Tag Archives: Company News
ICICI sells 4 billion Kingfisher loan to Srei Infrastructure Finance
As per latest business report, beleaguered Kingfisher Airlines is seeking repayment of its debts by selling assets held against their loans raising scope of outside investment. Loosing the hopes of lenders, as per source, one of Kingfisher’s lenders, ICICI Bank has sold about 4 billion rupees of the Kingfisher Airlines’s assets against debts to a [...]
Suzlon sells China plant for $60 million
Freshly business news, the world’s fifth largest India’s biggest wind power maker, Suzlon announced to combine development with an innovative partnership model with China. It is selling its Chinese subsidiary Suzlon Energy Tianjin to China Power (Tianjin) New Energy Development Company for $60 million. “We are re-aligning our strategy in the Chinese market with an [...]
Oracle says Keith Block to leave
The latest news, Oracle directed its executive vice president for North America sales and consulting, Keith Block to resign to pursue other opportunities in charge of criticizing his boss, Oracle Corp President Mark Hurd, company’s owner billionaire Larry Ellison said today, as per source report. Block is also responsible for make public the company’s Sun [...]
Infosys aims on products and platforms, says KV Kamath
With changes of time, India’s largest IT Company Infosys is in plan to move with its new business strategies to shift from traditional services business to products and platforms, as per saying by its Chairman KV Kamath on Saturday. Addressing the shareholders at the company’s 31st annual general meeting in Bangalore, Kamath told reporters, “The [...]
Maruti Suzuki sales drop 5 per cent in May 2012
Maruti Suzuki, the largest car manufacturer of the country has recently announced in its reports that the company’s May month sale has recorded a drop of 4.99 percent in total sales at 98,884 units. It is said in reports that Maruti Suzuki had sold 1,04,073 units in the month of May in 2011. However, in [...]
TRAI warns mobile operators for delay in number portability
There are two Telecom companies whose names are to be enlisted in the violating of MNP norms. The Telecom Regulatory allegedly Authority of India (Trai) has taken legal action against two largest companies of telecommunication, Bharti and Vodafone, for ruling out the mobile number portability (MNP) norms. A Trai official informed, “We have received their [...]
