Friday, March 21, 2008

IPOs worth $9.2 billion may be under deferral mode: Assocham - Prime

by Jo Black

Crash, and the subsequent volatility in the stock market, has adversely hit IPO plans of India Inc. As many as 20 companies, which were planning to collectively raise Rs.37.18 billion ($0.97 billion) have already deferred their IPOs. These companies are already holding approval from SEBI and are now waiting for better times to enter [...]

Wednesday, March 19, 2008

First Jumbo Jet Company For China

by Elisha Sanders

The first ever jumbo jet passenger carrying flight company from China has just been registered in Shanghai with a capital of 20 billion yuan, or $2.82 billion.
Set up is to begin sometime between next week and May, as the sometimes lengthy process of registration needs to be finalized before production can begin.
The first [...]

Friday, March 14, 2008

100,000 Indian companies lose registration for failing to file annual returns

by Jo Black

Indian federal government has cancelled the registration of over 100,000 companies for failing to file annual returns, Indian Parliament was informed on Friday.
There were about 7,43,628 companies registered under the Companies Act till March 2007. However, only 3,22,943 companies filed their annual returns till February this year, Minister of Corporate Affairs Prem Chand Gupta [...]

Thursday, March 13, 2008

Asian investors sees commodities as safe haven against the U.S. dollar

by Jo Black

Oil prices on March 13,200 rose to a fresh record high record above $110 a barrel even as Asian investors looks commodities as a safe haven.
It is learnt that Asian investor are more interested to invest in commodities against the US dollar, as a result the US dollar, in Asian continent has been recorded to [...]

Hartcourt forms strategic advisory committee

by Jo Black

China based Hartcourt Companies, Inc. has formed the Strategic Advisory Committee. Six members have been appointed to the Advisory Committee. These members are Xiping Tao, Senior Education Expert; Min Tang, Deputy Chief Representative and Chief Economist, Asian Development Bank, Beijing Office; Gary Locke, Partner and Co-Chair of China Practice Group, Davis Wright Tremaine LLP; [...]

Wednesday, March 12, 2008

Chevron to Have Jumbo Gas Units in Asia

by Michelle Roberts

The giant US oil company Chevron has plans to build two gas projects in Asia and it will be a multi-billion dollar project. The move by the company came in the wake of estimates that stated that there will be greater demand for gas and prices will increase. Chevron is the second biggest oil and [...]

Thursday, March 6, 2008

Citigroup CEO Vikram Pandit on Asia Tour as Writedowns Grow

by Michelle Roberts

The newly appointed Chief Executive Officer of Citigroup Vikram Pandit is on his first visit to Asia after taking the charge of the biggest US bank. Speculation has it that Citigroup is likely to suffer from more mortgage write-downs. On Monday and Tuesday the CEO was in Beijing and Shanghai and was in Hong Kong [...]