Business

There have been reports all over the internet. I don’t know where these things started but mostly they will turn out to be true. The reports suggest that Sony has made a bid of $50 Million for the video of Michael Jackson’s final rehearsal videos for his ‘This is it’ concert. The video footage is around 80-hours long. The video ... Read More »

Its been a good month for the people in US who are the worst hit developed nation thanking the recession. The good part is that US members are beginning to buy new home as reported in BBC. When compared the rate of new houses purchase this july with last july,  sales accounts of last year shows that there was 46 ... Read More »

The US retailers were already reeling from the new consumer frugality but in June, incessant rain and raising unemployment further dampened sales. Stores that had made strides in recent months reverted to double-digit declines. Overall, the industry posted  a 6.7% decline in sales for the month, in contrast  to a 309% increase a year ago, according to  the Goldman Sachs ... Read More »

After collapse of the great lehman brothers investment bank……Singapore Famous DBS bank said that it has sold over S$100 million High notes 5 …As the report said more than 200 customers have sued the bank in a bid to recover the investment loss. Siraj omar,Director of Priemeire law has told that today in Singapore court 204 investors have filed a ... Read More »

Air India appeals for Bailout of Rs.10000 crore to the Indian Government. Air India fears that its services will be hit hard if the government doesn’t bail them out. This is the next Air base situation after Britain’s Aerospace  decision  to cut 10% of its  employees. Air India earlier, proposed a plan of  reducing Rs.500 crore and making an exemption ... Read More »

Dubai Aluminium Co., the largest smelter in the Middle East, signed a four-year contract with DP World Ltd. to handle its cargo operations. DP World, the Middle East’s biggest port operator, will handle “more than 14.5 million tonnes of imported raw materials and close to 5 million tonnes of aluminium products for export to destinations across the globe” for Dubai ... Read More »

The new owners of   Satyam Computer Services, Tech Mahindra renamed the IT major as Mahindra Satyam today.They bought the company when it was in a situation to close down and legal problems circulating it. The ex owner of Satyam Mr.Ramalinga Raju and other 5 members are in jail now after being proved of guilty. The logo of the company ... Read More »