San Francisco: Cisco has made a bid to buy Skype for around $5 billion, before the privately-held internet phone company goes public, the influential Silicon Valley blog TechCrunch reported Monday. Skype allows users to make free internet telephone and video calls to other Skype users and charges relatively low rates for calls from computers to [...]
Helsinki:Lifted by robust demand on the India sector, Nordic carrier Finnair has reported a 26 percent growth in Asian traffic this summer. “The demand for Asian traffic is growing noticeably. We are increasing our capacity to destinations in Asia. Next summer, we will open a new non-stop route to Singapore,” said Finnair’s president and chief [...]
New Delhi: HCL Infosystems Thursday said it has acquired a 60 percent stake in NTS Group, a leading Dubai-based IT services and solutions company. Though the company did not divulge the the size of the deal, according to market analysts, it was about $6.5 million. The acquisition of NTS will now help HCL Infosystems expand [...]
New York: Yahoo wants to decrease the number of its shareholders and will buy back up to $3 billion in stocks over three years, the internet search company said Wednesday after its board approved the move at its recent annual meeting. Re-purchasing of stocks is generally designed to raise value by limiting the number of [...]
Washington: Two Indian women – Roshni Nadar and Nisha Godrej – have been listed among Forbes magazine’s list of “a breed of heiresses who choose to live a lower-key life … and working to make a difference behind the scenes.” In its latest annual list of notable heiresses, the US business magazine said it “focused [...]
Kolkata : Future Generali India Life Insurance Company, a joint venture between Future Group of India and Generali Group of Italy, has registered 255 percent growth in total premium for 2009-10. “In the company’s second full year of operations ending March 31, 2010, the total premium income amounted to Rs.541.51 crore,” a company statement said [...]
Seattle : Online retail giant Amazon reported a 68-percent jump in earnings Thursday as it continued to boost sales and gain market share. The Seattle-based retailer said it earned net income of $299 million, compared to $177 million a year ago. Revenue grew 46 per cent to $7.13 billion. The company’s best seller was its [...]
Caracas (Venezuela) : China would provide $20 billion to Venezuela for a “large volume and long term” financing plan in exchange for more petroleum, Venezuelan President Hugo Chavez has said. China will contribute financing of $20 billion” to help with development in Venezuela under conditions that in no way have anything to do with the [...]
Kolkata : The UK-based private bank, Duncan Lawrie, began its operations in India Tuesday opening an office here. “Our representative office in Kolkata would be marketing portfolio management services and would target high net worth clients whose funds would be managed by our office in England,” the bank’s managing director P.J. Field told reporters on [...]
Dubai: Private companies in UAE contributed an amount of more than $350 million to the country’s total capital in 2009, according to latest statistics. A total of 15 new private companies were registered last year, out of which nine are investment companies while two each are from real estate and finance and one is from [...]