Bangalore orders 240 buses from Volvo
BANGALORE – Volvo Buses has received an order for an additional 240 city buses to Bangalore. There are 70 Volvo buses already in use in the city.
Bangalore’s city bus operator, Bangalore Metropolitan Transport Corp., will purchase the buses. The company decided two years ago to invest in modern, air-conditioned city buses from Volvo and […]
Cisco to increase India headcount to 360,000
To increase its talent pool in India, IT networking major Cisco System India Pvt Ltd has decided to increase its headcount six fold to nearly 360,000 in the next five years.
The IT giant has announced a series of initiatives to nurture networking professionals, which would translate to an addition of nearly 360,000 engineers within […]
Reliance Power to list on Feb 11
Reliance Power is set to make its debut in the stock markets on February 11. The equity shares of the company will be listed on both the BSE and the NSE. The IPO was the largest to hit the Indian markets, where the issue was subscribed by about 70 times. The qualified institutional buyers […]
Reliance Power has 42 lakh shareholders
Nearly 4.5 lakh retail investors, who applied for less than 225 shares of Reliance Power each, have not been made any allotments by the company.
This means that RPL has issued shares to only those applicants who committed to invest at least Rs 96,750 in its IPO.
The company’s IPO, which created several records on many […]
Microsoft offers $44.6B for Yahoo
Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.’s dominance of the lucrative online search and advertising markets.
The surprise offer of $31 per share, made late Thursday and announced Friday, seizes on Yahoo’s weakness while Microsoft […]
Volvo bus unit on stream
Volvo Bus Corporation’s (VBC) new bus-manufacturing plant in Hoskote will be inaugurated on Thursday by its President, Hakan Karlsson. Volvo Bus Body Technologies India Pvt. Ltd, a joint venture between VBC and Jaico Automobiles, is implementing the project. While VBC holds a 70 per cent stake in the joint venture company, the balance is […]
Volkswagen launches ‘Passat’ in Bangalore
Volkswagen, Europe’s largest car-maker on Monday signed a partnership agreement with city-based PCH Group, making it the first authorised dealer for Volkswagen in South India, and announced the entry of the Rs 25 lakh ‘Passat Sedan’ in the Silicon city.
The PCH group will invest around Rs 50 crore towards setting up two world class […]
Dragonair to launch daily flight to Bangalore
Dragonair, the sister airline of Cathay Pacific Airways, is scheduled to launch its India operations, with daily flights to Bangalore, starting May 1, 2008. The Hong Kong-based company has got the requisite permission to operate 30 flights to India, including 23 by Cathay Pacific and the rest by Dragonair.Â
Cathay Pacific on Wednesday announced it […]
GAIL board okays Dabhol-Bangalore pipeline
The board of GAIL (India) today gave in-principle approval for laying of the Rs 2,500 crore Dabhol-Bangalore gas pipeline.
The 730 kilometre pipeline, which will be designed to carry 16 million cubic metres per day (mcmd) of gas, is expected to be completed by 2011-12, a statement from the company said.
The final board approval will […]
The world’s cheapest car gets a pop star welcome
For the world’s cheapest car, it was one luxury arrival.
More than 1,000 people — journalists, VIPS and industrialists — packed an auditorium on Thursday as Tata Motors Ltd unveiled its long-awaited “People’s Car” in a media circus more worthy of a pop concert or an Oscar ceremony.
For those wanting to feel India’s economic self-confidence […]
