Instagram is now part of Facebook
September 7th, 2012 - 7:42 pm ICT by Aishwarya Bhatt
New York, Sep 7 (THAINDIAN NEWS) Facebook has finalized a deal with Instagram. This deal has raised the stake of Instagram by leaps and bounds.
The time that the deal was closed ... Read more...
Posted in Technology Industry News |
Essar denies wrongdoing in acquiring Navbharat power
September 5th, 2012 - 10:33 pm ICT by IANS
Mumbai, Sep 5 (IANS) Energy major Essar Power Wednesday denied any impropriety in its acquisition of Navbharat Power, one of the five companies against whom the CBI has filed an ... Read more...
Posted in Business |
Hyderabad-based Nav Bharat comes under CBI scanner
September 5th, 2012 - 12:09 am ICT by IANS
Hyderabad, Sep 4 (IANS) The Central Bureau of Investigation (CBI) Tuesday conducted raids on the offices of Nav Bharat Power Pvt Ltd, one of the five companies named by the ... Read more...
Posted in Business |
Anil Ambani group shares rally on dividend, stake sale talks
September 4th, 2012 - 7:49 pm ICT by IANS
Mumbai, Sep 4 (IANS) Share price of companies in the Anil Ambani-led Reliance Group saw a significant upswing Tuesday on the back of a slew of announcements at their back-to-back ... Read more...
Posted in Business |
SBI profit more than doubles to Rs.3,751.56 crore
August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...
Posted in Business |
Facebook share price slumps below $20
August 3rd, 2012 - 7:55 pm ICT by Aishwarya Bhatt
New York, Aug 3 (THAINDIAN NEWS) Facebook is with fear of its growth. Yesterday, 2nd March for the first time since it came in to being, Facebook shares dropped to below 20 ... Read more...
Posted in Technology Industry News |
PNB hikes interest rate on fixed deposit by 0.25 percent
August 2nd, 2012 - 5:31 pm ICT by IANS
Mumbai, Aug 2 (IANS) The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and ... 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 |
ACC profit rises 24.16 percent
July 26th, 2012 - 7:14 pm ICT by IANS
Mumbai, July 26 (IANS) Cement firm ACC said Thursday its net profit grew by 24.16 percent to Rs.417.93 crore in the quarter ended June 30 as compared to Rs.336.59 crore ... Read more...
Posted in Business |
LIC Housing Finance profit falls by 11 percent
July 24th, 2012 - 6:13 pm ICT by IANS
Mumbai, July 24 (IANS) LIC Housing Finance Tuesday said its profit fell by 11.32 percent to Rs.227.74 crore in the April-June 2012 quarter as compared to Rs.256.50 crore in the ... Read more...
Posted in Business |
Sensex dips 257 points; Infosys, Wipro slump (Roundup)
July 12th, 2012 - 6:50 pm ICT by IANS
Mumbai, July 12 (IANS) A benchmark index of Indian equities markets slumped 1.5 percent Thursday after Infosys announced disappointing earnings for the June quarter that led to a ... Read more...
Posted in Business |
Nokia to close facilities, cut up to 10,000 jobs worldwide
June 15th, 2012 - 6:15 pm ICT by BNO News
ESPOO, FINLAND (BNO NEWS) -- Nokia, the world's largest manufacturer of mobile phones, on Thursday said it will cut up to 10,000 jobs worldwide over the next year and close a number ... Read more...
Posted in Technology Industry News |
South Korean investment in foreign securities grows
May 30th, 2012 - 4:31 pm ICT by IANS
Seoul, May 30 (IANS) Foreign securities invested by South Korea's financial institutions grew in the first quarter due to rises in the share price of major investment destinations, the central ... Read more...
Posted in Business |
Banking stocks fall on concern new norms may hit profits
May 3rd, 2012 - 4:17 pm ICT by IANS
Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms ... Read more...
Posted in Business |
Sensex rises 100 points; TCS, Wipro surge
April 24th, 2012 - 2:22 pm ICT by IANS
Mumbai, April 24 (IANS) A benchmark index for Indian equities markets was trading 100 points higher in the afternoon session Tuesday, led by more than 12 percent surge in ... Read more...
Posted in Business |
Citi’s Pandit sued over excessive pay
April 21st, 2012 - 11:17 am ICT by IANS
Washington, April 21 (IANS) Citigroup's Indian American CEO Vikram Pandit and its directors have been sued by a bank shareholder over a compensation package that was contested by investors in ... Read more...
Posted in Business |
RIL fourth quarter net profit down 21.2 percent
April 20th, 2012 - 7:49 pm ICT by IANS
Mumbai, April 20 (IANS) Reliance Industries Ltd (RIL) Friday reported a decline of 21.20 percent in its net profit, which stood at Rs.4,236 crore in the fourth quarter of 2011-12 ... Read more...
Posted in Uncategorized |
Aviation stocks climb on FDI hopes
April 11th, 2012 - 6:53 pm ICT by IANS
Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in ... Read more...
Posted in Business |
Regulator asks IGL to reduce gas prices
April 10th, 2012 - 9:09 pm ICT by IANS
New Delhi, April 10 (IANS) Piped cooking gas for households and compressed natural gas (CNG) for vehicles is likely to become cheaper in the national capital with the regulator asking ... Read more...
Posted in Business |
Bids worth Rs.12,766.75 crore received for ONGC shares
March 2nd, 2012 - 8:48 pm ICT by IANS
New Delhi, March 2 (IANS) The government Friday said it has received valid bids worth Rs.12,766.75 crore for divesting its five percent stake in the Oil and Natural Gas ... Read more...
Posted in Uncategorized |
Mark Zuckerberg may need to pay $2 billion in taxes
February 8th, 2012 - 8:17 pm ICT by Aishwarya Bhatt
New York, Feb 8 (THAINDIAN NEWS) Facebook founder Mark Zuckerberg may pay up to $2 billion in taxes after his successful social network goes public this year. Tax experts are looking into ... Read more...
Posted in Technology Industry News |
Sensex gains 131 points; Bharti Airtel surges (Lead)
February 2nd, 2012 - 7:57 pm ICT by IANS
Mumbai, Feb 2 (IANS) A benchmark index for Indian equities closed 131 points higher Thursday, led by an almost seven percent jump in the share price of Bharti Airtel ... Read more...
Posted in Business |
RIL profit falls 13.55 percent, to buy back shares
January 20th, 2012 - 9:10 pm ICT by IANS
Mumbai, Jan 20 (IANS) India's most valuable firm, Reliance Industries Ltd (RIL), Friday said its net profit fell 13.55 percent to Rs.4,440 crore in the third quarter of the current ... Read more...
Posted in Uncategorized |
South Korea’s investment in foreign securities falls in Q3
November 29th, 2011 - 1:36 pm ICT by IANS
Seoul, Nov 29 (IANS) Foreign securities invested by South Korea's financial institutions plunged in the third quarter due to sharp declines in the share price of major investment destinations, ... Read more...
Posted in Uncategorized |
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 |
EU court’s ruling can impact film, games telecasts
October 4th, 2011 - 9:07 pm ICT by IANS
London, Oct 4 (IANS) European Union's highest court Tuesday ruled that it cannot stop individuals from buying cheaper set-top box decoder cards from foreign broadcasters, and that could hurt the ... Read more...
Posted in Uncategorized |
Chinese firm buys video-sharing site
September 27th, 2011 - 2:59 pm ICT by IANS
Beijing, Sep 27 (IANS) Chinese social networking company Renren Inc. announced Tuesday that it will buy 56.com, an online video-sharing site in China, for $80 million.
The takeover of 56.com, ... Read more...
Posted in Business |
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 |
Bank of America to eliminate 30,000 jobs
September 13th, 2011 - 11:51 am ICT by IANS
New York, Sep 13 (IANS/EFE) Bank of America Corp., the largest US financial institution by assets, announced Monday a restructuring plan that calls for $5 billion in annual cost reductions ... Read more...
Posted in Business |
SBI rights issue in 2-3 months: Chairman
September 12th, 2011 - 6:18 pm ICT by IANS
New Delhi, Sep 12 (IANS) The country's largest lender, State Bank of India will raise capital through rights issue in the next two-three months to fund its expansion plans, ... Read more...
Posted in Business |
Reliance Capital total income up 18 percent
August 13th, 2011 - 7:00 pm ICT by IANS
Mumbai, Aug 13 (IANS) Reliance Capital, part of the Anil Ambani-led Reliance Group, said Saturday its consolidated income increased by 18 percent to Rs.1,492.11 crore ($334 million) in the first ... Read more...
Posted in Uncategorized |
HSBC to cut 25,000 jobs by 2013
August 2nd, 2011 - 9:43 am ICT by IANS
London, Aug 2 (IANS) The HSBC bank will cut about 25,000 jobs globally by 2013 despite its good performance in the first half of this year, Xinhua reported.The bank reported ... Read more...
Posted in Business |
RIL profit up 16.7 percent in April-June quarter
July 25th, 2011 - 7:31 pm ICT by IANS
Mumbai, July 25 (IANS) Mukesh Ambani-led Reliance Industries Ltd (RIL) Monday said its net profit rose 16.69 percent to Rs.5,661 crore in the first quarter of current fiscal from Rs.4,851 ... Read more...
Posted in Uncategorized |
Castrol India Q4 profit up 16.55 percent (Lead)
April 28th, 2011 - 2:07 am ICT by IANS
Mumbai, April 28 (IANS) Castrol India said Wednesday its net profit rose 16.55 percent to Rs.136.6 crore for the fourth quarter of 2010-11 ended March 31.The net sales of the ... Read more...
Posted in Business |
Infosys suffers 10 percent tumble on disappointing earnings
April 15th, 2011 - 8:50 pm ICT by IANS
Mumbai, April 15 (IANS) Share price of Infosys Technologies, India's second largest software exporter, plunged almost 10 percent Friday, the sharpest fall in almost two years, after the company's fourth ... Read more...
Posted in Business |