Archive for the ‘Business News’ Category

Bangalore/ Frankfurt, Apr 1 (ANI/Business Wire India): D A Prasanna, Founder of Ecron Acunova, based out of Germany, India and US, is pleased to announce the appointment of Dr. Antal K. Hajos as Managing Director of Ecron Acunova and CEO Europe. In his new role, Dr Hajos will have overall responsibility for all business, strategic and operational aspects of the European operations. Ecron Acunova GmbH, located ... Full story

New Delhi, Apr 1 (ANI/Business Wire India): Getting right information about loans, credit cards and insurance has now become an one-click affair. Mango Network, a leading digital advertisement and entertainment network company in India, has launched a personal finance service portal - ww.MyIndiaFinance.com. The finance portal provides services for products like home loan, car loan, personal loan, life insurance, auto insurance, health insurance and credit ... Full story

Acton/Delhi, Mar 31 (ANI/Business Wire India): India's highly promising, recently launched Smart Digivision MyWay IPTV service is taking full advantage of comprehensive software, systems and services from SeaChange International, the proven leader in IPTV and on-demand television solutions. Customers of Bharat Sanchar Nigam Ltd. (BSNL), the nation's largest telco and ... Full story

King of Prussia, Mar 31 (ANI/Business Wire India): Devon IT Solutions India Pvt Ltd today announced its new line of thin client solutions, orderable with IBM part numbers. Devon has worked directly with IBM to launch this complete line of thin client solutions that complements IBM's Virtual Client Solutions (VCS) ... Full story

Mumbai, Mar 31 (ANI): Reserve Bank of India (RBI) Deputy Governor Rakesh Mohan has said that triad banking model - state-run, private and foreign banks - is working well in India. Mohan said that the growth of each sector has spurred healthy competition. "We have a system where you have public sector ... Full story

New Delhi, Mar 31 (ANI/Business Wire India): According to ComScore, the Global Internet Information Provider, Naukri.com, garnered a traffic share of 61 per cent in February '09, the highest ever. Naukri.com is leading in unique visitors, total page views and time spent on the site, beating its competitors by considerable margins. Monster.com and Timesjobs.com had a traffic share of 27 per cent and 8 per ... Full story

New Delhi/Pune, Mar 31 (ANI/Business Wire India): Suzlon Energy Limited, the world's fifth leading wind turbine maker, entered into a Memorandum of Understanding (MoU) with TERI University for setting up and offering an MTech Programme in Renewable Energy Engineering and Management. This MoU will facilitate Suzlon Energy to contribute to the Programme through exchange of ideas and expertise, and guest faculty. Since its inception in 1999, ... Full story

Mumbai, Mar 30 (ANI/Business Wire India): Jupiter Electronics, a leader in process control instruments and marketing pressure, temperature, humidity and air velocity sensors and transmitters will conduct a seminar on 'Humidity Measurement in Various Industries' on April 3. Ritler, Sales Manager, Rotronic A. g.Switzerland, Bipin Ghelani, Managing Director, Jupiter Electronics, Prashant Jadhav and Ateesh Mhatre, Sales Engineers, Jupiter will address the function. Speaking about this ... Full story

New Delhi, Mar. 30 (ANI): The Bombay Stock Exchange benchmark Sensex has plunged below 10,000 points by losing 250.43 points in opening trade due to profit-selling by funds amid weak trends on the global markets. The 30-share Sensex, which had gained nearly 1,070 points, or 12.06 per cent in last week, slipped by 251.43 points, or 2.45 per cent in opening trade as funds and retail ... Full story

Nicosia, Mar 30 (ANI): The state-run Kuwait National Petroleum Company (KNPC) confirmed press reports that it had scrapped plans to built a fourth refinery at Al Zour, at an estimated cost of 15 billion dollars and has informed accordingly the companies involved. This is the second multi-billion project which has been abandoned by a Kuwati state-run ... Full story

New Delhi, Mar 27 (ANI): Reserve Bank of India (RBI) Governor Dr. Duvvuri Subbarao said that although it is uncertain as to when Indian economy will recover, when it does it will be sharper and quicker than other economies of the world. "It is not clear when recovery will start, but when recovery starts around the world and in India, India's recovery will be sharper and ... Full story

Hyderabad, Mar 25 (PTI) Nine workers of the Telugu Desam Party attempted suicide in different incidents protesting against the ticket distribution for the Assembly elections in Andhra Pradesh next month, even as the party released two lists containing 91 names in all, sources said. However, nothing untoward has happened, reports reaching here said. Two party workers from Anantapur district tried to immolate themselves near the residence ... Full story

Benchmarks were trading on a choppy note with a positive bias ahead of March F and O series expiry and meager performance by the worldwide markets. Real estate, oil and gas and metal frontline stocks were the major gainers. At 1:45 pm, Bombay Stock Exchange’s Sensex gained 137.23 points (1.45%) at 9608.27. The index hit an intra-day high of 9648.67 and low of 9430.45. In the ... Full story

Swiss drug manufacturer Novartis AG made an open offer to purchase an additional equity stake of 39% in its Indian arm Novartis India Ltd. for a total value of up to Rs 440 crore. The parent company would buy back the shares from public shareholders at INR351 a share. After the successful completion of this offer, Novartis will hold 90% stake in the Indian arm from the ... Full story

Kalpataru Power Transmission Limited (KPTL), a leading EPC player in power transmission and distribution, announced that it has pocketed three orders from Power Grid Corporation of India Limited (PGCIL) for 765 kv and 400 kv transmission line projects. The fresh orders received by the company are valued at Rs 399 crore. The scope of the orders includes supply and construction of transmission lines in Bihar, Chhatisgarh and ... Full story

Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries (RIL) stock with an intraday target of Rs 1465. According to Karvy, interested traders can purchase the stock between Rs 1425-1430 with a strict stop loss of Rs 1415. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 1470. Shares of the company, on Tuesday (March ... Full story

Hong Kong - A black joke doing the rounds in Asian financial circles goes like this: Question: "What's the definition of an optimist?" Answer: "A banker who has five shirts ironed on a Sunday." It is a joke Barry Emmerton - who lost his 15,500-US-dollar-a month job as an interest rates derivatives specialist - can afford to smile at, even though the shirt question is already ... Full story

Bangkok - Thailand plans to request a 400-million-dollar loan from the China Exim Bank as part of its efforts to stimulate the economy which expected to shrink at least 3 per cent this year, media reports and officials said Wednesday. The loan request is to be submitted to Chinese Foreign Minister Yang Jieshi, who was scheduled to meet Wednesday with Thai Prime Minister Abhisit Vejjajiva ... Full story

Washington - US President Barack Obama defended the spending outlined in his budget Tuesday, saying investments in health care, energy and education are essential to long-term economic growth and eventually bringing deficits under control. Obama defended the 3.6-trillion-dollar budget proposal that have been the subject of intense criticism from Republican and some Democratic members of Congress who warn it will pass along huge deficits to ... Full story

New York - US stocks fell sharply on Tuesday, one day after posting their biggest gains of the year, as the US administration sought new powers to control failing financial firms. Banking shares, which gained some 18 per cent on Monday, led the market decline amid speculation that Congress will no longer back more money for struggling Wall Street institutions. President Barack Obama's administration asked for ... Full story