The Deal.com thinks so. They published a piece this week in which they concluded that "Chinese Internet company Oak Pacific Interactive is considering a public offering either in Hong Kong or the U.S."Oak Pacific operates Mop.com which The Deal.com describes
Wipro, which offers system integration, software application development and back-office services, said net profit rose to 8.14 billion rupees ($190 million) in its fiscal first quarter to June from 7.10 billion a year ago under U.S. accounting rules. A Reuters
The global economy has weathered the impact of the credit crunch better than first feared, the IMF said Thursday as it issued a downbeat forecast for the second half of 2008, amid concerns about inflation, particularly in emerging markets. "The
New York-listed Satyam, which specialises in business software and offers back-office outsourcing services, said consolidated net profit for the quarter ended June rose to 5.48 billion rupees ($128 million) up from 3.78 billion a year ago. A Reuters poll had
Easing tensions between Iran and the West and worries that high prices and a weaker U.S. economy will undermine demand have combined to send oil down more than $15 in just three days. U.S. light crude rose 46 cents to
Platinum fell to an 11-week low as a sell-off in Tokyo futures put pressure on spot prices. The metal has lost more than 19 percent in value since rallying to a lifetime high of $2,290 in March after power shortages
Financial stocks, which had been knocked down sharply this month due to weak global sentiment towards the sector, rebounded as the outlook seemed not as bad as feared. No. 2 lender ICICI bank jumped 12.1 percent to 617.60 rupees and
ITC has interests in paper, through ITC Bhadrachalam Paperboard, which was doing well, the paper said quoting unnamed sources. Ballarpur, belonging to Avantha Group, is India's top paper maker. "We are not there to sell stake. Our shares are there
International Business Machines Corp, the world's biggest technology company, impressed investors by easily beating quarterly profit expectations and raising 2008 forecasts when it reported along with other big tech companies on Thursday. In contrast, Microsoft Corp missed estimates amid concern
Oil's losses this week are the steepest in dollar terms since futures began trading in New York in 1983 and the steepest in percentage terms since December 2004. U.S. crude settled down 41 cents at $128.88 a barrel in the
Michael Fenger accepted "millions of dollars in cash, restricted stock units, and stock options" in exchange for agreeing not to join a competitor for two years after leaving Motorola, where he oversaw mobile devices in Europe, the Middle East and
MTN and Reliance Communications started exclusive talks on May 26 and the deadline was extended to July 21. The extension, announced on July 10, came after a claim on shares in the Indian company by Mukesh Ambani, estranged brother of
Amid reports of a US Congress probe against India's largest drug maker Ranbaxy Laboratories, data show that many leading multinational companies such as Pfizer, GlaxoSmithKline, Novartis and Merck are also under the scanner of the US drug regulator, for more
The Department of Telecommunications (DoT) has mooted a proposal under which operators will pay a one-time fee for all spectrum allotments beyond 6.2 MHz.
Shanghai is the worst performing stock market of the world in CY 2008. It has just replaced Vietnam at the top of the ladder among the worst performers with a 48.97 per cent fall.
Bharat Petroleum Corporation (BPCL), the country's second largest oil marketing company, plans to diversify into bottled water and direct to home (DTH) services in an attempt to boost its profits.
According to research firm IDC, China shipped 85 million GSM handsets in the last fiscal. And it says China's percentage share is likely to go up since these phones offer swanky features ranging from 3 megapixel camera, terrestrial TV, music
