In order to continue with its aggressive expansion planning, country’s fixed line and broadband operator, Tata Communications (formerly VSNL) has approached the government, a 26 per cent shareholder, for a rights issue to raise Rs 1,000 crore and another Rs 2,000 crore through debt to finance acquisitions in the US and the UK and bid for spectrum for wireless broadband.
It is believed that the operator is trying its best to raise equity since early last year, yet, the state has not approved any of the company’s previous proposals.
German luxury carmaker, Audi India reported three-fold increase in its luxury cars sales in 2008, at a time when entire automobile sector is facing the heat of global slowdown. Audi sold 1,050 units in the country in the year 2008 as compared to 349 units during the previous year.
Washington, Jan 8 : If recycled paper and plastic products were not enough, Motorola has now launched a cell phone made from recycled plastic water bottles.
Called the MOTO W233 Renew, the mobile phone not only boasts plastic exterior made from recycled material, but also the device is the first "carbon neutral" phone, said the company.
"Through an alliance with Carbonfund. org, Motorola offsets the carbon dioxide required to manufacture, distribute and operate the phone through investments in renewable energy sources and reforestation," All Headlines News quoted Motorola as saying in a press release.
Satyam Computer Services former Chairman B. Ramalinga Raju can face up to 10 years imprisonment together with a fine, which may expand to Rs 25 crore, in the financial scam, which led to erosion of investors wealth by socking Rs 10,000 crore in one day.
Stock market controller SEBI has already asked for a full-fledged enquiry into the matter in order to find out if Raju has breached the different rules relating to dealings in stock market.
New Delhi - Employees of India's software major Satyam, that has been rocked by a 1.45-billion-dollar accounting fraud, were uncertain about their future as business leaders worried about the scam's impact on corporate India, media reports said Thursday.
Satyam chairman B Ramalinga Raju quit Wednesday after admitting that the company, India's fourth-biggest software firm, had been manipulating its accounts over years by inflating cash and bank balances.
Beijing - Chinese-owned computer maker Lenovo on Thursday said it plans to lose about 2,500 staff, or 10 per cent of its global workforce, in the next three months.
The redundancies are a key part of a restructuring package designed to save Lenovo some 300 million dollars in its next financial year, which begins on April 1, the company said in a statement.
Lenovo, owned by China's Legend group, said it expects to announce a loss for the three months to December 31 last year, following a sharp drop in net profit for the previous quarter.
German luxury carmaker, Audi India reported three-fold increase in its luxury cars sales in 2008, at a time when entire automobile sector is facing the heat of global slowdown. Audi sold 1,050 units in the country in the year 2008 as compared to 349 units during the previous year. 
Washington, Jan 8 : If recycled paper and plastic products were not enough, Motorola has now launched a cell phone made from recycled plastic water bottles.
Satyam Computer Services former Chairman B. Ramalinga Raju can face up to 10 years imprisonment together with a fine, which may expand to Rs 25 crore, in the financial scam, which led to erosion of investors wealth by socking Rs 10,000 crore in one day.
New Delhi - Employees of India's software major Satyam, that has been rocked by a 1.45-billion-dollar accounting fraud, were uncertain about their future as business leaders worried about the scam's impact on corporate India, media reports said Thursday.
Beijing - Chinese-owned computer maker Lenovo on Thursday said it plans to lose about 2,500 staff, or 10 per cent of its global workforce, in the next three months.
