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Monthly Archives: December 2010

Ispat Industries Ltd. Plummets By 17%, To Be Takenover By JSW

Asia Bizz: Ispat Industries ltd., Bombay, has plummeted by almost 17% at the Bombay Stock Exchange market on Monday, as JSW industries announced that it will be taking over the company by purchasing majority of its shares. JSW stated that it...

Tata Steel To Sell Of South African Plant And Assets

Asia Bizz: Tata Steel, India’s largest steel manufacturer, is now looking forward to sell off its South African Plant and its assets along with it, in a move to raise $150 million from it. As of now there is no buyer that has been finalized...

US$100 million joint venture called Sampang PSC approved

Asia Bizz: The gas project led by Santos Ltd in Indonesia offshore East Java is now approved by the joint ventures involved for the development of the project. The project is called Sampang PSC and its a US$100 million joint venture between...

Imported Vehicles Market On A Rise In South Korea

Asia Bizz: South Korea has become a huge market for imported vehicles, and there is consistent rise in this very market every year. This year the Korean market saw a significant 50% increase in the imported car market, for most of the vehicles...

Dell Looks Forward To Huge Sales In China

Asia Bizz: China is a huge market in Asia and the American technology company, Dell, is looking forward to get huge sales in the Chinese mainland. In a shocking revelation, it is said that Dell will be spending around $250 billion in China alone...

Citibank Bhd signs agreement to be part of the MEPS network

Asia Bizz: Malaysian Electronic Payment System Sdn Bhd (MEPS) and Citibank Bhd signed an agreement which enables Citibank to be a part of the MEPS network. This agreement will help Citibank customers to have access to around 9,600 automated...

Nokia launches E5 in India – Phone priced at Rs.11.000/-

Asia Bizz: Nokia has recently launched the E5 phone in India, and the device is priced at Rs.11,000/-. The new phone will be available in the market and it has some new and exciting features that are set to attract many customers. Reports...

Samsung Wave II S8530 Smartphone Launched In India, Priced At Rs.19,000

Asia Bizz: Samsung is in the news once again and this time it launched the Wave II S8530 smartphone in India, which is priced at Rs. 19,000. The S8530 was much awaited by the Samsung customers, as it is the direct upgrade to the Samsung S8500....

Honda Motors Co to sell its stake to Hero Group in India

Asia Bizz: Japanese automaker Honda Motor co is all set to dissolve its Indian motorcycle joint venture and has agreed to sell its stake to its Indian Partner called the Hero Group. The sale price of the shareholdings in India’s Hero...

Videocon Mobiles Launches V6200 Ducati Series Of Cellphones In India

Asia Bizz: Videocon, India’s prominent electronic device manufacturer has launched that latest V6200 Ducati series cellphones in the country. The new series of cellphones are said to be rugged and is licensed under the name of Ducati....