Oracle shocks experts, decides to start hiring at Sun

Oracle shocks experts, decides to start hiring at SunOracle has made an announcement which shocked market analysts and company watchers alike, the company has plans to start hiring at Sun.

Many have expected that Oracle CEO Larry Ellison would cut jobs in the new acquisition while he took a decision to hire around 2,000 sales and engineering employees.

Ellison indicated that he intended to transform his outfit into a 21st century version of IBM in the 1960s. He also said that Oracle is planning to launch products that will complement its technology work seamlessly with Sun.

The company distributed messages during an event which read "We're hiring." Oracle indicated that the company would have significant investments in MySQL and its sales team would be kept independent of Oracle's other operations. OpenOffice. org will also be kept separately.

Oracle will also try to increase compatibility between the Java runtime environment on desktops and on mobile devices while JavaScript integration will also be accelerated.

The company expects to earn a profit of $1.5 billion from Sun over the next year.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.