Business

British magazine names ‘iconic’ Jaguar XF as ‘best car of the decade’

British magazine names ‘iconic’ Jaguar XF as ‘best car of the decade’London, Sept 2: The Jaguar XF has been crowned the best car of the decade by a British car news magazine.

The Jaguar's British-built XF model scored 91 per cent in the poll of 300,000 readers of Auto Express magazine, The Sun reports.

The sporty executive saloon, which costs up to 64,000 pounds, topped a survey of motors'' ten main points, including reliability and performance, the report said.

Among other aspects readers voted on were the quality of build, running costs and comfort.

Oz coal mining company backs ArcelorMittal’s joint takeover bid

Oz coal mining company backs ArcelorMittal’s joint takeover bidMelbourne, Aug 31: Australia-based mining company Macarthur Coal has backed a revised takeover offer from ArcelorMittal and Peabody Energy Corporation.

ArcelorMittal and Peabody have raised their offer by three percent to 16 Australian dollars per share, valuing the deal at 4.8 billion Australian dollars.

Macarthur has been a takeover target in the wake of growing demand for coal, and the company has fended off four takeover bids in the last years.

Four Indians among MIT's top 35 innovators

Four Indians among MIT's top 35 innovatorsWashington, Aug 25:  Two Indians and two persons of Indian origin figure among Top 35 Innovators under 35 in the latest list of Massachusetts Institute of Technology's (MIT) Technology Review, the world's oldest Technology Magazine established in 1899.

Ajit Narayanan, Invention Labs, Chennai and Aishwarya Ratan, Yale University, who were part of TR35 India Winners announced in March 2011, have made it to the annual list of people who exemplify the spirit of innovation in business and technology.

MphasiS Shares Roll Down 14%

MphasiS Shares Roll Down 14%  In today’s trade, shares of renowned IT firm, MphasiS lost 14% during early trade on the Bombay Stock Exchange. The slump has strong influence from the company’s post indicating 28% decline in consolidated net profit for the quarter ended July 31 to Rs 194 crore.

In a statement, MphasiS claimed that the revenue was increased by 2.9% at $290 million in Q3 July 2011 over Q2 April 2011 whereas its operating and net margins for the quarter ended 31 July 2011 were observed to be 16% and

Reliance Securities launches investor awareness programme

Reliance SecuritiesMumbai, June 8 : Reliance Securities Limited, a part of Reliance Capital, Wednesday launched an investor awareness programme (IAP) that will cover over 150,000 investors across the country within fiscal 2011-12, a company official said.

India to be third largest investment destination for renewables this year: KPMG

KPMGNew Delhi, June 8 : India is the third most favoured destination globally for investments in the renewable energy sector and will also be a major source of new entrants into the sector, behind the US and China, according to a survey released Wednesday by global consulting firm KPMG.

The top five targeted countries for renewable energy investment are the US, selected by 53 percent of respondents, China (38 percent), India (35 percent) Germany (34 percent) and the UK (33 percent)," according to KPMG's annual survey of global renewable energy mergers and acquisitions titled Green Power 2011.

Godrej eyeing acquisitions in Asia, Africa

Godrej Consumer ProductsKolkata, April 7 : Godrej Consumer Products Ltd (GCPL) Thursday said it was looking for acquisitions in Asia, Africa and South America.

"If you ask about our company's stand in terms of overseas acquisitions, we are looking at right opportunities in basically three continents - Asia, Africa and South America," GCPL's executive vice president (marketing) Tarun Arora told reporters.

The company was focussing on home care, hair care and personal wash categories, he said.

Most Indian and Chinese companies are in Forbes 2010 'Asia- 50' list

Most Indian and Chinese companies are in Forbes 2010 'Asia- 50' listForbes' magazine has announced the list of Asia's biggest listed companies. The list has been dominated by the Indian and the Chinese companies. The market biggies like Infosys, TCS, ITC and Mahindra and Mahindra have been included in the list.

Moreover, 16 other Indian companies have also been included in the list. Some of the huge Chinese companies have also hold positions in the list of Forbes' magazine's 2010 of the Asia-Pacific's 50 biggest listed companies.

Centre announces cotton exports at 55 lakh bales

Centre announces cotton exports at 55 lakh bales The Centre has declared the maximum limit for the export of cotton to outside. In a statement, the government has said that maximum of 55 lakh bales of cotton will be allowed to export. This rule will be effective from
1st of October this year.

The Centre has also added that it would like to revisit the current policy structure of this particular commodity. By the mid of November, the policy makers will have a thorough review of the policies once again.

India should ban export of iron ore, says Assocham

AssochamIndustry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) said on Tuesday that India should totally stop the outflow of iron ore, even in the form of exports.

The situation is so serious, said the body that any kind of iron which has more than 60 per cent iron ore should be completely halted.

It said that while the miners are making super normal profits by exporting the raw mater, it is not good for the country. The perception that India has excess of iron ore is a myth and the Indian steel industry is in dire need of proper raw material.

Indian companies are expecting a business rise in 2010

CII-logoIndia Inc. is confident of better business prospects in the current financial year. After a global economic slowdown and recession now the market has shown some sign of recovery. The economic downturn has hit the Indian companies harshly.

Some of them have presented very poor performance during this period of time. But now these companies are looking forward to produce some good results in this year 2010.

BNP Paribas reports Q4 profit

BNP Paribas reports Q4 profitBNP Paribas SA reported that its net income _1.36 billion for the fourth-quarter of 2009 as compared with a loss of _1.37 billion recorded in the corresponding quarter previous year. France's largest bank reported net banking income for the latest quarter more than doubled to _10.06 billion from _4.85 billion in the fourth quarter of 2008. The bank purchased the Fortis's banking units in Belgium and Luxembourg for 10.4 billion-euro last year which made it the largest bank by deposits in the whole euro region.

Skype works hand in glove with Verizon

verizonVoice calls over the net company Skype has solidified its status quo by clinching a deal with the telecom major Verizon Wireless. Under the deal which will be implemented from the next month, users who have a smartphone shall be able to make calls using Skype. The Skype app shall be free for all the Verizon users. However, international calls shall be at the regular rate of 2.1 cents a minute i. e., cheaper than Verizon. Also, according to sources it is believed that Verizon shall permit the usage of Blackberry and Android handsets on its data network.

Simon to buy General Growth in a $10 million deal

simon.logoSimon Property Group Inc. has recently offered to acquire General Growth Properties Ltd. According to the reports the deal is valued at more than $10 billion, of which about $9 billion will be in cash. If the deal would be finalized, it would create a company that would control around 30% of the U. S. retail market. As currently Simon controls about 15% of the malls in U. S. and General Growth has the control of nearly 14% of the mall space in U. S. Simon offered more than $9 per share, including $6 per share in cash to General shareholders.

Steel giants Arcelor and POSCO gear up for new ventures in Karnataka

Steel giants Arcelor and POSCO gear up for new ventures in KarnatakaNew Delhi, Jan 8 : The world''s leading steelmakers ArcelorMittal and POSCO have plans to invest 14 billion dollars in India, despite a several delays in their existing and proposed projects in the country.

Karnataka Chief Minister B. S Yeddyurappa said this after meeting with steel magnate Lakshmi Niwas Mittal here on Thursday.

CII team to meet Indonesian leaders, captains of industry

CII team to meet Indonesian leaders, captains of industryNew Delhi, Aug. 3 : The Confederation of Indian Industry (CII) with the support of Embassy of India, Jakarta, and the Ministry of Commerce and Industry, Government of India, is organizing the "Made in India" (MII) exhibition from 7 to 10 August 2009 at Balai Kartini Exhibition Centre, Jakarta, Indonesia.

The MII will be inaugurated on August 7 (Friday) by Indonesia''s Industry Minister Fahmi Idris and Jyotiraditya Scindia, India''s Minister of State for Commerce and Industry.

Sharp to boost LCD panel production capacity in August

Sharp to boost LCD panel production capacity in AugustTokyo  - Japanese electronics company Sharp Corp plans to increase production capacity for liquid crystal display panels by about 10 per cent at a plant in western Japan, the company said Thursday.

Sharp decided to boost capacity to meet the rising global demand for thin television screens.

The company intends to raise the monthly level of glass substrate production at the plant to 100,000 units at the Kameyama plant in Mie prefecture starting in August.




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