A 'cost-reduction, efficiency-enhancement' aimed restructuring program appears to in the offing for Naresh Goyal's private carrier Jet Airways! The company, which has recently slashed 30 percent of its flights and leased out several of its planes, is now planning to layoff nearly 400 employees.

Some other steps to be taken by the company include the closing down of some of its offices in metros that basically handle ticketing; as well as working out a centralized operation control centre in Mumbai. At present, flight despatch job for the airline is handled at its hubs at Delhi, Kolkata, Chennai, and Bangalore.

The largest cellular service provider in India, Bharti Airtel has launched its new service called "My Airtel My Offer" for its prepaid subscribers. The service lets the subscribers know various new schemes and offers by launched Airtel, without receiving any calls or SMSs on their mobile phones.

Chennai-based Raj Television Network has declared the results for the three-month period ended March 31, 2009.

For the period under review, the company said that it has posted a net loss of Rs 30.76 million, as compared to the net loss of Rs 3.42 million during the corresponding period of the last year.

The company’s revenue saw a growth of 84.45% during the quarter to Rs 204.05 million, while the income from operations and net sales was Rs 194.94 million from Rs 86.44 million in the prior year.    

Areva T&D India, the subsidiary of the France-based Areva Group, has received a prestigious order for two 500 MVA Power Transformers from Power Grid Corporation of India Limited.

The latest orders are considered as the highest in ratio 400 KV 3 phase class transformers in the country, which will PowerGrid in augmenting capacities of their 400 KV Substations at Malerkotla and Patiala in Punjab.

Both transformer orders are scheduled to be delivered by Q3 2010.

BASF India Ltd, the Indian subsidiary of the German group BASF, has finally announced its financial results for the quarter ended on 31-Mar-2009.

The company has witnessed 3.25% surge in its net sales at Rs 20218 lacs for quarter ended on 31-Mar-2009, against Rs 19553 lacs for the quarter ended on 31-Mar-2008.

While on yearly basis, the company’s net sales grew to Rs.111560 lacs for the year ended on 31-Mar-2009, against Rs.91267 lacs for the year ended on 31-Mar-2008.

Galileo, the leading Global Distribution System in India, had signed a preferred GDS agreement with Akbar Travel of India Pvt. Ltd., the firm which offers all travel related services under one umbrella, to distribute, manage and book travel management services for its customers in India.

This tie-up will enable Akbar travels to use Galileo as its preferred technology partner for booking and servicing all its customers.