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Wednesday, January 19, 2011
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RCom raises $255 m to refinance 3G spectrum fee
Co to benefit from extension of maturity, interest cost savings
Pranab pitches for deeper penetration of banks
NEW DELHI: Finance Minister Pranab Mukherjee on Tuesday maintained that even as the government is trying to bring down the cost of banking intermediaries with the help of the Reserve Bank of India (RBI) for increased penetration in rural ...
Honda launches Civic variant
It is priced at Rs.13.5-14.27 lakh
GAIL net profit up 13 per cent at Rs.968 crore
To raise $150 million through external commercial borrowings
Govt compensation vital to boost profit: IOC chief
NEW DELHI: Indian Oil Corporation (IOC) on Tuesday said it would report loss in the third quarter ended December 31, 2010, unless the government compensated it for the revenue loss due to selling diesel, kerosene and cooking fuel below ...
TVS Logistics acquires U.S. firm
CHENNAI: In what is claimed to be a strategic move, TVS Logistics Services Ltd. (TVS LSL) has acquired closely-held Michigan-based Manufacturers Equipment & Supply Company (MESCO), bought out the joint venture partner in TVS America and ...
‘Interest rate hike can impact growth'
NEW DELHI: Union Commerce and Industry Minister Anand Sharma on Tuesday said that any move to raise the cost of borrowing to rein in inflation could impact growth and cautioned that interest rate hike might not be a suitable tool to control ...
Pearson ups stake in TutorVista
NEW DELHI: Global media and publishing firm Pearson on Tuesday said it had picked an additional 59 per cent stake in Bangalore-based online tutorial services provider TutorVista for Rs.577 crore. It is also looking at India as a focus market ...
LetsBuy gets $6 m VC funding
NEW DELHI: E-commerce portal LetsBuy.com on Tuesday said it had received $6 million in venture capital funding from Helion Venture Partners, Accel Partners and Tiger Global. “We are on the fast-growth path and the VC funding from the ...
Thinksoft pact with TalentSprint
CHENNAI: Thinksoft Global Services and TalentSprint have signed a memorandum of understanding to offer a one-year certification program in financial software testing. The programme will cater to the growing need for certified professionals ...
Online CRM cloud service from Microsoft
CHENNAI: Microsoft India has announced the launch of Microsoft Dynamics CRM Online, the cloud version that delivers new levels of productivity to sales, service and marketing organisations. It also introduced Hindi version of the application. ...
Leyland bags orders from VRL Logistics
CHENNAI: Ashok Leyland has bagged fresh orders from VRL Logistics of 262 vehicles comprising 200 numbers of car carriers on the U-3518, 12 numbers of U-4923 and 50 numbers of the company's 12-meter buses. According to a release, these ...
Nava Bharat Ventures converts FCCBs
HYDERABAD: Nava Bharat Ventures has converted its outstanding foreign currency convertible bonds (FCCBs) into equity shares by using the “issuer's conversion option”. The step enabled the company to convert outstanding FCCBs worth ...
New Chief Executive for ZTE Telecom
NEW DELHI: ZTE Telecom India Pvt. Ltd., a wholly-owned subsidiary of ZTE Corporation, has appointed Cui Liangjun as the new Chief Executive. Incumbent CEO Huang Dabin will continue working with ZTE at its headquarters in Shenzhen, China. Prior ...
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