GE-Alstom's $14-billion deal gets okay from EU, US

Last Updated: Wednesday, September 9, 2015, 13:15

US-based General Electric in April last year had offered to buy France's Alstom energy business for USD 13.9 billion.

Alcatel-Lucent chief defends 14-mn-euro payout

Last Updated: Monday, August 31, 2015, 23:06

The head of telecoms equipment maker Alcatel-Lucent rejected government pressure Monday to renounce bonuses which could see him receive around 14 million euros (USD 15.7 million) as part of its buyout by rival Nokia.

Nokia agrees on China joint venture with Huaxin

Last Updated: Friday, August 28, 2015, 17:17

Finnish telecom equipment maker Nokia on Friday said it has agreed to create a joint venture in China with state-owned Huaxin, following Nokia`s proposed takeover of Alcatel-Lucent.

Nokia rejects MTNL's purchase order for network expansion

Last Updated: Thursday, July 30, 2015, 18:54

Long-pending network expansion plan of MTNL may get delayed further as telecom equipment supplier Nokia Networks, which was the lowest bidder for the project, has rejected the purchase order from the PSU.

EU clears Nokia's acquisition of Alcatel-Lucent

Last Updated: Friday, July 24, 2015, 17:19

The European Commission said on Friday it had approved Finnish telecom equipment group Nokia`s planned purchase of Alcatel-Lucent because the two were not close competitors and would still face strong global competition.

WTO members seal trillion-dollar IT trade deal

Last Updated: Friday, July 24, 2015, 10:35

World Trade Organization (WTO) members finalized a deal on Friday to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.

BHEL inks three strategic pacts in Kazakhstan

Last Updated: Thursday, July 23, 2015, 15:29

The first pact was signed with JSC Samruk Energy, the national power utility of Kazakhstan which has a major share in Kazakh's power sector, BHEL said in a statement.

Huawei's H1 revenues up 30% at $28 billion

Last Updated: Monday, July 20, 2015, 08:38

Huawei said in a statement sales reached 175.9 billion yuan ($28.8 billion) on an unaudited basis in the January-June period.

Ericsson Q2 profit beats forecasts as Networks margin shines

Last Updated: Friday, July 17, 2015, 14:59

Mobile telecom equipment maker Ericsson said its North American mobile broadband business had stabilised as its posted second-quarter sales and operating profit above market expectations on Friday, boosted by its Networks business.

China's Huawei gets security clearance to manufacture telecom equipments in India

Last Updated: Thursday, July 16, 2015, 11:10

Huawei becomes the first major Chinese brand to supply locally made products for one of the world`s biggest markets for mobile phones.

Bhel commissions Sudan's largest power project

Last Updated: Wednesday, July 1, 2015, 13:37

State-owned power equipment maker Bhel today said it has commissioned Sudan's largest power plant.

Compact Lamps targets Rs 1,000 cr sales in 3 yrs

Last Updated: Friday, June 12, 2015, 15:49

"After being a original equipment manufacturer (OEM) for leading lighting companies in India, we decided to launch our own brand Orkus. We are targeting a turnover of Rs 1,000 crore in three years for the company and expect Orkus to contribute 30 percent of sales," Compact Lamps Managing Director Kapil Gupta told PTI.