COMPANIES

Google likely to join undersea cable project, says report
Mumbai: Internet search giant Google Inc is in talks to with a group looking to lay a high-speed, trans-Pacific undersea cable that could potentially make an investor in the project, the Wall Street Journal reported.

The potential undersea fiber-optic investment could reflect Google's recent push to provide internet-based services to businesses, since companies have lower tolerance for service interruptions and have offices around the world, the Journal reported on its website, citing a person familiar with the matter.
Back to News Review index page   Currency converter

Suzuki India to launch 150cc bike model next year
Mumbai: Two-wheeler maker Suzuki Motorcycles India is planning to come up with a new 150cc motorbike variant in February next year.

The new model would be an indigenous product, but certain parts of it would be imported from Japan, the company's dealer development head Prashant Aggarwal said during the launch of its 156th dealership in Vijaywada.

Suzuki Motorcycles is also planning to expand its dealership network, he said, adding that models like Heat (125cc) and Zeus (125cc) were targeted to provide Indian customers a refreshing new feel in the 125cc commuter segment.

The futuristic air-cooled four stroke engine developed specially for Indian customers is Suzuki's new offering, he said.
Back to News Review index page   Currency converter

Private equity firms back out of Harman deal
Mumbai: The private equity group comprising Kohlberg Kravis Roberts & Co LP and Goldman Sachs Group Inc's arm are pulling out of their $8 billion buyout deal with audio equipment maker Harman International Industries Inc.

The buy-out firms said they believe a "material adverse change" occurred in Harman's business and that it breached the merger agreement.

Harman said it disagrees such a change occurred and that it did not violate the buyout contract.

While the global credit crunch has threatened to scuttle several leveraged buyout deals, Harman bail-out looks centered on the financial conditions of the company itself, not the lending agreement.
Back to News Review index page   Currency converter