citibank
June 3, 2010 by Trend PK
Filed under World News
Globecomm Increases Credit Facility with Citibank
HAUPPAUGE, N.Y., Jun 03, 2010 (BUSINESS WIRE) — Globecomm Systems Inc. /quotes/comstock/15*!gcom/quotes/nls/gcom (GCOM 8.13, -0.14, -1.69%) , a leading global provider of satellite-based communications infrastructure solutions and services, announced today that Citibank, N.A. increased the Company’s committed credit facility from $50 million to $65 million and renewed the facility for one year. The credit facility accommodates documentary and standby letters of credit, term loans, foreign exchange transactions, and also includes a revolving credit facility. The increase in the term loan portion of the facility from $25 million to $40 million, in particular, will accommodate the Company’s continued growth. The credit facility will be used to issue bid bonds and performance bonds relating to projects and contracts worldwide, term loans for potential acquisitions, and also supports the Company’s working capital needs. As of the date of Amendment, there was $12.1 million outstanding and unpaid under the term loan line. The Credit Facility will be available until May 26, 2011.
Andy Melfi, Senior Vice President and Chief Financial Officer of Globecomm Systems Inc., said: “As the Company grows and pursues acquisitions Citibank continues to provide a stable source of liquidity, as well as significant expertise and resources in global financial markets.”
About Globecomm Systems
Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm’s customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.
source:marketwatch
Cognizant Technology Solutions Placement Paper Pattern 2010
Senior Vice President and Head of Innovation Sukuma Raja Gopal shares with Business Line and why innovation and creativity are embedded in cultural awareness, and create a distributed innovation model. “In conscious, are all expected to attend.
English – (20 min, 25 marks)
a) Two very long difficult passages (total 10 issues)
b) Correct sentences. – 5 questions
c) Incorrect statements. – 5 questions
d) a logical order. – 5 questions.
2) Quantitative – (30 min, 25 marks)
a) Two chart – 5 questions each.
b) logical reasoning. – 4 questions each
c) Coding (replace 1 by $ and 0 by * for decimal to binary conversions) – 5 questions
d) Data Sufficiency, 5 questions
e) problems Cube-5 questions
(For all these elements prepare thoroughly from RS Agarwal-Verbal and non-verbal Reasoning)
Analytical (20 min, 20 marks)
CTS (conscious Technology Solutions) All Test Paper January 21, 2010
Sample questions
Aptitude Test
Q = 70, time = 70 minutes … The correct answer is marked and wrong answer carry 0.25 points. , Offline (paper and pencil) test
For Get The Solution then Click here
CNG stations go on strike against price hike
November 12, 2009 by Trend PK
Filed under World News
LAHORE: All Pakistan CNG Association closed over 700 CNG stations based in Lahore, Gujranwala, Sargodha, Okara and Sahiwal, saying if the government does not cave in to their demand, they would have to go to the court. Talking to Geo News, the President of All Pakistan CNG Association Ghayas Pracha said the CNG consumers along with the owners of the pumping stations will have to face severe hardships owing to the closure of the CNG stations, adding the inflation-plagued consumers would further be tamped down under additional financial juggernaut.
LAHORE: All Pakistan CNG Association closed over 700 CNG stations based in Lahore, Gujranwala, Sargodha, Okara and Sahiwal, saying if the government does not cave in to their demand, they would have to go to the court.
Talking to Geo News, the President of All Pakistan CNG Association Ghayas Pracha said the CNG consumers along with the owners of the pumping stations will have to face severe hardships owing to the closure of the CNG stations, adding the inflation-plagued consumers would further be tamped down under additional financial juggernaut.
Meantime, CNG Dealers Association Senior Vice Chairman Mehar Arshad Mehmood announced disassociation with the strike and said Federal Petroleum Minister called them on Friday evening for the negotiations.
He said the 150 CNG pumping stations affiliated with his organization will remain open.
