| EMC launches cloud computing, big data analytics courses Business Standard EMC will offer cloud computing, data science and big data analytics training and certification programs with an "open" curriculum to help develop professionals, who can extract more value and insight for competitive advantage from the new expanse of ... See all stories on this topic » | ||
| Digitisation, data explosion will drive cloud market: IDC official Hindu Business Line Mumbai, Nov. 9: Digitisation and explosion of data would help emerging technologies such as cloud computing and big data gain a faster foothold in the country. “I can, without any hesitation, say that cloud is a massive, massive wave happening in India. See all stories on this topic » | ||
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| NTT to focus on cloud computing abroad, slash costs Asahi Shimbun Nippon Telegraph and Telephone Corp. released a midterm management plan that focuses heavily on expanding its cloud computing services abroad while cutting hundreds of billions of yen in costs. According to the plan released on Nov. See all stories on this topic » | ||
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| Dell launches expanded Cloud computing portfolio in Australia ARNnet “Dell is pleased to expand its desktop virtualisation solutions in Australia offering our customers the broadest portfolio of end-to-end cloud client computing offerings,” Dell general manager and vice president, Cloud Client Computing, Tarkan Maner, said. See all stories on this topic » | ||
| The US government's cloud mandate loses steam InfoWorld (blog) Government and IT may not sound like a natural pairing, but here in Washington, D.C., they're more closely related than many suspect. In fact, the government's move to cloud computing can have far-reaching implications for the tech industry as a whole. See all stories on this topic » | ||
| Cloud, software to further disrupt telecoms market ZDNet SINGAPORE--The telecoms industry will continue to be shaken up by cloud computing in terms of the need to offer relevant software and build up a strong independent software vendor (ISV) ecosystem--both of which traditionally are not telcos' strong suit. See all stories on this topic »
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Friday 9 November 2012
EMC launches cloud computing, big data analytics courses
Sant Shri Ashram Ji Bapu deaths Case: Asaram Bapu, son summoned by inquiry commission
| Ashram deaths: Asaram Bapu, son summoned by inquiry commission Business Standard The Justice (retired) D K Trivedi Commission asked Asaram Bapu to remain present before it on December 1, while his son Narayan Sai, has been asked to appear on November 11. Both of them have to depose before the commission as witnesses. See all stories on this topic » | ||
| Ashram deaths: SC says no to CBI probe against Asaram IBNLive The Supreme Court has refused to direct a Central Bureau of Investigation (CBI) probe against spiritual leader Asaram Bapu. This pertains to the death case of two boys, Dipesh and Abhishek Vaghela, who were found dead in his Sabarmati ashram in the ... See all stories on this topic » | ||
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| Relief for Asaram Bapu: SC refuses CBI probe in kids' deaths Daily Bhaskar Abhishek Vaghela (11) and his cousin Dipesh Vaghela (10) went missing from a residential school of the Asaram Bapu's Motrea Ashram in Ahmedabad in April 2008. Their decomposed bodies were later found from the banks of Sabarmati River near the ... See all stories on this topic » |
Kingfisher Airlines net loss, as expected, has increased 61 per cent to Rs 753 crore
Kingfisher Airlines net loss, as expected, has increased 61 per cent to Rs 753 crore (Rs 7.53 billion) for the second quarter, compared to Rs 468 crore (Rs 4.68 billion) a year ago.
Total income plummeted eight times to Rs 200 crore (Rs 2 billion) from Rs 1,552 crore (Rs 15.52 billion).
The operating loss was Rs 202 crore (Rs 2.02 billion), and due to adjusting for finance cost of Rs 401 crore (Rs 4.01 billion), a one-time cost of Rs 448 crore (Rs 4.48 billion) due to re-delivery of cost and restructuring, the net loss was at Rs 753 crore (Rs 7.53 billion.
The company has a significant debt of Rs 8,000 crore (Rs 80 billion) to a consortium of Indian bankers; the company has not been able to service the interest costs for most part of the last year.
The UB-Group-owned airline said it was continuing with its holding plan and was preparing to file a comprehensive revival plan.
Red flag
Raising concern on the financials, Kingfisher's auditors said the carrier's second-quarter net loss could have been much higher, at Rs 1,032 crore (Rs 10.32 billion), had it followed 'generally accepted accounting standards' for certain income and expenses.
Its 'reserves and surplus' would have been a debit of Rs 12,155 crore (Rs 121.55 billion) as on September 30, against a debit of Rs 7,339 crore (Rs 73.39 billion) reported, auditors said.
The auditors have drawn attention to financial statements being prepared on a 'going concern' basis despite net worth having been eroded.
"The appropriateness of the said basis is dependent on the company's ability to obtain restoration of the air operator's permit, infuse funds, rescheduling of debt and resuming normal operations," the auditors said.
Kingfisher's Q2 revenues plunged to Rs 200 crore (Rs 2 billion), from Rs 1,553 crore (Rs 15.53 billion) in the same period last year because of disruption in operations and eventual suspension of its licence by aviation regulator DGCA.
The report has also highlighted the method of accounting of costs incurred on major repairs and maintenance of aircraft being taken on operating lease of "Rs nil".
"In our opinion, this treatment is not in accordance with generally accepted accounting standards prevalent in India [ Images ]," the auditors said in their limited review report.
The carrier has said it is in discussions with various stakeholders to ensure that there are no future disruptions and expects to resume operations in the near future.
The auditors further said that Kingfisher, in past, has included as 'other income' certain subsidy provided by one of its suppliers, although the company's auditors at that time had opined this treatment in non-accordance with the government's Accounting Standards.
The current auditors have also concurred with that view.
India's Kingfisher shares jump on United Spirits, Diageo deal
CNBC.com
MUMBAI (Reuters) - India's debt-laden Kingfisher Airlines <KING.NS> extended gains after Reuters reported its chairman Vijay Mallya clinched a deal to sell a stake in United Spirits <UNSP.NS> to Diageo <DGE.L>, on hopes the money raised could be used ...
See all stories on this topic »
CNBC.com
MUMBAI (Reuters) - India's debt-laden Kingfisher Airlines <KING.NS> extended gains after Reuters reported its chairman Vijay Mallya clinched a deal to sell a stake in United Spirits <UNSP.NS> to Diageo <DGE.L>, on hopes the money raised could be used ...
See all stories on this topic »
| Diageo-United Spirits deal independent of Kingfisher Airlines issue: Vijay Mallya Economic Times Seeking to clarify speculation on what the deal could mean for the debt-riddenKingfisher Airlines, Mallya said, "We have multiple businesses and each business operates independent of each other. There is no cross contamination. There never has been, ... See all stories on this topic » |
Economic Times |
Times of India
MUMBAI: Bankers to Kingfisher Airlines face the tough choice of taking a large haircut through a one-time settlement or work out a very long-term restructuring package which would mean waiting for years before they see their money. A decision would ...
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| Kingfisher Capital CLO sells 5% stake in Nava Bharat Ventures Economic Times About 45.33 lakh shares, representing little over five per cent in the company, were sold byKingfisher Capital on November 7, according to a regulatory filing. The shares were offloaded through open market transaction on the National Stock Exchange. See all stories on this topic » | ||
| Kingfisher Stock Rating Reaffirmed by Jefferies Group (KGF) Daily Political Kingfisher (LON: KGF)'s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Friday. They currently have a $5.27 (330 GBX) target price on the stock.Kingfisher opened at 284.90 on Friday. Kingfisher has ... See all stories on this topic »
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Asias Best b2b portal, GolGappa, Pani Puri, Pani Poori,recipes,instructions, ingredients,golgapppa
Mission Vision Passion DBA JHR; B2B B2C OJT Blog FAQ; Search Vender Term Resources; Welcome to AeroSoftSEO. AeroSoft Corp is a very small sized newly establishing ...
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