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Kingfisher crisis ends

Kingfisher crisis ends

New Delhi, Oct 26, 2012: The 26-day deadlock in Kingfisher Airlines was resolved today with the management agreeing to pay four months salary dues by December end to the striking…

India-US body job fair attracts major companies

India-US body job fair attracts major companies

Recruiters from over 40 major companies, including IBM, Infosys and Abbott Labs, took part in a job fair organised by Indo-American Community Services (IACS) here. Participation at the job fair…

TCS to hire 25,000 persons from campuses next year

TCS to hire 25,000 persons from campuses next year

Tata Consultancy Services (TCS) today said it plans to hire 25,000 persons from campuses in the next fiscal. “Campus recruitments, yes, we’ve already started and we’ve started from seventh semester…

ED attaches assets of Satyam’s Ramalinga Raju

ED attaches assets of Satyam’s Ramalinga Raju

Enforcement Directorate today issued attachment orders freezing fixed deposits worth Rs 822 crore of B Ramalinga Raju, founder of scam-hit Satyam computers, and his family in connection with its probe…

Govt allows pvt firms to use PSU-owned jet fuel facilities

Govt allows pvt firms to use PSU-owned jet fuel facilities

After allowing domestic airlines to import ATF directly, the government has decided to permit private firms to use oil PSU-owned jet fuel facilities like refuelling terminal and storages at Chennai…

RIL-BP relinquishes 9 oil and gas blocks on poor prospects

RIL-BP relinquishes 9 oil and gas blocks on poor prospects

UK’s BP plc has relinquished or surrendered 9 out of the 21 oil and gas blocks where it had bought 30 per cent stake from Reliance Industries for USD 7.2…

Infosys’ Q2 net up 24.3% at Rs 2,369 cr; shares plunge 4.3%

Infosys’ Q2 net up 24.3% at Rs 2,369 cr; shares plunge 4.3%

IT bellwether Infosys has posted a 3.4 per cent rise in net profit at Rs 2,369 crore during the second quarter of the 2012-13 fiscal on a sequential basis. Its…

Balakrishnan to step down as CFO at Infosys from Oct 31

Balakrishnan to step down as CFO at Infosys from Oct 31

Bangalore, Oct 12, 2012:  Infosys Chief Financial Officer V Balakrishnan will step down from his position on October 31, after six years at the helm of finances of the IT…

Unitech to sell its Uninor stake to Telenor

Unitech to sell its Uninor stake to Telenor

New Delhi, Oct 11, 2012:  Realty firm Unitech today said it would exit from telecom joint venture with Norway’s Telenor by disposing of its entire shareholding in Uninor and both…

Kingfisher Airlines gets Rs 60 crore from banks

Kingfisher Airlines gets Rs 60 crore from banks

The cash-strapped Kingfisher Airlines got some reprieve as bankers on Thursday agreed to release funds from escrow accounts, which is likely to release up to Rs 60 crore for the…