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.

Following the recent withdrawal of the export-oriented unit (EoU) status of Jamnagar refinery, a move facilitating the sale of its products in the domestic market, Reliance Industries Ltd (RIL) is expected to get on with it selling fuel in the country, next week onwards.

RIL's decision to go in for a change in status of the refinery is reported to have come in the wake of a nosedive in the prices of international crude and petroleum product. The drop in prices has reduced the company's its export realization, thereby indicating lower margins.

With the Wall Street Journal reporting that some problems had occurred in Suzlon Energy Ltd's supply of blades to REpower Systems AG for a project in China, the shares of the company - India's foremost wind-turbine generators' manufacturer - plunged 19 percent to Rs 55.95 on the National Stock Exchange on Thursday.

While Suzlon's blades have reportedly been rejected, the company - which owns 74 percent of Germany's REpower and is looking at increasing its stake beyond 90 per cent - denied any problem, saying that prototypes were being tested and the actual delivery would begin in a couple of months.

The liquidity position of the cash-strapped realtor United Ltd is expected to improve, with the company recently raising Rs 1,625 crore at Rs 38.50 per share through qualified institutional placement (QIP) issue. The proceeds from this sale of new shares to qualified institutions will help the country's second-biggest real estate developer repay a part of its more than Rs 8,900-crore debt.

The leading computer manufacturer in the world - Acer has announced two new laptops from its Aspire series. The Taipei, Taiwan based company has announced Acer Aspire 3935-6504 and Acer Aspire 8935G notebooks.

The Acer Aspire 3935-6504 is 13-inch ultraportable slim easy-to-carry notebook; it weighs about 2 kg (4.1 pounds). The Aspire 3935 notebook features 13.3-inch HD Acer CineCrystal LED screen, with 1368 x 768 resolution, multi-touch trackpad, and nice keyboard. The Aspire 3935 comes with 2.0GHz Intel Core 2 Duo T7350 processor, 3MB L2 cache and 1066MHz FSB.

The members GSM operators of the main telecom industry lobby group of India - COAI (Cellular Operators Association of India) - are not happy with the recent ruling by TDSAT (Telecom Disputes Settlement and Appellate Tribunal), according to which, operators are allowed to provide mobile services in both GSM and CDMA platform with the same license. Hence, COAI has decided to challenge the TDSAT ruling.