Webremixed Articles for tags: industry

Over 65,000 people lose jobs in three months

Wed, 03 Dec 2008 18:13:25 GMT

A survey of 21 firms found that 65,507 jobs were lost across the country in various sectors. Gainers: BSE (A, B), NSE | Losers: BSE (A, B), NSE | 52 Week: High, Low

Government to meet airlines over agents' commission issue

Wed, 03 Dec 2008 17:58:25 GMT

Govt assured travel agents associations that it would take up their demand for restoration of 5% agents commission with airlines.

Mobile 3G services by March: Raja

Wed, 03 Dec 2008 17:43:25 GMT

Mobile 3G (Third Generation) services are expected to be fully rolled out in the country by March 2009.

Ford India cuts Fiesta price by up to Rs 91,000

Wed, 03 Dec 2008 17:28:25 GMT

Ford India has slashed prices of its Fiesta models by up to Rs 91,000 for 10 days.

It'll be some time before Kingfisher flies to London, Colombo

Wed, 03 Dec 2008 17:13:25 GMT

Kingfisher travellers would have to wait a few more months before the carrier starts flying to London, Colombo.

Jet Airways says lowers expat staff, wages

Wed, 03 Dec 2008 16:58:25 GMT

Jet has reduced its expatriate staff including pilots and cut salaries to beat slowdown that has gripped the aviation industry.

Gujarat farmers go to court over Nano land

Wed, 03 Dec 2008 16:43:25 GMT

The court has asked the government to produce the documents of land acquired by them under the Land Acquisition Act by December 10.

Security concerns return to haunt Blackberry

Wed, 03 Dec 2008 16:28:25 GMT

Plans to launch a new Blackberry mobile handset in India has revived concerns if the service was a risk to internal security, with one wing of the Telecom Ministry seeking opinion of the security division.

Metro Cash & Carry opens first store in Kolkata

Wed, 03 Dec 2008 16:13:25 GMT

Metro Cash & Carry, the Indian arm of German wholesaler Metro AG, has opened its first outlet in Kolkata.

Tata Motors moves HC on Singur land allotment

Wed, 03 Dec 2008 15:58:25 GMT

Tata Motors has approached the Calcutta High Court against an RTI application seeking details of its agreement with the West Bengal government on the land allotment at Singur, from where the company has since moved out.

Nokia takes on rivals with $700 touch-screen phone

Wed, 03 Dec 2008 15:43:25 GMT

Nokia has launched flagship phone as an attempt to help the world's top cellphone maker recover lost market share.

PSU banks to recruit in a big way amid global layoffs

Wed, 03 Dec 2008 15:28:25 GMT

Public sector banks in India, including the country's largest lender SBI, are in a brisk hiring mode, a move which is in sharp contrast to their global peers.

Love of cricket helps Mumbai to recover from shock

Wed, 03 Dec 2008 15:13:25 GMT

Cricket is helping Mumbai to overcome the shock of last week's militant attacks that killed at least 171 people.

Omaxe fires 70 employees, cuts salary by 10%

Wed, 03 Dec 2008 14:58:25 GMT

Real estate firm Omaxe on Wednesday said it has fired 70 people and reduced salaries of its employees by 10 per cent on average as part of cost cutting measures, to beat the current slowdown in the property market.

Vodafone to move to SC over tax matter with IT dept

Wed, 03 Dec 2008 14:43:25 GMT

Vodafone will challenge the verdict of the Bombay High Court which dismissed the petition filed by the UK telecom firm contesting Income Tax Department’s show-cause notice for capital gains tax to the tune of $2 billion arising out of its acquisition of Hutch shares.

Terror-hit hotels have adequate insurance cover: Taj management

Wed, 03 Dec 2008 14:28:25 GMT

The Indian Hotels Company, which owns the Taj Mahal Palace and Tower, has said it has adequate insurance cover in place and is working with reputed agencies to sanitise and repair it for reopening the Tower wing on priority.

Tata Steel introduces scheme to cut workforce

Wed, 03 Dec 2008 14:13:25 GMT

Tata Steel is introducing an early separation scheme in its Jamshedpur plant in Jharkhand to downsize the workforce.

Mumbai bogged down by unlucky number 18

Wed, 03 Dec 2008 13:58:25 GMT

Numerologists suggest renaming the city back to Bombay, as it adds up to the number 17, which is believed to have a positive and spiritual influence.

Citibank launches FD scheme offering capital protection

Wed, 03 Dec 2008 12:13:45 GMT

Citibank N.A. on Wednesday announced the launch of Citibank Protect & Grow, a product offering customers the safety of a fixed deposit with the option to channel the interest earned into mutual funds.

Ranbaxy, US firm in pact to mkt drug in India

Wed, 03 Dec 2008 11:58:45 GMT

Ranbaxy Laboratories has signed an exclusive licensing agreement with US-based BioPro Pharma to sell Gliadel tablets in India.

Bombay HC dismisses Vodafone's petition against I-T Dept

Wed, 03 Dec 2008 11:43:45 GMT

Bombay HC has dismissed a petition by Vodafone against a tax bill relating to the purchase of a unit of Hutchison operation in India. 2008: A saga of bruises for Tata

Mumbai attacks a wake-up call for hotel security

Wed, 03 Dec 2008 11:28:45 GMT

The terror attacks in Mumbai last week have been a chilling reminder to India's hotels to step up investments in security and surveillance systems, experts say.

What should be done with militants body, Bollywood debates

Wed, 03 Dec 2008 11:13:45 GMT

Director-actor Farhan Akhtar feels the slain Mumbai terrorists should be sent back to Pakistan on the same dingy they came on, but another filmmaker Anees Bazmi says "we're humans first, so let's bury them here".

Cricket-ICC allays 2011 World Cup doubts after Mumbai attacks

Wed, 03 Dec 2008 10:58:45 GMT

Cricket's global governing body has dismissed reports the sub-continent could lose the 2011 World Cup due to safety fears following last week's militant attacks in Mumbai.

Hero Honda sees sales under further pressure

Wed, 03 Dec 2008 10:43:45 GMT

Hero Honda Motors Ltd, India's largest motorbike maker, sees sales under further stress now that a series of festivals is over unless personal borrowing becomes cheaper, a senior company executive said.

Kingfisher gets nod for 9 more international flights

Wed, 03 Dec 2008 10:28:45 GMT

Kingfisher Airlines, India's No 2 private carrier, on Wednesday said it received approval from the federal government to operate flights on nine international routes, sending its shares up.

New Oil India plan to boost Assam oil output

Wed, 03 Dec 2008 10:13:45 GMT

A top official of India's leading oil exploration company, Oil India Ltd (OIL), said here Wednesday that the company has embarked on a massive plan to boost crude oil output from oil fields in India's north eastern state of Assam.

Coal Ministry suggests cancelling linkages for 2 NTPC projects

Wed, 03 Dec 2008 09:58:45 GMT

The Coal Ministry has suggested scrapping linkages for two of the projects of India's leading power producer NTPC, saying the proposed units are unlikely to come up in the 11th Five Year Plan (2007-12).

One lakh travel agents may lose jobs in New Year

Wed, 03 Dec 2008 09:43:45 GMT

Travel agents could lose their jobs in the New Year if the problem related to fees on air ticket sales is not solved soon. Travel Insurance: 5 points to remember

Canadian oil sands industry threatens millions of birds: study

Wed, 03 Dec 2008 09:28:45 GMT

Extraction and refining of heavy oil from Canada's oil sands threatens to kill as many as 166 million migratory birds over the next 30 to 50 years, according to a report released.

Mumbai bogged down by unlucky number 17

Wed, 03 Dec 2008 09:13:45 GMT

Numerologists suggest renaming the city back to Bombay, as it adds up to the number 17, which is believed to have a positive and spiritual influence.

Faced with shortage, Canada woos skilled Indian workers

Wed, 03 Dec 2008 08:58:45 GMT

Canada is trying to attract young talent from countries like India by relaxing norms for visas in this category.

Lindsay Lohan's Facebook account disabled 'for being fake'

Wed, 03 Dec 2008 08:43:45 GMT

Lindsay Lohan has been blocked from logging into her own Facebook account after the site's administrator thought its user was 'fake.'

GE India to acquire Indo Tech transformers

Wed, 03 Dec 2008 08:28:45 GMT

General Electric India is to soon acquire Chennai-based Indo Tech transformers for an undisclosed sum, according to various sources connected with the development.

14 people commit suicide every hour in India

Wed, 03 Dec 2008 08:13:45 GMT

Fourteen people commit suicide every hour in India due to various reasons, ranging from failure in relationships, bankruptcy, illness and social disrepute.

Citigroup says 'core' Japan units not for sale

Wed, 03 Dec 2008 07:58:45 GMT

Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale by the struggling U.S. bank.

Over 95% campus recruits accept Wipro's BPO offer

Wed, 03 Dec 2008 07:43:45 GMT

The engineers who opt for BPO work will be compensated as originally promised for their software services roles.

Middle East cos line up for campus hiring

Wed, 03 Dec 2008 07:28:45 GMT

If hot job destinations in the crisis-ridden US and Europe have left you disillusioned, there are safer sanctuaries closer home.

Germany's MAN to be 50:50 partner in Force Motors JV

Wed, 03 Dec 2008 07:13:45 GMT

Force Motors Ltd said on Wednesday it would sell up to 14.50 per cent stake in its auto components joint venture with German truckmaker MAN for about 3 bn rupees, sending the former's shares up.

Germany's MAN to be 50:50 partner in Force Motors JV

Wed, 03 Dec 2008 06:58:45 GMT

Force Motors Ltd said on Wednesday it would sell up to 14.50 per cent stake in its auto components joint venture with German truckmaker MAN for about 3 billion rupees, sending the former's shares up.

GE eyes Chennai co Indo Tech for buyout

Wed, 03 Dec 2008 06:07:22 GMT

GE is on the prowl. The US-headquartered global power major is believed to be interested in leveraging beaten down stock valuations to acquire some fresh assets in India.

Some 100 countries to sign cluster bomb ban in Oslo

Wed, 03 Dec 2008 05:52:22 GMT

Representatives from some 100 countries meet in Oslo Wednesday to sign a treaty banning the use of cluster bombs, but major producers such as China, Russia and the United States are shunning the pact.

Made in India grooms are a big hit with NRIs

Wed, 03 Dec 2008 00:07:29 GMT

When Neha Shah’s parents zeroed in on a bridegroom based in India, disregarding at least three suitors based in the West, the choice took her by surprise.

One lakh travel agents may lose jobs in New Year

Tue, 02 Dec 2008 23:52:29 GMT

Over one lakh travel agents could lose their jobs in the New Year if the problem related to fees on ticket sales is not solved soon.

Force Motors to sell 20% stake in MAN JV

Tue, 02 Dec 2008 23:37:29 GMT

It's official now. Force Motors has announced that it will reduce its stake in the heavy commercial vehicle joint venture with MAN Nutzfahrzeuge to 50% from the current 70%.

Europe proves a pleasant surprise for Tata Steel

Tue, 02 Dec 2008 23:22:29 GMT

Tata Steel, the sixth-largest steel manufacturer in the world, reported better-than-expected numbers for the quarter ended September 2008.