AIRLINES UNDER ADDITIONAL PRESSURE June 29, 2010
Posted by admin in : Indian Economy , add a commentThe airlines have been under pressure for a while now. The main reason for this is the recession that is prevailing all over the world. Due to the economic recession all over the world, many are insecure about their jobs and seeing many getting dumped by their respective companies, all have gone to the save mode. The save mode about which I am talking here is the save money mode which has forced many not to go for the posh air tickets to travel. In addition to this, the new problem has arisen for the airlines as the air turbine fuel (ATF) has been raised by Rs. 2,750 per kilolitre.
IPL2 READY FOR SUCCESS June 25, 2010
Posted by admin in : Indian Economy , add a commentThe Indian Premier League is not just like any other cricket tournament, but a high profile business extravaganza. The reason why I say it to be a big business extravaganza is due to the millions of dollars involved in its making. In order to satisfy its huge fan base, though it is Indian as its name suggests, due to political pressure and security concerns it has been shifted to South Africa. And now, in order to make it a success and to pull in huge crowds in the grounds, they have announced many offers in ticketing like free tickets for children under the age of 12 and many more.
TECH MAHINDRA, NEW OWNER OF SATYAM June 19, 2010
Posted by admin in : Indian Economy , add a commentThe information technology major, Satyam has been in news for about half year now. But the reason for it to be in news is not worth talking of now. Though it has been in news for no good reason till now, it has got reasons to breathe easy now. Its employees have a sigh of relief now as Tech Mahindra has won the auction of Satyam yesterday. It has acquired the company by bidding for Rs. 51 per share. It will cost tech Mahindra about Rs. 2,800 crores to acquire 51% of satyam’s share. The companies that participated in the bidding includes Larson and Tubro too.
TATA POWER INTO COST CUTTING MEASURES June 14, 2010
Posted by admin in : Indian Economy , add a commentWith the economic slowdown prevailing in the country, each and every company from small to big is getting affected. This economic slowdown as they say has forced the industrial sector to move into cost cutting mode. The recent proof of this cost cutting measure is from the side of the industrial major Mr. Ratan Tata. Tata Power which is being led by Mr. Prasad Menon had ideas of constructing its own power plant. This has started in full flow and the important thing to be noted here is that the power project is being constructed by Tata itself rather than giving the tender to other constructing companies. This Mundra power project of 4, 000 megawatt is expected to be ready by 2012.
INDIA EXPECTED TO RECOVER FASTER THAN ITS COUNTERPARTS June 9, 2010
Posted by admin in : Indian Economy , add a commentWith the recession hitting the entire world, no country is left unaffected. Though United States of America is the country most affected, India seems to be steady as of now. Earlier it was usually said that the Indian economy was largely dependent on the economy of United States of America, but now it is not the same state. Even though USA is hit by recession, it is being said that it is only an economic slowdown for India and not a recession yet. In recent days, India seemed to recover effectively from the hit and is also expected to recover much faster than the rest of the world when a global revive begins as per the governor of Reserve bank of India.
SATYAM STAFFS QUIT IN LARGE June 5, 2010
Posted by admin in : Indian Economy , add a commentThe information technology major Mr. Ramalinga Raju run company Satyam computers is continuously facing new problems from the time its chairperson admitted the scandal. Though, recently the company seemed to recover from the big hit as many came forward to buy its stakes. The fact that it had been getting new project offers also made man think that it will survive the race. But now, the new problem that the company faces is that about 3, 500 employees have quit the company over the last one month. This is also a sign of jobs materializing now. With the fear of being laid off, the staffs are quitting the firm irrespective of the company’s future.