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Alcoa to cut 13% of global work force
PITTSBURGH: Aluminum producer Alcoa Inc. is cutting roughly 13 per cent of its global work force by the end of the year as it slashes costs in the face of a deteriorating world economy.The elimination of 13,500 jobs, along with deep production and sp...
ICICI Bank does not need IPO: CEO & MD K V Kamath
NEW DELHI: Flush with funds to meet business growth for the current year, ICICI Bank CEO and Managing Director K V Kamath said the bank does not ICICI Bank How Sensex cos fared in 2008need funds from the IPO market, expected to revive later in the ye...
Essar Shipping & Logistics leads gainers in ‘A’ group
National Aluminium Company, Maruti Suzuki India, Steel Authority of India and Bajaj Auto are among the other gainers.Essar Shipping & Logistics spurted 4.98% to Rs 81.20. The scrip topped gainers in BSE's 'A' group.National Aluminium Company jump...
Sterlite Industries tumbles as ADR tanks
Sterlite Industries India tumbled 7.94% to Rs 530 at 11:33 IST on BSE, hit by a sharp fall in its American depository receipt, which tumbled 16.23% yesterday, 9 September 2008, on the New York Stock Exchange.Sterlite American depository receipt (ADR)...
http://economictimes.indiatimes.com/News/News_By_Industry/Indian-origin_Nishita_Shah_among_Next_Gen_billionaires/articleshow/3388381.cms#
BANGALORE: As excitement heightens for the launch of Apple's iPhone in India Friday, two Indian techies from the US have pitched in to offer a free download of their mobile application on iPhone for photo sharing, with value added features to boot. T...
Indian-origin Nishita Shah among Next Gen billionaires
WASHINGTON: Nishita Shah, 28, an Indian origin businesswoman from Thailand, golfer Tiger Woods and Elon Musk, co-founder of online payment processor PayPal figure on Forbes’ list of next-generation billionaires. Besides Shah, managing director of T...
Toyota to cut 2009 sales forecast: report
TOKYO: Toyota Motor Corp will cut its global sales target for 2009, pushing back its goal of becoming the world's first company to sell more than 10 million vehicles in one year, a report said Thursday. Toyota, vying with General Motors to be the wor...
Ambit Corporate Finance appoints new MD
MUMBAI: Financial services firm Ambit Holdings today announced the appointment of Nikhil Puri as Managing Director Ambit Corporate Finance. Puri, who was earlier the MD of Global Industries Group, joins Ambit with an experience of 18-years and adds h...
Woods, Nishita Shah among Forbes' next-gen billionaires list
NEW YORK: Celebrity golfer Tiger Woods and India-origin Nishita Shah, the managing director of Thailand's diversified GP Group, have made their way into the list of next generation billionaires compiled by American US business magazine Forbes. Twenty...
Allied Computers International hardens on stock-split plan
Allied Computers International (Asia) rose 3.60% to Rs 21.60 at 10:50 IST on BSE after the company said its board will meet on 27 August 2008 to consider stock-split.The company made the anouncement after market hours on Wednesday, 20 August 2008.Mea...
Chrysler to cut supply chain costs by 25%
DETROIT: Chrysler LLC aims to cut its supply chain costs by 25% in the next three years, and improve its relationship with suppliers, John Campi, executive vice president of procurement, said on Friday. Campi also said Chrysler has named as its “su...
RNRL tops volumes on BSE
Ispat Industries, Kaashyap Technologies, IFCI and Infrastructure Development Finance Company are among the other volume toppers on BSE.Reliance Natural Resources (RNRL) declined 5.52% to Rs 99.20 on a volume of 3.56 crore shares on BSE. It was the to...
Triveni Engineering & Industries leads gainers in 'A' group
Bajaj Holdings & Investment, Television Eighteen India, Maruti Suzuki (India), and Bajaj Hindusthan are among the other gainers.Sugar maker Triveni Engineering & Industries surged 13.84% to Rs 115.60. It was the top gainer in BSE's A group. S...
GSK wants change in pricing norms
NEW DELHI: Multinational drugmaker GlaxoSmithKline (GSK) has demanded that excise duty and other taxes, which form part of the retail price of medicines, should be excluded while examining price movements of specific brands for price control. The dru...
GMR eyes Russian airport deal
MUMBAI: After successfully bidding for Turkey’s Istanbul international airport, infrastructure major GMR is in race for Russia’s third-largest airport, Pulkovo Airport, in St Petersburg. The Russian government had included Pulkovo Airport in its ...
Bajaj-Renault deal to be limited to ultra low-cost car project
NEW DELHI: Bajaj Auto has expressed disinterest in partnering the Nissan-Renault alliance in the mainstream car business. Bajaj Auto MD Rajiv Bajaj told ET that it was not an area he felt his company had any expertise in, hence the decision. So, the ...
Aptech's Q2 net up 65 per cent
NEW DELHI: Software training company Aptech Ltd has increased its net profit by 65 percent in the second quarter ending June 30 of the company's January-December accounting year, compared to the same period last year, it said in a statement.According...
Genesis picks up 5pc stake in Welspun Gujarat for Rs 300cr
MUMBAI: Genesis Asset Managers has picked up five per cent stake in pipe manufacturer Welspun Gujarat for over Rs 300 crore from the secondary market."The fund house has bought stake from the open market. This shows the long-term viability of the co...
Rpower up 43% from recent low
Reliance Power rose 7.22% to Rs 183.30 at 10:38 IST on BSE on reports it is set to enter the power equipment manufacturing sector in collaboration with the $7-billion global major Shanghai Electric.Meanwhile, the BSE Sensex was up 52.89 points, or 0....
Bharti Airtel rings on good Q1 numbers
harti Airtel gained 2.70% to Rs 838 at 10:25 IST on BSE on reporting 44.86% surge in net profit to Rs 2046.79 crore on 39.73% increase in revenue to Rs 7952.32 crore in Q1 June 2008 over Q1 June 2007.The company announced the results before trading h...
MMTC gains on strong quarterly earnings
MMTC surged 5% to Rs 25,523.55 at 9:55 IST on BSE on reporting 38.1% surge in net profit to Rs 53.76 crore in Q1 June 2008 over Q1 June 2007.The company announced the results after trading hours yesterday, 23 July 2008.Meanwhile, the BSE Sensex was u...
New order win engineers recovery in Valecha Engineering
Valecha Engineering surged 12.07% to Rs 144.35 at 12:55 IST on BSE after the company said it has bagged additional orders worth Rs 133 crore for laying roads and building bridges in Pune and Delhi.The company made this announcement during trading hou...
Strides Arcolab moves north on in-licensing deal
Strides Arcolab gained 17.51% to Rs 172.80 at 14:06 IST on BSE after the company said its joint venture firm Onco Therapies has signed an in-licensing deal with multinational corporation GlaxoSmithKline.The company made this announcement during tradi...
J Kumar Infraprojects builds on new orders
J Kumar Infraprojects was locked at 20% upper limit at Rs 100.95 at 12:30 IST on BSE after the company said it has bagged two different orders aggregating Rs 53 crore from two different clients.The company made this announcement during trading hours ...
Cairn India runs out of fuel as crude slides
Cairn India lost 3.7% to Rs 216 after global crude oil prices fell sharply below last week's all-time peak of above $147 a barrel, at about $135. On BSE, 11.59 lakh shares were traded in the counter. The stock hit a high of Rs 230 and a low...
