Internet services major Yahoo Inc. has decided to close its Briefcase online storage service, having Web 1.0 capacity of 30MB, from March 30. The move is aimed to reduce costs by closing some operations in the midst of global financial crisis and tight liquidity conditions prevailing in the world.
The development came after the appointment of Carol Bartz as it Chief Executive, who is doing her best to control tough situation caused due to slump in online advertisement, a major source of revenue of Yahoo!
Belgrade - Russian energy giant Gazprom completed the purchase of a majority stake in the Serbian oil monopoly NIS Monday by wiring 400 million euros (512 million dollars) to Belgrade.
Serbia and Gazprom agreed the sale of 51 per cent of the NIS capital a year ago, but the deal was delayed by early elections in Serbia, as well as a strife within the new ruling coalition.
Economy Minister Mladjan Dinkic had criticized the deal as unfavourable for Serbia, but his objections faded as the financial crisis began taking its toll in Serbia.
A 25.39 per cent rise in profit after tax (PAT) to Rs 604.11 crore in the third quarter has been posted by Larsen & Toubro (L&T), the country's largest engineering and Construction Company; the credit of which goes to the strong growth in engineering and construction business.
However, the one-time gain of Rs 916 crore has been excluded by PAT, which the company made from the sale of its ready-mix concrete business to Lafarge SA. The quarter's profit, including the one-time gain, tripled to Rs 1,520.44 crore.
A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore.
A lower net profit of Rs 219 crore was reported by telecom business, due to a hit by the start up costs in Mumbai and Bihar.
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
Japan's Kyodo News Agency quoted sources familiar with the talks saying that Fujitsu, another Japanese electronics giant, may join the deal.
Internet services major Yahoo Inc. has decided to close its Briefcase online storage service, having Web 1.0 capacity of 30MB, from March 30. The move is aimed to reduce costs by closing some operations in the midst of global financial crisis and tight liquidity conditions prevailing in the world. 
Belgrade - Russian energy giant Gazprom completed the purchase of a majority stake in the Serbian oil monopoly NIS Monday by wiring 400 million euros (512 million dollars) to Belgrade.
A 25.39 per cent rise in profit after tax (PAT) to Rs 604.11 crore in the third quarter has been posted by Larsen & Toubro (L&T), the country's largest engineering and Construction Company; the credit of which goes to the strong growth in engineering and construction business.
A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore. 
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
It was confirmed by Kalpataru Power Transmission on Thursday that it has acquired an order
