INTERNATIONAL Hitachi takes over IBM’s HDD unit in $ 2 bn deal Tokyo: Japan's Hitachi Ltd will take over the Hard Disk Drives (HDD) business of US computer giant, International Business Machine (IBM), for $ 2.05 billion, the two companies announced on June 4.
NATIONAL Swiss watch maker Tissot revives 85-year-old model New Delhi: Swiss watch manufacturer Tissot has revived the avant garde Classic Prince model and launched it 85 years after it was first produced. The Classic Prince draws upon the Art Deco style of the 1920s and '30s that infused the everyday world with elegance and cool sophistication.
Commission for kerosene wholesalers to be revised New Delhi: The Centre on June 5 asked the state governments to revise the commission paid to wholesale dealers of kerosene by Rs 35 per kilolitres.
NetStar to promote Concerto products in Australia Mumbai: Concerto Software, a provider of customer interaction management (CIM) solutions, on June 5 announced it has formed a strategic partnership with NetStar Australia under which NetStar will distribute and implement the entire range of Concerto solutions throughout Australia, according to an official press release.
Environmentalists seek PM's intervention on Bt cotton New Delhi: Reports from China that genetically modified Bt cotton damaged the environment have alarmed the environmentalists who on June 5 demanded the Prime Minister's intervention for a high-level inquiry into the Bt cotton approval in the country
Environmentalists seek PM's intervention on Bt cotton New Delhi: Reports from China that genetically modified Bt cotton damaged the environment have alarmed the environmentalists who on June 5 demanded the Prime Minister's intervention for a high-level inquiry into the Bt cotton approval in the country
Infosys to Webcast live AGM proceedings on June 8 Bangalore: Infosys Technologies Limited on June 5 will broadcast live on the Internet, the proceedings of its 21st Annual General Meeting (AGM) of the shareholders to be held on June 8 at 3.00 pm (IST).
RBI panel moots steps against money laundering Mumbai: A Reserve Bank of India (RBI) constituted group has suggested strengthening the existing framework against money laundering activities in India, including setting up of a nodal agency.
Krishna launches WB programme on water recharging Bangalore: Karnataka Chief Minister, S M Krishna on June 5,asserted that the state would continue its effort to bring water to millions of water starved people by executing the programmes to recharge ground water level regardless of opposition from neighbouring states.
Broker Ketan Parekh, associates released on bail Mumbai: Tainted brokers, Ketan Parekh, Kartik Parekh and Jatin Sarvaiyia, held on charge of cheating a Mauritius-based company to the tune of Rs 83.22 crore, were released on bail on June 5 by a session’s court.
Tax evasion: HC allows probe against Mauritius co New Delhi: Taking a serious view of tax sops to Mauritius-based Foreign Institutional Investors (FIIs) under the Double Taxation Avoidance Treaty (DTAT), the Delhi High Court has allowed the Income Tax authorities to initiate probe against such companies..
Progeon to provide GreenPoint with business services Bangalore: Progeon, an Infosys subsidiary, on June 4 announced that it has entered into an agreement with GreenPoint Mortgage to provide business process management services. Under the agreement, Progeon will provide GreenPoint with certain mortgage back office functions, according to an official press release.
Equities rally on demand for second-rung stocks Mumbai: The SENSEX opened higher and later continued its upsurge on the back of a smart rally in select heavyweights at early stages on the Bombay Stock Exchange (BSE) on June 5 following sustained buying support from speculators and domestic funds.
