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Malaysia : eWarna selected for Red Herring 100 Asia award

Malaysia : eWarna selected for Red Herring 100 Asia award eWarna, the global leader in online color collaboration solutions, has been selected by Red Herring as a finalist for its coveted Red Herring 100 Asia award for 2006. The Red Herring 100 award highlights those companies who have shaped the future of technology innovation and transformed markets. Nominees were evaluated on financials, management, and overall strategic integration into the marketplace. Through a stringent application review process, Red Herrings editorial team vetted Asias hottest technology startups to select 200 finalists. The 100 Asia winners will be profiled in a August 21 Special Issue

Asia rallies with buoyant Wall Street

Asia rallies with buoyant Wall Street U.S.-listed shares of Asian companies bucked the flat trend in their home markets to trade higher Monday, swept up in Wall Streets rally as a series of big deals boosted sentiment. The Bank of New York Asian ADR index was last up 2% at 135.88, while the Bank of New York Composite index gained 1.9% to 144.06. In Asia overnight, Japans Nikkei 225 (JP:1804610: news, chart, profile) finished the day down 0.18% to 14,794.5. The broader Topix index of Tokyo-listed shares fell 0.09% to 1,514.22. In Hong Kong, the Hang Seng Index rebounded from lows to

Hong Kong-listed ICBC (Asia) H1 net up 18 pct on yr on net interest income

Hong Kong-listed ICBC (Asia) H1 net up 18 pct on yr on net interest income Industrial and Commercial Bank of China (Asia) Ltd said its net profit rose 18 pct year-on-year to 559.92 mln hkd on the back of higher net interest income and widening interest margins. Managing director Zhu Qi said net interest income for the period rose 44 pct from a year earlier to 820 mln hkd, due mainly to the widening of the interest margins by 37 basis points to 1.44 pct and an 11pct increase in interest-bearing assets. Zhu said there is potential for interest margins

VSNL Boosts Asia Subsea Capacity

VSNL Boosts Asia Subsea Capacity With demand for telecom services booming across India and other Asian countries, Videsh Sanchar Nigam Ltd. (VSNL) (NYSE: VSL - message board) is investing more than $600 million to upgrade its 20-terabit international submarine network with additional capacity. (See VSNL Plans Two Cable Systems.) In a move that will have equipment suppliers like Alcatel (NYSE: ALA - message board; Paris: CGEP:PA) and Fujitsu Ltd. (Tokyo: 6702 - message board; London: FUJ) rubbing their metaphorical hands, VSNL said last week it plans to spend $600 million on building two new submarine cable systems -- one connecting India

Mauj on Red Herrings Asia 100 winners list

Mauj on Red Herrings Asia 100 winners list Leading wireless solutions firm Mauj Telecom has emerged as tech magazine Red Herrings Asia 100 winner. Red Herrings list recognises promising technology companies in the region and is a part of the magazines tradition of identifying new and innovative firms and entrepreneurs, according to an official statement by Mauj. The company, which operates from Mumbai, Delhi, Chennai, Dubai, London and New York, and has Sequoia, Intel among its investors, was selected from over 600 submissions for the listing. It was based on parameters such as financial data and subjective criteria like the quality