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Yahoo door ajar, MS can swoop in as white knight (17 May 01:16) |
| Software giant aim to create an online powerhouse remains intact; probability of a friendly deal increases. |
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Jet to start San Francisco to Mumbai, Shanghai (16 May 06:31) |
| Jet Airways will commence daily service out of San Francisco International Airport to Shanghai and Mumbai from June 14, giving Bay Area travellers another choice when flying to India. |
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Icahn to Yahoo: Revive MS talks or lose control (16 May 05:33) |
| Billionaire investor Carl Icahn has threatened to seek control of Yahoo! Inc’s board if the internet company didn’t revive takeover talks with Microsoft Corp over its failed $47.5 billio... |
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Lanka rechristened as Tata Communications Lanka (16 May 05:11) |
| VSNL Lanka Ltd has been renamed as Tata Communications Lanka Ltd, following the global launch of Tata Communications as the new corporate identity for VSNL. |
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‘The oil shock is about to come’ (16 May 05:11) |
| Bill Emmott, former editor of The Economist, talks about the economic and social changes that China and India are destined to go through in the days to come. |
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Blackstone has $66.5m loss as LBOs dry out (16 May 05:07) |
| The loss excluding some compensation costs was 6 cents a share, compared with a profit of $838.5 million, or 75 cents, a year earlier, the company said on Thursday in a statement. |
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Indiabulls’ $190m Reit is ready to list (15 May 05:33) |
| The property trust’s initial portfolio will consist of two commercial property developments in Mumbai |
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China's grain reserves reported safe after quake (15 May 12:28) |
| China's national food grain management company Wednesday said the grain reserves in quake-hit regions were mostly safe although there were some damages to granaries by the devastating jolt. |
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Bharti, MTN may arrive at ‘merger’ (14 May 06:42) |
| Is a decision on the MTN-Bharti deal expected by May 22? Perhaps, if the rescheduling of the annual report of South African telecom group, MTN, is anything to go by. |
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HP to acquire EDS for $13.9 billion (14 May 06:40) |
| The purchase is Hewlett-Packard’s largest since the $18.9 billion takeover of Compaq Computer Corp, led by chief executive officer Mark Hurd’s predecessor, Carly Fiorina. |
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Libor shake-up likely as credibility dips (14 May 06:39) |
| The BBA, an unregulated London-based trade group, sets Libor by polling 16 banks each day on the rates they pay for loans in dollars, British pounds, euros and eight other currencies |
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Australia coal-mine floods raise costs of cars, planes (14 May 05:30) |
| Coking coal prices have tripled in the last one month as mines in the key production belt remained submerged. |
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Turning down the volume on TV commercials (14 May 05:19) |
| Despite regulatory guidelines, consumers claim channels continue to turn up the volume during advertising breaks to grab their attention. |
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Disney to create lab for testing hi-tech ads (14 May 05:17) |
| Will people remember three second video ads on their mobile phones? Do high definition commercials on big screens get people’s hearts racing more than other pitches? |
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SriLankan Airlines offers free IPL tickets (13 May 08:27) |
| SriLankan Holidays has unveiled packages that include tickets for the semis, final, return economy class airfare, star class accommodation with breakfast, hotel transfers, a city tour and fu... |
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Etisalat has eyes on MTN, too (13 May 04:19) |
| UAE’s Emirates Telecommunications Corp (Etisalat) said it is evaluating a possible bid for South Africa’s MTN, a potential target of India’s top mobile operator, Bharti Airtel. |
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Chinese manufacturers moving bases (13 May 04:05) |
| Edward Kang spent 15 years building textile maker Ever-Glory International into a symbol of China’s world dominance in cheap clothes, shoes and toys. |
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What’s prime time in the age of DVRs? (13 May 04:01) |
| Thanks to the likes of TiVo, while overall usage of TV is steady, linear broadcasts favoured by advertisers are declining. |
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M&C Saatchi sets up digital unit (13 May 03:52) |
| The UK-based global advertising agency has been busy putting together the leadership for this unit over the last few months. |
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Playboy chief talks of transformation (13 May 03:51) |
| After reporting Q1 losses, CEO Christie Hefner says the company is shifting focus to new initiatives like casinos, men’s perfume and videos on YouTube |
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Venezuela nationalises largest steel maker (13 May 02:30) |
| Venezuelan President Hugo Chavez has signed a decree to nationalise the country's largest steel maker Sidor, the culmination of a re-nationalisation process that began last month. |
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'Africa fastest growing market for telecom' (13 May 01:58) |
| Africa has been the fastest growing market worldwide for communication technology in the past three years and will emerge as an important market for the industry. |
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Japan's Pioneer to cut 2,000 jobs: report (13 May 12:45) |
| Troubled Japanese electronics maker Pioneer Corp plans to cut 2,000 jobs as it restructures its plasma television operations in an effort to return to profit. |
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Oil eases below US $ 124 a barrel (13 May 12:41) |
| World oil prices today eased further, trading below US $ 124 a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported. |
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Dubai-style island resorts planned on the Thames (12 May 08:29) |
| The plan to reclaim two stretches of land in the Thames estuary between Kent and Essex and turn them into resorts was drawn up by Sir Terry Farrell, architect of the MI6 headquarters in Lond... |
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Vodafone not to bid for MTN, says media report (12 May 08:16) |
| Contrary to reports that Vodafone is planning to bid for South Africa's MTN, the UK-based firm has said it is not in the race to acquire the African mobile major. |
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Air Arabia Q1 net profit up 81 percent (12 May 06:32) |
| Air Arabia has announced a net profit of 78 million dirhams ($21.2 million) in the first quarter of 2008, an 81 per cent rise from the corresponding period last year. |
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NRIs seek compensation for rupee appreciation (12 May 06:27) |
| Indian expatriates in UAE have demanded a compensation package from the Indian government as appreciation of the Indian rupee had impacted their remittances back home. |
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Myanmar to supply rice to Sri Lanka (12 May 05:11) |
| Cyclone hit Myanmar has agreed to go ahead with its contractual rice export obligations that will benefit the Sri Lanka to meet its requirements. |
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Kingfisher Airlines eyeing Lankan operations (12 May 05:09) |
| India's private air carrier Kingfisher airlines is planning to operate flights to four more destinations including Sri Lanka by the year end. |
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Oman Air sees growth in passenger transport (12 May 03:59) |
| Oman Air has said it carried double the number of passengers in the first quarter this year as compared to same period last year, including those travelling to India. |
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World begins to smart as oil sets a scorching pace (12 May 03:23) |
| From the poorest of Africa to the US and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone. |
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Crude shock, economic woes may hinder climb (12 May 03:20) |
| US stocks are within spitting distance of crossing a milestone this week that could propel the market out of its trading range, but surging oil prices and economic uncertainty pose obstacles... |
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‘More visas, more market access’ (12 May 03:19) |
| Commerce and industry minister Kamal Nath, in New York to promote his new book and meet with US trade representative Susan Schwab, said in an interview. |
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Sri Lankan hotelier Aitken eyes India (12 May 03:04) |
| Aitken Spence & Co, Lanka’s biggest operator of resort hotels, will focus on India, the Maldives and Oman to boost profit as escalating violence deters tourists from visiting the South Asi... |
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China inflation rises to 8.5 pc in April: Govt (12 May 02:25) |
| China's inflation rate rose to 8.5 per cent in April, bouncing back to hover near 12-year highs, bringing more pressure on government to tame rising prices, identified by it as the biggest c... |
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Oil prices ease in world trade (12 May 12:53) |
| World oil prices eased but remained above $125 today after an inflow of investment funds and supply worries helped push costs to another record high, analysts said. |
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B'desh happy at improving trade ties with India (11 May 05:29) |
| Bangladesh is happy at its improving trade relations with India and wants its entrepreneurs to grab opportunities that were not available to them earlier. |
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China to manufacture its very own jumbo jet (11 May 12:54) |
| China is set to unveil its own jumbo jet manufacturing company here on Sunday, marking a crucial stage for the country's research and development of giant passenger planes. |
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Freight charges hit Pak cement exports to India (10 May 07:25) |
| Pakistan's cement exports to India have slowed down because of rising freight charges and non-availability of railway wagons despite increasing orders, say exporters. |
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World's largest reinsurance company launched (10 May 07:22) |
| Dubai Group has launched of the world's largest reinsurance company, ACR ReTakaful Holdings, in collaboration with two southeast Asian companies - Khazanah Nasional and Asia Capital Reinsura... |
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Makati backs Mittal, MTN deal nears (10 May 04:12) |
| The Bharti Airtel chairman cut short his “working holiday” and returned from London on Friday, after “advanced negotiations” with Phuthuma Nhleko, the CEO of MTN. |
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Citigroup plans to shed about $400bn of assets (10 May 04:06) |
| Citigroup Inc chief executive officer Vikram Pandit said he plans to shed about $400 billion of assets over the next three years as part of his plan to return the biggest US bank to profitab... |
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US trade deficit at lowest (10 May 03:50) |
| The US trade deficit narrowed more than forecast in March as imports dropped by the most in more than six years, reflecting the economic slowdown. |
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Financial bubbles demand strict regulation (10 May 03:30) |
| Countries must engage in the overdue effort to build better, more equitable global governance, not least relating to the financial sector. |
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Emerging market buyers to rule M&As (10 May 03:06) |
| EM buyers closed out over 400 deals last year totaling $192bn. The majority of these were for EM assets, totaling $112bn, while the remaining $80 billion went into buying assets in Western m... |
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Indian wines to challenge top global brands (10 May 01:32) |
| In next 50 years, India's growing wine industry is likely to challenge the supremacy of traditional wine-making countries, a report has said. |
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Promethean India invests $1mn in US-based Obopay (09 May 09:34) |
| Promethean India has invested $1mn during a fresh round of funding in US-based Obopay, in which Essar Communications Holdings has a strategic stake. |
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Esmark in legal tangle with ArcelorMittal (09 May 08:44) |
| Esmark is caught in a legal tangle with global steel giant ArcelorMittal, which is seeking over Rs 2,000 crore in damages for defaulting on a billion-dollar deal. |
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No fresh communication from Tatas: Orient-Express (09 May 05:35) |
| Orient-Express Holdings, owners of luxury hotels and trains, has said there has been no fresh communication from India's Tata Group for a strategic alliance between them. |
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