HT Media Ltd Friday announced the creation of a new joint venture company for mobile marketing in collaboration with Velti Plc, a Britain-based provider of software platforms, applications and services.
Velti provides its services and products to advertising agencies, mobile operators and media companies.
Firefly e-Ventures will also have a stake in the joint venture, which will [...]
Yahoo! Inc. investors say the search to replace Chief Executive Officer Jerry Yang should focus on a turnaround expert from outside the Internet company who can draw Microsoft Corp. back into takeover talks.
Yahoo announced plans this week to replace Yang, fueling speculation the board will seek to woo Microsoft back. Hiring an insider such as [...]
Silver prices bounced back on the bullion market here today on renewed industrial demand. Gold prices continued to rule firm for the fifth trading session on sustained safe-haven buying due to fall in equity prices.
Marketmen said sustained buying by jewellery makers and retailers in view of ongoing marriage season and weak equity market pushed up [...]
Chinese tyre makers have jacked up their imports to India, making good use of the tariff loophole offered by some regional trade pacts.
Chinese truck tyre imports are up from 750,074 tyres (in 2006-2007) to 1,187,939 tyres (in 2007-2008) at one go, proving that India’s great tariff wall for imports is bowing to the dragon rampage.
The [...]
Former RBI Governor Y V Reddy is among members of a high-level panel of economists appointed by UN General Assembly President Miguel d’Escoto to suggest measures to deal with the current economic crisis, including possible reform of global financial institutions. Joseph Stiglitz, who won the Nobel Prize for Economics in 2001 and is a former [...]
Dissatisfied with the financial services major’s performance, the Board of Citigroup and some directors are considering replacing the current chairman Sir Win Bischoff.
Quoting people familiar with the matter, the Wall Street Journal said, “the board of Citigroup Inc is growing increasingly dissatisfied with the financial giant’s performance, and some directors are considering replacing [...]
World oil prices continued lower in Asia on Thursday after it sank on Wednesday to the lowest levels since the start of 2007 with traders worried by falling demand during the global financial crisis.
Oil falls below 90 dollar for 1st time in eight months
New York’s main futures contract, light sweet crude for December delivery, fell [...]
During an economic slowdown, companies should stick to basics, quickly grab market share, cut costs, conserve cash, go in for acquisitions financed by long-term borrowings and bring down output prices to boost demand, a management meet attended by top managers concluded here Thursday.
‘The economic slowdown in India is driven by liquidity crisis. In this situation, [...]
NTT DoCoMo will pay $2.7 billion for a 26 per cent stake in Indian Telecom Tata Teleservices, giving Japan’s top mobile operator a foothold in the world’s fastest-growing major mobile market.DoCoMo’s deal with Tata Teleservices follows a $350 million investment in Bangladesh’s No.3 cellphone carrier, as it speeds up its expansion beyond a mature home [...]
The nation’s unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.
The new snapshot, released Friday by the Labor Department, showed the crucial jobs market quickly eroding. The jobless rate [...]