Ananda Krishnan sells Maxis stake

7 Ramadhan 1433


KUALA LUMPUR: Tycoon T. Ananda Krishnan is selling up to 375 million shares worth around RM2.35bil in the country's largest mobile phone operator Maxis Bhd, according to a source familiar with the deal.

The shares were being priced at a range between RM6.21 and RM6.34 per share, the source said, representing a 3%-5% discount to the closing price of RM6.54 yesterday.

Officials at Maxis were not immediately available for comment. Ananda, Malaysia's second-richest man, has been selling some of his assets.

More Information: thestar online

Lotus to open KL showroom

2 Ramadhan 1433

DRB-HICOM Bhd plans to set up a dedicated Lotus showroom in Kuala Lumpur within the next three months, said group managing director Datuk Mohd Khamil Jamil.

“It will be in the city centre. We have identified several areas to house the maiden Lotus outlet in Malaysia under Proton,” said Mohd Khamil.

Bringing Lotus to Malaysia will be a milestone for national carmaker Proton Holdings Bhd, which bought Lotus nearly 16 years ago.

More information:Btimes

Google Internet business defies econ worries, ad clicks surge

2 Ramadhan 1433

SAN FRANCISCO: Google Inc's core Internet business increased revenue by 21% in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company's online advertising.

Shares of the world's No.1 search engine were up about 3% in after hours trade.

Google, which reported its first set of quarterly results since its May acquisition of Motorola Mobility for US$12.5bil (RM37.5bil), offered few details about its plans to expand into the hardware business, focusing instead on what it described as healthy trends in its traditional online advertising business.

More information: techcentral