Jet Air buys Sahara for $500 m in all-cash deal
ENDING weeks of speculation, Mr Naresh Goyal, Chairman of Jet Airways, today announced the acquisition of Air Sahara for $500 million (Rs 2,217 crore) in an all-cash deal. "We have valued Air Sahara at $500 million and we will buy 100 per cent ...
Jet to fly higher on Sahara deal, but not without air pockets
IF everything goes well, Jet Airways' $500-million buyout of Air Sahara will, at a stroke, expand its fleet strength by 50 per cent, seats flown by 33 per cent, and ramp up its share of domestic passenger traffic to a dominant 50-per cent plus. ...
L&T net soars 96 pc in Q3 Increased orders; sale of glass, dairy equipment biz
LARSEN & Toubro has reported a 96 per cent increase in net profit for the third quarter of the current fiscal. This was achieved due to revenues from increased orders from the year-ago quarter, and was helped along by a one-time gain from the ..
HCL Tech bags Rs 1,500-cr deal from European co To provide total outsourcing services to DSG
IN what is being billed as the biggest contract won by an Indian IT company, HCL Technologies has bagged a Rs 1,500-crore ($333 million) five-year co-sourcing deal to provide total outsourcing services to Europe's leading electrical retailer, DSG ...
Sensex rebounds; gains 212 points
BROAD-BASED buying by investors fuelled the stock market with the BSE Sensex gaining 212.31 points to close at 9449.84 points. The markets, which had been moving down in a correction phase during the last few sessions, reversed that trend in ...
Infosys partners Wavecom
INFOSYS Technologies has signed a partnership agreement with Paris-based embedded communications company Wavecom SA to address the growing machine-to-machine (M2M) wireless connectivity market. M2M wireless connectivity uses cellular networks ...
Advance degree H-1B visas for 2006 exhausted
IT professionals planning to apply for H-1B visa in coming months are likely to be in for disappointment. The advance degree H-1B visas have reached the stipulated 20,000 cap for the fiscal year 2006. According to the update from the US ...
KPIT Cummins plans German venture
THE Board of Directors of KPIT Cummins Infosystems Ltd, which met here today has approved setting up of a joint venture in Germany. The joint venture is to help the company to enter into the German market in a big way, Mr Ravi Pandit, Chairman ...
Rains may have ended, but there can be surprises
THE northeast monsoon may have officially drawn to a close but that does not mean the rain activity in the southern peninsula will come to a complete stop. "You will still have to contend with rogue easterly waves travelling straight west from ...
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