Otto Bock Group mourns the loss of senior executive Dr.Max N?der
The Otto Bock Group is mourning the loss of senior executive Dr. Max N?der, who passed away on Friday, July 24th, at the age of 94. The funeral service for Dr. N?der, who was an honorary citizen of the cities of Duderstadt and K?nigsee, held on July 31st in the St. (more…)
Tata Motors First Quarter Stand-alone net revenue Rs.6405 Crores, PAT grows 58% to Rs.514 crores
Tata Motors today reported revenues (net of excise) of Rs.6404.63 crores on a stand-alone basis for the quarter ended June 30, 2009, of the financial year 2009-10, a decline of 7.6% compared to Rs.6928.44 crores in the corresponding quarter previous year.
The company’s continued focus on cost efficiencies, coupled with reduction of raw material prices, inventory reduction and improvement in sales realisation, yielded considerable benefits resulting in the operating margin to 11.4% (from 7.1% in the previous year), with operating profits at Rs.728.00 crores, an increase of 47.9% as compared to the corresponding period of the previous year.
Profit before Tax for the quarter grew by 58.8% to Rs.548.04 crores (Q1 2008-09: Rs.345.09 crores) and Profit after Tax was Rs.513.76 crores (Q1 2008-09: Rs.326.11 crores), an increase of 57.5%. (more…)
AsiaNet Daily Summary - Press Releases for Friday 31 July 2009
TRANSPORT SYMPOSIUM…
NEW YORK - The International Forest Products Transport Association (IFPTA)
and RISI announced today a number of initiatives to help reduce the cost of
attending the upcoming PPI Transport Symposium 18.
www.risi.com
MONTHLY SUMMARY…
WASHINGTON - Fannie Mae’s (NYSE: FNM) June 2009 Monthly Summary is now
available at www.fanniemae.com/ir/monthly.
DATA SERVICES…
CAMBRIDGE, Mass - With the voice market shrinking, telecom operators face
an opportunity to expand data services in Puerto Rico, as data revenue is
expected to more than double by 2014 despite the deep economic contraction,
according to the latest report from Pyramid Research (www.pyr.com), the telecom
research arm of the Light Reading Communications Network (www.lightreading.com).
http://techweb.com/aboutus
http://www.unitedbusinessmedia.com
DIY ADS…
MOUNTAIN VIEW - Friendster, Inc., a top 20 global website based on
traffic*, today announced the launch of Friendster “Do It Yourself” (DIY) Ads,
a simple and cost-effective way for local businesses to buy and launch highly
targeted ads with any budget on Friendster.
www.friendster.com
www.ZEDO.com
RUN SAP…
BANGALORE - Wipro Technologies, the global IT services business of Wipro
Limited (NYSE:WIT) and a global SAP(R) services partner, today announced it has
been certified by SAP AG as a provider of solution implementation based on the
Run SAP methodology. (more…)
Celebrating 10 Years of “100% Pure New Zealand” Campaign – Invitation to Join “7 Days Dream Tour to New Zealand with Ice Sarunyu” by Royal Orchid Holidays
Tourism New Zealand, in partnership with Royal Orchid Holidays and Citibank, invites interested travelers to join the “7 Days’ Dream Tour to New Zealand with Ice Sarunyu” during 26 September – 2 October 2009, to visit Auckland and other North Island’s scenic highlights in Spring. (more…)
TRIS Rating Affirms Company Rating of “AA” at “BBB/Stable”
TRIS Rating Co., Ltd. has announced a “BBB” company rating affirmation with “stable” outlook to Advance Agro PLC (AA). The rating reflects AA’s position as the leading short-fiber pulp and printing & writing paper (P&W paper) producer in Thailand, a fully integrated and efficient plant, the relatively strong brand name of its Double A paper products, and an improving capital structure. (more…)
Photo Release: TCC Capital Land wins CNBC Property Awards for 3 years
Led by Mr. Soammaphat Traisorat (center), CEO & MD, the management team of TCC Capital Land and S&S Residential presents 3 awards at the recent CNBC Asia Pacific Property Awards 2009: Thailand Best High- Rise Development and Thailand Best Development Website for S&S Sukhumvit and Best Asia Pacific Development Website for The Royal Residence. (more…)
WD SHIPS INDUSTRY’S FIRST 1 TB MOBILE HARD DRIVE
New Drives Offer the Highest Capacities to Date For Mobile Storage Applications and Notebooks
WD (NYSE: WDC) today announced two new mobile hard drives that reach new capacity extremes. The highlight is a one terabyte model – the industry’s highest-capacity 2.5-inch drive available. (more…)
DBS and Aviva extend and deepen partnership
Partnership extended from 2010 to 2015 and will tap underinsured markets in Asia Pacific
Aviva, the world’s number one bancassurance provider and DBS, a leading bank in Asia, have extended their bancassurance partnership from 2010 to 2015, to address customers’ growing need for financial security and to tap on new markets in Asia Pacific. (more…)
Moody’s lowers Banco Santander one notch to Aa2 and Banesto to Aa3
Moody’s Investors Service has downgraded to Aa2 from Aa1 the senior debt and deposits ratings of Banco Santander, S.A. (”Santander”) and to B- from B its Bank Financial Strength Rating (BFSR). At the same time, dated subordinated debt was downgraded to Aa3 from Aa2, junior subordinated debt to A1 from Aa2 and the rating on preferred instruments to A2 from Aa3. (more…)
Moody’s lowers BBVA’s ratings by one notch to Aa2
Moody’s Investors Service has downgraded to Aa2 from Aa1 the senior debt and deposit ratings of Banco Bilbao Vizcaya, S.A. (BBVA) and to B- from B its Bank Financial Strength Rating (BFSR). At the same time, dated subordinated debt was downgraded to Aa3 from Aa2, junior subordinated debt to A1 from Aa3 and the rating on preferred instruments to A2 from Aa3. (more…)