The union government would renegotiate the price of the aircraft carrier Admiral Gorshkov, during the visit of the Russian President Dmitry Medvedev in New Delhi. Prime Minister, Dr. Manmohan Singh would discuss the Gorshkov issue with his Russian counterpart in a high level summit on December 6.
One of India’s largest IT company, Infosys Technologies said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
Giving this information, Infosys CEO S Gopalakrishnan said, “Last year the IT industry grew more than 30%, this year it is looking at somewhere in the region of 15%. So, it has slowed down.”
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
Tata Motors is in for yet another debacle. The Gujarat High Court has directed the state government to produce documents of acquisition of land in Sanand, alloted to Tatas for the Nano car project. The farmers in Sanand, the site of the Nano project in Gujarat, have filed a case against the Gujarat government and Tata motors, seeking greater compensation for their land.
Marg Limited, India’s leading Infrastructure and RealEstate development company, has received a contract from the Karnataka government.
The scope of order involves development of airport at Bijapur, Karnataka.
However, the company did not disclose the financial details of the deal.
Recently, the company laid foundation stone for the country’s first fishing harbour on a Public Private Partnership model, at Rajakamangalam Thurai in Kanyakumari district, Tamil Nadu.
Jet Airways, owing to the accumulated losses and the current slowdown in the economy, has announced a slew of cost-cutting measures, including a 5-25 per cent cut in salaries of its employees who are earning above Rs 75,000 per month. The airline said in a media statement that for the pilots, this will be in the form of a combination of wage cut and allowance rationalisation, which will bring the contribution of pilots in line with the company's other employees.
The union government would renegotiate the price of the aircraft carrier Admiral Gorshkov, during the visit of the Russian President Dmitry Medvedev in New Delhi. Prime Minister, Dr. Manmohan Singh would discuss the Gorshkov issue with his Russian counterpart in a high level summit on December 6. 
One of India’s largest IT company, Infosys Technologies said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
Tata Motors is in for yet another debacle. The Gujarat High Court has directed the state government to produce documents of acquisition of land in Sanand, alloted to Tatas for the Nano car project. The farmers in Sanand, the site of the Nano project in Gujarat, have filed a case against the Gujarat government and Tata motors, seeking greater compensation for their land. 
Marg Limited, India’s leading Infrastructure and RealEstate development company, has received a contract from the Karnataka government.
Jet Airways, owing to the accumulated losses and the current slowdown in the economy, has announced a slew of cost-cutting measures, including a 5-25 per cent cut in salaries of its employees who are earning above Rs 75,000 per month. The airline said in a media statement that for the pilots, this will be in the form of a combination of wage cut and allowance rationalisation, which will bring the contribution of pilots in line with the company's other employees. 
