Company News

Vishal Info to issue shares to satisfy fund needs

Vishal Info to issue shares to satisfy fund needsIT major Vishal

NALCO asked for import duty on Chinese Aluminium

NALCOPublic sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.

NALCO's chairman, C. R. Pradhan, said, "They may fix it at 10 percent, 15 percent or they may fix it higher. A 10-15 percent duty at present scenario will protect the prices
(from falling)."

Report: General Motors bondholders criticize restructuring plan

Report: General Motors bondholders criticize restructuring planNew York - A group of bondholders at the centre of General Motors Corp's struggle to survive have criticized the US carmaker's restructuring efforts, the Wall Street Journal reported Thursday.

GM faces pressure to strike a deal that would reduce its 27 billion dollars in debt by March 31, or risk losing 13.4 billion dollars in government loans.

The carmaker this week said it may need as much as 16.6 billion dollars more in emergency federal funds to survive a massive industrywide downturn since October.

IPL controversy led to resignation of Sony CEO

IPL controversy led to resignation of Sony CEOThe ongoing BCCI-Sony controversy, over sponsorship deals for IPL matches, paves a way for resignation of Sony Entertainment CEO, Kunal Dasgupta. BCCI, while tightening noose around Sony, also threatened to terminate the broadcaster's IPL rights if its losses are not met by the broadcaster. BCCI believes that deal of Airtel with Sony is the main reason for walked out of Reliance-ADAG, leading large scale revenue loss to the cricket control body.

Improved home NAS server unveiled by Western Digital

Improved home NAS server unveiled by Western Digital  Western Digital on Wednesday launched its latest network-attached storage (NAS) server that basically is the updated version of the My Book World Edition NAS server and which might be the first server that would be quite easy to use as compared to older NAS devices that use to complicate the matter by offering a lot more than just simple plug-and-play network storage, which use to confuse the beginner home users. 

Hulu disconnects itself from Tv.com

Hulu disconnects itself from Tv.com  The content by American web TV portal Hulu.com has been yanked its content off CBS-owned TV.com. This happened after the site’s recent re-launch as a potential rival for ad-driven streaming television.

Basically, Hulu is a JV between media giants NBC and News Corp and both are CBS competitors. However, Hulu signed on to TV.com early as a distribution partner. Since the TV.com concentrated on being a community site based on user-created content that just happened to present some syndicated content, the pact worked. 

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