Company News

L&T bags largest order worth $160 million from South America

Trading in SAS shares stopped amid takeover rumour

SAS GroupStockholm - Trading in the SAS Group, operator of joint carrier Scandinavian Airlines, was Friday halted on the stock exchanges of Copenhagen, Oslo and Stockholm.

The Stockholm stock exchange said the move was "until further notice."

The move came after the share price climbed some 10 per cent amid media reports that Lufthansa of Germany was considering a possible bid for the SAS Group. Lufthansa has in the past often been linked to SAS.

In common with several airline groups, SAS has posted losses over record-high fuel prices and a drop in passenger traffic. SAS Group spokesmen were not immediately available for comment.

Space not the final frontier for Olympic "magic pen" firm

Shenzhou-VIIBeijing - A place for its technology on China's next manned space mission, Shenzhou VII, symbolizes the ascendancy of the Huaqi electronics group from its origins as a "briefcase company" to the owner one of the country's top digital brands.

But the Beijing-based firm is also focussed on more important terrestrial frontiers for its Aigo brand of high-technology consumer products.

Company president Feng Jun said he started Huaqi in 1993 with just 200 yuan (29 dollars) as the electronics boom was getting under way in Beijing's Zhongguancun district, proudly dubbed "China's Silicon Valley" by some of its founders.

Singur Issue Is Still On

The small car project issue is complicating day by day with neither party willing to Singur Issue Is Still Onchange its stance. There were some hope two days ago, when an agreement was announced to break the impasse over Nano project at Singur.

Both Trinmool congress and state government were agreed on the deal evolved after meeting, but TATA expressed displeasure over the deal and separated itself from it.

BMW plans "megacity" car to go on sale 2015

Hamburg - BMW plans to include in its range by 2015 a "megacity" car more suited to crowded urban streets than to the open road, the German company's chief executive, Norbert Reithofer, said in an

Rasna forays into ‘Instant Tea Segment’

Rasna forays into ‘Instant Tea Segment’Rasna, the largest manufacturer and exporter of beverages and process foods from India, has decided to enter into instant tea segment.

This is the first time, the company well-known for its fruit and concentrated drinks, is venturing into the instant tea segment. The company plans to launch its 'Bollywood Chai' in global markets, including the US, the UK, Singapore and Australian market in shortly.

Presently, the company is carrying out market surveys in the UK, Singapore, Australia and other countries having a substantial section of people of Indian origin.

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