TNM

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.

FCA to probe 30 million insurance policies

FCA to probe 30 million insurance policiesFinancial Conduct Authority (FCA) has indicated that it is planning to launch an investigation into some 30 million policies that were sold by insurance companies from the 1970's to the year 2000.

The shares of insurance companies fell significantly after the report were released prompting the FCA to issue a clarification into the investigation. Some experts had accused the FCA of breaching its own rules by releasing information that is sensitive to the market.

McIlwee to step down as Tesco finance director

McIlwee to step down as Tesco finance directorLaurie McIlwee has indicated that he is planning to step down as the finance director UK's retail giant, Tesco just days before the company is expected to announce a fall in profits.

Investors had expressed concerns over a fall in the company's profits at its central European unit without prior warnings form McIlwee. Media reports said that McIlwee had disagreements with Chief Executive Philip Clarke and the two had clashed over certain issues. Clarke and McIlwee had different views on the company's new strategy.

Emerging markets’ business output slips for fourth consecutive month in March: HSBC

Emerging markets’ business output slips for fourth consecutive month in March: HSBCSluggish demand and political uncertainty continues to keep business activity across emerging markets under pressure, HSBC's composite emerging markets index (EMI) revealed.

HSBC's composite EMI of manufacturing & services purchasing managers' survey tumbled from 51.1 in February to 50.3 in March. It was the fourth monthly decline in business activity across emerging markets in a row.

ONGC wants govt. to increase deep-sea gas price to nearly $13 a unit

ONGC wants govt. to increase deep-sea gas price to nearly $13 a unitOil & Natural Gas Corporation (ONGC) has told the government that it might have to put its deep-sea gas production plans on hold till gas prices are increased to nearly $13 per unit.

The state-run oil & gas giant said production from some of its deep-sea fields would not be viable at prices lower than $13 a unit. The company has asked for prices of $10.72 to $12.63 for gas to be produced from two blocks in the Mahanadi basin.

Airlines continue to launch aggressive discount schemes

Airlines continue to launch aggressive discount schemesCivil aviation regulator DGCA might have ordered SpiceJet to withdraw its special Re 1 scheme, but that failed to discourage rivals from announcing discount schemes of their own.

GoAir and IndiGo have announced special schemes that offer discounts of up to 30 per cent to 40 per cent on advance purchases of tickets for travel between July and March 2015.

Air India too has launched its Monsoon Bonanza scheme, for the travel before September 2014. To avail the discounts, tickets must be booked during April 3 to April 5.

Rupee’s fall being linked to RBI’s dollar buying spree

Rupee’s fall being linked to RBI’s dollar buying spreeThe ongoing depreciation in the value of rupee is being linked to suspected dollar buying by the Reserve bank of India (RBI).

The partly-convertible Indian rupee traded at 60.30 per U. S. dollar in morning session on Friday, at a weaker level than its previous close of 60.1650/1750 per dollar.

While demand for dollar by importers is surely a factor behind decline of the local currency against the U. S. dollar, many analysts are of the view that the central bank is also buying dollars in to increase its foreign exchange (forex) reserves.




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


Syndicate content