Shreyas Shipping & Logistics Ltd has sold its vessel `M V OEL Aishwarya` for USD 972,637.20. The company is facing the heat of global financial crisis and posted record losses in the September quarter of this financial year.
The funds from recent sell out would help to overcome liquidity problem being faced by company following global financial crisis.
The company posted loss of Rs 19.46 million in the reporting quarter while recorded profit of Rs 60.31 million in the same quarter last year. Its net sales registered an increase of 30.55% to Rs 539.58 million.
London - The husband of troubled British soul singer Amy Winehouse is seeking a divorce on the grounds of her adultery, his solicitor confirmed in London Monday.
The world's top auto company, Toyota is in touch with South Korean company POSCO to get steel for its operations. Toyota Motor Corp. is suffering losses due to low sales and has been employing various cost cutting methods to mitigate the impact of global slowdown. Entire automobile sector is facing the heat of global slowdown with significant decline in sales.
The Union Ministry of Communications & Information Technology has provided 4.4 MHz of Spectrum in 1800 MHz GSM band to Unitech Ltd for the West Bengal telecom circle. The company has announced that it would soon start telecom services in the West Bengal Service Area.
La Serena, Chile - The end of the 2009 Dakar Rally in Argentina and Chile is still a week away, but it is already clear that it will be one of the toughest editions in history, even before the Atacama Desert almost certainly makes things worse from Tuesday.
Prague - An ally of eurosceptic Czech President Vaclav Klaus launched a political party that aims to campaign against the European Union's Lisbon Treaty and run in June's European Parliament polls.
