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Cosmo Films acquires GBC
Cosmo logo
January 31, 2009
After getting a go ahead during its Board of Directors meeting held on January 29, 2009, Cosmo Films Ltd has announced the acquisition of GBC Commercial Print Finishing Business of the American Clip Company (ACCO).
 
Charter Communications Cable Firm in Bankruptcy
Charter Communications
January 31, 2009
Cable television system operator Charter Communications, struggling with a $21 billion debt load, is preparing a bankruptcy filing
 
NEC's loss widens, plans to cut 20,000 workers
NEC Corp.
January 30, 2009
Japanese electronics giant NEC Corp. said it will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit by competition and the global economic slump.
 
Idea Offloads 16.4% stake, not 20% on Providence deal
Idea
January 30, 2009
Aditya Birla Telecom (ABTL), a wholly owned subsidiary of Idea Cellular, has scaled down its $640 million (Rs 2,560 crore) deal with the US-based private equity major Providence Equity Partners.
 
Web18 Registers for NASDAQ IPO
Web 18
January 30, 2009
Web18 has done a confidential filing with US SEC, and will go for listing when market conditions improve.
 
Panasonic to cut 560 jobs, close Asian plants
January 30, 2009
Panasonic Corp. said Wednesday it will cut 560 jobs in Asia due to the closure of two plants in the region, while declining to confirm a report saying the Japanese electronics giant will likely suffer its first net loss in six years.
 
Cisco invests in Digitalsmiths
Cisco invests in Digitalsmiths
January 28, 2009
The downturn in the economy hasnt stopped Cisco from investing in digital video company Digitalsmiths.
 
NDTV to Control Expenses; Capex Hit
NDTV
January 28, 2009
NDTV is reining in its expenses for the next year as a result of the recession, according to a report from Reuters. Distribution expenditure, new equipment buys and launches of fresh channels will be hit
 
Mumbai Mantra to tap new revenue streams
Mahindra Group owns Mumbai Mantra
January 27, 2009
Companies like Mumbai Mantra are scouting for innovative streams of revenue to balance the loss brought about by the economic slowdown.
 
NRI publisher Ramniklal Solanki buys top British Asian weekly: "Eastern Eye"
The Ethnic Media Group
January 23, 2009
The Ethnic Media Group (EMG), has sold its British-Asian Weekly 'Eastern Eye', a leading British-Asian weekly catering to readers from the Indian sub-continent, to Indian-origin, Ramniklal Solanki.
 
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