Essar Group has successfully completed acquisition of AGC Networks, previously known as Avaya GlobalConnect, including closure of the offer representing 20% of AGC Networks' outstanding shares. The total deal size was USD 61.4 million.
Essar acquires 79.13% in Avaya post open offer
Posted in Business by IndianPick 2 days ago (http://www.moneycontrol.com)
Royal Bank of Scotland to cut 3,500 jobs in UK
Posted in Business by IndianPick 1 day 6 hours ago (http://economictimes.indiatimes.com)
Royal Bank of Scotland announced another wave of job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
'Saffron' India's civilisation: BJP
Posted in Business by IndianPick 19 hours ago (http://economictimes.indiatimes.com)
The political row over home minister P Chidambaram's 'saffron terror' remark showed no signs of ebbing with BJP continuing to target him.
India says will ask Google, Skype for data access
Posted in Business by IndianPick 2 days ago (http://www.moneycontrol.com)
India on Wednesday launched a clampdown on major Internet communications firms, including Google and Skype, and began accessing some BlackBerry traffic in a campaign driven by security fears.
HP ups bid; 3PAR to end deal with Dell
Posted in Business by IndianPick 1 day 3 hours ago (http://economictimes.indiatimes.com)
Hewlett-Packard Co raised its offer for data storage company 3PAR Inc by $3 to $33 per share, after rival bidder Dell Inc raised its offer to $32, instead of bowing out as many expected.
Beer finds favour over spirits in slow recovery
Posted in Business by IndianPick 6 hours ago (http://economictimes.indiatimes.com)
Big brewers like Anheuser Busch InBev are seen as a better bet than spirit giants Diageo and Pernod Ricard to gain from the uneven world recovery.
Blasts rocks LoC, two IEDs recovered in Poonch
Posted in Business by IndianPick 2 days ago (http://economictimes.indiatimes.com)
An IED blast took place along the LoC in Poonch district where troops recovered two more explosive devices
Bhagwati Banquets And Hotels declares dividend at Re 1 per share
Posted in Business by IndianPick 6 hours ago (http://www.moneycontrol.com)
Bhagwati Banquets And Hotels at its meeting held on September 02, 2010 has declared dividend at 10% i.e Re 1 per share.
Maoists to decide fate of Bihar cops at peoples' court
Posted in Business by IndianPick 1 day 13 hours ago (http://economictimes.indiatimes.com)
Maoists in Bihar said they would decide the fate of four captive policemen at a 'jan adalat' or kangaroo court, as the second deadline set by them to release eight of their jailed leaders had expired.
Factory PMI slips but growth still strong
Posted in Business by IndianPick 2 days ago (http://www.moneycontrol.com)
India's manufacturing sector expanded for the 17th successive month in August, although at a slightly slower pace than in July, supported by strength in new orders.
NRIs face tax threat under Direct Taxes Code
Posted in Business by IndianPick 4 hours ago (http://economictimes.indiatimes.com)
NRIs face tax threat under Direct Taxes CodeNew DTC could bring global Indians under tax net as it does away with a provision that allowed individuals to escape tax in any country.
Govt starts anti-dumping probe
Posted in Business by IndianPick 1 day 2 hours 41 minutes ago (http://economictimes.indiatimes.com)
India has initiated a probe into alleged dumping of soda ash by countries like China, Iran and Pakistan to protect domestic players.
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