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IT companies shut the door on 60,000 contract workersAccording to workers in the IT sector, nearly 60,000 contract or 'vendor-supplied' employees have been hit in the current round of trimmings.
Source : dnaindia.com | 03-Dec-2008 23:49
Bengal store open, Metro now heads for Punjab
Martin Dlouhy, managing director of Metro India, has been through all the stirs and negotiations. The company has embarked on a pan-India expansion now.
Source : dnaindia.com | 03-Dec-2008 23:36
Security measures don't influence shopping behaviour
The supermarket has been around for six years now, and over the years the security in the store, as well as in the mall where it is housed, has increased by several notches
Source : dnaindia.com | 03-Dec-2008 23:35
'Fcuk's recall value makes entry easier'
The acronym fcuk first came about when a fax from a French Connection Hong Kong store was sent to the French Connection United Kingdom office.
Source : dnaindia.com | 03-Dec-2008 23:33
Retailers dial m-comm
Three years ago, Brunette Chocolates started business as a small shop in Koramangala in Bangalore. Today it delivers goodies as far as Coimbatore and Patna
Source : dnaindia.com | 03-Dec-2008 23:31
Verdict will have impact on cross-border M&As
For Vodafone Plc, the world's biggest mobile phone company, the issue of paying income tax in India remains an issue of "jurisdiction" more than "taxability".
Source : dnaindia.com | 03-Dec-2008 23:29
Vodafone plea quashed on technicality
The Bombay High Court on Wednesday dismissed a petition filed by Vodafone Plc challenging a show-cause notice issued by the Income Tax Department
Source : dnaindia.com | 03-Dec-2008 23:28
'The US consumer is toast'
Last week's terror attack in Mumbai is a "devastating blow to the exceptional characteristics of India's economy," says Morgan Stanley Asia chairman Stephen Roach.
Source : dnaindia.com | 03-Dec-2008 23:27
Excise duty on fuel may be slashed
With Prime Minister Manmohan Singh at the helm of finance ministry, one can expect a steeper cut in fuel prices once the Assembly elections are over.
Source : dnaindia.com | 03-Dec-2008 23:27
Govt plans to start WiMax auction by Jan 2009
Union IT and telecommunications minister A Raja plans to go ahead with the auction for WiMax (Worldwide Interoperability for Microwave Access) by January 2009.
Source : dnaindia.com | 03-Dec-2008 23:26
Think you know all about car covers?
An accident involving your car could well drain you of your savings. That's why it helps to buy car insurance. Here's a look at how these policies work and what the insurance buyer must not forget
Source : dnaindia.com | 03-Dec-2008 23:25
Dr Reddy's wins AOK bids for 7 drugs
Dr Reddy's Laboratories (DRL), the Hyderabad-based pharma major, has gained some ground in the German market
Source : dnaindia.com | 03-Dec-2008 23:24
TCS reviewing capex plan
Tata Consultancy Services (TCS) is reviewing its capital expenditure plans owing to the global financial meltdown
Source : dnaindia.com | 03-Dec-2008 23:24
Binani Cement Mauritius unit to launch in '09
The Braj Binani-backed Binani Cement is all set to put up Mauritius' first cement plant, which will begin production by the end of 2009.
Source : dnaindia.com | 03-Dec-2008 23:23
Goldman sacks more in India offices
After reportedly laying off 200 employees over a month ago, international investment banking firm Goldman Sachs has continued handing out pink slips at its Bangalore office
Source : dnaindia.com | 03-Dec-2008 23:22
European Commission exposé has pharma innovators in a bind
Some of the dirtiest tricks of global drug giants to corner market share and maintain monopoly have been thrown in the open by a 426-page preliminary report of the European Commission.
Source : dnaindia.com | 03-Dec-2008 23:22
Tech Mahindra looks beyond telecom clients for growth
Tech Mahindra Ltd (TML), the IT solutions provider, is looking to diversify its business and cater to the network and value-added services (VAS) needs of non-telecom companies
Source : dnaindia.com | 03-Dec-2008 23:21
Gopinath's ex-allies return for new ventures
Captain GR Gopinath may have moved on to fresh entrepreneurial pastures, but the core team for his new venture is not very different from the previous one.
Source : dnaindia.com | 03-Dec-2008 23:20
Workers' stir to hit Haldia Petro output
Production at Haldia Petrochemicals Ltd (HPL), the joint venture between West Bengal Industrial Development Corporation and The Chatterjee Group, is likely to be hit
Source : dnaindia.com | 03-Dec-2008 23:19
PepsiCo stops paddy exports
PepsiCo India has stopped exporting its procured Basmati rice to other countries and has tied up with a rice company to provide its contract-farming model
Source : dnaindia.com | 03-Dec-2008 23:18
Security concerns haunt Blackberry
Plans to launch a new Blackberry mobile handset in India has revived concerns if the service was a risk to internal security.
Source : dnaindia.com | 03-Dec-2008 14:43
Iris scans for UAE bank customers
UAE banks will soon introduce iris-scanning for all customers in order to make transactions foolproof and improve security.
Source : dnaindia.com | 03-Dec-2008 14:04
US car makers seek $34 bn bailout
Facing imminent bankruptcy, the top three American automobile majors - General Motors, Chrysler and Ford - have sought a $34 billion bailout package from the US Congress.
Source : dnaindia.com | 03-Dec-2008 10:19
British Airways in merger talks with Qantas
In a bid to tackle the global credit crunch, British Airways is in merger talks with major international carriers, Australia's Qantas in particular, to create a global super airline.
Source : dnaindia.com | 03-Dec-2008 10:18
Now a Yahoo bid from former AOL CEO
After a failed take-over bid by Microsoft and a partial technical collaboration with competitor Google, a former AOL chief, Jonathan Miller, is now eyeing to take over Yahoo Inc.
Source : dnaindia.com | 03-Dec-2008 10:16
Local shipyards escape storm
Ship-builders are seeing significant collateral damage from the global recession and credit crunch.
Source : dnaindia.com | 02-Dec-2008 23:42
Dr Reddy's waits with bated breath for AOK deal
The Hyderabad-based Dr Reddy's Laboratories is still keeping its fingers crossed on one of the biggest market opportunities in Europe.
Source : dnaindia.com | 02-Dec-2008 23:36
Tata Steel earnings top estimate
Tata Steel has posted good numbers in its consolidated results for the quarter ended September 30, 2008, with revenues surging 36.2%
Source : dnaindia.com | 02-Dec-2008 23:32
Delivery-based trades hit a low in Nov
Not many are trading in shares these days and those who do are not taking them home, it appears.
Source : dnaindia.com | 02-Dec-2008 23:27
IOC's Turkey pipeline bid still in limbo
The $2-billion Samsun-Ceyhan pipeline project in Turkey, in which state-owned Indian Oil Corporation (IOC) is seeking a 12.5% stake, has made much news in the last two years.
Source : dnaindia.com | 02-Dec-2008 23:22
Training costs dip as IT firms slow hiring
Revised hiring guidance and shrinking bench has drastically brought down the training budget of information technology (IT) companies.
Source : dnaindia.com | 02-Dec-2008 23:18
Outdoor advertising runs into rough weather
A popular way to occupy oneself in slow-moving traffic is to peer at those ubiquitous hoardings.
Source : dnaindia.com | 02-Dec-2008 23:16
IRB's Surat project fin closure delayed
Mumbai-based IRB Infrastructure Developers will see a two-month delay in achieving financial closure for its Rs 2,800-crore Surat-Dahisar six-lane project.
Source : dnaindia.com | 02-Dec-2008 23:14
Claridges may freeze Rs 2,500 cr expansion
Claridges Hotels & Resorts, feeling the heat of the economic downturn, is likely to review its Rs 2,500-crore expansion plans.
Source : dnaindia.com | 02-Dec-2008 23:13
Rewrite the security codes for airports
As citizens of one of the largest democracies in the world, there is something wrong if we need such updates on whether we are safe.
Source : dnaindia.com | 02-Dec-2008 23:11
Sterlite Tech focuses on margin growth
Sterlite Technologies, the Pune-based optical fibre and cable manufacturer, will focus on contracts that give better profit margins but need less working capital.
Source : dnaindia.com | 02-Dec-2008 23:10
Two negatives needn't a positive make
Negative amortisation loans getting into negative equity territory may prove a big worry for the US
Source : dnaindia.com | 02-Dec-2008 23:08
ICICI Pru AMC falls out of top 3
The woes of its parent ICICI Bank seem to have rubbed off on ICICI Prudential Mutual Fund, too.
Source : dnaindia.com | 02-Dec-2008 23:07
Spectrum vacation on the backburner
Adequate spectrum for mobile telecom services looks like a distant dream now.
Source : dnaindia.com | 02-Dec-2008 23:05
Moser Baer not to buy fresh content
Moser Baer India, the optical storage media major, is not buying additional content for its entertainment venture due to an overheated market.
Source : dnaindia.com | 02-Dec-2008 23:03
NIIT Tech freezes hiring
Technologies, a provider of IT consultancy services, said it has stopped hiring due to global recession triggers
Source : dnaindia.com | 02-Dec-2008 23:00
Damodar Valley Corp
Damodar Valley Corporation (DVC), the over Rs 4,950-crore power major, is "re-examining" its proposal to float a subsidiary.
Source : dnaindia.com | 02-Dec-2008 23:00
The changes the World Wide Web will spin for itself
I decided to look for answers at the Web 2.0 conference in New York that drew thousands of attendees from around the globe.
Source : dnaindia.com | 02-Dec-2008 22:56
Foreign and domestic airlines seek tie-ups with Paramount
International and domestic airlines have sought tie-ups with Paramount Airways and the company is evaluating the offers, Managing Director M Thiagarajan said
Source : dnaindia.com | 02-Dec-2008 15:57
Unilever to slash 250 R&D jobs globally
Consumer goods major Unilever Plc has announced slashing of 250 research jobs across the world as a part of its restructuring plan.
Source : dnaindia.com | 02-Dec-2008 15:56
Sensex down by 101 points
Stock markets recouped in late afternoon trade on government's ruling out an armed conflict against Pakistan and the benchmark Sensex closed the day down
Source : dnaindia.com | 02-Dec-2008 13:26