub-judice matter begins while the Editors' Guild of India ... Read more...
Posted in Entertainment |
Sri Lanka’s bourse relaxes rule
April 20th, 2012 - 2:08 pm ICT by IANS
Colombo, April 20 (IANS) Sri Lanka's stock market opened on a positive note Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), ... Read more...
Posted in South Asia |
‘Right to fair trial can’t overshadow freedom of speech’
April 17th, 2012 - 8:29 pm ICT by IANS
New Delhi, April 17 (IANS) A person's right to free and fair trial enjoys no primacy over the right to freedom of speech and expression of the media, senior counsel ... Read more...
Posted in Uncategorized |
BHEL FPO on hold, profit rises 14.3 percent in 2011-12
April 3rd, 2012 - 7:46 pm ICT by IANS
Mumbai, April 3 (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) Tuesday said its follow on offer (FPO) for which the draft prospectus was filed with the Securities and Exchange ... Read more...
Posted in Business |
Delhi can’t run without Bihar: Nitish
March 18th, 2012 - 7:09 pm ICT by IANS
New Delhi, March 18 (IANS) Bihar Chief Minister Nitish Kumar said Sunday the people of his state were a "necessity" for Delhi and the Indian capital "can't run without Bihar".Speaking ... Read more...
Posted in Uncategorized |
Mahindra Satyam to acquire minority stake in Dion Global
February 10th, 2012 - 2:23 pm ICT by IANS
Mumbai, Feb 10 (IANS) Leading global IT and communications services provider Mahindra Satyam will acquire minority stake in Dion Global Solutions Ltd at an investment of Rs.35 crore, the companies ... Read more...
Posted in Sci-Tech |
Rupee climbs to 3-month high of 48.68 against dollar
February 3rd, 2012 - 7:45 pm ICT by IANS
Mumbai, Feb 3 (IANS) The Indian rupee climbed to a three-month high of 48.68 against the dollar on the back of continued inflows of funds by overseas investors into ... Read more...
Posted in Business |
Facebook sees India among key growth areas
February 3rd, 2012 - 12:38 pm ICT by IANS
Washington, Feb 3 (IANS) Popular social network site Facebook, which hopes to raise at least $5 billion in one of the world's most widely anticipated IPOs, or initial public ... Read more...
Posted in Sci-Tech |
Jaiprakash chief to challenge insider trading penalty
January 7th, 2012 - 1:33 pm ICT by IANS
New Delhi, Jan 7 (IANS) Jaiprahash Associates chairman Manoj Gaur has decided to move the Securities Appellate Tribunal and challenge the penalty imposed on him and some family members on ... Read more...
Posted in Uncategorized |
Court dismisses DLF plea
January 3rd, 2012 - 7:56 pm ICT by IANS
New Delhi, Jan 3 (IANS) The Delhi High Court Tuesday dismissed a plea of DLF Ltd. challenging an order of market regulator SEBI to probe accusations by a Delhi-based businessman ... Read more...
Posted in Business |
SEBI planning more grievance and arbitration centres
December 17th, 2011 - 5:46 pm ICT by IANS
Kolkata, Dec 17 (IANS) Market regulator Securities and Exchange Board of India (SEBI) is planning to set up more investor grievance and arbitration centres to address investors' woes, a top ... Read more...
Posted in Uncategorized |
India raises FII investment limits in bonds by $5 bn
November 17th, 2011 - 8:38 pm ICT by IANS
New Delhi, Nov 17 (IANS) India Thursday decided to increase the limit of foreign institutional investors (FIIs) investment in government securities bonds by $5 billion to $15 billion and in ... Read more...
Posted in Business |
Mahindra Satyam’s merger with Tech Mahindra next year
November 10th, 2011 - 7:15 pm ICT by IANS
Hyderabad, Nov 10 (IANS) Mahindra Satyam's merger with parent firm Tech Mahindra will take place next year, its chairman Vineet Nayyar said Thursday."It is a process. We are looking ... Read more...
Posted in Business |
Groupon IPO raises $700 million
November 4th, 2011 - 11:16 pm ICT by Aishwarya Bhatt
New York, Nov 4 (THAINDIAN NEWS) Groupon’s IPO has become the second largest Internet business. The company has generated $700 million with its initial public offering. When Google went public in 2004, ... Read more...
Posted in Technology Industry News |
NSE to launch SME exchange in November
November 3rd, 2011 - 2:08 pm ICT by IANS
Kolkata, Nov 3 (IANS) The National Stock Exchange (NSE) will launch its Small and Medium Enterprises (SME) exchange this month, a top official of the bourse said."We got the final ... Read more...
Posted in Business |
Citigroup to pay $285 mn to settle fraud charges
October 20th, 2011 - 3:23 am ICT by IANS
Washington, Oct 20 (IANS) Citigroup has agreed to pay $285 million to settle charges for misleading investors about a $1 billion collateralized debt obligation (CDO), the US Securities and Exchange ... Read more...
Posted in Business |
Concerned about regional exchanges: SEBI
October 14th, 2011 - 7:13 pm ICT by IANS
Kolkata, Oct 14 (IANS) The Securities and Exchange Board of India (SEBI) Friday said it was "concerned about" the way regional stock exchanges were functioning in the country."We in SEBI ... Read more...
Posted in Business |
NSE gets green signal for SME exchange
October 14th, 2011 - 5:57 pm ICT by IANS
Kolkata, Oct 14 (IANS) The National Stock Exchange (NSE) Friday received permission from the Securities and Exchange Board of India (SEBI) to start its proposed Small and Medium Enterprises (SME) ... Read more...
Posted in Uncategorized |
Foreign funds investments in September at $6.97 mn
October 2nd, 2011 - 4:59 pm ICT by IANS
Mumbai, Oct 2 (IANS) With Indian markets trading volatile for most of September, foreign institutional investors (FIIs) sold in droves and net investments from overseas funds in the ... Read more...
Posted in Business |
Overseas funds sell over $259 million in equities
September 18th, 2011 - 5:46 pm ICT by IANS
Mumbai, Sep 18 (IANS) Foreign institutional investors (FIIs) sold off close to $259 million at Indian equities markets in the week ended Friday amid volatile trading that saw benchmark ... Read more...
Posted in Business |
Court urges SEBI, MCX-SX to amicably resolve issues
September 16th, 2011 - 11:56 pm ICT by IANS
Mumbai, Sep 16 (IANS) The Bombay High Court Friday directed the markets regulator, Securities and Exchange Board of India (SEBI) to resolve pending issues with MCX-SX promoters in a business-like ... Read more...
Posted in Uncategorized |
FII investment limit in corporate bonds raised to $25 billion
September 12th, 2011 - 10:13 pm ICT by IANS
New Delhi, Sep 12 (IANS) Foreign Institutional Investors (FII) will be allowed to invest up to $25 billion in long term corporate bonds in the infrastructure sector in India, the ... Read more...
Posted in Business |