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 |
Arsenal’s new boss Kroenke pledges success for Gunners
April 12th, 2011 - 8:29 am ICT by ANI
London, Apr. 12 (ANI): US billionaire Stan Kroenke has vowed to bring success to Arsenal after sealing a controlling stake at the Emirates with a 450 million dollar swoop.According to ... Read more...
Posted in Sports |
Wenger vows to carry on working until 80
April 10th, 2011 - 4:15 pm ICT by ANI
London, Apr 10 (ANI): Arsenal boss Arsene Wenger has vowed to carry on working until he's 80.The Arsenal manager, 61, responded to criticism of the team's failure to win a trophy ... Read more...
Posted in Sports |
$10m US settlement in firm’s interest, says Mahindra Satyam
April 6th, 2011 - 8:45 pm ICT by IANS
Hyderabad, April 6 (IANS) After agreeing to pay $10 million to settle the US Securities and Exchange Commission's (SEC) suit, leading IT services provider Mahindra Satyam said the step ... Read more...
Posted in Business |
Sistema Shyam issues over 547 mn shares to Russian government
March 30th, 2011 - 5:36 pm ICT by IANS
New Delhi, March 30 (IANS) Sistema Shyam TeleServices Limited (SSTL), a joint venture between Sistema of Russia, the Russian government, and the Shyam Group of India, Wednesday said it ... Read more...
Posted in Business |
Senior telecom official to probe divestment of VSNL
March 22nd, 2011 - 4:00 pm ICT by IANS
New Delhi, March 22 (IANS) S.R. Rao, additional secretary in the Department of Telecom (DoT), has been named to head the probe on matters relating to the divestment of state-run ... Read more...
Posted in Uncategorized |
Italy takes control of Libyan bank
March 15th, 2011 - 11:58 am ICT by IANS
Rome, March 15 (IANS/AKI) The Bank of Italy has announced that it has put Libyan-controlled Banca UBAE under special administration after the European Union decided last week to freeze the ... Read more...
Posted in World |
NALCO approves stock split, issues bonus shares
March 5th, 2011 - 5:02 pm ICT by IANS
Bhubaneswar, March 5 (IANS) State-run National Aluminium Company Limited (NALCO) Saturday said it had decided to go for capital restructuring by splitting an equity share of Rs.10 into two equity ... Read more...
Posted in Business |
Inquiry launched into 2006 takeover of Formula One
February 16th, 2011 - 5:14 pm ICT by ANI
London, Feb 16 (ANI): An inquiry has been launched into the 2006 takeover of Formula One, resulting in the sport being thrown into turmoil.Accountant firm Ernst & Young and law firm Freshfields ... Read more...
Posted in Sports |
Nestle calls for entries on sustainable development award (With Image)
February 12th, 2011 - 5:13 pm ICT by IANS
New Delhi, Feb 12 (IANS) Global processed food giant Nestle has invited entries from individuals, non-profit and small enterprises for competing in its prestigious global award for innovative solutions on water management, ... Read more...
Posted in Business |
Nestle opens nominations for sustainable development award
February 11th, 2011 - 11:15 pm ICT by IANS
New Delhi, Feb 11 (IANS) Global processed food giant Nestle Friday invited entries from individuals, non-government organizations and small enterprises for competing in its international award for innovative solutions on water management, ... Read more...
Posted in Business |
Dominant CEOs can either build or destroy a company: Study
January 27th, 2011 - 4:27 pm ICT by ANI
Washington, Jan 27 (ANI): A new study has revealed that dominant CEOs, who are powerful figures in an organization as compared to other members of the top management team, can evoke extreme ... Read more...
Posted in Business |
Facebook To Unveil Its Financial Workings
January 24th, 2011 - 8:02 pm ICT by GD
By Madhuri Dey
Jan 24, (THAINDIAN NEWS) World's largest social networking site Facebook may very soon unveil its financials. Yes the giant networking site plans to their financial information public from this very ... Read more...
Posted in Technology Industry News |
iGate acquires majority stake in Patni Computers
January 10th, 2011 - 4:35 pm ICT by IANS
Mumbai/Bangalore, Jan 10 (IANS) US software company iGate along with private equity firm Apax Partners has agreed to acquire a majority stake in Indian software services major Patni Computer Systems Monday for ... Read more...
Posted in Business |
New study finds CEOs are rewarded for wrong kind of growth
January 5th, 2011 - 5:10 pm ICT by ANI
Washington, Jan 5 (ANI): A new study from University of Toronto has found that many CEOs are being rewarded for company growth resulting from investments instead of improved profitability.Partha Mohanram said that ... Read more...
Posted in Business |
Fabindia Employees Become The Company’s Shareholders
January 3rd, 2011 - 3:00 pm ICT by Sampurn Wire
In a move that will surprise many, Fabindia has distributed shares of the company to 700 of its employees as a mark of the celebrations of the 50th year of ... Read more...
Posted in Entertainment |
ArcelorMittal hikes bid for Canadian iron ore giant
January 1st, 2011 - 3:40 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 1 (IANS) Toronto-based Baffinland Iron Mines Corp Friday asked its shareholders to accept ArcelorMittal's higher offer of $1.40 a share or $550.7 million. The world's biggest steel ... Read more...
Posted in Business |
Jo-Ann Stores to be acquired by Leonard Green for $1.6 billion
December 24th, 2010 - 4:33 pm ICT by BNO News
HUDSON, OHIO (BNO NEWS) -- Jo-Ann Stores, Inc. has announced that it has entered into a definitive agreement to be acquired by an affiliate of Leonard Green & Partners, L.P. for a ... Read more...
Posted in Business |
American Airlines Discontinues Selling Tickets Through Orbitz
December 22nd, 2010 - 8:30 pm ICT by GD
By Madhuri Dey
Dec 22, (THAINDIAN NEWS) The dispute between AMR Corp's American Airlines and online travel agency Orbitz Worldwide has finally got a verdict. On Tuesday an Illinois court said that the ... Read more...
Posted in Business |
ArcelorMittal bid goes before Canadian regulators
December 22nd, 2010 - 12:37 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 22 (IANS) Canadian regulators will hear Wednesday a challenge to ArcelorMittal's bid for Canadian mining company Baffinland Iron Mines Corp. for $492 million.The hostile bidder Nunavat Iron ... Read more...
Posted in Business |
Sistema Shyam to secure $200m Gazprombank loan
December 20th, 2010 - 6:14 pm ICT by IANS
New Delhi, Dec 20 (IANS) Sistema Shyam Teleservice Ltd. (SSTL), a joint venture between Russian conglomerate Sistema and India's Shyam group, Monday said it has signed a mandate letter with Russian bank ... Read more...
Posted in Business |
Sical shareholders approve Tanglin preferential issue (Lead)
December 14th, 2010 - 11:50 pm ICT by IANS
Chennai, Dec 14 (IANS) Shareholders of Sical Logistics Tuesday gave their nod to Tanglin Retail Realty Development Pvt Ltd to acquire further stake in the company.At an extraordinary general meeting (EGM) held ... Read more...
Posted in Business |
Sical Logistics to acquire Tanglin Reality
December 14th, 2010 - 8:37 pm ICT by IANS
Chennai, Dec 14 (IANS) Shareholders of Sical Logistics Tuesday gave their nod to Tanglin Retail Realty Development Pvt Ltd to acquire further stake in the former.At an extraordinary general meeting (EGM) ... Read more...
Posted in Business |
Jimmy Choo’s ‘Crystal Anniversary Collection’: Whats In Store?
November 26th, 2010 - 3:15 pm ICT by Sampurn Wire
Jimmy Choo’s signature jeweled shoes will be updated and reissued for the anniversary. Ace photographer and painter, Marilyn Minter, has been selected to create the image which will be launched with ... Read more...
Posted in Entertainment |
J. Crew agrees to $3 billion buyout offer
November 24th, 2010 - 2:02 am ICT by BNO News
NEW YORK (BNO NEWS) -- J. Crew Group, Inc. on Tuesday announced that it has entered into a definitive agreement to be acquired by funds affiliated with TPG Capital and Leonard Green ... Read more...
Posted in Business |
Govt. committed to work with industry to ensure framework in labour sector: PM
November 23rd, 2010 - 1:23 pm ICT by ANI
New Delhi, Nov 23 (ANI): The Prime Minister, Dr. Manmohan Singh, on Tuesday said the Central Government is committed to working with trade unions and industry to ensure that the regulatory ... Read more...
Posted in National |
Lady Gaga invests in New York restaurant
November 22nd, 2010 - 12:26 am ICT by IANS
Los Angeles, Nov 21 (IANS) Singer Lady Gaga has become a partner in a New York restaurant.The "Poker Face" hitmaker recently became a co-owner of Vince & Eddie's in Manhattan's Upper West ... Read more...
Posted in Entertainment |
Axis Bank acquires Enam Financial unit in all-stock deal
November 17th, 2010 - 7:49 pm ICT by IANS
Mumbai, Nov 17 (IANS) Axis Bank, the country's fourth largest lender, Wednesday said it is to acquire investment banking and securities unit of Enam Financial, a closely held firm, in an all-stock ... Read more...
Posted in Business |
Tata Steel posts Rs.1,978.81 crore profit
November 12th, 2010 - 10:08 pm ICT by IANS
Mumbai, Nov 12 (IANS) Tata Steel Friday reported Rs.1,978.81 crore net profit for the second quarter of current fiscal as against Rs.2,707.25 crore loss during the corresponding quarter last year, on a ... Read more...
Posted in Business |
FriendFinder CEO Marc Bell looking to buy Playboy
October 29th, 2010 - 11:25 pm ICT by Aishwarya Bhatt
New York, Oct 29 (THAINDIAN NEWS) The owner and CEO of FriendFinder Networks Inc has indicated that his company is looking to “raise capital to grow the business” but failed to mention ... Read more...
Posted in Business |