Manchester United's early exit from the Champions League last season cost the English club almost 17 million euros in payments from UEFA compared with the previous year, figures released on Friday showed.
Superstorm Sandy made landfall along the coast of Southern New Jersey on Tuesday bringing hurricane-force winds and heavy rains to a wide swath of the United States East Coast, officials said. The storm has claimed 11 lives at least.
Sandy is expected to leave a trail of destruction along its path both in terms of human and economic cost.
The newly-formed entity which will list on the NYSE as Eros STX Entertainment Corp, will remain listed on the New York Stock Exchange, with headquarters in both Mumbai, India, and Burbank, California, and has also got $125 million in fresh funding. The merger will not change the structure of Eros's Indian arm which is also listed on Indian stock exchanges.
In response, the New York Stock Exchange-listed firm said it has paid the tax and has sought a meeting with Bruhat Bangalore Mahanagara Palike for a discussion on the issue and has a 'strong enough' case in defence.
Manchester United has picked the New York Stock Exchange to make its stock market debut, ending months of speculation over where the world's best-supported soccer club would list.
For the first time since the September 11 terror attacks, the New York Stock Exchange and Nasdaq suspended all trading on Monday as the United States eastern seaboard braced for Hurricane Sandy, dubbed as one of the most dangerous storms to hit the the country.
Popular social networking site Facebook, which will soon launch its initial public offering, has zeroed in on the Nasdaq Stock Exchange to list its shares.
Find out more about these millionaires, who made a fortune after they quit their jobs.
English soccer club Manchester United retained their title as the world's most valuable sports team, according to an annual top 50 list released by Forbes on Monday that was dominated by National Football League (NFL) franchises.
Tata Motors Ltd has completed the public filing for listing the American Depository Receipts on the New York Stock Exchange.
The strike has been on for four days at the Nashik centre of the business process outsourcing company, which has a headcount of 23,874.
The discussions, if successful, would see the German major owning a majority stake of nearly 60 per cent in the combined entity, while the rest would be with NYSE Euronext.
New York Stock Exchange-listed Starwood Hotels & Resorts Worldwide, Inc, on Wednesday said it expects to operate 50 hotels in India by the end of 2012 and the country is second only to China in its plans for future growth.
While stock exchanges worldwide are consolidating, not much action is happening in India due to the cap on equity holding in stock exchanges.
Laxmi Mittal-promoted Arcellor Mittal is raising $3-billion, of which $2.5-billion would be through equity and $0.5-billion through convertible bonds offering, which it is doing on two of its platforms, he said.
The high-profile race to buy India's second-largest business process outsourcing (BPO) company, WNS Holdings, ended abruptly today after the company informed the US Securities and Exchange Commission (SEC) that it had decided to stop discussions with interested parties regarding a possible change of control.
"Outlook for wages and salaries... given the current scenario, we have no plans for increase in the course of the year," the Bangalore-headquartered, New York Stock Exchange-listed company's executive vice-president, Pratik Kumar said. On campus hiring in the current fiscal, he said the company would visit the colleges (only) in January-March (unlike previous years when they selected students a year before they got the degree) but gave no firm numbers.
Premji said that the country was very innovative with fundamental R&D in the solar energy space, and not just a copycat.
The NYSE also warned that an 'LF' indicator would be appended to the company's trading symbol and profile, date and news pages provided by the Exchange, Satyam announced in a filing to the BSE and NSE on Tuesday.
Senapaty indicated that Wipro's acquisitions, whenever they are made, would be large, saying the company generally avoided very small companies because "the impact is not going to be felt."
The company would hire over 1,000 people for its Gurgaon office in the country, the New York Stock Exchange-listed firm said.
Telecom firm Windstream Corp has said it will acquire Q-Comm Corp, a privately held fiber-optic network operator for $782 million.
Whitehurst talks about India expansion plans, its latest offering in cloud computing and India's most ambitious project Aadhaar.
The New York Stock Exchange-listed Indian IT major Satyam Computer Services' founder and then-chairman Ramalinga Raju had shocked the world three weeks ago on January 7 with the disclosure of a massive financial wrongdoing to the tune of over a billion dollar at the company. This was followed by the NYSE suspending trading in Satyam shares the very same day.
The telecom ministry will decide on the merger between the state-owned telecom companies, Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, only after the listing of the former.
Other regions where the New York Stock Exchange-listed firm is targeting to expand its presence include China and Latin America. In an investor presentation, it said that as part of measures to cut costs in "corporate and other overhead, the company has slashed its headcount by 14 per cent," in addition to which finance, HR and IT staffing have also been reduced.
As the New York Stock Exchange, Euronext and NSE are affiliated entities, upon listing on Euronext, it would establish its association with all three exchanges under one group, strengthening its presence in these three important markets, Satyam said in a communique to the Bombay Stock Exchange.
US market regulator Security and Exchange Commission and Sebi (Securities and Exchange Board of India) are not in favour of a joint investigation into the Satyam case, a top source said.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
While warning that it may suspend Satyam shares if dealings were not advisable, New York Stock Exchange has said it may resume trading in the securities of Indian IT company on Monday if its assessment was found satisfactory.
Indian shares listed on the American bourses settled mostly in the red, while Infosys defied the trend, after the New York Stock Exchange halted trading in Satyam Computer at its bourses.
The New York Stock Exchange-listed Nova said in a statement that it has signed a letter of intent with RIL for the joint venture, which is expected to be operational by the third quarter of 2008 after finalising the formal agreements. Shares of Nova Chemicals rose 3.8 per cent to $26.17 at the NYSE on Thursday, while that of RIL were trading 1.3 per cent up at Rs 2,649 at the Bombay Stock Exchange on Friday.
World's largest exchange, the New York Stock Exchange is wooing India's showpiece IT firm Infosys Technologies to list its shares on its trading platform.
Wipro has announced changes in the management structure of its IT business and expansion of its board. The firm appointed Girish Paranjpe, Suresh Senapaty and Suresh Vaswani to the Board of Wipro Ltd. Wipro also re-structured its IT business by appointing Girish Paranjpe and Suresh Vaswani as joint-CEOs. Paranjpe was the president of the banking, financial services & insurance business unit of the global IT business of Wipro. Suresh Vaswani was the president of Wipro Infotech
GM shares, which were listed at the New York Stock Exchange on December 20, 1916, were worth close to about $100 a piece in 2000. The going-under of this iconic carmaker has been billed as a 'surgical bankruptcy' by the government for its revival into a new GM in the next two-three months, but the long-running restructuring exercise could not help avoid a loss of over $10 billion in the past one year for investors.
As the global economic downturn takes toll on pay packets, Indian IT major Wipro's chief Azim Premji seems to be leading by example as he has taken a cut of about 10 per cent in his annual compensation.
Global technology service provider EDS said on Monday it has reached an agreement to acquire Bangalore-based software testing firm RelQ Software Private Ltd.
Premji said, Wipro is not feeling the "effects" of the eurozone crisis.
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