Company Updates

Spice To Make Investment In Satyam If It Offers Majority Stake

Spice To Make Investment In Satyam If It Offers Majority StakeSpice Group has evinced interest in acquiring stake in the fraud-hit IT company.

The group said that it would invest in Satyam Computer Services only if the software company gives the majority stake in it.

The Company Law Board (CLB) on Thursday sanctioned Satyam’s plan to raise its capital to sell around 26% to a strategic investor via preferential allotment of shares.

Bharti Airtel hikes its stake in Bharti Hexacom to 70%

Bharti Airtel hikes its stake in Bharti Hexacom to 70%Bharti Airtel, Asia's leading integrated telecom services provider on Friday said that it has hiked its stake in Bharti Hexacom to 70 per cent by acquiring 1.1 per cent from a Kuwait-based firm.

Under the deal, Bharti Airtel Ltd has acquired 1.11 per cent stake, or 2,780,306 equity shares, in Bharti Hexacom Ltd from Mobile Telecommunications Co, KSC, Kuwait.

With this latest acquisition, the company's shareholding in Bharti Hexacom stands higher at 70 per cent from 68.89 per cent.

Farm equipment maker Deere sees profits fall 45 per cent

Farm equipment maker Deere sees profits fall 45 per centNew York  - Deere and Co, the world's largest maker of farm equipment, Wednesday posted a 45-per-cent drop in profits, to 204 million dollars, citing the recession and tight credit situation that constrains farmers from buying new machines.

Revenues sank slightly by 1 per cent, to 5.1 billion dollars, and could be further hurt by a drought in Latin America, the company said.

The company also lowered its projections for 2009 from 1.9 billion dollars to 1.5 billion dollars.

Starbucks launches ‘affordable instant coffee’

Starbucks London, Feb.

Promoters of Bombay Dyeing pledged 12.88% shares

Promoters of Bombay Dyeing pledged 12.88% sharesThe textile and real estate firm, Bombay Dyeing & Manufacturing Co Ltd disclosed share pledged by investors following the directives of market regulator, the Security and Exchange Board of India to divulge shares pledged by promoters of all listed companies.

The promoters of firm pledged 12.88 per cent or almost 5 million shares, as per its revelation before the National Stock exchange (NSE) under Regulation 8A of Securities and Exchange Board of India.

Fujifilm comes out with its latest 10-megapixel FinePix Z30

Fujifilm comes out with its latest 10-megapixel FinePix Z30Fujifilm has announced its new 10-megapixel FinePix Z30. The exclusive features include fairly basic ultracompact camera with a 3X optical zoom and 2.7-inch LCD.

There are some other features too which makes it quite different from other youth-oriented models.

Apart from having face detection and automatic scene recognition to help with fast shooting, the camera also has a Blog Mode (a carryover from the Z20fd) that apparently preps shots and video so they can go right online for sharing.

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