TNM

Marks & Spencer to record another fall in sales

Marks-and-SpencerUK's clothing retailer, Marks & Spencer is expected to record another fall in sales, indicating that the retailer is facing difficulties even as it is focusing on reviving business during the previous few months.

Sun Pharma to acquire Ranbaxy for $3.2 billion

Sun-PharmaIndia's largest drug maker by market value, Sun Pharmaceutical Industries has indicated that it is planning to buy Ranbaxy Laboratories in a deal valued at $3.2 billion in stock.

The acquisition will be the biggest by any Indian company in two years. Under the terms of the deal, Ranbaxy investors will get 0.8 share in Sun for every one share in Ranbaxy, the two pharmaceutical giants said in a statement. The deal values the shares at about 457 rupees a share, or about 24 percent higher than the 60-day average.

Regulators record higher complaints against energy firms

OfgemData released by the Ombudsman Services have showed an increase in the number of complaints against energy companies during the first quarter of the year.

The data showed that the number of complaints recorded an increase of 224 per cent to 10,638 during the first quarter compared to 3,277 recorded during the first quarter of 2013. The data showed that the number of complaints will be higher in 2014 as there were a total of 17,960 complaints during the previous 12 months.

HS2 project to impact plant species, report

HS2According to a new report, the high speed rail link project to connect the British capital, London and the north of England might have an impact on some plant species.

The report said that the project might result in some plant species becoming endangered in the area while on the other hand it is likely to offer only a small emission savings. The report from the House of Commons Environmental Audit Committee said that the authorities will have to adopt better safeguards in order to address the issues relating to the environmental impact of the proposed HS2 link project.

CFO survey shows UK firms optimistic over hiring and investments

DeloitteA new survey of chief financial officers (CFOs) in the UK has showed that the financial decision makers are looking to increase hiring and investment during the coming 12 months.

The survey conducted by professional services group Deloitte on a quarterly basis showed that 81 per cent of those surveyed showed that British businesses are planning to increase the number of employees, about 80 per cent said that they expect higher capital expenditure and 95 per cent expect increased mergers and acquisitions.

HAL to tie up with IAF for projects

HAL to tie up with IAF for projectsIndian aircraft maker, Hindustan Aeronautics Limited has tied up with its prime customer, Indian Air Force to form joint teams to look into projects that are between the two sides.

The HAL and IAF will form teams to work out joint plans for ongoing military aircraft projects. The joint teams will address issues  related to the projects and aim at prompt delivery. HAL officials have said that project-specific plans and teams will be formed within this month.

NAMA's sells $5.4bn worth of loans

NAMA's sells $5.4bn worth of loansNAMA is planning to sell loans with a face value of £4.5 billion or $5.4 billion that are linked to the company's Northern Ireland borrowers.

This will be the company's biggest sale since it was established in the year 2009. Cerberus Capital Management is believed to have paid a higher price than NAMA's reserve of 1.3 billion indicating that the it is valued at about 28 pence to the pound.

NZ's LanzaTech to move to the US

NZ's LanzaTech to move to the USLanzaTech of New Zealand has indicated that it is planning to move its business to North America.

The firm is known to have links with US President Barack Obama's re-election campaign manager. The company has received $14.2 million in taxpayer funding with GSR since September 2005. The company has said that it is planning to move 30 employees from New Zealand.

Tweed begins trading on TSE

Tweed begins trading on TSETweed Marijuana, which is the first publicly traded producer of Marijuana in Canada, has started trading on the Toronto Stock Exchange.

The company recently emerged from the private placement price and made its debut on the stock exchange. The shares of the company recorded an increase of C$2.59 at this evening, which is 191 percent higher than the issue price of 89 cents based on a private placement on March 7.

Judge to dismiss lawsuit against Lululemon

Judge to dismiss lawsuit against LululemonA judge in a US court has dismissed a lawsuit against Lululemon Athletica that accused the company of duping its shareholders by concealing certain defects in some of its yoga pants.

The law suit resulted in an expensive recall and caused the retailer's stock price to fall in the stock market. Investors have accused the company of not disclosing that its black Luon yoga pants were too sheer, it had quality control issues and covered its inability to address shortfalls.

Australian regulator to evaluate Boral-CSR tieup

Australian regulator to evaluate Boral-CSR tieupRod Sims, the head of the Australian Competition and Consumer Commission has said that thr regulator will evaluate a proposal under which Boral and CSR are planning to combine their east-coast brick operations.

The proposed $230 million joint venture will give more than half the market in some states to the joint venture. The joint venture will help adress issues relating to lower use of bricks in home building, high energy costs and excess capacity in the industry.

IOC launches sale of 5-kg FTL cylinders through retail stores

IOC launches sale of 5-kg FTL cylinders through retail storesState-run energy giant Indian Oil Corporation (IOC) on Friday launched sale of 5-kg Free Trade LPG cylinders through kirana stores and supermarkets in select cities of the country.

Announcing the move, IOC said in a statement that it started sale of the small LPG cylinders from kirana stores and supermarkets in Aligarh, Bangalore, Chennai, Gorakhpur and Lucknow.

Sprint’s new ‘Framily’ plan offers up to $650 in credit

Sprint’s new ‘Framily’ plan offers up to $650 in creditOverland Park-based mobile phone carrier Sprint has announced a new 'Framily Switching Bonus' plan that offers a credit of up to $650, which includes a prepaid Visa card for every new subscriber for switching carriers.

The new plan, which has been launched for a limited time period, offers new subscribers who switch their phone number to Sprint a credit of up to $300 for a trade-in phone and a Visa Prepaid Card credit of up to $350 to cover contract termination fees. 

India moves a step closer to have its own GPS

India moves a step closer to have its own GPSWith the successful launch of its second dedicated navigation satellite IRNSS-1B on Friday, India has inched closer to have its own Global Positioning System (GPS) equivalent.

The 1,432-kg satellite was launched from the Indian Space Research Organisation's (ISRO's) Sriharikota, Andhra Pradesh-based Satish Dhawan Space Centre.

State-owned ISRO said in a statement that India's indigenous Polar Satellite Launch Vehicle (PSLV-C24), carrying the IRNSS-1B satellite, blasted off at 5.14pm and placed the satellite into a preliminary orbit nineteen minutes after the lift-off.

BAOA objects to DGCA’s surprise inspections of private jets

BAOA objects to DGCA’s surprise inspections of private jetsThe Business Aircraft Operators' Association (BAOA) on Friday objected to the Directorate General of Civil Aviation's (DGCA's) recent surprise inspections of private planes and the publicizing of the inspection reports.

SAIL advised to widen its international presence

SAIL advised to widen its international presenceThe government wants Steel Authority of India Limited (SAIL) to further extend its reach in the international market presence by offering more value-added steel products in emerging economies.

The piece of advice was given by Steel Secretary G.  Mohan Kumar yesterday, during a review of the performance of the state-run steel producer at its central marketing organisation (CMO) headquarters in Kolkata.

Mr.  Kumar said that the steel giant should "further widen its international presence and reach value-added steels to newly emerging markets" across the globe.

Indian firms employ over 1 lakh people in UK: report

Indian firms employ over 1 lakh people in UK: reportIndian companies are playing an important role in brining the British economy back on the path of sustainable growth by generating new jobs, an analysis of figures compiled by consultancy firm Grant Thornton LLP showed.

According to a report prepared by Grant Thornton LLP prepared in partnership with the Confederation of Indian Industry (CII), more than seven hundred Indian companies in the UK employed more than one lakh people, providing a big boost to the economy.

Vodafone to open 150 new stores in the UK

VodafoneBritish telecom giant, Vodafone has said that it is planning to open 150 new shops and create 1400 new jobs across the UK during the coming 12 months.

The plans will increase the company's total investment in the country to £1 billion during 2014. The company is the biggest mobile providers in the UK and serves over 19 million UK customers across the country. Vodafone is aiming to offer indoor and outdoor 2G, 3G and 4G coverage to 98 per cent of the UK population by 2015.

Cable says houses are unfordable to middle earners

Cable says houses are unfordable to middle earnersVince Cable, UK's Business Secretary has warned that the housing prices are high in the UK and houses are unaffordable for the middle earners in the country.

Cable has said that ordinary families will not be able to buy the houses in the country as the market faces risk of a housing market 'bubble'.

Osborne dismisses allegations of pressure in Lloyds deal

Osborne dismisses allegations of pressure in Lloyds dealUK's Chancellor George Osborne has dismissed suggestions that there was undue pressure in the Lloyds deal and said that the UK government did not put "undue pressure" on the Co-op to buy the branches.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content