INTERNATIONAL German giant KirchMedia files for insolvency Munich (Germany): KirchMedia, the flagship unit of German media giant Kirch, finally filed for insolvency on April 8 in what is believed to be the biggest corporate failure in German post-war history after teetering on the brink for months.
Traffic soon on India, Singapore undersea cable Singapore: The first phase of the $ 650 million Singapore-India undersea submarine cable network, Network i2i, is ready for service and would begin carrying commercial traffic in April.
NATIONAL DPC to seek legal advice for selling Enron asset Mumbai: The Indian and foreign lenders of the beleaguered Dabhol Power Company (DPC) will seek a final word from legal firm Amarchand Mangaldas for an asset sale of the idle 2,184 mw plant and call for new bids instead of equity sale.
‘Guj riots won’t affect foreign investment’ Kolkata: Canada's Higher Commissioner to India Peter Sutherland on April 8 said that the incidents of violence in Gujarat was an “isolated” one and was unlikely to affect foreign investment in the short run.
SENSEX loses 20.4 points on lack lustre trading Mumbai: Depressed sentiment continued to weigh on the Bombay Stock Exchange (BSE) on April 8 with the SENSEX losing another 20.40 points to close at 3,480.17, dragged down by distress selling by operators in lack lustre activity and thin volumes.
Bangalore to host 3-day bio-tech meet from April 15 Bangalore: In an attempt to hard sell Karnataka as a bio-tech destination, the state government would hold a major event on bio-technology from April 15 for the second year.
Pranab flays Centre’s disinvestment policies Vijayawada: Lashing out at the disinvestment policy of the Centre, the all-India Congress working committee member Pranab Mukherjee on April 8 charged the government with selling profit-making units at throwaway prices to meet fiscal management.
BPL launches new system for VoIP platform Bangalore: BPL Telecom, a forerunner in the area of enterprise communications, added another feather to its cap by introducing an integrated communications system for Voice Over Internet Protocol (VoIP) platform, the SNX 8500.
Indian industry on path to recovery: CII survey New Delhi: Indian industry is coming out of a recession with a majority of sectors showing either clear signs of revival or moderate growth, according to a survey released on April 8.
InCable, ESPN resolve to end row, sign pact Mumbai: InCableNet and ESPN Software India entered a new era of co-operation and announced resolution of all outstanding issues, according to an official press release
