The World Bank has decided to ban, India's top computer software services provider Satyam Computer, for eight years, starting from September this year. The company has been charged with the data theft and paying bribes to its staff for its vested interests. The bank has decided to snap all business ties with the computer giant, following a flood of complaints.

On Monday, Kingfisher Airlines said that there is no case for decreasing its air fares in the immediate term.

Kingfisher Airlines spokesperson informed, “Once the Government brought aviation turbine fuel (ATF) under the Declared Goods category, it would immediately and significantly reduces fares.”

He further said, “The sharp and immediate spike in ATF prices earlier in the year has left a lasting impact on the bottom lines of the companies, leading to an accumulation of huge outstandings and liabilities with the oil companies and the likes.”

A new font has been developed by a Dutch company, which had been long looking for ways to reduce the environmental costs of printing.

According to the company, the new font cuts ink usage by about 15 percent. Basically the new font, dubbed as "Ecofont" has little holes in the letters.

The font was designed by Spranq, the Utrecht-based marketing and communication company, which struck on a Swiss-cheese design after failures with the earlier experiments using thin letters and partial letters - like the stripes of a zebra.

Company co-founder Gerjon Zomer said, "It turns out that it's necessary to preserve the size and outline of the letters to keep them readable."

Renowned Indian construction firm, Jaiprakash Associates would merge Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). The meager is aimed to insulate the business from the impact of the global slowdown as there is a huge demand-supply mismatch in different geographical regions. All companies under a single roof would allow better control over subsidiaries, allowing better economic management and business effectiveness.
 

Engineering and construction major Punj Lloyd Ltd has secured an order worth Rs 303.95 crore for construction related work from Municipal Corporation of Delhi.
The scope of work includes development of parking facility near Jawaharlal Nehru Stadium for the forthcoming Commonwealth Games-2010.
Earlier this month, Punj Lloyd, one of the most dynamic and successful companies in Infrastructure sector in India, has signed a memorandum of understanding with the US-based nuclear energy company Thorium Power Ltd to jointly explore the possibilities of nuclear fuel generation in India.

The largest drug maker of country, Ranbaxy Laboratories may sell its three plants in China, Malaysia and Vietnam to mitigate the impact of global slowdown. The move is aimed rationalize company's business. It is also thinking on other cost cutting measures as per reports of confidential sources.