UK telecoms company BT said it made a profit of just over £1bn ($1.49bn) in the year to 31 March, compared with a loss of £244m during the previous year. Over the past two years, BT has cut cost, including the lay-off of about 35,000 staff - a fifth of its workforce.
BT is now ready to invest another £1bn in superfast broadband, said chief executive, Ian Livingston. The results sent the shares sharply higher in early trading. BT said the £1bn investment, on top of an already announced £1.5bn spend, would mean two thirds of UK homes would have access to super-fast broadband by 2015.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Friday, June 11, 2010
Thursday, June 10, 2010
Ampere Software Enhances Software Development Outsourcing outcomes
Ampere software, an innovative application software development company achieved a great miracle by improving the software development outsourcing process with excellent learning techniques that bring not only knowledge to develop high tech solutions at lower cost, but also teach creativeness, flexible thinking, and the capability to develop a multi-variant model of software product development.
Ampere Software provides exclusive software product engineering services to help software companies of US, UK and Europe to build world-class software products in less time and with fewer efforts. We combine the talents of highly skilled engineers available in India with proven product engineering practices to deliver what the customer is looking for.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Ampere Software provides exclusive software product engineering services to help software companies of US, UK and Europe to build world-class software products in less time and with fewer efforts. We combine the talents of highly skilled engineers available in India with proven product engineering practices to deliver what the customer is looking for.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Monday, June 7, 2010
SEBI challenges SAT order on Takeover Code
The market watchdog SEBI on Wednesday moved the Supreme Court challenging the decision of the appellate tribunal SAT that held that financial investors like PEs and VCs do not acquire controlling stake in a company by just picking up more equity.
The Securities Appellate Tribunal (SAT) had in January this year set aside a SEBI direction that held that the veto rights acquired by a financial investor in a target company cannot be construed as a controlling stake. An apex court bench comprising the new chief justice SH Kapadia and justices KS Radhakrishnan and Swatanter Kumar directed both the parties to file their written submissions.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
The Securities Appellate Tribunal (SAT) had in January this year set aside a SEBI direction that held that the veto rights acquired by a financial investor in a target company cannot be construed as a controlling stake. An apex court bench comprising the new chief justice SH Kapadia and justices KS Radhakrishnan and Swatanter Kumar directed both the parties to file their written submissions.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Thursday, June 3, 2010
Total and Chevron profit from higher oil prices
Oil firms Total and Chevron reported improved profits for the first three months of the year as the higher price of oil helped boost revenues. Total's net profit was 2.3bn euros ($3bn; £2bn), almost 10% higher than the 2.1bn euros made in the same period a year earlier.
The French firm said oil prices were 70% higher compared with the first three months of 2009. Chevron's profit rose to $4.55bn ($3bn) from $1.84bn. The US firm's revenue rose 34% to $46.7bn. Total is currently being investigated in France on allegations of corruption. Earlier this month, a French judge filed preliminary charges against the company, accusing it of bribing Iraqi officials while Saddam Hussein was in power in order to secure oil supplies.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
The French firm said oil prices were 70% higher compared with the first three months of 2009. Chevron's profit rose to $4.55bn ($3bn) from $1.84bn. The US firm's revenue rose 34% to $46.7bn. Total is currently being investigated in France on allegations of corruption. Earlier this month, a French judge filed preliminary charges against the company, accusing it of bribing Iraqi officials while Saddam Hussein was in power in order to secure oil supplies.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
Wednesday, June 2, 2010
Sara Lee selling 51% stake in Indian JV with Godrej
Global consumer goods firm Sara Lee Corp is selling its 51 per cent stake in joint venture with Indian company Godrej to Godrej Consumer Products Ltd for 185 million euros (about 234 million dollars), as the US-based company focuses on growing its food and beverage businesses. The 15-year-old Godrej Sara Lee joint venture primarily markets insecticides, including the leading brand of mosquito repellent Good Knight throughout India. The transaction, which is subject to customary closing conditions, is expected to close before the end of Sara Lee's fiscal year on July 3, 2010. Having partnered with Godrej for 15 years, we are confident that their great team will build on the success we have shared to date and ensure that these leading brands will continue to thrive, Sara Lee's Chairman and CEO Brenda Barnes said in a statement here.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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