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Bharti Airtel is ranked 10 in Business Week’s IT 100 list

Mon, 26/06/2006 - 12:52 by MT Bureau
Bharti Airtel is ranked 10 in Business Week’s IT 100 list

India’s Bharti Airtel Ltd, one of country’s leading private sector providers of telecommunications services, has created history by being ranked among the top 10 best performing companies in the world in the globally renowned Business Week’s IT 100 list.

Tata Coffee Ltd. acquires US based Eight O'Clock Coffee Company

Mon, 26/06/2006 - 11:14 by MT Bureau
Tata Coffee Ltd. acquires US based Eight O'Clock Coffee Company

Tata Coffee Ltd, the largest Coffee Plantation Company in Asia, has signed a definitive agreement to acquire US based Eight O'Clock Coffee Company (EOC) from Gryphon Investors for a total acquisition price of USD 220 Million.

New Zealand’s Government Signs An Agreement With Microsoft

Mon, 26/06/2006 - 11:12 by MT Bureau
New Zealand’s Government Signs An Agreement With Microsoft

NEW ZEALAND: According to the reports, government agencies have achieved an estimated $ 9 million saving over the next three years with the signing of a new triennial licensing agreement with Microsoft, known as G2006.

But both the government and Microsoft sources are prepared to reveal what percentage saving this will represents.

The G2006 deal was concluded last week following about a year of negotiations and a similar agreement signed in 2003.

Japan lifts two-decade old ban on import of Indian mangoes

Sat, 24/06/2006 - 12:14 by MT Bureau
Japan lifts two-decade old ban on import of Indian mangoes

Japanese market will soon see a return of Indian mango, as Tokyo on Friday formally lifted the two-decade old ban on import of the king of fruits from here.

Samsung India aiming a 200% growth in LCD monitor sales

Sat, 24/06/2006 - 10:45 by MT Bureau
Samsung India aiming a 200% growth in LCD monitor sales

Samsung India is aspiring for a 200% growth in its LCD monitor sales this year and also aiming to enhance the production capacity at its manufacturing facility at Noida, near Delhi to fulfill the scaled up demand.

Allianz slashes 7,480 jobs in insurance and banking

Thu, 22/06/2006 - 17:38 by MT Bureau
Allianz slashes 7,480 jobs in insurance and banking

Allianz AG, the world's largest financial services providers, said Thursday it will slash 7,480 jobs at its domestic insurance and banking operations as part of the restructuring it began last year.

Whole Foods Market stops selling live lobsters and live soft shell crabs

Sat, 17/06/2006 - 11:25 by MT Bureau
Whole Foods Market stops selling live lobsters and live soft shell crabs

Whole Foods Market Inc., a natural and organic foods retailer, said it will stop selling live lobsters and crabs at its natural foods grocery stores immediately, on the grounds that it's inhumane.

Hyundai to launch two models every year in India

Sat, 17/06/2006 - 10:27 by MT Bureau
Hyundai to launch two models every year in India

To boost up its strategy for the Indian market, South Korea’s largest car maker, Hyundai Motor yesterday announced it will launch two models every year in India that would include diesel cars, including a 1.2 litre engine hatchback.

Oracle’s shares exceed forecast

Fri, 16/06/2006 - 15:08 by MT Bureau
Oracle’s shares exceed forecast

Shares of enterprise software company, Oracle Corp. gained the most in 18 months after the company said fourth quarter profit and revenue exceeded more than forecast because of soaring database sales.

Silk Road Trade Reopens

Wed, 14/06/2006 - 16:15 by MT Bureau

GANGTOK -- Border trade between India and China through Nathula, also known as silk road, in Sikkim that had been awaited since long, has been finally set for June 30.

Russia no longer needs foreign loans

Wed, 14/06/2006 - 15:55 by MT Bureau

ST. PETERSBURG -- Russia's gold and foreign exchange reserves which rank as the world's fourth-largest are expected to exceed both sovereign and private external debt in 2006 as mentioned by President Vladimir Putin on Tuesday.

DaimlerChrysler recalls 111,687 Jeep Grand Cherokees

Tue, 13/06/2006 - 11:43 by MT Bureau
DaimlerChrysler recalls 111,687 Jeep Grand Cherokees

A prominent automobile and truck manufacturer-DaimlerChrysler AG's Chrysler unit is recalling 111,687 Jeep Grand Cherokees after receiving reports of overheating and fires in heated seats.