British Airways merging with Iberia
British Airways has announced that they are planning to merge with Spanish airline company Iberia.
This merger deal is worth around USD 7 billion and it would create the world’s third largest airline company in terms of revenues.
The two companies are aiming to complete the merger by the end of [...]
Inditex to start selling Zara branded cloths online
Europe’s leading clothing retailer Inditex has announced their plans to start selling Zara branded cloths online.
They are aiming to launch the online store before the end of the current year in some European markets.
The company said in a statement: “Zara will start online sales for [...]
Maruti Suzuki India sold 75,109 vehicles last month
Maruti Suzuki India continues to post impressive sales number every month.
The company sold around 75,109 vehicles last month including their export market.
Maruti exported around 13,336 vehicles last month which is a record for the company.
Overall, the sales were up 22.6 per cent compared to the same period [...]
REVA Electric Car aims to double production capacity
India’s electric car manufacturer REVA Electric Car has announced their plans to double production of its electric mini-car by building a new factory in Bangalore.
The company said that this new unit would have an annual production of 30,000 vehicles.
Reva sells their cars branded as the G-Wiz [...]
Vodafone massively cut its revenue outlook
Mobile service provider Vodafone has now massively cut their revenue outlook.
The company said that customers are likely to avoid going for new mobile devices due to tougher economic conditions.
The situation is especially grim in Spain and the report result in company’s stock going down to a 20 month low.
Market analyst [...]
Vodafone Music Reporter: Vodafone collaborates with MySpace
Mobile service provider Vodafone has announced that they are now collaborating with the social networking service MySpace.
Vodafone would now be providing footage from their sponsored media events on the MySpace network.
This new service has been named Vodafone Music Reporter and it would be offered in the European markets [...]
Genpact (NYSE:G), which manages business processes for companies around the world, announced the appointment of Miguel Angel G. Gonzalez as Country Manager for Genpact Philippines. Miguel will spearhead the delivery of Genpact’s processes from Philippines, while also tapping the potential that the region has to offer.
Genpact Philippines is one of the recent additions to [...]
Reva Electric Car Company receives investments worth $20 million
Reva Electric Car Company Private Limited is the only automobile company in India, which manufactures electric cars. And they have announced receiving investments worth USD 20 million from Draper Fisher Jurveston and Global Environment Fund.
This investment would help the company expand and consolidate its position in world’s [...]
