Company and Industry News

Fedders Lloyd bags $10.88 mn project

Fedders Lloyd said it has bagged an order worth USD 10.88 million (about Rs 52 crore) from a Ethiopia-based firm.

Buzzintown to expand its presence to 35 cities

Buzzintown plans to expand its presence to 35 cities by the end of next year.

Dr Reddy's files for marketing Lipitor generic

Dr Reddy's Laboratories has filed for marketing a generic version of Pfizer's cholesterol-lowering drug Lipitor in the US, the company said on Saturday.

Citigroup to relaunch its hedge fund ops: Report

Financial service major Citigroup is planning to relaunch Citi Alternative Investments.

Freddie Mac posts $5 bn loss

Freddie Mac, 2nd largest provider of US residential mortgage funding, posted a loss of $5 bn.

Gurgaon: Rico Auto strike ends

Workers at Rico Auto Industries ended their about 50-day strike following an agreement.

Tata Steel Oct sales up 38%

Tata Steel said it witnessed 38 per cent rise in its sales to 4.62 lakh tonnes in October.

Jet, Kingfisher hike fuel surcharge

Jet Airways, Kingfisher Airlines raised their fuel surcharges by up to Rs 200 on domestic flights.

Mittal to buy European fashion house Escada

Megha Mittal, daughter-in-law of India-born billionaire Lakshmi Mittal, will buy insolvent Escada.

Foreign airlines may pick 49% in Indian carriers

Govt will consider a proposal to allow foreign airlines pick up to 49 pct in Indian carriers.

BSNL starts conversion of pre-paid in J-K

After a ban was imposed by the Centre on prepaid BSNL, JK circle, has started conversion of its pre-paid cell phone connections into post-paid.

Lenovo shares ease after hitting 1-week high

Shares of Lenovo rose by more than 3 per cent to a one-week intraday high.

Qualcomm Q4 net down 9 pct

Qualcomm reported a decline of 9% in Q4 net income at $803 mn hit by lower revenues.

IBM to set up analytics centre in Bangalore

To focus on the rapidly growing business analytics market place, the IBM today said it would soon set up a new ‘Business Analytics Centre of Competency’ in the city.

HP unveils converged infrastructure architecture

HP unveiled the HP converged infrastructure architecture and associated services and partner offerings.

Barista launches its liqueur coffees in India

Italian coffee chain Lavazza launched liqueur coffees in India and said it will expand its cafe outlets.

Genpact net profit dips marginally

Genpact reported a 1.7 pct dip in its net profit for the third quarter ended September 2009.

MS launches online services in India

MS launched 'Online Services' in India to allow SMBs and enterprise customers to access e-mail.

NTPC to appoint banker for S Africa buy

State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker next month to do the due diligence of those properties.

SC to hear Ambani case again

Court battle between Ambani brothers will begin afresh, after 2 judges of SC recused themselves.

JSW Steel output up 34pct in October

JSW Steel said its production rose by 34 per cent to 4.53 lakh tonnes in October.

Latest News

Print Edition

Events