New Delhi: Acute power crisis is threatening to cripple Tamil Nadu's leather exports. Hundreds of companies in Tamil Nadu's leather belt have been hit by power shortages, leading to as much as a 25 per cent increase in production costs. Enco Shoes is a medium sized leather unit in a state that is India's leader in leather exports. K Najmul Hasan, MD, Enco Shoes, says, "There are just about 50-60...
07:59 AM, Apr 18, 2012
Latha Venkatesh, Banking Editor, CNBC-TV18 said consumers will most definitely benefit from RBI's rate cuts. ...
12:12 AM, Apr 18, 2012
New Delhi: This summer, get ready to face the heat. India is 21,000 MW short of electricity, which means long nights without power. The reason is that 25 power stations have just about four days of coal left to fuel the power plants and a little more than 30 stations have just 7 days of stock left. The Central Electricity Authority has warned that Delhi's Rajghat plant, Haryana's Mahatma Gandhi...
08:46 AM, Apr 16, 2012
California: A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganise the company into three main divisions focused on users, advertisers and technology. Thompson unveiled the plan at an "all hands" meeting for employees at the company's headquarters in Sunnyvale, California. It will take effect on May 1. According to a memo obtained by The Associated Press, the new...
12:18 PM, Apr 11, 2012
New Delhi: Japanese consumer electronics giant Sony today said it does not have any manpower realignment plan for India in the "near future" amid reports of the firm cutting 10,000 jobs globally. The company's Indian arm said it is rather ramping up its head count in the country to meet growing demand. "As far as India is concerned, Sony is witnessing healthy growth rate and there is no realignment of...
10:55 AM, Apr 10, 2012
Tokyo: Sony Corp is cutting 10,000 jobs, about 6 per cent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai comes under pressure to return the Japanese consumer electronics and entertainment company to profit after four years in the red. The job cuts are the latest downsizing in Japan Inc where companies from tech names NEC Corp and Sumco Corp to brokerage Daiwa Securities...
12:01 PM, Apr 09, 2012
Mumbai: The second largest private sector lender HDFC Bank has said the present situation is not conducive for rate cuts but further reduction in Cash Reserve Ratio (CRR) could lead to lower interest rates. "As far as reduction in interest rate is concerned, if there is more CRR cuts, it will happen. Because, given the inflationary environment, we can't reduce the deposit. Also, the call rates are high due to...
01:59 PM, Mar 18, 2012
New Delhi: Considering the recent price cuts, it won't be wrong to predict that the Nokia Lumia series has failed to lure people at a price point set by the company. After Nokia Lumia 710, now the price of Nokia's flagship phone - the Nokia Lumia 800 - has been slashed by approximately 20 per cent. The phone that was originally carrying a price tag of Rs 29,900 is now...
01:50 PM, Mar 03, 2012
New Delhi: Now that everyone on Twitter has been moved to the new version of the Twitter interface, you can accelerate your tweeting experience using keyboard shortcuts. Keyboard shortcuts may feel a bit difficult to remember, but you will start using them on reflex once you get a little hang of it. Here's a list of the keyboard shortcuts that can make tweeting faster and more fun: Actions F FavouriteR...
12:27 PM, Feb 17, 2012
Washington: US Defense Secretary Leon Panetta tried to defuse concerns in Congress on Wednesday about potential cuts to America's nuclear arsenal, as details emerged about options under consideration that include an 80 per cent reduction in the number of warheads. Panetta, without confirming any figures, said no decisions had been made. He added that although a range of options were under review, the "status quo" - a ceiling of 1,550...
04:03 AM, Feb 16, 2012
Chennai: Taking a dig at the ruling AIADMK on the power front, DMK chief M Karunanidhi on Wednesday said the prevailing power scenario was a "good example" of the government's 'achievements.' "In the budget presented in August last, it was mentioned that power cuts would come down in phases in 2012, and there would be no power cut at all by August of this year," he said. Writing in his...
04:47 AM, Feb 09, 2012
Helsinki: Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia. The cuts of 8 per cent of the phone business workforce bring total planned job cuts at the group since Stephen Elop took over as Chief Executive in September 2010 to more than 30,000. Nokia said in...
08:21 PM, Feb 08, 2012
New Delhi: Labour unions in Greece have called for a strike after the Government said it would cut 15,000 public sector jobs by the end of the year. Greece is under pressure from its eurozone partners to accept another round of strict austerity measures in exchange for the $171 billion bailout loan that was promised in October. German Chancellor Angela Merkel told Greece on Monday to make up its mind...
10:20 AM, Feb 07, 2012
Washington: US aircraft company Boeing has announced its plans to close a massive plant in Wichita in Kansas before the end of 2013, a decision that will affect over 2,100 employees. "The decision to close our Wichita facility was difficult but ultimately was based on a thorough study of the current and future market environment and our ability to remain competitive while meeting our customers' needs with the best and...
09:37 AM, Jan 05, 2012
New Delhi: In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options. Kingfisher later issued a statement saying, "Kingfisher Airlines categorically denies news reports appearing in a section of the press which claims the airline is planning to lay off any staff." However, industry sources said the debt-ridden carrier could also...
06:16 PM, Jan 04, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
