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World Business News

AI to issue Rs 7500cr worth of shares to its bankers

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A proposal to issue preferential shares worth Rs 7,500 crore to Air India's lenders was approved by its Board today, as the national carrier saw significant rise in its yields and passenger revenue.

Readmore..... Friday, 30 December 2011 04:13
 
   

Sony To Sell LCD Venture Stake To Samsung For $940 Mn

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Sony Corp has agreed to sell its nearly 50 per cent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million, as it struggles to reduce huge losses at its TV business.

Readmore..... Thursday, 29 December 2011 12:29
 
   

Adani Power Puts Expansion On Hold

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Adani Power has put on hold its 6,500 megawatt of capacity expansion plan due to lack of clarity on coal supplies, Chief Executive Officer Ravi Sharma said on Tuesday.

Readmore..... Thursday, 29 December 2011 12:20
 
   

Athabasca's MacKay River oilsands project OK'd

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Athabasca Oil Sands Corp. says it has received full approval from Alberta regulators for the MacKay River oilsands project, a joint venture between the company and a Chinese energy giant.

Readmore..... Thursday, 29 December 2011 12:09
 
   

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