Cable & Wireless beats slowdown blues, grows by 35 percentOctober 7th, 2009 BANGALORE - World's leading communication services provider Cable & Wireless grew by 35 percent in the first six months (April-Sep) of this fiscal despite the economic slowdown, a top company official said Wednesday. The global recession was challenging, as there were delays in decision-making by enterprises on investments in the communications infrastructure space.
Analyst expects growth in emerging markets to drive earnings, sales for Wal-Mart StoresSeptember 21st, 2009 HSBC tags Wal-Mart Stores with 'Outperform' ratingNEW YORK — Wal-Mart Stores Inc.'s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world's largest retailer an "Outperform" rating. HSBC analyst Francisco Chevez said Wal-Mart will continue expanding in emerging markets, such as Brazil, India, China and Russia, eventually, by 2011.
Tata Tea plans expanding overseas distributionSeptember 1st, 2009 KOLKATA - Tea major Tata Tea will be focusing on global distribution expansion in the Middle East, South America, South Africa and the Commonwealth of Independent States including Russia, a top company official said here Tuesday. "We would look at expanding our global distribution in these four regions through joint ventures or partnerships," said Tata Tea chief executive P.D.
Smurfit-Stone Container closing Conn. plant, expanding Mass. facilityAugust 7th, 2009 Smurfit-Stone Container closing Conn. plantST. LOUIS — Smurfit-Stone Container Corp., a major U.S.
Germany's Postbank reports €14 million second-quarter lossJuly 30th, 2009 Germany's Postbank posts €14M Q2 lossBERLIN — Germany's Deutsche Postbank AG reported Thursday a loss of €14 million ($19.7 million) for the second quarter as the retail lender increased write-downs and provisions for risky loans. The Bonn-based company, now partly owned by Deutsche Bank AG, said the loss compared to a profit of €121 million a year earlier.
Germany's Postbank reports euro14 million second-quarter lossJuly 30th, 2009 Germany's Postbank posts euro14M Q2 lossBERLIN — Germany's Deutsche Postbank AG reported Thursday a loss of euro14 million ($19.7 million) for the second quarter as the retail lender increased write-downs and provisions for risky loans. The Bonn-based company, now partly owned by Deutsche Bank AG, said the loss compared to a profit of euro121 million a year earlier.
Reliance Capital eyes banking, public offer for insurance armJuly 21st, 2009 MUMBAI - Reliance Capital plans to enter the investment banking business over the next year, even as the company is looking to sell part stake in the insurance business to unlock shareholder value, its chairman Anil Ambani said here Tuesday. "At Reliance Capital, we continually scan the horizon for new business avenues.
Sajjan Jindal wins international steel industry awardJune 25th, 2009 MUMBAI - JSW Steel vice chairman and managing director Sajjan Jindal has been conferred the Willy Korf/Ken Iverson Steel Vision Award for his contribution to the steel industry, the company said in a statement Thursday. Jindal is the second Indian to receive the honour.
Cisco appoints B. Raghavendran to head India Channel Operations and Commercial StrategyMay 11th, 2009 MUMBAI - Cisco today announced the appointment of B. Raghavendran as Vice President, Channel Operations and Commercial Strategy, Cisco India and SAARC.
Paramount Airways connects east, northeastern cities with southern IndiaApril 27th, 2009 AGARTALA - Chennai-based Paramount Airways has launched its operations Monday connecting the eastern and northeastern region with the southern Indian cities. 'From Monday onwards, the Paramount Airways would operate airbus between Kolkata, Guwahati, Agartala and many southern India cities,' said R.C.
Ford India to raise localisation levelsApril 23rd, 2009 CHENNAI - Auto major Ford India is adopting a multi-pronged strategy to expand its market share, including raising the local content of its vehicles, expanding the dealer and service centre networks and entering new segments, company officials said Wednesday. 'We have current set of products and are moving into new segments in which we are not present now,' Michael Boneham, president and managing director of Ford India, told reporters at a company plant at Maraimalai Nagar near here.
Operations at Delhi's new airport terminal delayedApril 2nd, 2009 NEW DELHI - Starting of operations at the new Rs.500-crore domestic terminal (1D) at Delhi airport will be delayed as the developer wants its post-operational problems 'at minimal'. 'There will be initial problems.
Air India not to operate from new terminal at Delhi airportMarch 21st, 2009 NEW DELHI - With the newly-built departure terminal at Delhi airport set to be opened in the first week of April, India's national carrier Air India Friday said it would not shift its operations to the new terminal. 'We will continue to operate from the existing 1A terminal,' an Air India spokesperson told IANS.
Mott MacDonald opens new design centre in KochiMarch 14th, 2009 KOCHI - London-based engineering and consultancy major Mott MacDonald Friday opened its new design centre in Kochi, Kerala. Mott MacDonald director (oil and gas global operations) Sam Mathew said the company was committed to expanding its business in India and Kochi would become a hub for the firm's oil, gas and petrochemical storage and distribution business.
Audi India sells 113 vehicles in FebruaryMarch 5th, 2009 NEW DELHI - Despite the auto industry facing the brunt of a slowing economy, the high-end segment seems to have weathered the storm with luxury carmaker Audi reporting a considerable increase in their monthly sales for the second consecutive month. The German car manufacturer, posted a year-on-year increase of about 95 percent selling, 113 vehicles in February against 58 cars in the corresponding month last year.
Loading ...