J.C. Penney to eliminate thousands of jobs
January 24th, 2012 - 1:08 am ICT by Aishwarya Bhatt
New York, Jan 23 (THAINDIAN NEWS) Retailer JC Penney is all set to eliminate thousands of jobs in an apparent bid to cut costs and bring back the company from the red.According ... Read more...
Posted in Business |
Will unveil the truth, not afraid of anyone, says Ijaz
January 21st, 2012 - 6:46 pm ICT by IANS
New Delhi, Jan 21 (IANS) Pakistani-American businessman Mansoor Ijaz has said that he is not afraid of anyone and would unveil the truth despite receiving threats over his expected testimony ... Read more...
Posted in South Asia |
Yahoo co-founder Jerry Yang steps down (Lead)
January 18th, 2012 - 6:50 am ICT by IANS
San Francisco / London, Jan 19 (IANS) Yahoo's co-founder Jerry Yang stepped down from its board along with all other positions he held in the company, it was announced Tuesday.The ... Read more...
Posted in World |
Court suspends Van Gaal’s appointment at Ajax
December 13th, 2011 - 4:06 pm ICT by IANS
Amsterdam, Dec 13 (IANS) A court in Haarlem temporarily suspended the appointment of Louis Van Gaal as CEO at Ajax Football Club, until the shareholders get a chance to vote ... Read more...
Posted in Uncategorized |
Toshiba Elevator sets up unit in Middle East
November 29th, 2011 - 4:45 pm ICT by IANS
Dubai, Nov 29 (IANS) Toshiba Elevator, a unit of Japanese conglomerate Toshiba Corporation, Tuesday said it has set up a new firm aimed to expand its operation in the Middle ... Read more...
Posted in World |
Enormous responsibility thrust on me: Cyrus Mistry
November 23rd, 2011 - 11:05 pm ICT by IANS
Mumbai, Nov 23 (IANS) Newly-appointed Tata Sons deputy chairman Cyrus P. Mistry, who will succeed group chairman Ratan Tata on his retirement next year, said Wednesday that he was conscious ... Read more...
Posted in Business |
HP to keep PC business
October 28th, 2011 - 12:59 pm ICT by IANS
San Francisco, Oct 28 (IANS) Hewlett-Packard (HP) Thursday announced that it will keep its personal systems group (PSG) and continue to sell personal computers."HP objectively evaluated the strategic, financial ... Read more...
Posted in Business |
India’s quota in IMF to increase to 2.75 percent
October 25th, 2011 - 7:22 pm ICT by IANS
New Delhi, Oct 25 (IANS) India's quota in the International Monetary Fund (IMF) will be increased to 2.75 percent from the current 2.44 percent in view of the changing ... Read more...
Posted in Business |
NTPC pays Rs.3,133 crore dividend for 2010-11
September 30th, 2011 - 5:44 pm ICT by IANS
New Delhi, Sep 30 (IANS) State-run thermal power major NTPC Friday said that it paid a total dividend of Rs.3,133.27 crore (over $630 million) for 2010-11, which amounts to 38 ... Read more...
Posted in Uncategorized |
Kairali TV to expand into Middle East
September 29th, 2011 - 5:45 pm ICT by IANS
Thiruvananthapuram, Sep 29 (IANS) Communist Party of India-Marxist (CPI-M)-backed Kairali TV Thursday said it will launch a new channel in the Middle East.The channel's chairman, superstar Mammootty, made the announcement ... 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 |
Satyam case: CBI seeks time till Sep 30 to present case
September 18th, 2011 - 8:24 pm ICT by IANS
New Delhi, Sep 18 (IANS) The Supreme Court will Monday hear an application filed by the Central Bureau of Investigation seeking time till Sep 30 to present its ... Read more...
Posted in Business |
Pawar denies hiding information of his assets
September 15th, 2011 - 12:15 am ICT by IANS
New Delhi, Sep 14 (IANS) Union Agriculture Minister and Nationalist Congress Party chief Sharad Pawar Wednesday denied hiding any information that he owned shares in Pune-based Panchshil Hotels while ... Read more...
Posted in Uncategorized |
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 |
ONGC to start two petrochemical projects by 2013
August 30th, 2011 - 5:16 pm ICT by IANS
New Delhi, Aug 30 (IANS) State-run Oil and Natural Gas Corporation (ONGC) Tuesday said two of its petrochemical projects will commence operations by 2013.The projects are being developed through joint ... Read more...
Posted in Business |
SJVNL declares Rs.330.93 crore dividend
August 27th, 2011 - 8:55 pm ICT by IANS
Shimla, Aug 27 (IANS) Power utility Satluj Jal Vidyut Nigam Ltd (SJVNL) Saturday declared a dividend of Rs.330.93 crore for its shareholders for the fiscal 2010-11."The annual general meeting Friday ... Read more...
Posted in Business |
WSJ: Bank of America to cut up to 10,000 jobs
August 19th, 2011 - 7:21 pm ICT by BNO News
CHARLOTTE, NORTH CAROLINA (BNO NEWS) -- Bank of America Corp. is cutting at least 3,500 jobs by the end of next month as part of a major restructuring effort which could see ... Read more...
Posted in Business |
Google buys Motorola Mobility for $12.5 billion
August 16th, 2011 - 12:53 am ICT by Aishwarya Bhatt
Washington, August 15 (THAINDIAN NEWS) Internet giant Google has purchased Motorola’s Mobility for $12.5 billion. The deal was announced on Monday. There had been reports earlier that Google was in negotiations with ... Read more...
Posted in Technology Industry News |
Bill passed for greater control on SBI subsidiaries
August 11th, 2011 - 6:55 pm ICT by IANS
New Delhi, Aug 11 (IANS) A legislation that allows the government full control of subsidiary banks of the State Bank of India (SBI) from the Reserve Bank of India ... Read more...
Posted in Business |
ITC shuts down two WIMCO plants
July 29th, 2011 - 7:29 pm ICT by IANS
Kolkata, July 29 (IANS) Multi-business conglomerate ITC Limited has shut down two of its safety match-box making Wimco plants at Chennai and Ambernath and would use the facilities for manufacturing ... Read more...
Posted in Business |
SAIL’s Q1 net profit down 29 percent
July 29th, 2011 - 7:08 pm ICT by IANS
Mumbai, July 29 (IANS) Steel producing major Steel Authority of India (SAIL) Friday reported a decline of 28.77 percent in its net profit for the current fiscal at Rs.838.06 crore ... Read more...
Posted in Uncategorized |
Tata Steel rolls out new corporate campaign
July 21st, 2011 - 6:42 pm ICT by IANS
New Delhi, July 21 (IANS) Tata Steel Thursday launched a corporate campaign portraying itself as a state-of-art global steel major which is also dedicated towards social, economic and environmental sustainability."As ... Read more...
Posted in Uncategorized |
Layoffs to cost Spanish firm $3.8 bn
July 16th, 2011 - 11:32 am ICT by IANS
Madrid, July 16 (IANS/EFE) A plan to lay off 6,500 employees in 2011-13 will cost Telefonica SA 2.7 billion euros ($3.8 billion) in severance pay, the Spanish telecommunications giant said ... Read more...
Posted in Business |
Rebekah Brooks resigns
July 15th, 2011 - 5:04 pm ICT by IANS
London, July 15 (IANS) Amid increasing pressure from politicians and shareholders following a phone-hacking scandal, Rebekah Brooks, the embattled chief executive of Rupert Murdoch's British newspaper operations, Friday announced she ... Read more...
Posted in Entertainment |
1:1 bonus issue by Ashok Leyland
June 16th, 2011 - 1:06 am ICT by IANS
Chennai June 15 (IANS) The Board of Directors of commercial vehicle manufacturer Ashok Leyland Ltd Wednesday approved 1:1 bonus share.The bonus issue in proportion of one share of Re. 1/- ... Read more...
Posted in Business |
Tata Motors’ net profit down 19 percent in 2010-11
May 26th, 2011 - 10:32 pm ICT by IANS
Mumbai, May 26 (IANS) Automobile major Tata Motors Thursday reported a decrease of over 19 percent in its stand alone net profit for last fiscal year at Rs.1,811.82 crore due ... Read more...
Posted in Business |
Probe into whether BlackBerry misguided shareholders
May 25th, 2011 - 12:04 pm ICT by IANS
Toronto, May 25 (IANS) A US law firm is probing whether BlackBerry maker Research In Motion (RIM) deliberately kept its shareholders in the dark about its problems in releasing new ... Read more...
Posted in Business |
India in touch with others on selection of IMF chief
May 24th, 2011 - 5:07 pm ICT by IANS
New Delhi, May 24 (IANS) India is constantly in touch with other countries on selection of the new head of the International Monetary Fund (IMF), Finance Minister Pranab Mukherjee ... Read more...
Posted in Business |
Bank of America to reduce their greenhouse gas emissions
May 19th, 2011 - 2:15 am ICT by Aishwarya Bhatt
New York, May 18 (THAINDIAN NEWS) The Bank of America has announced that they will go ahead with their 2010 plan which will see the company’s greenhouse gas emissions reduced by about ... Read more...
Posted in Environment |
Grameen stakeholders should protest, says Yunus
May 18th, 2011 - 12:31 pm ICT by IANS
Dhaka, May 18 (IANS) Predicting difficult times ahead, Bangladesh rural credit pioneer Muhammad Yunus has asked shareholders of the Grameen Bank to protest against any attempt to "take away" ... Read more...
Posted in World |
Ruia Group to acquire two European firms
May 11th, 2011 - 10:32 pm ICT by IANS
Kolkata, May 11 (IANS) Kolkata-based Ruia Group Wednesday announced it has entered into binding agreements to acquire two automotive sealing systems manufacturing companies in Europe.The companies include Turkey-based Standard Profil ... Read more...
Posted in Uncategorized |
Court approves Essar bulk terminal’s equity buyback offer
May 9th, 2011 - 11:00 pm ICT by IANS
Gandhinagar, May 9 (IANS) The Gujarat High Court has sanctioned Essar Bulk Terminal Limited's scheme of purchasing its equity shares through buyback offer from its equity shareholders.A single judge bench ... Read more...
Posted in Uncategorized |
Infosys drops ‘Technologies’ from name
May 1st, 2011 - 3:52 am ICT by IANS
Bangalore, April 30 (IANS) India's second largest IT bellwether Infosys has dropped 'Technologies' from the company's name as part of its re-branding exercise.In a regulatory filing late Saturday, the company ... Read more...
Posted in Business |
Facebook’s early investors likely to sell shares worth billion dollars
April 28th, 2011 - 6:40 pm ICT by ANI
London, Apr 28(ANI): A group of Facebook shareholders reportedly want to sell the company's private stock worth a billion dollars with a valuation of over 70 billion dollars.According to The Daily ... Read more...
Posted in World |
Infosys declares 400 percent final dividend for FY 2011
April 15th, 2011 - 12:20 pm ICT by IANS
Bangalore, April 15 (IANS) Infosys Technologies Ltd Friday declared a final dividend of Rs.20 per share of Rs.5 each or 400 percent for fiscal 2010-11, an increase of 100 percent ... Read more...
Posted in Business |
